Money


Tech giants forced to pay up for news content Tech giants forced to pay up for news content
- April 20, 2020

The code was to require the companies to negotiate in good faith on how to pay news media for use of their content, advise news media in advance of algorithm changes that would affect content rankings, favour original source news content in search page results, and share data with media companies. (more...)
United Kingdom throws coronavirus lifeline to more big businesses United Kingdom throws coronavirus lifeline to more big businesses
- April 20, 2020

The move extends the existing Coronavirus Business Interruption Loan Scheme ( CBILS ) from its remit of helping small businesses with turnover of up to £45m, which was later changed to allow larger firms to borrow up to £25m. Because of this, many viable giant companies had been excluded from the federal government's monetary assist. The accreditation will enable Starling to provide term loans between £5,000 and £250,000 to small and medium-sized enterprises (SMEs) that are struggling ... (more...)
$2,000 monthly payments to Americans proposed in Dem. lawmakers' bill $2,000 monthly payments to Americans proposed in Dem. lawmakers' bill
- April 20, 2020

Getty ImagesUnder a proposed plan from a pair of Democratic lawmakers, Americans over the age of 16 who make less than $130,000 per year would be eligible to receive cash payments from the government for at least six months and until unemployment sinks back down to pre-COVID-19 levels. (more...)
Pandemic Continues to Keep Stocks Much Lower
- April 20, 2020

It partially recovered in early afternoon trading to be off 8.1 per cent or 1,111.14 points at 12,605.19. "We have so little visibility into what the economy will look like next and let's remember the stock market is trying to get a sense of what earnings will look like", she said in an interview. (more...)
Putin orders daily coronavirus projections as Russia`s tally nears 37,000 Putin orders daily coronavirus projections as Russia`s tally nears 37,000
- April 19, 2020

The number of people infected with the novel coronavirus in Russian Federation has grown by 4,785 over the past twenty-four hours to 36,793 in all the country's regions , the anti-coronavirus crisis center reported on Saturday, Trend reports citing TASS. (more...)
Emmanuel Macron hints that China has covered up coronavirus crisis Emmanuel Macron hints that China has covered up coronavirus crisis
- April 19, 2020

The Financial Times reported that the French president banged his desk repeatedly with his hands for emphasis, and said the European Union and the euro single currency would be threatened if richer members did not support measures to help the pandemic-stricken countries of southern Europe. (more...)
China's GDP declines first time since 1992 due to coronavirus China's GDP declines first time since 1992 due to coronavirus
- April 19, 2020

Due to the coronavirus pandemic , China's GDP fell for the first time since 1992. He added that production of major industries and products and necessities was stable. Despite an overall negative growth in emerging markets and developing economies, China and India will both see moderate growth this year, with a rate of 1.2 percent and 1.9 percent, respectively, the International Monetary Fund projection added. (more...)
China reports 27 new cases, death toll at 4632 after data revisions China reports 27 new cases, death toll at 4632 after data revisions
- April 19, 2020

No death was reported Friday on the mainland. "According to the preliminary estimates, the gross domestic product (GDP) of China was 20,650.4 billion yuan [about $3 trillion] in the first quarter of 2020, a year-on-year decrease of 6.8 percent at comparable prices", the bureau said in a report. (more...)
FTSE100 boosted by optimism over potential coronavirus drug FTSE100 boosted by optimism over potential coronavirus drug
- April 19, 2020

The FTSE100 gained more than 3% - or 191 points - to 5819 in early trading on Friday, while Wall Street is expected to open higher on the back of hopes for the drug, first developed as a treatment for the Ebola virus . If safe and effective, it could become the first approved treatment against the disease. The patients were being treated in a closely watched clinical trial and showed signs of improvement despite having severe fever and respiratory problems, symptoms associated with Covid-19. (more...)
Governor DeSantis Announces Florida Schools Will Remain Closed Governor DeSantis Announces Florida Schools Will Remain Closed
- April 19, 2020

However, that idea did not sit well with thousands of people who started an online petition calling for schools to remain closed. "Some parents were not interested in their kids going back", DeSantis said. Carvalho noted the school year ends on June 3 for children in his district, which is the fourth largest in the nation and the largest in Florida. DeSantis said he believes continuing distance learning for now is the best option. (more...)
Amazon prepares to test all employees for coronavirus amid protests Amazon prepares to test all employees for coronavirus amid protests
- April 18, 2020

In his annual letter to shareholders , Jeff says the tests are necessary to "help keep people safe and help the economy work again". "We have begun assembling the equipment we need to build our first lab and hope to start testing small numbers of our frontline employees soon". (more...)
Stocks rocked by record volatility Stocks rocked by record volatility
- April 18, 2020

Meanwhile, referring to a growing disbelief among investors over Trump Administration's ability to counter the pandemic, an investment strategist at Edward Jones, Nela Richardson said on Wednesday (March 18th), " The market's really reacting to fear and uncertainty and we don't think it's over until it finds a floor on stock prices ". (more...)
Most U.S. firms don't plan to leave China due to coronavirus Most U.S. firms don't plan to leave China due to coronavirus
- April 18, 2020

USA politicians have accused China of withholding information about the virus while Chinese officials said the United States is trying to smear China. Most U.S. firms in China now have no plans to relocate production to other parts of the country or overseas due to the coronavirus, but there is less certainty about the long term due to growing worries over U.S. (more...)
Lego goes Italian with the Ducati Panigale V4R Lego goes Italian with the Ducati Panigale V4R
- April 18, 2020

The new "toy" is the first-ever brick reproduction of a Ducati motorcycle, and expresses the style, sophistication, and performance that characterize the Italian brand. While Lego aficionados are familiar with working gearboxes in the bigger Technic sets, replicating the gear function in a Lego build scaled down to motorcycle size is a challenge. (more...)
TVS Motor India buys Norton Motorcycles for RM87m TVS Motor India buys Norton Motorcycles for RM87m
- April 18, 2020

A legendary, British motorcycling brand is now under the ownership of an Indian company. The finer details of how TVS aims to develop and market the Norton brand in India and the worldwide market are still unknown, but we expect to see the brand making a grand entry into India soon. (more...)
Govt nod must for all FDI from neighbouring nations, including China: DPIIT Govt nod must for all FDI from neighbouring nations, including China: DPIIT
- April 18, 2020

Under the revised norm, the restrictions on Bangladesh and Pakistan have been expanded to include all land neighbours of India. With an aim is to curb the opportunistic takeover of Indian companies whose valuations have come down due to the coronavirus pandemic , the government has made its nod compulsory for all foreign direct investment coming from neighbouring countries including China. (more...)
Bonny Light, Nigeria’s crude grade, trades at $13 per barrel Bonny Light, Nigeria’s crude grade, trades at $13 per barrel
- April 18, 2020

The collapse of the previous OPEC+ deal placed added pressure on oil prices that were already on a wild ride as the Covid-19 pandemic crippled global demand for crude . According to the deal, Saudi Arabia and Russian Federation will cut 2.5 million bpd each from their October 2018 production levels of 11 million bpd. (more...)
Coronavirus job retention scheme extended by one month Coronavirus job retention scheme extended by one month
- April 18, 2020

Find out more about furloughing and the Government's scheme by registering to hear from Sarah Turnball, Head of HR at Propertymark where she looks at furloughing rules and expands as the legislation as the details continue to evolve in our recent What furloughing means for your business webinar. (more...)
Oil futures fall over 20% after Saudi Arabia slashes selling prices
- April 18, 2020

Global benchmark Brent crude slid eight percent on Thursday after United States President Donald Trump restricted travel from Europe as part of measures created to contain the coronavirus outbreak. Russia's dismissal of the idea prompted Saudi Crown Prince Mohammed bin Salman to announce huge price cuts for Saudi crude over the weekend - a move created to encourage global refiners to use more Saudi oil - and aggressive plans to increase the country's daily production from 9 million to ... (more...)
Ensuring your stimulus payment goes to the correct account or address
- April 18, 2020

The first stimulus payments , meant to help Americans with financial difficulties during the coronavirus crisis , started to arrive this week for those who filed 2019 or 2018 tax returns and for Social Security beneficiaries and others for whom the IRS has bank account information. (more...)

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