Finance

Trump discusses latest unemployment numbers

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United Kingdom banks scrap dividends on coronavirus fears, pressure on bonuses

Between them, Lloyds , Royal Bank of Scotland , Barclays , HSBC and Standard Chartered , were expected to pay a total of £15.6bn to shareholders, accordin...

Scott Morrison says Australia is in ‘suppression phase’ of Covid-19 battle

The global fatality rate is now over 5 per cent of all reported cases, with countries including the United Kingdom, the USA and Spain reporting a spike in fatal...

Coronavirus: Emergency business loan scheme revamped after criticism

This is a national effort and we'll continue to work with the financial services sector to ensure that the £330 billion of government support, through loans and...

Disney to furlough some employees, waive annual pass fees

Disney had been paying its hourly park employees since closing its doors in March due to coronavirus concerns. The unions that represent Disneyland workers ha...

I Wouldn't Have Handled Coronavirus Any Better Even Without Impeachment

Writing in The Washington Post last week, former Justice Department lawyer Joshua Geltzer said, "The new talking point of President Trump's media allies is ...

MI small businesses can apply for paycheck protection. Here’s how

The letter's core premise - that's a nice small business loan program you've got there, would be a shame if we couldn't participate because of some inconvenien...

Trump says oil output cut could be more than 10 mln bbls

However, a spokesperson for Putin said the president did not speak with the crown prince. " No, there was no such conversation ", Kremlin spokesman Dmitry Pes...

U.S. intel say China hid virus outbreak extent, lawmakers warn citing report

That's according to the latest numbers from Johns Hopkins University . Three unnamed intelligence officials spoke to the news website about the report , w...

Coronavirus: US unemployment surges by 6.6 million in one week

That surpasses the previous week's almost 21,500 claims and is the highest number of weekly claims on record . Another 6.65 million USA workers filed for ...

Oil Soars After Trump Says Saudi Arabia, Russia to Cut Supply

Price of a barrel of Brent crude had sunk to US$25.32 on Wednesday - its lowest level since 2003, while West Texas Intermediate (US crude ) plummeted to US$1...

Coronavirus: US jobless claims hit 6.6 million as virus spreads

That pushed the insured unemployment rate up to 2.1% from 1.2%.Friday's jobs report is expected to show the first monthly decline in payrolls since 2010. In a...

Second Inmate Dies Of COVID-19 At Louisiana Federal Prison

He died on April 1. The "Phase Five" changes are part of an ongoing action plan by the federal prison system to prioritize inmate health and reduce the risk o...

British Airways expected to suspend 36000 staff, reports BBC

Employees will be suspended rather than made redundant, with a percentage of wages being paid via the government's coronavirus job retention scheme, which cover...

Coronavirus: Oil prices rise on hopes of a price war truce

With demand weakening by the day and producers slow to cut output, Dated Brent, the benchmark for about two-thirds of the world's physical oil, was assessed at ...

Disney Cruise Line Suspends Sailings Until April 28th

Norwegian Cruise Line Holdings and Viking have become the latest lines to extend their suspension of cruises. Guests and their travel advisors will be sent co...

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

Saudi Arabia has hundreds of millions of barrels of crude in storage inside the kingdom and overseas. So far, Riyadh has insisted that it will only back away ...

Marriott says new data breach affects 5.2 million guests worldwide

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Eurozone manufacturing economy shrinks sharply in March

But as locally transmitted infections dwindle, most businesses have reopened and life for millions of people has started to slowly return to normal. Yet, the ...

Costco to limit number of customers who can enter per membership

Also on Wednesday, Home Depot said it would also limit how many people would be permitted to enter the store. Earlier this week, Costco that it was changing i...

Coronavirus: new guidance on job retention scheme

If your place of work has shut down or theres no work for you because of coronavirus , you can carry on getting paid. Organisations who are receiving public ...

Stocks edge higher, but on pace for worst quarter since 2008

Shares have rallied since the beginning of last week; however, they stay down more than 20% for the quarter. China's factory activity improved in March after ...

Virgin Aust seeking govt rescue package

The carrier, Australia's second biggest after Qantas, wants a rescue package of up to $1.4 billion, The Australian reported on Tuesday. Following a mass s...

Trump Says Russia, Saudi Arabia Will ‘Get Together’ on Oil Price

The Trump administration is also seeking to persuade the world's top oil exporter, Saudi Arabia , to decrease crude output, and will soon send a special energy...

Fed steps in once again to try to smooth out lending markets

It's aimed at supporting the smooth functioning of the U.S. Treasury market by providing an alternative temporary source of U.S. dollars. The Fed's move Tuesd...

Florida Gas Prices Drop. And So Does The Demand

Gas prices in the city are about 70.4 cents per gallon lower than a month ago and $1.12 per gallon lower than a year ago. Gas prices across the country and ...

China's factory activity rebounds as work slowly resumes

The figure is a marked rebound from 35.7 in February - the worst since China began recording the data in 2005. A reading above 50 is traditionally construed as ...

Coronavirus US: Dow Jones opens 200 points up as stocks rebound

Monday's gains put the Dow up 20 percent from its lows amid the market sell-offs due to the coronavirus , while the S&P 500 has risen 17 percent from its low...

Spain becomes the latest country to surpass China in terms of infections

A U.S. Navy hospital ship with 1,000 beds arrived in NY to help relieve the crisis gripping the city. While he was being treated in Rome, three patients died ...

Carnival's Cunard extends suspension of cruises to May 15

The first option offers 100% future cruise credit. All bookings will be cancelled automatically. For cruises that were scheduled for five days or less, guests...

WestJet extends worldwide flight suspensions into May amid COVID-19 pandemic

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