Economy

Trudeau Says Wage Subsidy Program for Canadian Businesses Will Extend Beyond June

Trudeau Says Wage Subsidy Program for Canadian Businesses Will Extend Beyond June

The Public Health Agency of Canada noted that while Canada gets a lot of protective equipment from worldwide manufacturers, domestic manufacturers also provide gowns, face shields and hand sanitizer...

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Oil prices spike as Chinese demand snaps back

Oil prices spike as Chinese demand snaps back

The recovery of crude oil prices from last month's unprecedented crash seems to be moving swiftly, as more countries ease their coronavirus lockdowns and output cuts agreed by OPEC+ and other top oil-...

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IRS sends stimulus checks to dead taxpayers, asks executors to return money

IRS sends stimulus checks to dead taxpayers, asks executors to return money

For those who filed taxes for 2018 and 2019, no action is required to receive the Federal Economic Impact Payment. The CARES Act , which authorized the payments, did not include any language forbiddi...

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Tyson will reopen its biggest pork plant after a Covid-19 outbreak

Tyson will reopen its biggest pork plant after a Covid-19 outbreak

The Midwest Center for Investigative Reporting , which is tracking cases in the industry, says there have been "at least 11,500 reported positive cases tied to meatpacking facilities in at least 170...

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Stocks rise on hopes that terrible jobs report marks the bottom

Stocks rise on hopes that terrible jobs report marks the bottom

About 392 of the S&P 500 companies have reported so far and first-quarter earnings are expected to have fallen 12.1%, with analysts expecting an earnings recession by the second quarter, according to ...

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PM announces $240M for online healthcare platforms

PM announces $240M for online healthcare platforms

It will also aim to strengthen online virtual care to help stop the spread of the virus, which has officially infected almost 60,000 people and resulted in more than 3,750 deaths in Canada. The prime ...

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Grande Prairie region hit hard as Canada's unemployment rate spikes

Grande Prairie region hit hard as Canada's unemployment rate spikes

Following a drop of over one million in March, employment in Canada fell by almost two million in April, a decline Statistics Canada said is unprecedented. Today's numbers are based off a sample tak...

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Oil prices rise with hopes for demand rebound on easing coronavirus curbs

Oil prices rise with hopes for demand rebound on easing coronavirus curbs

Global benchmark Brent crude was last trading around $29.15 a barrel, while U.S. West Texas Intermediate (WTI) crude was at $22.11. Worldwide benchmark Brent crude added 1.66 percent to trade at $...

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Million Private-Sector Jobs Are Gone

Million Private-Sector Jobs Are Gone

The ADP jobs report showed that USA companies lost 20.2 million jobs in April. But the monthly data, which are separate from the jobless claims reports, are calculated only during the pay period t...

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Trump's Personal Valet Tests Positive For COVID-19

A military official, who is one of President Donald Trump's personal valets, has tested positive for coronavirus, according to a new report on May 7. Check your state's restrictions on gathering l...

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Qantas and Jetstar Extend Flight Cancellations

Qantas and Jetstar Extend Flight Cancellations

Qantas said that the "initial easing of government restrictions suggests some domestic travel may start to return before the end of July - though initial demand levels are hard to predict". Joyce tol...

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Andrew Bailey will have the United Kingdom bond market's back

Andrew Bailey will have the United Kingdom bond market's back

The report stressed that the outlook for the economy is "unusually uncertain". The pound against the U.S. dollar ( GBPUSD=X ) jumped in early trading on Thursday after the Bank of England (BOE) he...

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Trump urges China, Russia arms control in telephonic call with Putin

Trump urges China, Russia arms control in telephonic call with Putin

The agreement limits the number of land and sea-based nuclear missile launchers that the United States and Russian Federation can deploy, and caps the number of nuclear warheads each nation can deploy...

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USA crude oil production decreases last week

USA crude oil production decreases last week

The cost of July futures for Brent crude on the London ICE Futures exchange to 8:16 MSK totaled at $29.79 per barrel, or $0,07 (0,24%) above the price of closing of previous session. In American sta...

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China exports see surprise 3.5% jump in April, imports fall

China exports see surprise 3.5% jump in April, imports fall

Both official and private factory surveys for April showed sub-indexes for export orders scaled back sharply, suggesting stronger external headwinds even as some countries have eased lockdowns. Shipme...

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UK Chancellor to cut coronavirus furlough scheme over addiction fears

UK Chancellor to cut coronavirus furlough scheme over addiction fears

The scheme now supports the wages of 6.3m employees, nearly a quarter of the UK's private-sector workforce, who have temporarily stopped work at a cost of around £8bn (US$9.8bn). This is similar to a ...

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McDonald's workers hurt in customer attack over coronavirus limits, police say

McDonald's workers hurt in customer attack over coronavirus limits, police say

She was arrested following the shooting on Wednesday night. From the local ABC affiliate : Police told KOCO 5 that a woman entered the lobby of the McDonald's near Southwest 89th Street and Penns...

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Coronavirus will help Amazon to eat up the rest of the market

Coronavirus will help Amazon to eat up the rest of the market

As online orders spike, Amazon also is looking to hire 100,000 people willing to pick, pack and deliver orders during the pandemic. "We are seeing increased online shopping, and as a result some p...

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Lyft to require drivers and riders to wear face masks

Lyft to require drivers and riders to wear face masks

The companies are thereby shirking their obligations to their workforce and shifting the burden onto drivers and taxpayers at a time when they are most vulnerable. Lyft ended the quarter with $2.7 bil...

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South Dakota unemployment claims are down

South Dakota unemployment claims are down

There were 3,169,000 Initial Claims for unemployment benefits in the US during the week ending May 2nd, the data published by the US Department of Labor (DOL) revealed on Thursday. However, it was l...

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Amazon VP Quits, Calls Out Warehouse Working Conditions

Earlier than he resigned, Bray had proven helpful for a worker advocacy group, Amazon Employees for Climate Justice, which Cunningham and Costa have been additionally part of. Amazon has more than ...

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Coronavirus: US to wind down its pandemic task force to reopen country

Coronavirus: US to wind down its pandemic task force to reopen country

US President Donald Trump fixed his course on reopening the nation for business, acknowledging that the move would cause more illness and death from the pandemic, but insisting it was a cost he was w...

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EU forecasts 'recession of historic proportions' this year

EU forecasts 'recession of historic proportions' this year

If overall European GDP would fall 7.7 percent by the end of 2020, when considering the predictions for individual countries the figures vary widely. It is seen falling to 153.6% in 2021, he Commiss...

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Norwegian Cruise Line flags cash crunch, going concern risks

Norwegian Cruise Line flags cash crunch, going concern risks

In a message to customers and travel agents on Monday, Carnival said it is "committed to supporting all public health efforts to manage the COVID-19 situation", including "focusing our return to servi...

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Tribes have yet to get share of $8B in virus relief money

Tribes have yet to get share of $8B in virus relief money

The U.S. Treasury announced its borrowing will reach a record $3 trillion in the current quarter, as the coronavirus batters the economy and government spending increased, including through massive ...

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EU forecasts ‘recession of historic proportions’ this year

EU forecasts ‘recession of historic proportions’ this year

The EU's economic commissioner, Paolo Gentiloni, said there was an urgent need to mitigate the inevitable exacerbation of existing social and economic fissures, as countries emerge at different speeds...

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Petrol, diesel prices hiked in Delhi: Details here

As a result, the total rise of excise duty on petrol has risen to Rs 32.98 per litre and that on diesel to Rs 31.83. The Uttar Pradesh government has joined the list of states to increase Value Adde...

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Trump says U.S. must reopen even if more Americans get sick, die

Trump says U.S. must reopen even if more Americans get sick, die

The US coronavirus death toll climbed by 2,333 yesterday, according to a tally by Johns Hopkins University , more than twice as many as the day before. "The president stood up the White House Co...

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Petrol price hiked in TN after lockdown relaxation!

Petrol price hiked in TN after lockdown relaxation!

The government of the Union Territory said that the revenues are down by a huge margin for the month of April 2020. The state governments' intent to increase tax petrol and diesel should be seen i...

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Iran chops off zeroes from currency, changes ‘rial’ to ‘toman’

President Donald Trump in May 2018 withdrew the United States from a landmark 2015 nuclear agreement between Iran and world powers under which Tehran pledged to curb its nuclear activities in exch...

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More than 4000 PPP loans approved in state during second round

More than 4000 PPP loans approved in state during second round

Through May 1 of Round Two funding, IN banks assisted IN completing 31,757 PPP loans totaling $2,060,003,401 IN approved dollars. The PPP was established to help small businesses affected by the C...

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Huntington Beach begins phased reopening of beaches

Huntington Beach begins phased reopening of beaches

Gov. Gavin Newsom on Tuesday afternoon tried to offer some encouragement to small business owners ahead of the state's planned Phase 2 coronavirus reopening later this week, while still emphasizing t...

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Uber Eats exits eight global markets

Uber Eats exits eight global markets

Uber Eats Romania, a food delivery unit of USA -based online transportation network company Uber Technologies, said on Monday it will discontinue operations in Romania as of June 3. Those reductio...

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AWS' Tim Bray Quits Over Amazon Whistle-Blower Firings

In a blog post , Mr Bray said he was resigning because of retaliation against employees who pushed the company to improve its environmental practices, and who supported warehouse employees unhappy wi...

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Man arrested after video shows him wiping nose on store clerk's shirt

The Holly Police Department arrested a man captured on video wiping his nose and face on the shirt of a store clerk. Wild video shows an in-your-face customer in MI rubbing his face and nose on a ...

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