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

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Free non-medical masks available at Alberta drive-thrus

The government has already partnered with A&W, McDonald's and Tim Hortons to have the masks available through their drive-thrus. "Our restaurants across the p...

B&M boosted by DIY, gardening products demand in lockdown

The B&M boss said he did not expect this present level of trading to continue as normal shopping patterns resume and said that the warm spring weather and lockd...

European Union regulator promises speedy review of potential COVID-19 drug remdesivir

The European Medicines Agency (EMA) noted it has not yet received an application from the US drugmaker, but said its human medicines committee's (CHMP) timeline...

Brent crude price up with decline in US gasoline stocks

While virus-related lockdowns are easing, demand isn't yet roaring back in the US. A total of 3.4 million tonnes (24.8 million barrels) of crude oil was dis...

EasyJet to cut thousands of jobs

In line with reduced demand and scaled back operations, easyJet has proposed reducing its staff by up to 30%, amounting to about 4,500 people considering the ai...

Canada GDP in April fell a record 11% as economy shuts

Senior Congress leader P Chidambaram on Friday said the 3.1 percent GDP growth in the January-March quarter of 2019-20 is a telling commentary on the economic m...

Argentina Weighs Deadline Extension With Debt Positions Closer

The negotiations may be extended by at least another 10 days, one of them said. "There are other creditors with whom we have traveled a path that brings us ...

EasyJet to cut up to 3,000 jobs

The initial schedule will comprise mainly domestic flying in the United Kingdom and France and further routes will be announced as travel restrictions are relax...

Chinese vaccine could be ready by year-end, government body says

Adjuvants have been shown to create a stronger and longer-lasting immunity against infections. "We believe that our innovative pandemic adjuvant technology ha...

Major Kent solar farm given green light

The project could include one of the world's largest energy storage systems. The Energy Secretary Alok Sharma said the decision was taken after careful consid...

Stocks recover after Trump's announcement on Hong Kong

Analysts say the markets, in flux due to tensions between the US and China, will be watching US President Donald Trump's press conference about China and deve...

Amazon offers 125,000 full-time jobs to temporary employees

Amazon in March boosted pay for hourly employees by $2, a premium it intends to rescind beginning June 1. Those roles will earn workers a minimum wage of $15 ...

Brent crude price up with decline in United States gasoline stocks

For now, the outlook for consumption looks bleak, though it's on the mend. Both benchmarks saw steep monthly rises due to falling global production and expect...

Volkswagen showcases coupe-shaped Nivus SUV

The Nivus sits on Volkswagen's MQB A0 platform that also underpins several group products, including the current Polo and the T-Cross, VW's junior SUV . The...

Aston Martin DB5 "Goldfinger" Returning In Limited Run Of 25 Bond Cars

Fifty-five years after the final DB5 rolled off the production line, Aston Martin has again begun work on the sports vehicle as part of its Continuation serie...

Powell: Fed to soon begin 'challenging' Main Street lending

The Fed chair responded to questions about one of its most complex and riskiest programs meant to support the economy - the Main Street facility - which has...

Canada's housing markets to feel pandemic impacts until 2022

In the faster recovery scenario, prices could start to recover by mid-2021, while a slower recovery prices might not be back to pre-COVID-19 levels at the end o...

Amazon Is Offering To Keep 125000 Workers It Hired For The Pandemic

The company has been on a hiring spree since March, when government leaders across the United States began issuing shelter-in-place mandates to stem the sprea...

Furlough scheme end date confirmed as Rishi Sunak announces big changes

Employers have furloughed 8.4 million workers and claimed up to 80% of their wages, to a maximum £2,500 a month. There are now 8.4m people being paid through ...

Consumer spending plunges as Americans hoard cash amid coronavirus

Savings soared to a historic $4 trillion, with the saving rate hitting a record 33%. Incomes also increased 10.5%, reflecting the $3 trillion of government so...

Government Announces Furlough Applications Close On 30 June

However, Sunak has said that after August employers would be expected to pay a contribution towards continued costs with a draft proposal for businesses to star...

Statistics Canada says first-quarter GDP worst showing since 2009

Annualised growth for the first quarter sank by 8.2% - the greatest since the 8.7% decline in the first quarter of 2009, during the depths of the great recessio...

Furlough Costs will Mean 'Difficult Decisions' for Firms in Wales

Currently, employers are able to claim up to 80% of workers' wages and they are exempt from national insurance and pension contributions. A quarter of company...

India's GDP growth drops to 3.1% in March quarter

The growth in GDP during 2019-20 is estimated at 4.2 per cent, slowing to an 11-year low, as compared to 6.1 per cent in 2018-19, the statement said. The growth...

Gold prices today jump on US-China tensions, rising coronavirus cases

President Donald Trump is expected to hold news conference on China later in the day as his administration moves to pressure Beijing over its treatment of Ho...

Ola to launch its electric two-wheeler service in India next year

It is also planning to launch its global electric two-wheeler in India in 2021. For that impressive range that the Appscooter boasts of, the portable batte...

European Union Plans $825 Billion Coronavirus Recovery Fund

European Parliament President David Sassoli is seen before a plenary session to listen a new proposal for the EU's joint 2021-27 budget and an accompanying Re...

NJ unemployment has paid claims to 1.1 million people

This is down 481 claims from the prior week's total of 3,891. Tens of thousands of Virginians who are eligible for an expanded unemployment benefit Congress e...

David Jones and Country Road in Review Amid Poor Sales

Online sales in the second half of the financial year have doubled compared to the prior comparable period, the department store said, and since the easing of r...

Britain offers passport holders in Hong Kong visa-free travel

The plan to enact the national security legislation was first announced in Beijing late last week, with Chinese officials saying it was needed to stem sometimes...