Money
British insurers stop offering travel insurance to new customers
- March 15, 2020
LV=, which used to be known as Liverpool Victoria, is primarily a provider of home and motor cover , with five million accounts, but sells a small number of travel insurance policies. A report by The Independent cited a company spokesperson as stating: "Following a review of Aviva's travel insurance, we have made a decision to adjust our cover to reflect the current risks posed by coronavirus". (more...)
- March 15, 2020
LV=, which used to be known as Liverpool Victoria, is primarily a provider of home and motor cover , with five million accounts, but sells a small number of travel insurance policies. A report by The Independent cited a company spokesperson as stating: "Following a review of Aviva's travel insurance, we have made a decision to adjust our cover to reflect the current risks posed by coronavirus". (more...)
Stocks Tumble With Investors Losing Faith in Trump: Markets Wrap
- March 15, 2020
All three major US equity gauges fell more than 9 per cent, with the Dow Jones Industrial Average and S&P 500 losing the most since Black Monday more than three decades ago. The bank called on either the Federal Reserve or Treasury to act quickly to stabilise the market. "It is very conceivable that the full boost from such measures will only really kick in just as activity rebounds, with pent up demand leading to a turbo-charged recovery in the second half of the year in the wake of an ... (more...)
- March 15, 2020
All three major US equity gauges fell more than 9 per cent, with the Dow Jones Industrial Average and S&P 500 losing the most since Black Monday more than three decades ago. The bank called on either the Federal Reserve or Treasury to act quickly to stabilise the market. "It is very conceivable that the full boost from such measures will only really kick in just as activity rebounds, with pent up demand leading to a turbo-charged recovery in the second half of the year in the wake of an ... (more...)
Coronavirus Budget package well created to protect from short-term impact
- March 15, 2020
He said: "All the economic forecasts on which the core Budget was based were put together before any significant effect of the coronavirus was accounted for, and were therefore out of date at the moment of publication". 'A recession this year is quite possible if the spread of coronavirus causes widespread economic disruption, it said. As of Friday, the United Kingdom has registered 590 confirmed coronavirus cases, with 10 fatalities. (more...)
/arc-anglerfish-arc2-prod-expressandstar-mna.s3.amazonaws.com/public/JHXVNBZZJFHN5JDKC4MOMC5IQI.jpg)
- March 15, 2020
He said: "All the economic forecasts on which the core Budget was based were put together before any significant effect of the coronavirus was accounted for, and were therefore out of date at the moment of publication". 'A recession this year is quite possible if the spread of coronavirus causes widespread economic disruption, it said. As of Friday, the United Kingdom has registered 590 confirmed coronavirus cases, with 10 fatalities. (more...)
First Colorado COVID-19 Death Revealed
- March 15, 2020
Of those who've tested positive since the first case, confirmed on March 5, eight were hospitalized, with three said to be in critical condition, including the woman in El Paso County who has since passed away. Any gathering of over 250 people should be canceled, the governor said. "I will continue working with Governor Polis, the Colorado Congressional delegation, and our local partners to ensure that we are doing everything we can to combat the coronavirus and keep Coloradans safe". (more...)
- March 15, 2020
Of those who've tested positive since the first case, confirmed on March 5, eight were hospitalized, with three said to be in critical condition, including the woman in El Paso County who has since passed away. Any gathering of over 250 people should be canceled, the governor said. "I will continue working with Governor Polis, the Colorado Congressional delegation, and our local partners to ensure that we are doing everything we can to combat the coronavirus and keep Coloradans safe". (more...)
Facebook shuts Seattle office after contractor gets coronavirus
- March 15, 2020
This week, Amazon.com Inc. also notified employees of the first confirmed case of coronavirus among its USA workforce, at its South Lake Union office complex in Seattle. Seattle so far has been the most affected state in the U.S. to have been affected by corinavirus. Google, Microsoft, Twitter and Facebook have also asked employees in the Seattle area to work from home. (more...)
- March 15, 2020
This week, Amazon.com Inc. also notified employees of the first confirmed case of coronavirus among its USA workforce, at its South Lake Union office complex in Seattle. Seattle so far has been the most affected state in the U.S. to have been affected by corinavirus. Google, Microsoft, Twitter and Facebook have also asked employees in the Seattle area to work from home. (more...)
Bank Of Canada Cuts Prime Rate Again
- March 14, 2020
Morneau said Canada has the "strongest and most resilient banking system in the world", which is what allowed the country stay afloat during the financial crisis of 2008. He said help would be targeted to vulnerable Canadians, as well as help to small businesses and workers who see disruptions in their earnings. On Thursday, the Toronto Stock Exchange had its worst one-day move since 1940, while the major USA indices fell into a bear market. (more...)
- March 14, 2020
Morneau said Canada has the "strongest and most resilient banking system in the world", which is what allowed the country stay afloat during the financial crisis of 2008. He said help would be targeted to vulnerable Canadians, as well as help to small businesses and workers who see disruptions in their earnings. On Thursday, the Toronto Stock Exchange had its worst one-day move since 1940, while the major USA indices fell into a bear market. (more...)
Stocks surge on Wall Street after Thursday's crash
- March 14, 2020
South Korea's Kospi dipped 3.9% to 1,834.33. Oil prices shot higher after Trump, in the same speech, said that the United States would take advantage of the recent sharp decline in prices to fill the USA strategic reserves of oil "right up to the top". (more...)
- March 14, 2020
South Korea's Kospi dipped 3.9% to 1,834.33. Oil prices shot higher after Trump, in the same speech, said that the United States would take advantage of the recent sharp decline in prices to fill the USA strategic reserves of oil "right up to the top". (more...)
Australia unveils $11B stimulus
- March 14, 2020
A one-off stimulus payment of $750 for people receiving benefit payments. "If they are struggling with their business because they've got no customers. The prime minister pointed to these when asked what support there would be for solo business people who saw trade drop off or who got sick themselves. (more...)
- March 14, 2020
A one-off stimulus payment of $750 for people receiving benefit payments. "If they are struggling with their business because they've got no customers. The prime minister pointed to these when asked what support there would be for solo business people who saw trade drop off or who got sick themselves. (more...)
Fed to add $1.5 trillion in 'temporary liquidity' to Wall Street
- March 14, 2020
Bank Wealth Management. The largest in the world, it can run smoothly as bond demand increases with investors desperately seeking safe assets amid the stock carnage. Some analysts said that governments in the USA and Europe needed to do more through tax and spending policies. Earlier in the day, the European Central Bank implemented new targeted stimulus measures to cushion the impact of the virus outbreak on the economy. (more...)
- March 14, 2020
Bank Wealth Management. The largest in the world, it can run smoothly as bond demand increases with investors desperately seeking safe assets amid the stock carnage. Some analysts said that governments in the USA and Europe needed to do more through tax and spending policies. Earlier in the day, the European Central Bank implemented new targeted stimulus measures to cushion the impact of the virus outbreak on the economy. (more...)
Delta Cuts Flights by Most Ever, Seeks US Aid Amid Coronavirus
- March 14, 2020
The plunge in travel associated with the coronavirus is hitting airlines hard. American Airlines is also in discussions, a spokeswoman said. The waiver is now in effect until through May 31, 2020, for both US and foreign airlines, although the agency stated that it "expects that USA carriers will be accommodated with reciprocal relief by foreign authorities at airports in their countries, and may determine not to grant a waiver to a foreign carrier whose home jurisdiction does not ... (more...)
- March 14, 2020
The plunge in travel associated with the coronavirus is hitting airlines hard. American Airlines is also in discussions, a spokeswoman said. The waiver is now in effect until through May 31, 2020, for both US and foreign airlines, although the agency stated that it "expects that USA carriers will be accommodated with reciprocal relief by foreign authorities at airports in their countries, and may determine not to grant a waiver to a foreign carrier whose home jurisdiction does not ... (more...)
Ryanair suspends all Italian flights until 8 April
- March 14, 2020
Public spaces such as museums, schools, and pools will all be shut until further notice and Italians have been told to travel only for work, health, or emergencies. Both airlines say they have contacted affected passengers. University College London biology professor, Dr Francis Balloux said, "The trajectory of the epidemic in the United Kingdom is so far roughly comparable to the one in Northern Italy, but with the epidemic in Northern Italy two to three weeks ahead of the situation in the ... (more...)
- March 14, 2020
Public spaces such as museums, schools, and pools will all be shut until further notice and Italians have been told to travel only for work, health, or emergencies. Both airlines say they have contacted affected passengers. University College London biology professor, Dr Francis Balloux said, "The trajectory of the epidemic in the United Kingdom is so far roughly comparable to the one in Northern Italy, but with the epidemic in Northern Italy two to three weeks ahead of the situation in the ... (more...)
Saudi Arabia floods globe to squeeze Russia's share of oil market
- March 14, 2020
It may be the Armageddon, a time of catastrophic conflict for crude oil-producing nations if allowed to become a festering sore. Goldman Sachs said it now expected a record oil surplus of six million barrels per day (bpd) by April , in a global market that usually consumes about 100 million bpd. (more...)
- March 14, 2020
It may be the Armageddon, a time of catastrophic conflict for crude oil-producing nations if allowed to become a festering sore. Goldman Sachs said it now expected a record oil surplus of six million barrels per day (bpd) by April , in a global market that usually consumes about 100 million bpd. (more...)
International Monetary Fund staff member at Washington headquarters diagnosed with COVID-19
- March 14, 2020
The IMF managing director, Kristalina Georgieva, "has stated that countries affected by #COVID19 will be supported via Rapid Financial Instrument". No World Bank Group staff or consultants have tested positive for the coronavirus, and the multilateral development lender remains fully operational, a bank spokesman said. (more...)
- March 14, 2020
The IMF managing director, Kristalina Georgieva, "has stated that countries affected by #COVID19 will be supported via Rapid Financial Instrument". No World Bank Group staff or consultants have tested positive for the coronavirus, and the multilateral development lender remains fully operational, a bank spokesman said. (more...)
Warren Buffett bars shareholders from Berkshire's meeting over virus
- March 14, 2020
Berkshire's annual meeting - which was slated for May 2 - has become a staple in the global business community. Berkshire's shareholder weekend typically attracts 40,000 or more people to Omaha, including 5,000 from China. "Events", Mr. Buffett wrote Friday, "have moved very fast since Berkshire issued its annual report on February 22". Many companies are moving annual meetings online to help contain the coronavirus outbreak, and a growing number of countries and cities worldwide are ... (more...)
- March 14, 2020
Berkshire's annual meeting - which was slated for May 2 - has become a staple in the global business community. Berkshire's shareholder weekend typically attracts 40,000 or more people to Omaha, including 5,000 from China. "Events", Mr. Buffett wrote Friday, "have moved very fast since Berkshire issued its annual report on February 22". Many companies are moving annual meetings online to help contain the coronavirus outbreak, and a growing number of countries and cities worldwide are ... (more...)
Dow falls 8.7 percent as United States stocks face another rout
- March 13, 2020
After the Dow Jones Industrial Average closed in a bear market for the first time in more than a decade, President Donald Trump said late Wednesday he would restrict travel to Europe in hopes of containing the virus. The death toll in the USA climbed to 39, with over 1,300 infections. The coronavirus has killed more than 4,700, but for most people causes only mild or moderate symptoms, such as fever and cough. (more...)
- March 13, 2020
After the Dow Jones Industrial Average closed in a bear market for the first time in more than a decade, President Donald Trump said late Wednesday he would restrict travel to Europe in hopes of containing the virus. The death toll in the USA climbed to 39, with over 1,300 infections. The coronavirus has killed more than 4,700, but for most people causes only mild or moderate symptoms, such as fever and cough. (more...)
Wall Street tumbles on lack of stimulus details, Dow Jones slips 3.1%
- March 13, 2020
While the EIA still sees a slight uptick in demand for 2020, the Paris-based International Energy Agency said on Monday that it now believes annual oil demand this year will fall for the first time since the global financial crisis. Declining issues outnumbered advancers for a 11.03-to-1 ratio on the NYSE and a 6.23-to-1 ratio on the Nasdaq . Australia's S&P/ASX 200 dropped 3.6% to enter a bear market, typically defined as a decline of at least 20% from a recent peak. (more...)
- March 13, 2020
While the EIA still sees a slight uptick in demand for 2020, the Paris-based International Energy Agency said on Monday that it now believes annual oil demand this year will fall for the first time since the global financial crisis. Declining issues outnumbered advancers for a 11.03-to-1 ratio on the NYSE and a 6.23-to-1 ratio on the Nasdaq . Australia's S&P/ASX 200 dropped 3.6% to enter a bear market, typically defined as a decline of at least 20% from a recent peak. (more...)
Australia launches court action against Facebook for privacy law breach
- March 13, 2020
The now British defunct firm, Cambridge Analytica was previously accused of conducting surveys for collecting personal information and misusing them for political campaigns. Only around 53 Australian users had installed the app . The Australian Information Commissioner lodged proceedings against Facebook in the Federal Court on Monday. (more...)
- March 13, 2020
The now British defunct firm, Cambridge Analytica was previously accused of conducting surveys for collecting personal information and misusing them for political campaigns. Only around 53 Australian users had installed the app . The Australian Information Commissioner lodged proceedings against Facebook in the Federal Court on Monday. (more...)
Princess Cruises suspends voyages for 60 days over coronavirus
- March 13, 2020
Shortly after the prohibition was imposed, Princess Cruises , a unit of Carnival Corp., announced a voluntary pause in global ship operations for 60 days. That's 73 river cruise ships and 24 ocean ships, parked up, idle for two months. About 700 passengers on the operator's Diamond Princess vessel were infected, leading to the death of at least six passengers. (more...)
- March 13, 2020
Shortly after the prohibition was imposed, Princess Cruises , a unit of Carnival Corp., announced a voluntary pause in global ship operations for 60 days. That's 73 river cruise ships and 24 ocean ships, parked up, idle for two months. About 700 passengers on the operator's Diamond Princess vessel were infected, leading to the death of at least six passengers. (more...)
Google Tells All 100,000 North American Employees to Work from Home
- March 13, 2020
Google employs some 120,000 people worldwide. Google CEO Sundar Pichai has advised all employees of the company in Africa, Europe, Middle East and North America to work from home to further stop the spread of the coronavirus. Last week, Google announced that a reduced schedule would pay compensation to affected employees, such as coffee shop staff, who would work full-time coronavirus without interruption. (more...)
- March 13, 2020
Google employs some 120,000 people worldwide. Google CEO Sundar Pichai has advised all employees of the company in Africa, Europe, Middle East and North America to work from home to further stop the spread of the coronavirus. Last week, Google announced that a reduced schedule would pay compensation to affected employees, such as coffee shop staff, who would work full-time coronavirus without interruption. (more...)
Two-legged pup named Lieutenant Dan is a finalist for Cadbury Bunny
- March 12, 2020
Fans have the chance to vote on Cadbury's website . You can vote daily until March 18 and follow his Instagram and Facebook . The victor is determined by America's vote. Lunchbox was a stray that was found by the Oklahoma Humane Society . Along with taking hours of acting classes, the pudgy pussycat is also working on slimming down from 23 pounds to a healthier weight, reports KOKH , while he waits for a forever home and fame. (more...)
- March 12, 2020
Fans have the chance to vote on Cadbury's website . You can vote daily until March 18 and follow his Instagram and Facebook . The victor is determined by America's vote. Lunchbox was a stray that was found by the Oklahoma Humane Society . Along with taking hours of acting classes, the pudgy pussycat is also working on slimming down from 23 pounds to a healthier weight, reports KOKH , while he waits for a forever home and fame. (more...)
Latest news
Fed's Powell: Evictions, mortgage defaults could increase without further fiscal support