Finance

by | May 08, 2020 | 20:27

The record for the highest unemployment rate since Statscan adopted their current labor force model in January 1976 was the 13.1% seen in December 1982. Youths aged 15-24, recent immigrants, low-wage workers and those with the least job security - temporary or non-unionized, for example - suffered the most job losses.

by | May 08, 2020 | 16:05

Brent futures fell 26 cents, or 0.9%, to settle at $29.46 a barrel, while U.S. WTI crude lost 44 cents, or 1.8%, to settle at $23.55. As OPEC+ producers begin to cut output as part of an historic agreement, US explorers are shutting in production in the country's biggest shale fields.

by | May 08, 2020 | 14:55

In a recent online strategic dialogue with Shada Islam, of the European think tank Friends of Europe , Zhang Ming, head of the Chinese Mission to the EU, said COVID-19 is affecting the schedule of events between China and the EU, but "it does not paralyze our communication, nor undermine our shared commitment to the comprehensive strategic partnership".

by | May 08, 2020 | 10:40

President Trump said Wednesday that the White House's team for combating the virus will "continue on indefinitely" - a day after he and Vice President Mike Pence said the group will begin to wind down . The White House was moving to shore up its protection protocols to protect the nation's political leaders. President Trump was reportedly very, very mad about someone else's coronavirus diagnosis.

by | May 08, 2020 | 10:10

Chancellor Rishi Sunak has said that there will be no "cliff-edge" to the furlough scheme and that he is exploring the most effective way to wind it down. Employers should seek their employees' agreement to go on Furlough and to accept 80% of their salary/£2,500 gross earnings. However, pending clarification from the government on this, this would lead to practical problems if employees refused to come back to work.

by | May 08, 2020 | 07:36

Last month , as CNBC reported , the company also cut base salaries for executives, instituted a hiring freeze, and halted all marketing. Some places, such as the United Kingdom, have restricted non-essential travel or are only letting medical workers book stays with Airbnb.

by | May 08, 2020 | 06:24

US President Donald Trump , in a conversation with Russian President Vladimir Putin , has offered to send medical equipment to Russia , the Kremlin said in a press release on Thursday. Although tensions are high between China and the United States - as Trump accuses China of failing to contain COVID-19 -the president has long mused about a three-nation arms treaty.

by | May 08, 2020 | 03:53

As a public service, Shaw Media will provide open access to information related to the COVID-19 ( Coronavirus ) emergency. PUA provides 100% federally-funded unemployment benefits for individuals who are unemployed for specified COVID-19-related reasons and are not eligible for the state's regular unemployment insurance program, the extended benefit (EB) program under IL law, or the Pandemic Emergency Unemployment Compensation program (PEUC), including independent contractors and ...

by | May 08, 2020 | 03:26

Larry Withrow of the Oklahoma City Police Department in a statement. A female McDonald's employee was assaulted by one of the customers during the incident, KOKH reported, and suffered injuries from hitting her head on furniture in the dining area.

by | May 08, 2020 | 02:57

The White House had begun discussions about winding down its coronavirus task force, which has already been meeting less frequently, Pence said Tuesday. "She is just lying to the American people like everyone else". "But we have to open it up safely, so we will be adding two or three additional members to the task force", he was quoted as saying by PTI.

by | May 08, 2020 | 02:30

Of the total count, 4.23 million jobs were lost in goods-producing businesses-2.47 million in construction, and 1.67 million in manufacturing, a part of the economy that was already in trouble much of previous year before the novel coronavirus made its appearance.

by | May 08, 2020 | 00:55

But they have started to rally - WTI has doubled since last Tuesday - as governments from the Pacific to Europe and some USA states report lower new infection rates and deaths, and begin easing tough lockdowns. Some of the biggest moves in Saudi oil pricing came for refiners in Europe and the Mediterranean, also the main market for Russian crude. West Texas oil wellsOil prices fell on Wednesday, ending a multi-day streak of gains, as investors focused on oversupply risks after USA crude ...

by | May 08, 2020 | 00:26

Yahoo Finance's Myles Udland breaks down Uber's earnings report. Shares of Uber were down almost 4% in early trading Wednesday. "We are looking at many scenarios and at each and every cost, both variable and fixed, across the company", he said in the memo.

by | May 07, 2020 | 18:57

Scenario modelling used as part of its monetary policy committee (MPC) planning suggested output will fall 3% in the first quarter of 2020 followed by a further 25% in the second. However, given the unpredictable and unprecedented nature of the pandemic, the BoE emphasized that its projections were "unusually uncertain" and subject to many factors, including how businesses and households respond to the crisis.

by | May 07, 2020 | 16:01

China's trade surplus for the period stood at $45.34 billion, compared with an expected $6.35 billion surplus and a surplus of $19.93 billion in March. The brewing threat of a renewed trade war with the United States could also pose a problem, observers said. On Wednesday, Beijing pledged to roll out and improve on policies to keep employment stable, following an earlier series of support measures.

by | May 07, 2020 | 15:27

The two sides, which each have about 100 officials involved in the talks, said in a statement that a trans-Atlantic free trade agreement would "contribute to the long-term health of our economies, which is vitally important as we recover from the challenges posed by COVID-19".

by | May 07, 2020 | 14:28

With Moovit in its arsenal, Intel aims to accelerate Mobileye's Mobility-as-a-Service (MaaS) offering and be a full-stack mobility provider. Mobileye will use Moovit's transportation data to improve its predictive technologies based on consumer demand and traffic patterns.

by | May 07, 2020 | 07:45

Gov. Mike DeWine didn't hold a news conference Wednesday afternoon due to the state legislature being back in session for the first time following a break. "People were not going to accept the government telling them what to do", DeWine said on ABC's "This Week". The bill, which gained traction after several Republican lawmakers have been critical of Dr.

by | May 07, 2020 | 05:56

Online retail giant Amazon is stopping sellers from sending non-essential items to its United Kingdom and U.S. warehouses until 5 April, to make space for vital items needed by its customers during the coronavirus outbreak . Third-party sellers list their products on the marketplace section of Amazon's website and generate about half of all sales on the site. Amazon employs 27,000 people across 17 warehouses in the UK.

by | May 07, 2020 | 05:39

In March, government had taken Parliamentary approval to raise special additional excise duty on petrol to Rs 18 per litre and on diesel to Rs 12 per litre but did not change the levy then. A cash-strapped government reeling from the economic hit due to Covid-19 has again tapped into its time-tested cash cow - the petroleum sector. Economic factors The average global product prices for Petrol, Diesel and Illuminating Paraffin decreased during the period 27 March to 29 April 2020.

by | May 07, 2020 | 05:37

The restrictions raise fears that struggling businesses that do not bank with the largest lenders, which also include Lloyds, Barclays, and Santander, risk having to wait weeks to access cheap government cash at a time when speed is key to the survival of many businesses, as the United Kingdom remains in lockdown due to Covid-19.

by | May 07, 2020 | 04:13

The plan still needs to be approved by powerful clerics, but according to the central bank chief, Iran will take two years to "pave the way for the change". It was like an electric shock sizzling through all aspects of the already besieged Iranian economy. The rial's plunge has continued, leaving it nearly 600% weaker against the U.S.

by | May 07, 2020 | 03:03

The U.S. continues to endure the largest coronavirus outbreak in the world, with about 1.2 million people infected and more than 71,000 killed so far. The president said it is possible that there will be an increase in the US death toll "because you won't be locked into an apartment or house or whatever it is".

by | May 07, 2020 | 01:10

Carnival Cruise Lines will resume sailings on August 1 with eight ships depart from Miami, Galveston, Texas, and Port Canaveral, Florida. "We are taking a measured approach, focusing our return to service on a select number of homeports where we have more significant operations that are easily accessible by auto for the majority of our guests".

by | May 07, 2020 | 01:04

The borrowing estimate is United States dollars 3,055 billion higher than what was announced in February this year, the US Treasury said. In a status report filed late Friday, an attorney for the Treasury Department said the agency hadn't decided whether to appeal that ruling but is working to process initial payments to tribal governments.