Finance

Eurozone economy took record hit in March: IHS Markit

Sterling slid 1.1% against the dollar ( GBPUSD=X ) to below $1.23 at around midday on Friday. The freefall brought the index to its lowest level since the su...


Google Releases User Location Data Showing Affects of Social Distancing

Google has found that the only place that has witnessed a surge is people's houses as they're staying at home. "The Community Mobility Reports were develop...


Liverpool challenged by Spirit of Shankly fan group over staff furlough

They spent £43m on agents' fees previous year. This has certainly come as a surprise for most of the Reds fans , given the club's strong financial situation ...


Payrolls fell by 701,000 in March, first jobs decline since 2010

The US has added jobs month after month since the end of the last recession and until the coronavirus pandemic struck employers had struggled to fill open p...


Global virus deaths top 60000, Trump warns of 'tough week' ahead

Several Western countries including the U.S. have encouraged the use of masks in public despite earlier saying that only carers needed to cover their faces - a ...


Amazon plans to delay Prime Day due to COVID-19

Amazon is reportedly postponing its summer blowout sales event, Prime Day , until at least August due to the ongoing coronavirus crisis. Unfortunately, t...


Ryanair insists it will still fly into profit this year despite pandemic

But it still expects to report pre-tax profits of between €950m (£831m) and €1bn for the year ending March 31 - even though traffic fell by almost 50pc last mon...


Trudeau Confident In Country's Ability To Access Medical Supplies

The company was singled out for criticism Thursday by President Donald Trump , who has invoked the Defense Production Act to compel 3M to prioritize the Americ...


White House commits to sending stimulus checks within 2 weeks

The agency stated as part of its summary that the additional aid will be offered within the fundamental eligibility requirements that previously governed state ...


Ministry pulls down embarrassing tweet begging South Africa's Musk for ventilators

Ukraine has asked Tesla Inc Chief Elon Musk to send them ventilators after he offered to ship them across the world in the wake of the coronavirus pandemic...


Target to Limit Number of Customers in Stores

Effective April 4, Target will actively monitor and, when needed, meter guest traffic in its almost 1,900 stores nationwide to promote social distancing. Other ...


ADB forecasts Pakistans GDP to shrink, sees rise in inflation in 2020

The report forecasts regional growth of 2.2 percent in 2020, down more than three percent from earlier predictions. However, ADB's growth outlook for the Phil...


Trump invokes Defense Production Act to 'facilitate the supply' of ventilator equipment

The company makes about 1 billion such masks annually in plants around the world. 3M says it has doubled its worldwide production since January to a rate of...


Many Americans may have to wait months for coronavirus relief checks

The bill will provide one-time payments of up to $1,200 to adults and $500 per child. Who qualifies for a stimulus check payment? Those with an adjusted g...


Forgivable loans for small businesses affected by COVID-19 available Friday

The CARES Act expands the ability to obtain loans under Section 7 (a) of the Small Business Act through a new $ 349 billion Paycheck Protection Program . Thi...


As parks stay vacant, Disney will furlough thousands of employees

One of the largest companies in the world, this decision will leave thousands of Disney employees on unpaid furlough . According to Disney, those furloughed ...


Jobless benefit claims in Washington continue to skyrocket

More than 6.6 million people filed jobless claims in the week ended 28 March, the Department of Labor said. Over the last two weeks, more than 362,000 workers i...


New Payroll Protection Program for Small Business

How much money can small businesses get? That amount is subject to a $10 million cap. Importantly, as many businesses have already slashed jobs, companies wil...


Saudis flood crude markets, defying Trump's plea to end price war

That social media post, boasting how the kingdom will "rise to supply energy", appeared to be a riposte to U.S. Secretary State Michael Pompeo, who last week ur...


Unemployment Rises By 300% In Florida, To Record Levels Across U.S.

The employment department said this week it is taking more than a week to file initial claims. Leisure and hospitality jobs represented about a third of the n...


China Releases Data on Asymptomatic Coronavirus Cases

Trump questioned the novel coronavirus numbers coming out of China after Bloomberg reported that a classified US intelligence report concluded that the co...


Marriott discloses data breach affecting 5.2 million guests

Marriott said this unexpected amount of information was accessed using the login credential of two employees with an application built to provide guest servic...


Saudi oil supply hits record high despite United States pressure

Trump also said he has invited US oil executives to the White House to discuss ways to help the industry "ravaged" by slumping energy demand during the coron...


US Intelligence Concludes China Is Lying About Coronavirus

The White House or any Chinese official was yet to comment on the report . US Vice President Mike Pence criticized Beijing's role in the crisis during an int...


Iraq's oil income falls by 40% in March

President Donald Trump to dial back the oil-price war with Russian Federation. "I expect & hope that they will be cutting back approximately 10 Million Barr...


Walmart announces new work safety measures

She told NPR's National Conversation with All Things Considered on Friday that she lives with her elderly parents, who are in the high-risk category for C...


COVID-19 worst crisis since World War II, says UN chief

Skepticism about China's numbers has swirled throughout the crisis, fueled by official efforts to quash bad news in the early days and a general distrust of the...


Oil Edges Up as Drillers Discuss Output After Worst Quarter Ever

President Donald Trump said Russian Federation and Saudi Arabia are in discussions over how to end the oil price war that has undermined global markets an...


Microsoft divests from Israeli facial-recognition tech used in military checkpoints

The decision underlines a policy change for the Redmond , Washington stationed software manufacturer, which has aimed to form how the tech sector uses facial ...


Coronavirus: S&P 500 headed for worst first quarter since 1938

The hope is that massive aid coming from the Federal Reserve and Capitol Hill can help prop up the economy in the meantime. "It's hard to envision the equity ...


Spain reports 8,189 deaths and 94,417 Covid-19 cases

In Italy, the hardest-hit country in Europe, the cumulative number of cases reached 101,739, while the death toll rose to 11,591. Healthcare workers wearing p...


Walmart Starts Taking All Employees' Temperatures

Walmart will begin taking the temperatures of its workers when they report to work. It's employees are putting their health on the line to serve shoppers, an...


COVID-19: China’s growth could come to a screeching halt

The pandemic is causing an unprecedented global shock, which could bring growth to a halt. A senior official at the World Health Organization warned that the ...


Air Canada lays off 16500; cuts capacity amid pandemic struggle

Aside from the headcount reductions, Air Canada said Rovinescu and deputy chief executive Michael Rousseau are giving up their base salaries, while other senior...


Instacart buyers plan pandemic treatment strike

Some Instacart shoppers are planning to strike on Monday, accusing the company of not providing them enough protections during the coronavirus pandemic. The g...