Money
Business rates Chancellor announcement coronavirus
- March 20, 2020
To ensure you are added to our list of thousands of subscribers across the Gloucestershire business community, fill in the form below. The "unprecedented" measures are part of government plans to protect people's jobs, he says. In an unprecedented step, Sunak said the state would pay grants covering up to 80% of the salary of workers kept on by companies, up to a total of £2,500 per month, just above the median income. (more...)
- March 20, 2020
To ensure you are added to our list of thousands of subscribers across the Gloucestershire business community, fill in the form below. The "unprecedented" measures are part of government plans to protect people's jobs, he says. In an unprecedented step, Sunak said the state would pay grants covering up to 80% of the salary of workers kept on by companies, up to a total of £2,500 per month, just above the median income. (more...)
Walmart Canada to hire 10000 staff to meet surging demand
- March 20, 2020
The new employees will be hired on a temporary basis, but many could convert to permanent roles, John Furner, president and CEO of Walmart U.S. said in a letter to employees . "We know millions of Americans who are usually employed at this time are temporarily out of work, and at the same time we're now seeing strong demand in our stores", said Walmart CEO Doug McMillon. (more...)
- March 20, 2020
The new employees will be hired on a temporary basis, but many could convert to permanent roles, John Furner, president and CEO of Walmart U.S. said in a letter to employees . "We know millions of Americans who are usually employed at this time are temporarily out of work, and at the same time we're now seeing strong demand in our stores", said Walmart CEO Doug McMillon. (more...)
Australia cuts benchmark interest rate to record low 0.25%
- March 20, 2020
Australian authorities have been ramping up their financial response to the coronavirus outbreak amid fears it will tip the country into its first recession in almost three decades and lead to a surge in unemployment. The RBA has announced it will continue doing this, and in addition it will now conduct longer-term repo operations of six-month maturity or longer at least weekly, as long as market conditions warrant. (more...)
- March 20, 2020
Australian authorities have been ramping up their financial response to the coronavirus outbreak amid fears it will tip the country into its first recession in almost three decades and lead to a surge in unemployment. The RBA has announced it will continue doing this, and in addition it will now conduct longer-term repo operations of six-month maturity or longer at least weekly, as long as market conditions warrant. (more...)
Canada's major banks committed to take action during COVID-19 outbreak
- March 20, 2020
Canada's largest lenders have also been swift to slash their prime rates, with the Big Six cutting the benchmark rate 50 basis points for the second time in less than two weeks Monday, to 2.95 per cent from 3.45 per cent. Canada's six biggest banks are closing some branches and reducing operating hours at others in an effort to promote social distancing and control the spread of Covid-19. (more...)
- March 20, 2020
Canada's largest lenders have also been swift to slash their prime rates, with the Big Six cutting the benchmark rate 50 basis points for the second time in less than two weeks Monday, to 2.95 per cent from 3.45 per cent. Canada's six biggest banks are closing some branches and reducing operating hours at others in an effort to promote social distancing and control the spread of Covid-19. (more...)
US Crude Climbs After White House Comments On Saudi-Russia Dispute
- March 20, 2020
Prices are still down nearly 60 per cent this year, with the slide accelerating following a failed OPEC + meeting in early March, after which major producers pledged to pump more in a battle for market share just as the coronavirus crisis crushes demand. (more...)
- March 20, 2020
Prices are still down nearly 60 per cent this year, with the slide accelerating following a failed OPEC + meeting in early March, after which major producers pledged to pump more in a battle for market share just as the coronavirus crisis crushes demand. (more...)
Trading Halted on Wall Street as Markets Struggle with Coronavirus Pandemic
- March 20, 2020
Trading will pause again if the index drops 13% during Wednesday's session - a drop of that magnitude would bring the S&P to 2,200.39. The potential loss of demand in March-April may dwarf anything the world has ever seen, just when OPEC-Plus producers open the floodgates of new supply to the market. (more...)
- March 20, 2020
Trading will pause again if the index drops 13% during Wednesday's session - a drop of that magnitude would bring the S&P to 2,200.39. The potential loss of demand in March-April may dwarf anything the world has ever seen, just when OPEC-Plus producers open the floodgates of new supply to the market. (more...)
Stocks spike as central banks throw kitchen sink at virus
- March 20, 2020
Buying under the new Pandemic Emergency Purchase Programme will be conducted until the end of 2020 and include Greek government debt , whose low credit rating had until now excluded it from European Central Bank purchases. By massively buying up government and corporate debt, the ECB aims to keep liquidity flowing in a bid to encourage bank lending and investment. "The governing council will do everything necessary within its mandate", it said in its statement, adding that the size of the ... (more...)
- March 20, 2020
Buying under the new Pandemic Emergency Purchase Programme will be conducted until the end of 2020 and include Greek government debt , whose low credit rating had until now excluded it from European Central Bank purchases. By massively buying up government and corporate debt, the ECB aims to keep liquidity flowing in a bid to encourage bank lending and investment. "The governing council will do everything necessary within its mandate", it said in its statement, adding that the size of the ... (more...)
Australia embarks on QE, cuts rates to record lows
- March 20, 2020
The Aussie was last down 3.2% at $0.5584 while yields on three-year government bonds were last at 0.485%, almost double the RBA's target. The moves also helped lift the Australian dollar after it briefly collapsed to $0.5510, the lowest since late 2002. (more...)
- March 20, 2020
The Aussie was last down 3.2% at $0.5584 while yields on three-year government bonds were last at 0.485%, almost double the RBA's target. The moves also helped lift the Australian dollar after it briefly collapsed to $0.5510, the lowest since late 2002. (more...)
No, coronavirus wasn’t created by bio-terrorists in a lab
- March 19, 2020
The scientists say that, in this situation, the epidemic would most likely have emerged as soon as humans were infected as SARS-CoV-2. Why? A second severe disease outbreak began in 2012 in Saudi Arabia with the Middle East Respiratory Syndrome (MERS). (more...)
- March 19, 2020
The scientists say that, in this situation, the epidemic would most likely have emerged as soon as humans were infected as SARS-CoV-2. Why? A second severe disease outbreak began in 2012 in Saudi Arabia with the Middle East Respiratory Syndrome (MERS). (more...)
Wall Street swings up and down as volatility retains grip
- March 19, 2020
The S&P 500 and the Nasdaq similarly were both up by slightly less than 1% and 2%, respectively, during intraday trading. The Nasdaq Composite Index pulled back 344.94 points, or 4.70 percent, to 6,989.84. Wednesday's slide came despite Washington's massive stimulus plan to counter the virus impact. "We have had some pretty bold moves by the Fed in the last week or two and majority have had a very short-lived impact on the market so hopefully this one will help", said Randy ... (more...)
- March 19, 2020
The S&P 500 and the Nasdaq similarly were both up by slightly less than 1% and 2%, respectively, during intraday trading. The Nasdaq Composite Index pulled back 344.94 points, or 4.70 percent, to 6,989.84. Wednesday's slide came despite Washington's massive stimulus plan to counter the virus impact. "We have had some pretty bold moves by the Fed in the last week or two and majority have had a very short-lived impact on the market so hopefully this one will help", said Randy ... (more...)
Marriott International : Begins Furloughing Tens of Thousands of Employees
- March 19, 2020
The hotelier said it is shuttering some properties and would need fewer employees at the ones that remain open. "We are adjusting global operations accordingly which has meant either reduction in hours or a temporary leave for many of our associates at our properties". (more...)
- March 19, 2020
The hotelier said it is shuttering some properties and would need fewer employees at the ones that remain open. "We are adjusting global operations accordingly which has meant either reduction in hours or a temporary leave for many of our associates at our properties". (more...)
COVID-19: Amazon Worker At NYC Delivery Station Tests Positive
- March 19, 2020
The company said last week that all employees diagnosed with COVID-19 or placed in quarantine would receive two weeks of sick pay. Amazon did not disclose how many people work at the Queens facility. With a huge number of people in the USA now working from home and practicing social distancing in efforts to reduce the spread of the virus that causes COVID-19, Amazon has seen a massive flood of orders. (more...)
- March 19, 2020
The company said last week that all employees diagnosed with COVID-19 or placed in quarantine would receive two weeks of sick pay. Amazon did not disclose how many people work at the Queens facility. With a huge number of people in the USA now working from home and practicing social distancing in efforts to reduce the spread of the virus that causes COVID-19, Amazon has seen a massive flood of orders. (more...)
Ford, GM Suspending North American Production To Stem Coronavirus Spread
- March 19, 2020
GM said on Tuesday an employee at its MI technical center tested positive for coronavirus . In addition, Ford vehicle manufacturing sites in Cologne and Saarlouis in Germany, together with the Craiova facility in Romania, will temporarily halt production starting Thursday. (more...)
- March 19, 2020
GM said on Tuesday an employee at its MI technical center tested positive for coronavirus . In addition, Ford vehicle manufacturing sites in Cologne and Saarlouis in Germany, together with the Craiova facility in Romania, will temporarily halt production starting Thursday. (more...)
Facebook to pay workers $1000 bonus for expenses help
- March 19, 2020
Menlo Park, California-based Facebook said that while those workers are also barred from coming into the office, the company will continue to pay them what they'd normally earn, even if they are unable to do their jobs from home. Facebook has an estimated 15,000 content moderators, working through third-party contractors. Facebook did not immediately respond to a request for comment. (more...)
- March 19, 2020
Menlo Park, California-based Facebook said that while those workers are also barred from coming into the office, the company will continue to pay them what they'd normally earn, even if they are unable to do their jobs from home. Facebook has an estimated 15,000 content moderators, working through third-party contractors. Facebook did not immediately respond to a request for comment. (more...)
SA Reserve Bank governor announces interest rate decision
- March 19, 2020
The pound extended gains, rising 1.5% to $1.1788. Meanwhile gilts rallied, with two year yields dropping 14 basis points to 0.21%. While it wants to avoid having to cut rates below zero to avoid hurting the banking system, Bailey indicated Wednesday that the BOE would continue to review that stance as events unfold. (more...)
- March 19, 2020
The pound extended gains, rising 1.5% to $1.1788. Meanwhile gilts rallied, with two year yields dropping 14 basis points to 0.21%. While it wants to avoid having to cut rates below zero to avoid hurting the banking system, Bailey indicated Wednesday that the BOE would continue to review that stance as events unfold. (more...)
How Trump's rhetoric has changed as coronavirus spread
- March 19, 2020
For those who don't follow POTUS on Twitter (which we certainly don't blame you for), he's been using the term " Chinese Virus " in several posts throughout the week, without a care to the Asian Americans across the states who are being bullied, mocked, and even attacked due to the outbreak . (more...)
- March 19, 2020
For those who don't follow POTUS on Twitter (which we certainly don't blame you for), he's been using the term " Chinese Virus " in several posts throughout the week, without a care to the Asian Americans across the states who are being bullied, mocked, and even attacked due to the outbreak . (more...)
Australia Will Close Its Borders to All Non-Citizens and Non-Residents
- March 19, 2020
This is the first time in history that the Australian government has placed such a restriction on its citizens, and the new policy is expected to be in place at least six months, according to CNA . It is also calling for concessional loans, wage subsidies for extended sick leave, and support for small businesses to invest in technology that will let their staff work from home. (more...)
- March 19, 2020
This is the first time in history that the Australian government has placed such a restriction on its citizens, and the new policy is expected to be in place at least six months, according to CNA . It is also calling for concessional loans, wage subsidies for extended sick leave, and support for small businesses to invest in technology that will let their staff work from home. (more...)
'Aggressive' scenes as hundreds queue outside supermarkets for dedicated elderly shopping hour
- March 19, 2020
So please respect these limits and only buy what you need to help as many Australians as possible access the products they need. Coles meantime has restricted the sale of the following items to two per customer: chilled milk (which includes all sizes of white dairy milk, plant-based non-dairy & goats milk sold chilled in our dairy fridges), eggs, chilled pasta, frozen vegetables and frozen desserts, mince, pasta, flour, dry rice, paper towels, paper tissues and hand sanitisers on its list. (more...)
- March 19, 2020
So please respect these limits and only buy what you need to help as many Australians as possible access the products they need. Coles meantime has restricted the sale of the following items to two per customer: chilled milk (which includes all sizes of white dairy milk, plant-based non-dairy & goats milk sold chilled in our dairy fridges), eggs, chilled pasta, frozen vegetables and frozen desserts, mince, pasta, flour, dry rice, paper towels, paper tissues and hand sanitisers on its list. (more...)
Dow sinks below levels from Trump inauguration
- March 19, 2020
Earlier on Wednesday, shares trading on the London, Frankfurt, and Paris bourses faced another day of huge losses, with key indices falling between five and six percent. On Wednesday, Ford and General Motors suspended production at their USA facilities to help slow the spread of the virus. The S&P 500, a broader measure of the USA stock market, tumbled more than 9% on Wednesday, leaving it up just 8% since Trump's 2016 election and up 2% from his inauguration. (more...)
- March 19, 2020
Earlier on Wednesday, shares trading on the London, Frankfurt, and Paris bourses faced another day of huge losses, with key indices falling between five and six percent. On Wednesday, Ford and General Motors suspended production at their USA facilities to help slow the spread of the virus. The S&P 500, a broader measure of the USA stock market, tumbled more than 9% on Wednesday, leaving it up just 8% since Trump's 2016 election and up 2% from his inauguration. (more...)
Americans: you have a new Hyundai and it looks rad
- March 19, 2020
It also gets a new coupe-inspired exterior design and a tech-focused cockpit created to lure in young buyers who want something other than a crossover . This gives the vehicle a combined output of up to 139 hp (104 kW / 141 PS) and 195 lb-ft (264 Nm) of torque. Hyundai claims the gasoline-powered Elantra will have class-leading fuel economy , but didn't have an exact figure to share. (more...)
- March 19, 2020
It also gets a new coupe-inspired exterior design and a tech-focused cockpit created to lure in young buyers who want something other than a crossover . This gives the vehicle a combined output of up to 139 hp (104 kW / 141 PS) and 195 lb-ft (264 Nm) of torque. Hyundai claims the gasoline-powered Elantra will have class-leading fuel economy , but didn't have an exact figure to share. (more...)
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