Finance / 129

Prime Minister announces aid for fish, seafood workers

Jordan says the money announced Saturday will not only support the seafood processing industry to increase cold storage and inventory capacity, but will also al...

Car finance and payday loan customers to be offered payment freezes

The measures being put in place include a three-month payment freeze for motor finance, buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking agreements. ...

Meat plant closures unlikely to impact grocery prices in short term

Andy Coyne of GlobalData Food noted an uptick in plant-based protein sales in China, where the virus first originated, and where industry is starting to return ...

Oil heads for steep weekly loss as demand continues to slide

Demand for the fund has surged as retail investors piled into oil, looking to profit from a rebound after an unprecedented sell-off sent prices near negative 40...

American Express quarterly profit plunges 76% on $1.7 bn reserve build

Excluding non-recurring items, such as a build up in reserves amid a deterioration in the outlook for the global economy amid the coronavirus pandemic, adjusted...

Plane maker Embraer accuses Boeing of 'wrongfully' terminating merger

Boeing has cancelled its agreement to acquire 80 percent of Brazilian manufacturer Embraer's commercial aircraft division, the company announced on Saturday mor...

Smithfield sued over working conditions at Missouri plant

RCWA is demanding that Smithfield provide workers with protective equipment, implement a functional social distancing plan, allow for sufficient breaks for sani...

Wall Street ends manic week with a gain

With online shopping booming as people avoid traditional stores, Amazon's stock market value has ballooned by over $100 billion since February 19, just before c...

Oil extends gains on output cuts, US-Iran tensions

Oil prices have been hit hard as the pandemic strangles demand due to lockdowns and travel restrictions, with United States crude falling into negative territo...

Canada Post seeing 'Christmas level' parcel volumes during COVID-19 pandemic

Canada Post is letting its customers know that the process and delivery of parcels throughout the country has entered Christmas-esque levels, akin to their "bus...

Retail sales fall by most on record as coronavirus lockdown hits

The Office for National Statistics (ONS) said clothing store sales saw a particularly sharp fall when compared with February, slumping by 34.8pc. Thomas Pugh,...

California, Texas lead in total coronavirus stimulus payments

The tax agency also released a geographical breakdown of the payments. "Tens of millions of people across the country are receiving these payments, and millions...

Oyo slashes fixed pay by 25%

The development comes amid reports that OYO has told its United Kingdom employees that more employees would be furloughed under the government's job retention s...

Coronavirus Northern Ireland: UK Government 'to pay wages'

Unprecented government measures to protect worker salaries should be extended to those who are self-emplpyed, it's been claimed. Sunak called the measures "un...

Porsche now offers Apple CarPlay-equipped radios for classic models

So, if you're looking to inject modern connectivity into your vintage or young classic Porsche , there's now an "OEM way" to do it. That all carries over from ...

Orders for Durable Goods Declined 14.4% in March

Excluding transportation, new orders decreased 0.2%. "Transportation equipment, down two of the last three months, led the decrease, $35.6 billion or 41.0% to $...

Durable Goods Orders Fell In March

New orders for February were revised to 1.1%. Orders for long-lasting consumer and industrial goods are expected to confirm that a massive retreat in consum...

Rent relief for businesses welcome, but comes too late say some owners

The small business tenant would cover the remainder, up to 25 per cent of the rent. Only businesses that have seen revenues decline by 70 per cent or temporar...

Remdesivir: Accidentally released results suggest potential COVID-19 drug failed human trial

According to the trial, remdesivir didn't quicken the recovery of patients suffering from COVID-19, nor did it prevent them from dying. In data obtained an...

Continuing unemployment claims in ME reach record high, state says

The program covers workers in more categories than previously. The agency also announced Thursday it has distributed almost $106 million in Federal Pandemic U...

Small-Business Relief Program Restarts Monday With $320 Billion

Mike Rounds (R- S.D.) issued the following statement on Friday after the Small Business Administration (SBA) announced that all gaming facilities with 500 or fe...

USA stocks cut gains amid oil volatility

In overseas markets, the Stoxx Europe 600 index fell 1.1% after national leaders warned it could take months for the European Union to form a crisis-recovery fu...

Trump signs 484-bln-USD relief bill to aid small businesses, hospitals

Initially operating with a $349 billion allocation, the PPP ran out of money after only 13 days of operation. $75 billion for reimbursement to hospitals and...

AR firm Magic Leap lays off staff at "every level"

To be fair, corporate-centric tech is something that Magic Leap's dabbled with a bit leading up until now. "While our leadership team, board, and investors ...

WorkForce W.Va. says backlog of unemployment benefit claims has been cleared

Here's what five economists said following Thursday's weekly jobless claims report . She said when people who have filed for unemployment weeks ago try get...

Seeking Quick Action, SAP Returns to Single CEO

The changes have come in light of "the current environment" which requires the company to take "swift, determined action" supported by a clear leadership struct...

European Union leaders agree to unite on economic recovery

The EU's executive arm, the European Commission, will be tasked with drawing up a recovery plan, which could be incorporated into the bloc's next seven-year bud...

New Toyota Yaris Cross set to rival Ford Puma

In the Yaris hatch it sips fuel at just 3.3 litres per 100km, so expect similar frugality from the Cross. After a delayed debut and a few teasers , Toyota ...

Georgia governor charges forward with reopening businesses despite Trump's opposition

After initially saying he had the authority to reopen the country, he later backed off in recognition of the powers state governors have in their jurisdiction...

Why L Brands Stock Plummeted Wednesday

Sycamore said that L Brands' decisions to close American stores in march, furlough most workers and skip rent payments in April violated the terms of the propos...

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