Economy

Hiring Hoosiers: $349B effort to help United States small businesses launches Friday

Hiring Hoosiers: $349B effort to help United States small businesses launches Friday

Still, some did succeed in at least getting the process started. Bank of America alone said 75,000 small businesses had applied for $7 billion of loans. Small businesses can apply for loans up to $2 m...

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IHS Markit: Singapore PMI Sinks To Record Low 33.3 In March

IHS Markit: Singapore PMI Sinks To Record Low 33.3 In March

Factory activity in the country grew at its slowest pace in four months as the impact of the coronavirus pandemic weighed on sentiment, clouding the business confidence outlook, a survey showed on ...

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Trump to Schumer: 'Stop Complaining' About Virus Response

Trump to Schumer: 'Stop Complaining' About Virus Response

The president also said in the scorching letter , "I've known you for many years, but I never knew how bad a Senator you are for the state of NY, until I became President". The United States has a ...

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Target limiting number of guests in stores beginning this weekend

Target limiting number of guests in stores beginning this weekend

Service dogs will still be allowed. The Minneapolis-based retailer also said Thursday it will start monitoring the number of shoppers in each store and limit them if necessary. Employees will only a...

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Pandemic to slow Philippine economy 'substantially,' says ADB

Pandemic to slow Philippine economy 'substantially,' says ADB

In the report, the ADB cut its 2020 growth forecast for Asia to 2.2 per cent from 5.5 per cent estimated in September a year ago. With the domestic outbreak of COVID-19, Sri Lanka's growth projectio...

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Disney to furlough some United States employees in wake of coronavirus

Disney to furlough some United States employees in wake of coronavirus

Disney will pay the cost of employee healthcare premiums. One of the largest companies in the world, this decision will leave thousands of Disney employees on unpaid furlough. Disney also shared that ...

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Coronavirus Stimulus Check Calculator - How Much Will You Get?

Coronavirus Stimulus Check Calculator - How Much Will You Get?

GettyThe coronavirus pandemic has led to the government stimulus package. "Under pressure from activists around the country and our allies in Congress, the Trump Administration has reversed course...

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United Kingdom banks banned from requesting personal guarantees for emergency loans

United Kingdom banks banned from requesting personal guarantees for emergency loans

Rishi Sunak is understood to be planning changes that will ban onerous terms and conditions being imposed by banks, and relax other rules to help make the scheme more accessible. The Government has n...

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Large UK Banks Suspend Dividend Payments To Preserve Cash For Expected Recession

Large UK Banks Suspend Dividend Payments To Preserve Cash For Expected Recession

Originally HSBC shareholders would receive 21 USA cents of dividend per share by 14 April, but now the bank will not resume dividend payment at least till next year. "Now would be the ideal time...

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Disney Donates Ponchos and N95 Masks to Medical Industry

Disney Donates Ponchos and N95 Masks to Medical Industry

Disney is donating supplies to hospitals and medial professionals that are in need. Disney's ponchos were given to Medshare , a humanitarian aid organization that distributes garments to those in n...

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What we've learnt about the Government's Job Retention Scheme: 10 questions answered

What we've learnt about the Government's Job Retention Scheme: 10 questions answered

Officially the Coronavirus Job Retention Scheme, it started on March 1 and is open to employers in the United Kingdom for at least the next three months. Can I actually work for my employer if they ac...

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Lawmakers clash over whether Trump impeachment trial distracted government's coronavirus response

Lawmakers clash over whether Trump impeachment trial distracted government's coronavirus response

However, McConnell noted the outbreak in China came up right as the Senate was tied down on the impeachment trial. "I think if the American people do that, they're the ones who have been telling u...

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Oil soars on hopes of Russia-Saudi truce

Oil soars on hopes of Russia-Saudi truce

Both benchmarks fell to their lowest levels in 18 years on Monday, with WTI briefly dipping below US$20 a barrel . Saudi Arabia's crude supply rose on Wednesday to a record of more than 12 millio...

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Coronavirus: Oil prices rise on hopes of a price war truce

Coronavirus: Oil prices rise on hopes of a price war truce

Sitton said he will soon speak with Saudi Energy Minister Prince Abdulaziz bin Salman. Oil markets have been under pressure ever since early March, when Saudi Arabia and Russian Federation were ...

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ME jobless claims surge to new record as coronavirus stresses economy

ME jobless claims surge to new record as coronavirus stresses economy

Initial jobless claims in Arkansas for the week ending March 28 were 26,944, almost triple the amount reported in the previous week. As the world creeps toward 1 million confirmed cases of the C...

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China Concealed Extent of its Coronavirus Outbreak According to US Intelligence Report

China Concealed Extent of its Coronavirus Outbreak According to US Intelligence Report

Foreign Ministry spokeswoman Hua Chunying on Thursday defended as "open and transparent" China's response to the virus first identified in December in the central Chinese city of Wuhan . Meanwhile, i...

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USA weekly jobless claims hit 6 million amid coronavirus pandemic

USA weekly jobless claims hit 6 million amid coronavirus pandemic

The figure topped all analyst estimates and compared with a median projection of 3.76 million. Unemployment claims have spiked to 6.65 million across the country, the Department of Labor said in a...

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British Airways expected to lay off 36,000 staff amid coronavirus crisis

British Airways expected to lay off 36,000 staff amid coronavirus crisis

The BBC also reports that BA has reached a separate agreement with its pilots, who will take a 50 per cent pay cut over two months. Under the agreement, up to 80% of BA employees will be placed on f...

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Asian refiners call on Saudi to cut oil prices further in May

Asian refiners call on Saudi to cut oil prices further in May

On Tuesday evening in Washington, Trump said the US would meet with Saudi Arabia and Russian Federation with the goal of staunching the historic plunge in oil prices, and has raised the issue directly...

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Oil holds near $20 as Saudi output surges, Russia's won't rise

Oil holds near $20 as Saudi output surges, Russia's won't rise

Crude futures in NY were lower on Wednesday, following a record decline in the first quarter. Oil prices declined on Wednesday as concerns of supply glut and weaker demand rattled the market. In a...

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Marriott Reports Data Breach Affecting Up to 5.2 Million Guests

Marriott Reports Data Breach Affecting Up to 5.2 Million Guests

The company believes that the unauthorized access started in mid-January this year with the help of the credentials of two employees at a franchisee property in Russian Federation. Upon discovery, we ...

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Euro zone factory activity crashed in March as coronavirus spread - PMI

Euro zone factory activity crashed in March as coronavirus spread - PMI

Only the Netherlands recorded a PMI above the 50.0 no-change level in March, though growth here was marginal. Analysts had expected it to rise to 45.5. New export orders received by Chinese manufact...

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Costco to limit number of customers who can enter per membership

Costco to limit number of customers who can enter per membership

Until further notice, Costco will be open from 8:00 a.m. until 9:00 a.m. Tuesday through Thursday for members ages 60 and older, and those with physical impairments. Home Depot also said Wednesday tha...

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Qantas will reportedly push for government assistance should Virgin receive rescue package

Qantas will reportedly push for government assistance should Virgin receive rescue package

Virgin Australia Holdings Ltd. asked the government for a A$1.4 billion (US$863 million) loan to get through the coronavirus crisis. Virgin Australia has gone into a trading halt pending a fur...

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Trump shifts to worry over oil rout, discusses prices with Putin

Trump shifts to worry over oil rout, discusses prices with Putin

The falling prices have threatened higher-cost oil drillers in the United States and around the globe with bankruptcy. Saudi Arabia, in response, offered deep discounts on its product, in a move tha...

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China's service sector activity expands in March after virus shock - official PMI

China's service sector activity expands in March after virus shock - official PMI

The figure is a marked rebound from 35.7 in February - the worst since China began recording the data in 2005. New export orders remained below the 50 mark last month, alongside imports, reflecting ...

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Spanish coronavirus death toll rises by 812 in 24 hours

Spanish coronavirus death toll rises by 812 in 24 hours

Catalan business group Foment del Treball called for further measures to cushion the blow from the enforced shutdown and said the state should cover 75% of labour costs incurred during the period by c...

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Walmart to start taking employee temperatures, distribute masks and gloves

Walmart to start taking employee temperatures, distribute masks and gloves

According to a report by CNBC , the decision was made so Walmart can detect which workers may possibly be infected with the coronavirus . There are almost 4,700 Walmart stores in the US, with abou...

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Gas prices continue plummeting, averaging $2.27 a gallon in Pittsburgh area

Gas prices continue plummeting, averaging $2.27 a gallon in Pittsburgh area

New data from the Energy Information Administration reveals that with many Americans staying at home and practicing social distancing, gas demand dropped dramatically - from 9.7 million b/d to 8.8 mil...

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US Stock Futures on the Upswing Following Massive Economic Rebound

US Stock Futures on the Upswing Following Massive Economic Rebound

Abbott Laboratories sailed more than 10 percent higher after receiving USA approval for a diagnostic test that can detect coronavirus in minutes. United States stock markets opened higher on Monday,...

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Global coronavirus cases now top 750,000

Global coronavirus cases now top 750,000

Meanwhile, a US Navy hospital ship with 1000 beds arrived in port in NY to help relieve the crisis gripping the city. France deployed two specially equipped trains to transport coronavirus patient...

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MSC Cruises Extends Suspension of Fleetwide Operations

MSC Cruises Extends Suspension of Fleetwide Operations

Holland America Line will reimburse cancellation fees for air and other arrangements for travel to and from the cancelled cruise (this does not apply to chartered sailings). Guests will be contacted ...

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Air Canada to lay off another 16,500 workers, slash capacity by 90%

Air Canada to lay off another 16,500 workers, slash capacity by 90%

The airline will be executing a company-wide cost reduction and capital deferral program that will target at least $500 million. Additionally, Rovinescu, as well as Michael Rousseau, deputy chief ex...

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Coronavirus: Messi reveals why Barcelona players accepted 70 percent pay cut

Coronavirus: Messi reveals why Barcelona players accepted 70 percent pay cut

Messi said an agreement was delayed because the team was "looking for a formula" to help the club and workers. Lionel Messi of Barcelona scores his sides third goal from a free kick during the ...

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Large business, non-profits, charities all eligible for wage subsidy, Trudeau says

Large business, non-profits, charities all eligible for wage subsidy, Trudeau says

The prime minister said he would continue to work from home to set an example for Canadians who are being asked to stay at home. Initially, the federal government said it would increase its wage sub...

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