Economy

India slashes rates to decade-low level to ease coronavirus impact

India slashes rates to decade-low level to ease coronavirus impact

The governor said that such changes in credit terms, which have been permitted to borrowers to specifically tide over the economic fallout from COVID-19, will not be treated as concessions granted due...

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Russian Federation says OPEC+ deal revival possible if other countries join in

Russian Federation says OPEC+ deal revival possible if other countries join in

In an interview later on Friday with RBC TV, Sorokin said crude at $25 a barrel is "unpleasant" for Russian Federation, but isn't a catastrophe. Both contracts are down almost two thirds this year a...

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After Avoiding US Taxes, Cruise Lines Won't Get Help From US Taxpayers

After Avoiding US Taxes, Cruise Lines Won't Get Help From US Taxpayers

But a segment of the funding bill that would apply to the cruise industry limits aid to "an entity or company domiciled in the United States with significant operations and employees located in the Un...

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Asian shares dive, then trim losses after Wall Street sell-off

Asian shares dive, then trim losses after Wall Street sell-off

As Trump announced his plans, Congress was also working on a relief bill. His proposal for a cut to payroll taxes has met resistance on Capitol Hill. Michael McCarthy of CMC Markets said: "The marke...

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US Stocks Decline as Three-Day Rally Fizzles

US Stocks Decline as Three-Day Rally Fizzles

The Dow Jones Industrial Average (DIA) declined 930.24 points, or 4.1%, to close at 21,621.93. The U.S. has now overtaken China as the country with the most confirmed cases in the world. Factors lik...

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House Passes $2 Trillion Coronavirus Bill as Lawmakers Promise Additional Aid

House Passes $2 Trillion Coronavirus Bill as Lawmakers Promise Additional Aid

The House scheduled three hours of debate, headed toward a possible vote sometime after noon EDT (1600 GMT). Republican President Donald Trump lashed out at Massie on Twitter, calling him a "third...

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It is clear world in recession, says International Monetary Fund chief

It is clear world in recession, says International Monetary Fund chief

The financial programme was designed before the novel coronavirus outbreak, but the International Monetary Fund recently said that changes were made to support unbudgeted spending covering emergenc...

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Trump lashes out at General Motors over ventilator shortage

Trump lashes out at General Motors over ventilator shortage

The GM-Ventec statement came an hour after Trump lashed out at the automaker as well as Ford for allegedly moving slowly to help resolve the ventilator shortage. "Names and numbers will be announced ...

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Trump Invokes Defense Production Act to Require GM to Produce Ventilators

Trump Invokes Defense Production Act to Require GM to Produce Ventilators

That drew criticism from Democrats. The decision comes as companies both big and small are experiencing less demand and attempting to conserve cash amid the COVID-19 pandemic. The tweet stood in ...

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California sees unprecedented demand for unemployment benefits due to COVID-19 outbreak

California sees unprecedented demand for unemployment benefits due to COVID-19 outbreak

The state is releasing new numbers every Thursday. That number is looking pretty good compared to the almost 3.3 million Americans who filed for unemployment last week. Nationwide, 2.9 million Ameri...

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Bank of Canada brings out its own 'unlimited' bazooka

Bank of Canada brings out its own 'unlimited' bazooka

The Bank of Canada has lowered its overnight interest rate to 0.25%. Today, the Bank is launching two new programs. "A firefighter has never been criticized for using too much water", Bank of Ca...

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COVID-19: Trudeau boosts wage subsidy aiming to keep employees on payroll

COVID-19: Trudeau boosts wage subsidy aiming to keep employees on payroll

Canadian Prime Minister Justin Trudeau reportedly objected to the United States' decision to deploy U.S. military forces on the Canadian border to step up efforts to combat the novel coronavirus pa...

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Trump Demands GM, Ford Build Ventilators

Trump Demands GM, Ford Build Ventilators

The company sold the plant in November. "Invoke 'P, '" the president tweeted in reference to the company's CEO Mary Barra. New York's Gov. Andrew Cuomo had said his state needed at least 30,000 so...

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This is how much money you could get from the stimulus bill

This is how much money you could get from the stimulus bill

Rossotti, who headed the agency between 1997 and 2002. Adjustments to that income include things like student loan interest, educator expenses, alimony payments, penalty for early withdrawal of sa...

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Coronavirus: Day after Centre's economic package, RBI cuts repo rate

Coronavirus: Day after Centre's economic package, RBI cuts repo rate

Das said lenders can allow a three-month moratorium on internet payments on working capital facilities and on term loans, all lenders can allow three-month moratorium or repayments. He urged those wit...

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3.3 million Americans file for jobless benefits as coronavirus causes economic shutdown

3.3 million Americans file for jobless benefits as coronavirus causes economic shutdown

But that staggering leap in joblessness likely understates the full damage the coronavirus outbreak has inflicted on the US labor market, according to multiple economists. Revenue has collapsed at r...

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Dollarama says stores recognized as essential service in Ontario, Quebec

Dollarama says stores recognized as essential service in Ontario, Quebec

With Quebec now Canada's hardest hit province accounting for more than 1,300 cases as of March 25th, the government says the recent surge is partly due to a change in testing procedures, and that the ...

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Virgin stands down 8,000, cuts 90% flights

Virgin stands down 8,000, cuts 90% flights

Data firm Cirium on Tuesday estimated the number of aircraft placed in storage since January had climbed to 3,500 - up 1,000 from a day earlier - as more airlines ground planes. Virgin Australia has s...

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Coronavirus triggers CDC's highest travel warning for Wuhan

Coronavirus triggers CDC's highest travel warning for Wuhan

Around midnight local time, authorities began cutting off public transportation in the cities of Huanggang and Ezhou , both located around 75 kilometers (45 miles) east of Wuhan in Hubei province. Th...

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Fed takes major action to support markets as coronavirus weighs on economy

Fed takes major action to support markets as coronavirus weighs on economy

While much of the planet goes into lockdown, traders gave a massive thumbs up to the U.S. central bank´s pledge to essentially print money in a move not seen since the global financial crisis. The cen...

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Tesla CEO Elon Musk: New York gigafactory will reopen for ventilator production

Tesla CEO Elon Musk: New York gigafactory will reopen for ventilator production

The US now has 160,000 ventilators, with 12,700 in the National Strategic Supply, reports The New York Times , but the country could need up to a million machines over the course of the outbreak, ac...

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Powell Says Economy May Be in Recession, Virus Will Dictate Timetable

Powell Says Economy May Be in Recession, Virus Will Dictate Timetable

In a rare interview on NBC's Today on Thursday, the Fed chair said the bank's efforts are focused on helping the economy recover quickly once the threat from the virus has passed. "People are bein...

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Oil Demand Projections Get Worse, Putting Additional Pressure On Prices

Oil Demand Projections Get Worse, Putting Additional Pressure On Prices

NTD News refers to the novel coronavirus , which causes the disease COVID-19, as the CCP virus because the Chinese Communist Party's coverup and mismanagement allowed the virus to spread throughout...

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Tax Filing Deadline Moved To July 15th

Tax Filing Deadline Moved To July 15th

The deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers, as well as those who pay self-employment tax. If you file your tax r...

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International Olympic Committee hopes to agree new Tokyo Olympics date 'as soon as possible'

International Olympic Committee hopes to agree new Tokyo Olympics date 'as soon as possible'

Bach said in a conference call on Wednesday morning that a call would take place with the 33 worldwide sports federations on Thursday to discuss the matter. Samsung is supporting the IOC's decision to...

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Chancellor gives support to millions of self-employed individuals

Chancellor gives support to millions of self-employed individuals

Now Chancellor Rishi Sunak has announced measures to support them too. The scheme will also only be available to those who make the majority of their income through self-employment, and who have a...

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CVS hiring 50K people, paying bonuses

CVS hiring 50K people, paying bonuses

CVS operates more than 9,900 pharmacies around the United States, which have found themselves on the frontlines of the response to the coronavirus pandemic . Part-time employees now have up to 24 hou...

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Who qualifies for a relief check in the $2 trillion stimulus package?

Who qualifies for a relief check in the $2 trillion stimulus package?

That means that if you filed a tax return this year or last year, you'll probably receive a rebate, assuming your income is below the caps. The bill still must go through the House - a vote to pass ...

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New weekly jobless claims soar to 3.3 million amid coronavirus outbreak

New weekly jobless claims soar to 3.3 million amid coronavirus outbreak

Last week the Employment Security Department said 14,154 initial unemployment benefits claims were filed for the week ending March 14, a 116% increase compared to the week before. You can read the ful...

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READ: $2 Trillion Coronavirus Relief Bill

READ: $2 Trillion Coronavirus Relief Bill

She had said a day earlier that if there were calls for a vote recorded by name, lawmakers might be able to vote by proxy, as not all would attend. What was the snag in Congress? Treasury Secr...

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Hoosiers Make Up Almost 2% Of National Unemployment Application Record

Hoosiers Make Up Almost 2% Of National Unemployment Application Record

The sheer number of the claims is nearly five times the previous record set in 1982 and is one of the first looks into the widespread economic damage caused by the virus. Heidi Shierholz, a former chi...

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Coronavirus outbreak could cause global recession, International Monetary Fund warns

Coronavirus outbreak could cause global recession, International Monetary Fund warns

He stated: "This is a moment for solidarity, which was a major theme of the meeting today of the G20 Finance Ministers and Central Bank Governors". The IMF is working carefully with the World Financia...

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Crystal Palace Wetherspoons graffitied with

Crystal Palace Wetherspoons graffitied with "pay your staff"

In a video message to staff, Martin revealed that Wetherspoon would be relying on a government grant to pay workers. He said the pub chain would repay what it owes within a short timeframe once th...

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US Senate passes $2 trillion coronavirus relief bill

The motion failed on a 48-48 vote. The revamped bill would provide one-time direct payments of $1,200 to all adults who make up to $75,000 a year, $2,400 per married couple, and $3,000 for family ...

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Discount retailers, groceries, Amazon ramping up hiring amid coronavirus buying frenzy

Discount retailers, groceries, Amazon ramping up hiring amid coronavirus buying frenzy

With heightened demand for household items and thousands of people without jobs amid coronavirus-related business closures, discount retailers like Walmart and Dollar General are hiring as well ...

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