Economy

March unemployment in Vermont shows start of coronavirus impact

March unemployment in Vermont shows start of coronavirus impact

The total unemployment claims filed in the past several weeks indicate at least 7.2% of the state's labor force was knocked out of work within the course of a month. DOL statistics show that 10.6 perc...

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JLR requests £1 billion Government support package

JLR requests £1 billion Government support package

A spokeswoman said JLR is in "regular discussion with government on a whole range of matters". JLR a subsidiary of Tata Motors, is a giant of British industry, employing approximately 38,000 people....

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Crude oil prices fall as US-China tensions take toll

Crude oil prices fall as US-China tensions take toll

Meanwhile, financial investors betting on a rebound in oil helped lift prices with US crude rising 27 cents, or 0.81%, to $33.52 a barrel. "One big threat to the recovery in markets is the escalatin...

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China's foreign minister says coronavirus lawsuits 'illegal'

China's foreign minister says coronavirus lawsuits 'illegal'

China's defense ministry blasted a US plan to sell torpedoes to Taiwan. Sino-US ties have nosedived since the outbreak of the new coronavirus , with the administrations of President Donald Trump ...

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Sisolak to announce Phase 2 reopening plans on Tuesday

Sisolak to announce Phase 2 reopening plans on Tuesday

One okayed, the marquees and also the supervisors will invite individuals back to this 24/ 7 community developed for groups, enjoyment and also extra. At the neighboring Bellagio , Hornbuckle showed ...

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Stuff ownership to return to NZ after management buy-out

Stuff ownership to return to NZ after management buy-out

Nine chief executive Hugh Marks said in a statement to the ASX that Nine had always believed it was important for Stuff to have local ownership. Boucher said the transaction would give Stuff - as a ...

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Wall St opens flat on simmering US-China tensions

Wall St opens flat on simmering US-China tensions

China's proposed national security law would challenge the financial hub's autonomy and threatens to increase tensions with the U.S. Congress condemned the move, with senators promising an urgent push...

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Unemployment rate could remain in double digits through election: WH adviser

Unemployment rate could remain in double digits through election: WH adviser

Kevin Hassett , chairman of the White House Council of Economic Advisers, pauses while speaking to members of the media outside the White House in Washington, D.C., U.S., on Monday, June 3, 2019. "A...

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Remdesivir: Anti-viral drug effective against coronavirus, study finds

Remdesivir: Anti-viral drug effective against coronavirus, study finds

Even as India's tally of Novel Coronavirus Disease (COVID19) cases touched a new high of 6654, taking the total to 1,25,101, a new trial funded by the National Institutes of Health (NIH) in the Unit...

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Toronto officials say crowds eased at park flooded by thousands on Saturday

Toronto officials say crowds eased at park flooded by thousands on Saturday

Only four tickets were issued as the enforcement team continued to focus on educating people on the pandemic and the risks. Chief Mark Saunders was also seen at the park speaking with concerned resi...

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Shopify to let employees work from home permanently

Shopify to let employees work from home permanently

When those offices do reopen, most employees will continue to work from home. "Office centricity is over", Lutke said https://twitter.com/tobi/status/1263483496087064579 in the tweet. Lutke said Sho...

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Human trials of British COVID-19 vaccine to reach 10,000

Human trials of British COVID-19 vaccine to reach 10,000

Experts are moving to the next phase after completing immunizing process including more than 1,000 candidates. The trials have moved to the second phase of the study in which the vaccine will now be a...

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Burberry pulls dividend as luxury takes ‘time to heal’

Burberry pulls dividend as luxury takes ‘time to heal’

According to Burberry , new products now comprise about 85% of the mainline store assortment and there was "a strong consumer response" to the new collections, delivering double digit growth for th...

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Brewers Marston's and Carlsberg UK to merge in £780m joint venture

Brewers Marston's and Carlsberg UK to merge in £780m joint venture

Marston's , which has had to shut all its pubs due to the coronavirus crisis, said the partnership values its brewing business at up to 580 million pounds and Carlsberg UK's brewing business at 200 mi...

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Scientists recruiting over-55s for vaccine trial

Scientists recruiting over-55s for vaccine trial

British researchers testing an experimental vaccine against the new coronavirus are moving into advanced studies and aim to immunise more than 10,000 people to determine if the shot works. It is not...

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Air France retires Airbus A380 in coronavirus response

Air France retires Airbus A380 in coronavirus response

The German flag carrier announced the retirement of six of the fourteen Airbus A380 aircraft earlier, effectively ending A380 operations at Frankfurt for the airline. Three of the Eight aircraft a...

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Cadbury ends pantry vs fridge debate

Cadbury ends pantry vs fridge debate

Cadbury Australia confirmed what Bruno said, saying chocolate should always be stored in a slightly cool, dark place, like a cupboard: "Chocolate should always be stored in a slightly cool, dry, dark...

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Three more COVID-19-related deaths in Fraser Health region

Three more COVID-19-related deaths in Fraser Health region

Henry. There are now 41 people in acute care in hospital and eight are in critical care. There are now 14 long-term care and assisted-living facilities in the province with active outbreaks of the...

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New US jobless claims slow to 2.43 million in latest week

New US jobless claims slow to 2.43 million in latest week

Initial claims appeared to have passed their peak hit in late March, and the latest figure is down 249,000 from the almost 2.7 million claims file in the week ended May 9. Layoffs fueled by the corona...

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Washington scammed out of 'hundreds of millions' in unemployment benefits

Washington scammed out of 'hundreds of millions' in unemployment benefits

On May 16, the Tax Foundation released a map showing Washington state having the highest unemployment compensation claims in the USA as a percentage of the civilian workforce. It appears these sophist...

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Hertz vehicle rental has filed for bankruptcy protection amid COVID-19

Hertz vehicle rental has filed for bankruptcy protection amid COVID-19

Automotive News reported Hertz had until Friday to make $400 million in lease payments. Hertz's bankruptcy protection filing was hardly a surprise. Back in April, lenders were more willing to be ...

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WTI crude oil falls below US$14.50 as stockpiles rise

WTI crude oil falls below US$14.50 as stockpiles rise

The June WTI contract fell more than 18 percent to 20.43 per barrel. Oil prices were up around 10% on Thursday as some Asian countries start purchasing crude oil, which created a slight increase in ...

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Experimental coronavirus vaccine reaches advanced trial stages in United Kingdom

Experimental coronavirus vaccine reaches advanced trial stages in United Kingdom

The United States has secured nearly a third of the first 1 billion doses planned for AstraZeneca's experimental Covid-19 vaccine by pledging up to US$1.2 billion (RM5.22 billion), as world powers scr...

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Volkswagen apologizes, pulls Golf ad over racism outcry

Volkswagen apologizes, pulls Golf ad over racism outcry

German carmaker Volkswagen has pulled one of its commercials after receiving heavy backlash from viewers who said the advertisement was racist. According to CNN , the report showed a white ...

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US Senate passes bill that could delist some Chinese firms

US Senate passes bill that could delist some Chinese firms

It would also require companies to certify that they're not under the control of a foreign government . The measure must still pass the House of Representatives and be signed by President Trump to ...

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Weekly Jobless Claims Grind Lower but Backlogs, Layoffs Linger

Weekly Jobless Claims Grind Lower but Backlogs, Layoffs Linger

The Labor Department reported Thursday that 2.44 million Americans filed for first-time benefits in the week that ended May 16, bringing the total to some 38.6 million workers in the nine weeks since ...

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S&P/TSX composite edges higher as US stock markets fall; Loonie down

S&P/TSX composite edges higher as US stock markets fall; Loonie down

Canada's main stock index capped a good week by moving slightly higher Friday amid escalating tensions between the USA and China. The S&P 500 has gained 3% this week while the NASDAQ Composite is ...

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Facebook Wants Remote Working to Become Permanent

Facebook Wants Remote Working to Become Permanent

Facebook is more prepared to deal with potential state-sponsored interference in the upcoming 2020 USA presidential election than it was four years ago, CEO Mark Zuckerberg has claimed in an interview...

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Canadian cannabis giant enters U.S. market

Canadian cannabis giant enters U.S. market

It also comes at a time when USA hemp farmers face a glut of supply in the market, which has impacted several CBD companies operating in the country. Focus on regulatory, testing and compliance prot...

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Oil prices mixed as Brent retreats on profit-taking after rally

Oil prices mixed as Brent retreats on profit-taking after rally

Hossein Kazempour Ardebili, who died on Saturday, was one of the ultimate OPEC negotiators.Crude futures rose 2.4% to 265.8 yuan a barrel on the Shanghai International Energy Exchange after climbing 4...

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Countries Decry Beijing’s Move to Tighten Grip Over Hong Kong

Countries Decry Beijing’s Move to Tighten Grip Over Hong Kong

U.S. senators on Thursday also introduced legislation to impose sanctions on any entity involved in curbing Hong Kong's autonomy. NPR's Emily Feng is following all this from Beijing . It secured the ...

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China proposes law to tighten its grip on Hong Kong

NPR's Emily Feng is following all this from Beijing. INSKEEP: What's in this legislative proposal? These are really general terms that could be applied widely to everyone from protesters to politici...

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India cuts interest rates to shore up Covid-19 ravaged economy

India cuts interest rates to shore up Covid-19 ravaged economy

RBI announced voluntary retention route for FPIs and allowed extension of 3 months to meet 75% utilisation of investment limits. He added that the lending institutions are being permitted to restore t...

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RBI slashes benchmark lending rate by 40 basis points

RBI slashes benchmark lending rate by 40 basis points

The governor announced a cut in the repo rate by 40 basis points (bps) to 4 per cent , while the reverse repo rate was simultaneously reduced to 3.35 per cent. 4 per cent to 4 per cent . This i...

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Facebook Shifting to Permanent Work-From-Home Status for Many Employees

Facebook Shifting to Permanent Work-From-Home Status for Many Employees

Speaking at an internal employee town hall meeting livestreamed on Facebook , Zuckerberg said the company will take a "more measured approach to opening permanent remote work for existing employees"....

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