Economy

More than 2.4 million Americans filed for unemployment in the past week

More than 2.4 million Americans filed for unemployment in the past week

More than 51,000 Maryland residents filed for unemployment last week, the state's labor department announced Thursday. That program is aimed at workers like contractors and self-employed people who ...

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United Kingdom sells first government bond with a negative yield

United Kingdom sells first government bond with a negative yield

Bond yields fall as prices rise, but the negative yield means investors who hold them to maturity will get back less than they paid. When asked Felicity Buchan MP if the Bank was looking at negative...

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Walmart to wind down Jet.com

Walmart to wind down Jet.com

But chains such as Walmart and Home Depot have reaped the benefits of being deemed "essential businesses". USA e-commerce led by grocery increased by a whopping 74% and contributed almost 4% to the co...

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EasyJet to relaunch flights in June — Travel restriction updates

EasyJet to relaunch flights in June — Travel restriction updates

The carrier will add further routes in the following weeks, as and when passenger demand rises and lockdown measures ease further across Europe. EasyJet's president, Johan Lundgren, stated the air...

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Trump blames China's 'incompetence' for global coronavirus death toll

Trump blames China's 'incompetence' for global coronavirus death toll

Regarding Trump's letter to WHO Director-General Tedros Adhanom Ghebreyesus, he said the U.S. should focus on beating the coronavirus rather than "give an ultimatum to the organization that leads [the...

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No quick economic bounce back warns Chancellor

Referring to relatively weak levels of growth in Europe as lockdown measures were gradually lifted elsewhere, he added: "In all cases it will take a little bit of time for things to get back to normal...

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Why this Costco worker is being called a hero

Why this Costco worker is being called a hero

It also won't be the last, but Tison probably deserves to be featured in a Costco instructional video for how to stay cool and in charge when confrontations like these start to escalate. As of May 4...

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Almost 680K Hoosiers have filed for unemployment since the coronavirus pandemic began

Almost 680K Hoosiers have filed for unemployment since the coronavirus pandemic began

Such industries as retail, entertainment and recreation were shuttered and residents ordered to stay home to slow the spread of the coronavirus . Retailers that furloughed store associates, for insta...

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Government issues guidelines for air travel from May 25

Government issues guidelines for air travel from May 25

Before their entry, thermal screening of all the passengers will be done. Apart from the use of the app, the use of masks and gloves, and thermal screening of passengers will also be mandatory. Only p...

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Jobless claims: Another 2.438 million Americans file for unemployment benefits

Jobless claims: Another 2.438 million Americans file for unemployment benefits

An additional 2,438,000 Americans filed for unemployment insurance last week, the U.S. Department of Labor said Thursday. The Labor Department data on new first-time claims for unemployment benefi...

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Venezuela says Iranian tankers will get military escort

Venezuela says Iranian tankers will get military escort

Both Opec members are USA adversaries whose oil industries are under U.S. sanctions. Iranian Foreign Ministry spokesperson Abbas Mousavi on Sunday also warned that "the U.S. Teheran and Caracas esta...

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DeSantis Erupts Over Media’s Prediction of Florida Catastrophe — BEASTMODE

DeSantis Erupts Over Media’s Prediction of Florida Catastrophe — BEASTMODE

Afterward, Pence will join in a roundtable with hospitality and tourism industry leaders to discuss their plans for reopening. Steele said that her location lost 80 percent of its business during th...

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There’s still $135B left for small businesses in PPP loans

There’s still $135B left for small businesses in PPP loans

But now that many businesses are reopening, they can look to loan relief as their next step. The SBA has not yet released regional data on the program. Short answer: no, not for loan amounts under $...

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Barley Blow to Australian Farmers After China Slap

Barley Blow to Australian Farmers After China Slap

The resumption of business and social life across the country comes amid a dispute with China over Australia's leading role in the push for a global inquiry into the origins of the coronavirus p...

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70% of Indian startups have less than 3 months cash left: Nasscom

70% of Indian startups have less than 3 months cash left: Nasscom

Nasscom's Startup Pulse Survey reveals that 70 percent startups have a runway of less than three months, and hopes of receiving funding are likely to hit a wall as 65 percent startups said they have ...

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Venezuela Sues UK over Frozen Gold Reserves, Loses CITGO Appeal

Handout picture released by the Venezuelan Presidency showing Venezuelan President Nicolas Maduro speaking during a video conference meeting with global media correspondents, at Miraflores President...

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Ford temporarily closed factory after two COVID-19 cases

Ford temporarily closed factory after two COVID-19 cases

The reopening of auto plants will be a closely watched test of whether workers across a range of USA industries will be able to return to factories in large numbers without a resurgence of infections....

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Warren, Mnuchin Spar Over Coronavirus Funding Oversight During Senate Hearing

Warren, Mnuchin Spar Over Coronavirus Funding Oversight During Senate Hearing

Fed officials said that even after social-distancing requirements are eased, the effect of the virus might mean "some business models may no longer be economically viable". As Mnuchin noted Tuesday,...

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Wall St opens higher on hopes of economic recovery

Wall St opens higher on hopes of economic recovery

USA stock index futures climbed on Wednesday as investors clung to hopes of a recovery from a looming coronavirus-fueled recession amid signs of more central bank and government stimulus for ailing se...

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China Targets Australia for Virus Probe

China Targets Australia for Virus Probe

China was Australia's largest barley market, buying half the country's barley exports in a trade worth about A$917 million ($600 million) a year. The resumption of business and social life across ...

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Unemployment Claims in Britain Jumped by 69% in April | coronavirus

Unemployment Claims in Britain Jumped by 69% in April | coronavirus

Thérèse Coffey, Secretary of State at the Department for Work and Pensions, told the BBC the United Kingdom need to be prepared for a significant increase in unemployment, adding the government is par...

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Virus forces 17pc drop in global emissions

Virus forces 17pc drop in global emissions

A United Nations report last year said emissions needed to drop by 7.6 per cent a year to keep the temperature rise to below 1.5C. Without the existence of real-time monitoring of CO2, scientists us...

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Samsung to support 5 new startups by company workers - CRN

Samsung to support 5 new startups by company workers - CRN

Blockbuster is a video editing application. Haxby is an AI-based smart study service that records incorrect answers from workbooks and recommends worksheets based on the learner's ability level. ...

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Walmart becomes a lifeline and online sales surge 74%

Walmart becomes a lifeline and online sales surge 74%

The acquisition was seen as an attempt to directly compete with Amazon in the pure-play e-commerce market. Jet.com went through a number of changes over the years and initially operated independently....

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Qantas eyes domestic reboot without social distancing

Qantas eyes domestic reboot without social distancing

That's due to the fact that air in the cabin runs through with hospital-grade HEPA filters, which remove 99.9 per cent of all particles including viruses. In China, regulations are in place that mean ...

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New Coronavirus Vaccine Candidate Shows Promise In Early, Limited Trial

New Coronavirus Vaccine Candidate Shows Promise In Early, Limited Trial

Testing for neutralizing antibodies is more time-consuming than other antibody tests and must be done in a biosecurity level 3 laboratory. Though so far no recommended treatment or method of preve...

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United Kingdom tells the European Union to budge on free trade deal - Gove says

United Kingdom tells the European Union to budge on free trade deal - Gove says

It comes after Michel Barnier, the EU's chief negotiator, launched another blistering attack on Boris Johnson's government on Friday, saying: "The UK will have to be more realistic... A potential ...

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Johnson & Johnson to stop selling talc-based baby powder in US, Canada

Johnson & Johnson to stop selling talc-based baby powder in US, Canada

Kathleen Widmer, chairman of the company's North America consumer unit, said it was a "commercial decision" to discontinue the sale of the baby powder. It said in October that its testing had found ...

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Mnuchin defends U.S. fiscal response to coronavirus

Mnuchin defends U.S. fiscal response to coronavirus

On Tuesday, Powell and Mnuchin provided their first assessment of the economic stimulus programs implemented as part of the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) A...

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China Threatens to Put American Tech Giants on Its 'Unreliable Entity List'

China Threatens to Put American Tech Giants on Its 'Unreliable Entity List'

The US Commerce Department states explicitly that it aims to "strategically target Huawei's acquisition of semiconductors that are the product of certain US software and technology". The Trump admin...

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Facebook to launch new shopping feature across apps

Facebook to launch new shopping feature across apps

Businesses that have the checkout feature enabled will be able to finalise transactions within the app, and Facebook says it will extend the new ecommerce tool to allow users to view a business' sh...

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Vaccine trial by Moderna shows promising early results

Vaccine trial by Moderna shows promising early results

The U.S. government in April placed a big bet on Moderna, backing its vaccine with $483 million from the Biomedical Advanced Research and Development Authority (BARDA), a part of the U.S. Several larg...

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Japan Q1 GDP marks 2nd straight quarter of contraction

Japan Q1 GDP marks 2nd straight quarter of contraction

Analysts warn of an even bleaker picture for the current quarter as consumption crumbled after the government in April requested citizens to stay home and businesses to close, intensifying the challen...

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James Dyson's axed electric auto project cost him £500 million

James Dyson's axed electric auto project cost him £500 million

His fortune is estimated at £16.2 billion. The vacuum maker sought a buyer for the project last October, but was unsuccessful, the company said in a statement at the time . A Tesla Model S can go 6...

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Coronavirus job retention scheme extended by one month

Coronavirus job retention scheme extended by one month

They can apply to join the scheme from Monday. "This extension means that firms will no longer be forced to issue redundancy notices over the next few to days to comply with 45-day consultation requ...

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