Economy

Amazon Confirms Employee In US Tests Positive For Coronavirus

Amazon Confirms Employee In US Tests Positive For Coronavirus

Amazon sent an email on Tuesday to update their workers on the situation and said the employee had worked out of the company's Brazil office building, according to The Seattle Times . Amazon assured ...

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Man Uses Rice to Visually Represent Jeff Bezos' Net Worth

Man Uses Rice to Visually Represent Jeff Bezos' Net Worth

To represent $1 million, therefore, Mr Yang used 10 grains of rice . Yang then took out a few grains from the USD 1 billion bunch, demonstrating how even after taking out millions of dollars the bi...

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Walmart to start testing membership programme Walmart+ next month

Walmart to start testing membership programme Walmart+ next month

The big-box retailer has over the past 18 months been exploring making its own paid membership model that would include certain perks that Amazon can't match, Vox reported . The release of the Ama...

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World pharma supplier India restricts export of some ingredients, drugs

World pharma supplier India restricts export of some ingredients, drugs

In total, 26 active pharmaceutical ingredients (APIs) and formulations containing such APIs have been placed under export restriction. I would have our federal government invest in helping to reb...

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Wall Street tumbles after Fed surprise rate cut

Wall Street tumbles after Fed surprise rate cut

Even if that comes to fruition, investors have their doubts the market has seen the end of its tumultuous trading of the last six days. USA equity futures are trading lower in a continuation of last...

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Powell says Fed has eye on virus

Powell says Fed has eye on virus

The Fed is "closely monitoring developments and their implications for the economic outlook", Powell said. "We will use our tools and act as appropriate to support the economy ", he said, signaling...

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Disney+ to join Sky in multi-year deal

Disney+ to join Sky in multi-year deal

Earlier today, Disney unveiled a "multi-year" distribution deal with Sky that would allow Sky subscribers to access the service via their existing set-top boxes. It is not clear, however, whether this...

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Wall Street opens lower as G7 doesn't mention monetary policy action

Wall Street opens lower as G7 doesn't mention monetary policy action

The Dow Jones Industrial Average dropped 2.94 per cent to end at 25,917.41 points, while the S&P 500 lost 2.81 per cent to finish at 3,003.37. NEW YORK, March three ― The Dow Jones Industrial Re...

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Australia central bank cuts rates to record low on virus fears

CANBERRA, Australia (AP) - Australia's central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new c...

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Fed Makes Emergency Rate Cut to Shield Economy From Virus Impact

Fed Makes Emergency Rate Cut to Shield Economy From Virus Impact

Fed Chairman Jerome Powell noted the central bank was not prepared to use any additional tools to stimulate the economy aside from rate cuts. Financial markets around the world rallied after the ...

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G7 set to tackle coronavirus' impact on global economy

G7 set to tackle coronavirus' impact on global economy

Group of Seven finance chiefs said they're ready to act to shelter their economies from the spreading coronavirus, though they stopped short of spelling out what measures they would put into place. "...

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European Council chief urges Ankara to respect 2016 migrant deal

European Council chief urges Ankara to respect 2016 migrant deal

While a man from the inflatable boat is seen hitting the migrant boat with a stick, another is seen firing a gun. "Most of those on the move are men but we are also seeing many family groups traveli...

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OPEC could deepen oil supply cuts with or without Russian Federation

OPEC could deepen oil supply cuts with or without Russian Federation

West Texas Intermediate crude ended Friday's trading session down 4.9%, to $44.76 per barrel. Saudi Arabia is reportedly pressing for more cuts, but Russian Federation, which needs oil revenue, is n...

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RBA cuts cash rate to new record low 0.5 per cent

Following a summer of bushfires, which Treasury expects to knock around 0.2 percentage points from Australia's economic growth, coronavirus threatens to cause even greater economic fallout. The confer...

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Unemployment rate in Kamloops slightly increased in December

Unemployment rate in Kamloops slightly increased in December

The unemployment rate ticked down in the month to 5.6 per cent, from 5.9 per cent in November, and wage gains decelerated to a still healthy 3.8 per cent from a year earlier. It was a standout year ...

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Delta temporarily suspends flights between JFK Airport and Milan amid coronavirus concerns

Delta temporarily suspends flights between JFK Airport and Milan amid coronavirus concerns

Service is set to resume on May 1. Italy is experiencing Europe's worst outbreak of the infectious disease, with more than 1,100 confirmed cases and 29 deaths. Central) and March 16 (11:59 p.m. A...

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Coronavirus may shrink world economy, watchdog says

Global gross domestic product will grow by as little as 1.5 percent - roughly half the OECD's previous projection of 2.9 percent - if the deadly virus spreads more widely in the Asia-Pacific region ...

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Syrian refugee trying to cross border killed by Greek police

Syrian refugee trying to cross border killed by Greek police

Rescue group Alarm Phone said on Sunday that a boat was ambused by masked men who tried to destroy the engine. As of Monday both the army and border patrol forces had been placed on maximum alert wi...

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OECD warns of severe economic hit from COVID-19 outbreak

OECD warns of severe economic hit from COVID-19 outbreak

That forecast assumes the virus outbreak fades this year, but a more severe outbreak "would weaken prospects considerably", the group of free-market economies said. "Against a backdrop of already weak...

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Former GE Chairman and CEO Jack Welch dies at 84

Former GE Chairman and CEO Jack Welch dies at 84

GE saw great growth and expansion under Welch's leadership. The businessman led the corporation from 1981 to 2001. We made wonderful deals together. Immelt's reign was marked by 9/11, the bursting o...

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Greenback tumbles against yen after Fed's rate cut hint

Greenback tumbles against yen after Fed's rate cut hint

The yen and the euro were on the front foot against the dollar on Monday as traders raised their bets of an interest rate cut by the U.S. Federal Reserve this month to shield the economy from the ...

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Amazon tells employees to defer all non-essential travel due to coronavirus

Rather, company recruiters were informed to shift the interview process for some roles from in-person interviews to virtual video conferencing using Amazon Chime. Amazon has instructed its 798,000 emp...

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United Airlines cancels flights to Tokyo, Seoul and Singapore

United Airlines cancels flights to Tokyo, Seoul and Singapore

USA airlines and lodges are extending options for customers to rebook travel to a growing list of nations, along with Italy , as coronavirus cases hiked outside of china and triggered fears of a glob...

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Harley-Davidson CEO to leave struggling motorcycle company

Harley-Davidson CEO to leave struggling motorcycle company

Levatich will assist with the changeover by way of the end of March, the enterprise stated. USA sales dropped for a fifth straight year in 2019. Shares of the Milwaukee-based company have plunged ...

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China February factory activity contracts at record pace as coronavirus bites

China February factory activity contracts at record pace as coronavirus bites

Nomura expects first-quarter growth to be at 2.0% year-on-year while Capital Economics estimates China's economy would contract outright in year-on-year terms this quarter, for the first time since ...

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What is Bob Iger's net worth?

What is Bob Iger's net worth?

Chapek has been with the company for 27 years, and oversaw massive projects like the launch of Shanghai Disney Resort and various Marvel- and Star Wars-themed park attractions, as well as the expans...

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Free Egg McMuffin Sandwich Through The McDonald's App On March 2, 2020

Free Egg McMuffin Sandwich Through The McDonald's App On March 2, 2020

The only caveat is that you will need to download the McDonald's app. Wendy's will also offer a chicken biscuit sandwich as part of its new breakfast menu. "While we're giving the Egg McMuffin its m...

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US Fed official signals rate cut not imminent despite coronavirus concerns

Treasury securities, one of the world's safest assets, this week fell to record lows as investors turned increasingly concerned that the deadly virus would damage U.S. Traders are pricing in a 61% ch...

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EasyJet warns of softening demand in wake of virus

EasyJet warns of softening demand in wake of virus

IAG, which also owns Iberia and Aer Lingus, usually gives an earnings forecast at this time of year but said the ongoing uncertainty of the impact and duration of coronavirus meant it could not give a...

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Technical issue forces early closure on Toronto Stock Exchange as markets fall

Technical issue forces early closure on Toronto Stock Exchange as markets fall

The exchange added that clients are now unable to enter, modify or cancel open orders on TSX , TSXV and Alpha, and it's investigating the problem. The trouble on the exchange came amid heaving trad...

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Trump says it's 'about time' Fed cuts interest rates

But faced with plunging stock markets as Wall Street suffers its worst week since the 2008 global financial crisis, he acknowledged that the coronavirus "poses evolving risks to economic activity". ...

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Elliott targets Twitter, seeking CEO Dorsey's removal

Elliott targets Twitter, seeking CEO Dorsey's removal

An activist investor has bought a stake in Twitter and wants to remove its co-founder and chief executive Jack Dorsey. The firm has nominated four directors for Twitter's board, with three seats b...

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Drive a Pricey Car? These Studies Don't Think Much of You

Drive a Pricey Car? These Studies Don't Think Much of You

In fact, the researchers found that the odds of a auto yielding to pedestrians decreased by 3% with every $1,000 increase in its price tag. Researchers assessed the theory by shuffling volunteers ...

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Italy and France ban public gatherings as coronavirus cases spread

Another man in his 50s is also under investigation for possible COVID-19 in NSW. But whether that was due to behavior - notably that most men in China smoke, while few women do - or biological facto...

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U.S. increases travel restrictions as Trump confirms first coronavirus death

The United States also advised its citizens not to travel to parts of South Korea and Italy , from where reports of coronavirus have appeared. Now they're saying Trump referred to the coronavirus...

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