Finance

by | June 09, 2020 | 21:26

Glassman apologized and returned the tweets to him yesterday. "Has your failed model quarantined us and are you now going to model a solution to racism?" The community has shown outrage at the statements made by CrossFit's founder, and thousands of affiliates have voiced their disapproval and announced they will no longer associate with the CrossFit brand.

by | June 09, 2020 | 20:29

The company said the move will "significantly impact senior levels" of management in the business, with its top leadership roles to be cut by a third. With storage facilities filling up, the U.S. price of oil went below zero in April for the first time. "I am as excited and confident in BP's future as I was then".

by | June 09, 2020 | 19:25

According to reporting in the Daily Mail and Reuters , multiple sources say that Britain's chief Brexit negotiator, David Frost, has made a new offer. A week of talks between British and European officials has ended in a deadlock and recriminations on both sides. "We can only take note that there has been no substantial progress since the beginning of these negotiations, and that we cannot continue like this forever", he added .

by | June 09, 2020 | 12:55

World Bank economists cautioned that their forecast was based on an assumption that the worst of the coronavirus outbreak was coming to an end and economies would pick up fairly quickly once governments begin to reopen. All other major economies in the region - India, Bangladesh, Nepal and Bhutan - would remain in the growth mode during fiscal 2019-20, even though all would suffer from the pandemic's impact.

by | June 09, 2020 | 12:23

Bezos wrote in a caption alongside his Instagram post that he has received "a number of sickening but not surprising responses" to his email inbox in response to his previous Instagram posts supporting the Black Lives Matter movement . "Black parents can't say that same". 'However I want you to know I support this movement that we see occurring around us, and my position won't change, ' he concluded.

by | June 09, 2020 | 07:58

The three airlines have sent a "pre-action protocol letter", which can be followed by legal action, to denounce the quarantine plan as " wholly unjustified and disproportionate ". British Airways' parent company has commenced legal action against the implementation of a 14-day quarantine on worldwide arrivals, a ruling that has been described as "catastrophic" for the hospitality and tourism sectors.

by | June 09, 2020 | 04:54

Saudi Arabia, OPEC's de facto leader, and Russian Federation have to perform a balancing act as they push up oil prices to meet their budget needs while not driving them much above $50 a barrel to avoid encouraging a resurgence of rival USA shale production.

by | June 09, 2020 | 04:27

To accompany Stage 2 business re-openings, the province said child-care centres also will begin gradually restarting non-emergency operations, with public health measures in place. According to the Ontario Government's "A Framework for Reopening" during the COVID-19 pandemic, Stage 2 includes "opening more workplaces, based on risk assessments, which may include some service industries, and additional office and retail workplaces".

by | June 09, 2020 | 04:09

The Institute for Health Metrics and Evaluation , an organization located at the University of Washington and funded by the Bill and Melinda Gates Foundation, tweeted on Saturday that "racism is a public health issue". Following the death of George Floyd an unarmed black man in handcuffs, who died in police custody after a white policeman knelt on his neck for almost nine minutes, the world has been treated to a spectacle of protests , loud and silent, all in support of the ...

by | June 09, 2020 | 02:10

The benchmark S&P 500 and the Dow are now 5.5% and 7.4% away from their respective closing highs, after surging more than 45% from their pandemic lows hit on March 23. Investors were also focussed on efforts to reopen the U.S. economy in the wake of Covid-19, with reopening plans in various stages across all 50 states.

by | June 08, 2020 | 18:40

The company said the move will "significantly impact senior levels" of management in the business, with its top leadership roles to be cut by a third. BP is giving no pay rises to senior employees until March 2021 and said it is unlikely to pay any cash bonuses this year. "It was always part of the plan to make BP a leaner, faster-moving and lower carbon company", said the email from Looney, who recently took over as the group's CEO.

by | June 08, 2020 | 05:39

This is a great day for them and all of us with equality. Twitter has removed a video shared by promotional team of United States President Donald Trump in tribute to George Floyd , a black American man killed by police last week. Trump's reluctance to take over any area of the electorate beyond his own base, especially at a time when he has the opening to build bridges with troubled Americans, was underscored on Friday by his decision to operate outside the White House.

by | June 07, 2020 | 21:43

Prior to this announcement, Slack's largest customer was IBM, which has more than 350,000 employees . The deal also includes several other elements including integrating AWS Key Management Service with Slack Enterprise Key Management (EKM ) for encryption key management, deeper alignment with AWS's chatbot service and direct integration with AWS AppFlow to enable secure transfer of data between Slack and Amazon S3 storage and the Amazon Redshift data warehouse.

by | June 07, 2020 | 14:56

Nonfarm payrolls expanded by 2.51 million in May compared to an expected contraction of 8 million and the previous month's contraction of 20.69 million . The May employment report also reflects an improvement over April's jobless rate of 14.7%. Besides being hit hard by the unemployment caused by the pandemic, African-Americans are said to also have experienced COVID-19 at higher rates.

by | June 07, 2020 | 11:26

The book by writer Alex Berenson happens to be on coronavirus lockdown and in his book, the writer has suggested that the risks of serious illness or death are much lower than reported , especially for younger people. Elon Musk has a amusing relationship with weed. "But denying him access to Amazon because of the content of his book is appalling", he wrote . But according to The Wall Street Journal , the company removed it in error.

by | June 07, 2020 | 03:50

We can't let that happen. A raft of public polls showed Trump trailing presumptive Democratic presidential nominee Joe Biden nationally and in some of the battleground states where the November 3 election will be decided. And he seemed to proclaim that George Floyd, whose killing by police in Minneapolis has sparked over a week of protests, would be happy with the economic news.

by | June 07, 2020 | 02:01

The biggest mall owner in the country Simon Property Group is suing one of its biggest tenants, Gap, for failing to pay more than $65.9 million in rent and other charges due during the coronavirus pandemic , according to a lawsuit filed Tuesday in DE state court.

by | June 06, 2020 | 18:23

The S&P 500 and Dow Jones indexes are now down about 6 per cent and 9 per cent, respectively, from their all-time highs. The Nasdaq index on Friday closed 2.06% higher on the day after earlier surpassing the previous intraday record high hit February 19, just before fears of the coronavirus ended Wall Street's 11-year bull market.

by | June 06, 2020 | 14:09

Crude oil prices (CL1:COM) are climbing after OPEC made a decision to meet Saturday to discuss extending production cuts, indicating that some laggard countries may have agreed to align themselves with the deal. Iraq and Nigeria have been regarded as the biggest laggards on compliance in the OPEC+ partnership, both arguing that their financial needs required them to sell as much oil as possible.

by | June 06, 2020 | 08:24

Here are the first live images of the new Toyota Fortuner facelift, showing its exterior and interior in detail. Well, the biggest change is the adoption of a large trapezoidal grille incorporating more pronounced horizontal elements (interestingly, the grille surrounds differ by grade).

by | June 06, 2020 | 02:11

He added: "This is a great day for him. This is a great day for everybody". 'For the president to try to put any other words in the mouth of George Floyd , I frankly think is despicable, ' Biden continued. "It's time for him to step out of his own bunker, take a look around at the consequences", Biden said. On Thursday, as the protests turned peaceful, she ended a curfew imposed after people damaged buildings and broke into businesses over the weekend and Monday.

by | June 06, 2020 | 01:51

Friday's government data comes on the heels of monthly employment numbers from private payroll processor ADP, which on Wednesday showed a total of 2.76 million people lost their job in May, a number far lower than the predictions of 8.75 million.

by | June 06, 2020 | 00:39

No new furlough claims can be made beyond the end of June, with the final three-week furloughs beginning on 10 June. Employers will pay employer NICs and pension contributions and 20% of wages to make up 80% total up to a cap of £2,500.

by | June 05, 2020 | 23:54

That means the number of Canadians who have either lost their job or worked substantially fewer hours has fallen to just under 5 million, from about 5.5 million in April. While the unemployment rate for white Americans was 12.4% May, it was 17.6% for Hispanics and 16.8% for African-Americans. States waived the traditional work search requirement for UI, so some workers on UI who do not expect to be called back to work may not count as unemployed.

by | June 05, 2020 | 23:21

The total number of unemployed Canadians doubled from February to April, a surge driven by temporary layoffs that the vast majority of workers expected to last less than six months. The survey also noted increases in employment and hours in industries where occupation-related requirements make it necessary to be in close physical contact with others rose.