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Bed Bath & Beyond to shutter 200 stores in next two years

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Hassett says unemployment rate could still be in double digits by election

Hassett is concerned that national unemployment could balloon to over 20% in May and June. The insured unemployment rate, or the number of people now receivin...

Anti-viral drug remdesivir effective against coronavirus, study finds

The data detailed in the journal is similar to early results that the NIH released last month from the study, which began in February with 1,063 participants in...

Las Vegas casinos prepare to roll

The Democratic governor said in a statement Friday that Nevada has continued to see decreasing cases of the coronavirus and hospitalizations of COVID-19 when ...

164 workers of AngloGold Ashanti South Africa test positive for coronavirus

The closure of AngloGold's Mponeng comes on the day South African president, Cyril Ramaphosa, announced the widely-expected reduction in the country's COVID-1...

Gold price up as pressure builds on US-China relations

USA gold futures were up 0.9 percent at $1,736.65. However, later in the evening there were reports that the Chinese authorities have announced plans to toughen...

USA will test vaccines on more than 100,000 people starting in July

Peter Hotez, who is developing a vaccine at the National School of Tropical Medicine at Baylor College of Medicine, added: "It's not surprising a significant pe...

United Kingdom planning to reduce Huawei's role in 5G network

The U.S. restrictions resulted in a loss of pace in Huawei's revenue growth in Q1 . The United States has been aggressive towards Huawei since previous year ...

Toronto Mayor condemns large crowd at Trinity Bellwoods Park

The fine for any two or people who are not members of the same household, and who do not keep at least two metres distance between them, can receive a ticket of...

Burberry sales dip following Covid-19 impact

Britain's Burberry said the luxury industry could take some time to recover from the COVID-19 pandemic as it reported a 27% drop in comparable sales in the fi...

JLR requests £1 billion Government support package

A spokesman for the Department for Business, Energy and Industrial Strategy said: "The government is in regular contact with the auto manufacturing sector to as...

Air France Retires A380 Fleet

Five of the A380s in the fleet are owned by Air France or on finance lease, with a further four on an operating lease. In what appears to be a growing list ...

BC reports 10 new coronavirus cases and two new deaths

While it was reported Friday, Henry addressed an ongoing community outbreak at an Abbotsford frozen fruit processing plant where five workers tested positive. P...

US jobless claims remain high as backlogs, layoffs linger

Almost half a million Coloradans filed initial unemployment claims over the past nine weeks, though regular initial claims fillings dropped last week in the sta...

Amazon reportedly delays Prime Day until September

So it's likely Amazon will announce its Prime Day 2020 date later next month. Like nearly every businesses, Amazon has felt the impact of Covid-19, with the h...

Fridge vs pantry: Cadbury settles debate over where to store chocolate

But after years of having to cut out your friends because they're weirdos who keep their choccie in the fridge, Cadbury has finally given us a concrete answer...

Debt and coronavirus push Hertz into bankruptcy protection

The company said it would use more than $1 billion in cash on hand to support its ongoing operations as it proceeds with the bankruptcy process. She added: "T...

Government could legislate after casual worker court victory

In Rossato, WorkPac argued that employees are casuals unless they have a "firm advance commitment as to the duration of the employee's employment or the days/ho...

Hong Kong: Pompeo condemns China’s law as ‘death knell’ for freedoms

Boris Johnson's spokesman said: "We are monitoring the situation closely and expect China to respect Hong Kong's rights and freedoms and high degree of auton...

U.S. oil prices plunge below zero amid coronavirus pandemic

With scarcity to store crude oil, the USA benchmark West Texas Intermediate for May delivery ended trading at -$37.63. Brent crude, the worldwide benchmark, was...

Japan, BOJ pledge joint action to keep cos afloat

Combined with an earlier lending program, and its buying of corporate bonds and commercial paper, the BOJ said its pandemic response measures now total ￥75 tril...

Up to 75 Target stores to be closed, others converted to Kmart

Between 10 and 40 large Target stores will be converted to Kmart stores, and 52 Target Country regional stores will also be converted to small Kmart stores. "Un...

New jobless claims in Florida stabilize week to week

States reporting so far paid a total of 49 million weeks of unemployment insurance in April, up from 7.2 million in February - the equivalent of approximately 1...

Wall St dips on US-China tensions, economic woes

As of 1225 BST, Dow Jones futures were down 0.30%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.27% and 0.38% weaker, respectively. "The iss...

Why Aurora Cannabis Stock Is Skyrocketing Today

Aurora said it will pay US$40 million in stock to buy Reliva , plus up to US$45 million in cash or stock depending on whether certain financial targets are hit...

Coal exports could be new trade war victim

There is government concern coal exporters could be the latest victim of Australia's trade war with China as the issue creates disunity in Labor ranks. He sai...

United States billionaires have grown $434 billion richer during the pandemic

Gates' wealth has jumped from $98bn to $106bn, while Zuckerberg's bounty has increased from $54.7bn to $80bn. Other billionaires who saw their financial portf...

USA says China security law a 'death knell' for Hong Kong autonomy

The new law would enforce punishment for "subversion" and other perceived offenses in the city, which was swept by months of massive and occasionally violent pr...

Alibaba drops as Senate passes Chinese oversight bill

The bill still needs to pass through the Congress Although the US Senate has introduced and passed the bill to delist Chinese companies, it still needs to pas...

Washington finds it paid out hundreds of millions in fraudulent unemployment benefits

The new figures could push the state's total number of initial claims to almost 1.2 million - but they will also add to concerns that the state's unemployment s...

Joint Statement from the UK, Australia and Canada on Hong Kong

Experts say the aggressive move comes at at a time when China is in a stronger position relative to much of the rest of the world struggling to contain the c...