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Australia's Westpac to pay record fine for money-laundering

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Oil jumps on uncertainty over producers’ commitment to output cuts

Saudi Arabia and Russian Federation have agreed to extend that deal till July and the grouping is scheduled to meet next week to ensure stricter adherence to cu...

Self-employed United Kingdom musicians can claim 80% of their salary, Chancellor reveals

This develoment comes after Sunak said last week that the government would cover wages of up to 2,500 pounds a month for staff being kept on by their employer...

'Despicable': Outrage After Trump Declares Friday a 'Great Day' for George Floyd

Trump's comments about Floyd came as he shifted from discussing a drop in the unemployment rate to say everyone deserved "equal treatment in every encounter wit...

USA gains 2.5 mn jobs in May, unemployment falls despite pandemic

From February to April , 5.5 million Canadian workers were affected by the COVID-19 economic shutdown. Three-million jobs were lost over March and April, and...

Germany will require electric vehicle charging at every gas station

Germany revealed it will force all petrol stations to offer electric auto charging, reported Reuters . Customers have been concerned about the limited opera...

Coronavirus: Chancellor Sunak announces 'unprecedented' measures to support self-employed

Do I qualify for the Self-Employed Income Support Scheme? Chancellor Rishi Sunak said the payments - up to a maximum of £2,500 a month - would be backdate...

National unemployment rate hits new record even as economy adds jobs

This is a notable improvement over the April unemployment rate, which was a devastating 14.7%, the worst rate since the country started tracking monthly joble...

Federal government offers $14B to provinces for COVID-19 efforts

The money would help cover protective equipment for health workers, support for strapped municipalities, paid sick leave and other help for schools and seniors....

Canada unexpectedly adds 290000 jobs on gradual reopening

Statistics Canada is reporting that during the month of May, the number of Canadians who worked less than half their usual hours fell by 292,000. Beginning in...

USA unemployment drops to 13.3% - still on par with Great Depression

The highest rate was among Latino workers, 17.6% of whom reported being unemployed . The unemployment rate last month declined to 13.3 percent - it didn't ri...

Trump discusses latest unemployment numbers

He said smart analysts were proven wrong about their unemployment predictions. "I think we're going to have a great few upcoming months", he said. "Really B...

Statistics Canada to release May jobs numbers, expected to show more losses

The economy added 289,600 jobs in May as businesses started to reopen. Canada's economy gained 290,000 jobs in May, largely in full-time work, after a record-...

Trump on surprising jobless numbers: 'We're opening with a bang'

The U.S. Labor Department said 1.87 million workers filed new jobless claims last week, 249,000 fewer than the week prior but still a grievous figure almost thr...

Pilgrim's Pride CEO among those indicted in chicken price fixing scheme

The case stems from a Justice department antitrust investigation into anticompetitive conduct in the poultry industry. The companies have not yet answered BBC...

Georgia unemployment claims continue declining

Nationally, almost 1.9 million claims for unemployment benefits were filed last week, the ninth straight decline since applications spiked in mid-March and a si...

European Central Bank to boost emergency bond purchases

The European Central Bank has made a decision to sharply expand its emergency stimulus program to help eurozone countries weather the economic impact of the c...

OPEC+ extends production cuts through July on deal with Iraq

Rather than easing output cuts in July, OPEC and its allies, a group known as OPEC+, were discussing keeping those cuts beyond June. Brent prices reached the ...

Nissan warns Sunderland plant can't survive no-deal Brexit

Ashwani Gupta, the Japanese company's global chief operating head, told the BBC its commitment to the vehicle plant, the United Kingdom's largest, could not b...

S&P, Nasdaq finish lower, ending rally ahead of jobs report

Cities across the country have been rocked by violence and destruction for seven days in a row, spurring threats from the White House to send troops in to put d...

U.S. unemployment rate could reach 20%, almost 2 million more claims expected

That's because some people who filed for unemployment benefits early on may have returned to work as businesses reopen, and are no longer receiving them. That w...

Round Four underway as United Kingdom and European Union resume their Brexit stances

The negotiation team can not meet physically, only relying on video conferencing tools. "These Brexit opponents have taken advantage of the current COVID-19 c...

Malaysia's trade in April down by 16.4%

Foreign trade was already easing prior to the pandemic, and now, faced with supply-chain disruptions, a previously incomprehensible surge in USA unemployment an...

A Tesla Model 3 fits into a truck. The Autopilot involved?

Dramatic footage has emerged out of Taiwan showing a white Tesla Model 3 slamming into a truck that had overturned on a highway. Also, the understanding tha...

George Floyd Funeral In Minneapolis

In an interview with Today on Thursday, he reiterated that they want to see Chauvin prosecuted to the fullest extent of the law. Footage of the arrest filmed by...

Former federal prosecutor discusses charges against former officer

In an interview with Today on Thursday, he reiterated that they want to see Chauvin prosecuted to the fullest extent of the law. Schleicher says convicting th...

Fourth COVID-19 stimulus package to focus on tradies, home renovations

HomeBuilder complements existing state and territory First Home Owner Grant programs, stamp duty concessions and other grant schemes, as well as the Commonwealt...

Brent oil surpasses $40 a barrel after collapse of OPEC

Saudi Arabia and Russian Federation have a deal to extend the cuts, but a meeting on Thursday rather than later in June might not happen, sources said. Sharjah-...

S.Korea seeks arrest warrant for Samsung heir in merger probe

Lee already faces trial on a charge of bribery aimed at winning support to succeed ailing group patriarch Lee Kun-hee, and which involved former President Par...

$25000 grants available for Aussies to build homes and renovate

Mr Morrison told the news crews that have parked themselves on the lawn to promptly move forward so that the guy doesn't have to do it all over again. The $688 ...

Senate passes changes to Paycheck Protection Program

The bill extends that period to 24 weeks or until the end of the year, whichever comes first. "If we're going to potentially authorize more spending, that pro...