Economy

Canada unveils new financial aid measures to support large businesses

Canada unveils new financial aid measures to support large businesses

In addition, recipient companies would be required to commit to publish annual climate-related disclosure reports consistent with the Financial Stability Board's Task Force on Climate-related Financia...

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2 arrested in Target brawl over wearing coronavirus masks

2 arrested in Target brawl over wearing coronavirus masks

Security cameras captured the moment three security guards escorted two men out of the store for refusing to wear a face covering. "As they approached the exit, one suspect, suddenly without provoca...

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Twitter to allow most employees to work from home permanently

Twitter to allow most employees to work from home permanently

Even before the COVID-19 outbreak, Dorsey voiced plans to encourage a "distributed workforce" with more remote employees living outside San Francisco, where the company is headquartered. It will be ca...

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How major US stock indexes fared Monday

How major US stock indexes fared Monday

Earlier, Asian markets were supported somewhat by the Chinese central bank's promise to use "more powerful" policies to support economic recovery and job creation. They often fall more than the rest o...

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Treasury Department nearing end of stimulus payments; $218 billion sent so far

Treasury Department nearing end of stimulus payments; $218 billion sent so far

Some people have been getting a different amount of the $1,200 expected and the IRS noted that they had to revert to the 2018 tax return to calculate eligibility and amount of the economic impact p...

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Pelosi Unveils $3 Trillion Coronavirus Relief Bill

Pelosi Unveils $3 Trillion Coronavirus Relief Bill

The Democratic-led House, which is on recess, will return to Washington, D.C., Friday to approve the legislation. John Thune of South Dakota, the second-ranking Republican in the Senate. It also provi...

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US authorises use of anti-viral drug remdesivir for coronavirus patients

US authorises use of anti-viral drug remdesivir for coronavirus patients

There are no medicines approved by the FDA as safe and effective to treat people in the hospital who have COVID-19. However, it did not significantly improve survival rates. In all, over 180,100 p...

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Twitter says it will allow employees to work from home 'forever'

With very few exceptions, Twitter's offices won't open before September, the company said. Visit Business Insider's homepage for more stories . "If our employees are in a role and situation tha...

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Chancellor confirms the Job Retention Scheme will last until October

Chancellor confirms the Job Retention Scheme will last until October

The Furlough scheme could be extended until September. This inflexibility supposed that some organisations which will have endured buying and selling at a discounted degree needed to shut exclusively....

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Ryanair Plans 1000 Flights Per Day By July

Ryanair Plans 1000 Flights Per Day By July

Ryanair has announced a plan to restore 40% of its flight schedule from July 1. Passengers will have to be temperature checked before entering the airport and facemasks or face coverings will b...

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Gold Price Prediction - Prices Rise but Remain Range bound as CPI Drops

Gold Price Prediction - Prices Rise but Remain Range bound as CPI Drops

Economists polled by Reuters had forecast the CPI falling 0.8 percent in April and rising 0.4 percent year-on-year. The department added that data collection last month was also impacted "by the tem...

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White House Adviser Hassett: May Unemployment Could Climb to 20%

White House Adviser Hassett: May Unemployment Could Climb to 20%

The US jobless rate may peak "north of" 20 per cent in May or June before the economy starts to recover from coronavirus-related shutdowns in the second half of 2020, a top White House adviser said....

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Morrisons slashes fuel prices to under £1 a litre

Morrisons slashes fuel prices to under £1 a litre

Raising retail prices has also become important for OMCs now as the recent steel excise duty hike without resultant increase in petrol and fiscal prices, has substantially brought down its marketing m...

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Facebook extends work from home until 2021 (Includes interview)

Facebook extends work from home until 2021 (Includes interview)

Employees whose work requires a physical presence in the office will be able to reenter the workplace in June or July, according to Pichai. Facebook employees have been working from home since t...

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Branson to sell off $765m in Virgin shares

Branson to sell off $765m in Virgin shares

But Virgin Atlantic, which is a private company, has been focusing on discussions with investors. In April, Branson who owns 51% of Virgin Atlantic offered to mortgage his private Caribbean island, ...

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Saudi Arabia’s ADDITIONAL output cuts fuel oil price rally

Saudi Arabia’s ADDITIONAL output cuts fuel oil price rally

Al-Jadaan said the pandemic has caused an unprecedented slump in oil demand, decline in economic activity and a rise in expenses needed to stem the spread of coronavirus . Saudi Arabia has had some 4...

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USA says Chinese are hacking Covid-19 vaccine research

USA says Chinese are hacking Covid-19 vaccine research

The new rules will not apply to reporters carrying passports issued by the semi-autonomous Chinese territories of Hong Kong and Macau. The analysis attributed the investment slowdown to Chinese rest...

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Saudi Arabia triples Value-Added Tax and suspends cost of living allowance

Saudi Arabia triples Value-Added Tax and suspends cost of living allowance

WTI erases daily losses after Saudi Arabia's announcement on oil production. The kingdom will suspend a cost-of-living allowance for government workers starting in June and hike Value-Added Tax fr...

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Brent Crude Prices Rebound as Global Supply and Demand Started to Realign

Brent Crude Prices Rebound as Global Supply and Demand Started to Realign

The number of United States rigs drilling for oil fell to a level not seen since before the shale-oil revolution kicked off at the beginning of the last decade. drilling rigs had fallen to a record lo...

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BLS April jobs report: Unemployment skyrockets to 14.7%

BLS April jobs report: Unemployment skyrockets to 14.7%

The jaw-dropping job losses in the last two months pushed nonfarm employment to its lowest level since February 2011. As horrific as the April unemployment figure, economists say the official ...

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J.C. Penney to file for bankruptcy

Founded in Kemmerer, Wyoming, in 1902 by James Cash Penney, the company grew to be the largest retailer in the country, now operating approximately 850 locations and employing almost 85,000 people a...

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Washington in talks with chipmakers about building U.S. factories

Washington in talks with chipmakers about building U.S. factories

Spokesman William Moss said Santa Clara, California-based Intel is well-positioned to work with the government "to operate a USA -owned commercial foundry". Intel is talking to the Trump administrat...

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Oil rises as coronavirus curbs ease, setting stage for demand boost

Oil rises as coronavirus curbs ease, setting stage for demand boost

Global benchmark Brent crude settled 13.86% higher at $30.97 per barrel and also posted its fifth consecutive positive session. Crude oil rallies again (CL1:COM) and is on track for its best we...

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Petrol, diesel prices hiked in Rajasthan, Uttarakhand due to tax

Petrol, diesel prices hiked in Rajasthan, Uttarakhand due to tax

This means, taking the current price of petrol at Guwahati which is Rs 77.46 per litre, a consumer in Guwahati is paying a whopping Rs 59.24 in taxes per litre which includes central government ta...

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Based Vista Equity Partners to invest Rs 11367 crore in Reliance Jio

Based Vista Equity Partners to invest Rs 11367 crore in Reliance Jio

While the Facebook deal spoke about the possibilities of expanding Reliance's retail service, Jiomart , the deal with Vista Equity Partners only contained broad hints of how the two could partner...

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GSK offloads stake in Hindustan Unilever for over Rs 25,000 crore

GSK offloads stake in Hindustan Unilever for over Rs 25,000 crore

In early April, GSK received HUL's shares in return of the sale of its Indian consumer business, GlaxoSmithKline Consumer Healthcare Ltd, to HUL. The names of the buyers were not immediately known. ...

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Amsterdam eatery trials greenhouses for socially-distant dining

Amsterdam eatery trials greenhouses for socially-distant dining

As reported by Reuters , a series of small greenhouses (max. capacity: 3) has been constructed along the waterfront outside of their restaurant. Mediamatic Eten , which specializes in vegan food ...

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Tesla secures $565m loan for Shanghai plant

Tesla secures $565m loan for Shanghai plant

Tesla has halted production at its factory in Shanghai, which had been its only plant still in operation amid the global coronavirus pandemic. The company informed many factory workers, who were sup...

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Tesla Owners & Shareholders Speak Out Against Alameda County

Tesla Owners & Shareholders Speak Out Against Alameda County

Not to mention bring a lawsuit . Musk on Saturday announced that Tesla was filing a lawsuit against Alameda County, where the facility is located, immediately. "All businesses within the County m...

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United States jobless rate will get worse: White House adviser

United States jobless rate will get worse: White House adviser

Other infectious disease specialists, meanwhile, warned that a too-swift reopening of businesses and public spaces would ignite new hot spots . At the White House , all employees are being tested at...

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Coronavirus concern grows as White House staffers, Secret Service personnel test positive

Coronavirus concern grows as White House staffers, Secret Service personnel test positive

Protective facial coverings have been a hard sell for Trump and Pence despite a recommendation from the Centers for Disease Control that people wear masks or alternatives. The White House had no immed...

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DHS Document Reveals 11 Coronavirus Cases in US Secret Service, Report Claims

DHS Document Reveals 11 Coronavirus Cases in US Secret Service, Report Claims

Ivanka Trump's personal assistant has tested positive for coronavirus , USA officials said on Saturday while confirming the third infection in the White House in less than a week. Valets are membe...

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Musk threatens removing Tesla from California over virus restrictions

Musk threatens removing Tesla from California over virus restrictions

Erica Pan. Tesla produces over 415.000 electric cars a year at the factory in Fremont. In response, Musk told Tesla staff that the company would resume limited production on Friday. Tesla planne...

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Tesla's Musk Suing California County for Blocking Reopening

Tesla's Musk Suing California County for Blocking Reopening

The company said it had informed health authorities in Alameda County , where the Fremont factory is located, about its restart plans, but claimed the acting official did not return calls or emails. ...

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United Kingdom wants to 'slowly and cautiously' ease lockdown to restart economy - minister

United Kingdom wants to 'slowly and cautiously' ease lockdown to restart economy - minister

In a televised address to the nation, Johnson said that while people with jobs that can not be done from home are being encouraged to return to work, "this is not the time, simply, to end the lockdown...

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