Finance

Dow Falls Over 900 Points as Coronavirus Cases Surge and Lockdowns Loom

MORE NEWS THIS CATEGORIES

'Deadline' looms for jobs protected by furlough

Eligibility cut-off date extended from 28 February to 19 March: This is the most significant change to the UK Coronavirus Job Retention Scheme (CJRS) guidanc...

CFIB statement on CEBA expansion and the Canada Emergency Rent Assistance Program

Some 2,000 doctors responded to Legault's call for assistance in the province's overburdened long-term care homes, he said, but the federal government said the ...

Furlough payment date: When does furlough get paid?

The federal government has widened the factors for its grant scheme for furloughed employees in a transfer that the Treasury claimed would make "1000's" extra...

Coronavirus impact: U.S. weekly jobless claims top 5.2 million in latest week

Gedney said the four-week figure was "an incredible number" but said the CDLE needed more data before projecting what weekly claims might look like in the wee...

China posts first GDP decline on record as coronavirus cripples economy

It was the first negative growth reported by the world's second-largest economy since it began logging quarterly data in the early 1990s. Pompeo's phone cal...

International Monetary Fund says half the world has asked for a bailout

Over 100 countries have already approached us and by the end of this month, half of the requests will have been approved by our Board. She also warned that mo...

Oasis and Warehouse to call in administrators

The collapse will affect workers at almost a dozen stores across Kent, and many more at the 92 branches and 437 concessions around the UK. Hash Ladha, chief...

Chancellor Sunak warns of ‘tough times’ for United Kingdom economy

Under this scenario, unemployment would hit 10%, from its current 3.9% rate, before easing to around 7.3% at the end of the year. That would equate to 2 million...

International Monetary Fund sees 5% GDP contraction and double-digit unemployment in Romania this year

The Central Bank of Egypt announced earlier in April that Egypt's foreign reserves decreased by about $5.4 billion, recording $40 billion by the end of March ...

Fraudsters looking to unleash a surge of coronavirus crypto scam, Federal Bureau of Investigation warns

Their use of cryptocurrency in their schemes has been growing while the cryptocurrency space itself grows: as more businesses and kiosks use crypto, the easier ...

China's Economy Retreats, With Pandemic Causing Biggest GDP Drop In Decades

Although the world's second-largest economy has slowly begun to crank up again as quarantines are lifted and coronavirus infections drop there, much of the rest...

Manitoba politicians debate new emergency powers in reduced legislature

Earlier this week, the province's chief public health officer, Dr. Brent Roussin, said Manitoba has obtained a new rapid coronavirus test and was beginning the ...

India cuts deposit rate and infuses $7bn into financial system

Reverse repo rate is the interest rate at which the RBI borrows funds from commercial banks. RBI has also chose to provide special refinance facilities for ...

Gilead shares surge 16% after Covid-19 patients respond to drug

Those are words that medical experts are frequently using to describe results of a recent test of the drug remdesivir for patients hospitalized with severe infe...

Alabama Labor Department launches tool to track unemployment claim status

While weekly claim numbers for the week of April 5-11 declined from the previous week, it was still the third highest weekly number of claims on record, accordi...

Starbucks has a plan to reopen: Here's how it will work

CEO Kevin Johnson said Starbucks will use different formats and timing to reopen stores after some shuttered and others limited operations amid the coronavir...

Why Nigeria Is Not Among Beneficiaries Of Recent IMF Debt Relief

The minister added that there would be "support for business activity from the informal sector to micro, small and medium enterprises and the business world. Th...

Midwest states to partner on reopening the economy

The states say they look forward to working with experts to reopen the region in a way that protects families from the spread of COVID-19. "We are doing every...

United States close: Wall Street cuts Monday's losses in half with strong rally

The Bank of England's emergency rate cut on Wednesday follows an earlier one by the Federal Reserve , and economists expect the European Central Bank to be the...

Stocks sink 4% as Dow closes in bear market

The Dow Jones Industrial Average fell 1,388 points, or 5.5%, to 23,613, and the Nasdaq was down 4.7%, as of 3:45 p.m Eastern time. The S&P 500 decreased 140.8...

Maine's new jobless claims drop sharply after three record-high weeks

The agency rolled out the tool the same day it reported 77,515 initial unemployment claims were filed last week , including 71,374 filed due to jobs lost becau...

Questions arise as Kansans start to receive stimulus payments

This is a direct text to me from a friend. In a break from the past, Mr. Trump's name will appear on the physical checks being sent out to people who aren't...

Trump says OPEC+ planning to cut production 20 mn bpd

The overall agreement is now in jeopardy, with Saudi Arabia saying the OPEC+ deal, which cuts a total of 10 million barrels of oil per day from the market, ...

U.S. jobless claims due to coronavirus lockdown rise above 22 million

Workers, now more than ever before, are signing up for unemployment but the number of claims in South Dakota are down. The unemployment claims numbers were ...

Amazon fills 100,000 jobs, will add 75,000 more

The company also said Tuesday that Bashir Mohamed , a warehouse worker in Minnesota, was sacked due to "progressive disciplinary action for inappropriate langu...

Some TTC bus drivers refuse shifts over safety concerns

Green said the TTC was redeploying buses to mitigate the impact of the stoppages, which he described as "minimal". But, there is no supply of masks or face sh...

More Canadians can now apply for Emergency Response Benefit, PM says

Trudeau urged Canadians to be patient and said for the reopening to occur, there has be rapid testing on a wide-scale basis as well as extensive contact tracing...

United Kingdom and European Union agree three negotiating rounds for post-Brexit deal

The negotiating dates were agreed at a "constructive" meeting between EU Brexit negotiator Michel Barnier and his British counterpart David Frost, Reuters...

Oil rebounds as traders weigh output cut deal

US President Donald Trump said Monday that the actual output cuts may be deeper than the headline figure of 9.7 million bpd - with top producers considering sla...

Oil industry facing 'Black April' after price crash

The dire state of the market was laid out in detail on Wednesday by the International Energy Agency. Global demand will drop by more than 9 million barrels a ...