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Jobless claims jump by 70,000 as virus starts to take hold

USA unemployment filings surged to 281,000 in the week ended March 14 - a two-year high and an increase of 70,000 from the week prior - according to Labor Depar...

Australia and New Zealand shut down foreign arrivals

In outdoor areas, the number of persons allowed to gather remains 500 . Only "essential" travellers will be exempt from isolation, such as those working in t...

European Central Bank to print 1 trillion euro this year to stem coronavirus rout

Nevertheless, need a close below the Fibonacci overall around 1.0830 (78.6% expansion) to 1.0860 (23.6% retracement) to spur a more meaningful run at the 1.0780...

Hyundai Elantra Hybrid Vehicle Debuts With 50 Mpg Fuel Economy

The vehicle can also be equipped with a wireless smartphone charger, 8-speaker Bose audio system and Digital Key that allows the latest Elantra to be opened a...

Dow sinks below levels from Trump inauguration

As losses accelerated in the afternoon, the Dow had briefly plunged more than 2,300 points and well below 19,827.25 - the place where it closed on January 20, 2...

Northeast Ohio Regional Sewer District wants you to stop flushing 'flushable' wipes

The organization, which handles waste and stormwater for more than 1 million people in much of Northeast Ohio, has been putting out the word on its cheeky Twit...

Amazon confirms first case of coronavirus at a warehouse in the US

Amazon sales have skyrocketed amid the coronavirus outbreak, and the company is looking to add 100,000 USA workers. Amazon says that a worker at its deliver...

Chancellor announces additional support to protect businesses

This comes after the Chancellor announced during the Budget last week that £1bn of support was being pledged to vulnerable people via the welfare system and loc...

Trump, Canada's Trudeau agree on importance of maintaining trade -White House

We're telling our citizens not to visit their neighbours if they don't absolutely have to. Trump said the closure won't "affect trade at all". On Monday, Tr...

Trump In Talks With GM, Ford To Support Production Of Medical Equipment

Ford and GM confirmed the news in statements to the media. Just hours after announcing production slowdowns in coordination with the United Auto Workers ,...

European Central Bank to launch 750-bil. euro stimulus program

The measures include additional net asset purchases of 120 billion euros (132 billion USA dollars) and longer-term refinancing operations to inject liquidity in...

U.S. Fed to buy short-term corporate debt in emergency move

The US Federal Reserve rolled out its third emergency credit programme in two days to battle the fallout from the coronavirus crisis, this one aimed at keep...

Reserve Bank cuts interest rates to a new record low

The benchmark S&P/ASX200 index was up 89 points or 1.80 per cent as of 10:19am AEDT on Thursday morning, while the broader All Ordinaries index also opened high...

Employment surged to record high in January

A Reuters poll of economists had pointed to a 143,000 increase. The Office for National Statistics said there were 1.34 million people unemployed in the qua...

Facebook doles out bonuses and $1,000 to its employees amid coronavirus outbreak

Amidst the onslaught of bad news resulting from the coronavirus outbreak, Facebook is giving their employees a bit of good news, as reported by The Informati...

Detroit automakers to temporarily shut down North American plants

Fiat Chrysler has not release its plans. The two cases disclosed Tuesday involved workers at technical facilities. Officials have recommended that people not ...

Coronavirus pandemic: S&P lowers India's growth forecast to 5.2 pc in 2020

These social distancing actions will "affect economic activity", S&P stated, and countries are likely to lift these restrictions more slowly that first presumed...

Dow dips below 20,000 on virus fear, turns higher later

In early trading, selling took the upper hand and the Dow slipped below 20,000, with the benchmark stock average having shed almost 10,000 points since its all-...

New York Stock Exchange to Temporarily Close Trading Floor Over Coronavirus

Still, many were skeptical whether flocking to the NYSE's trading pit was wise, given the recent bans and advisories against public gatherings. "I can't go t...

Banks providing support for those struggling financially due to COVID-19

With many financial institutions in Canada now reducing branch hours and gradually closing select branches temporarily, Canadians are encouraged to visit their ...

Mnuchin: Proposed economic relief could put $1 trillion into USA economy

But first, McConnell said, the Senate will vote on a $100 billion-plus House-passed package of sick pay, emergency food and free testing, putting it back on tra...

Reserve Bank of Australia cuts official rates again to 0.75 per cent

Treasurer Josh Frydenberg slammed CBA and NAB actions as "disappointing". Westpac announced it would only decrease variable home loan interest rates by 0.15 p...

Some banks allowing homeowners to defer mortgage payments for 6 months

The association says special care will be given to branches in rural communities. Individual Canadians, or business owners who are facing hardship under the c...

3D printing could prove a lifesaver in helping treat coronavirus

What the problem was: Patients who suffer severely with the coronavirus end up needing to be on oxygen to survive, hopefully long enough for their immune syste...

API Report Expected to Show 3.5M Build

On Monday it sank to $29.45, the lowest since January 2016. "The last time that there was a global surplus of this magnitude was never". That would exceed t...

Iceland store opens exclusively for elderly people amid Coronavirus stockpiling shortages

There were large crowds at several Richmondshire supermarket over the weekend, including the Lidl in Richmond where shoppers queued to get inside. The store ...

UAW, three Detroit automakers agree on measures to keep plants running

As he explained, "The UAW leadership, based on the World Health Organization and Centers for Disease Control and Prevention recommendations on how to protect ou...

Coronavirus measures: Chancellor's full speech as Sunak announces loans worth £330 billion

He also highlighted how pubs that have insurance policies that cover pandemics will be able to claim against their policy. Johnson is accompanied by the Cha...

France fines Apple $1.2B

Both the companies got fined because they agreed to term and conditions which were toxic for other small level distributors. The authority said that two of ...

Dow Jones falls 3,000 points, on track for worst month since 1987

Monday's 12% drop for the S&P 500 means it has plummeted almost 30% since setting a record less than a month ago, and it's at its lowest point since the end of ...