Wednesday June 3-rd, 2020

Former Reds slam Liverpool over decision to furlough non-playing staff Former Reds slam Liverpool over decision to furlough non-playing staff

Liverpool said salary deductions were being discussed and there was "a collective commitment at senior levels of the club" to secure jobs for employees. Former Germany midfielder Hamann, meanwhile, said the move went against the ethos of his former c...

Apple builds 1 million face shields a week for medical workers Apple builds 1 million face shields a week for medical workers

In his Twitter video, Cook urged people to stay home and adhere to guidelines on social distancing to prevent the spread of the coronavirus . Express Tech is now on Telegram. Apple has increased its efforts to help health agencies and governments ...

Dubai Imposes Two-Week Lockdown to Fight Coronavirus Outbreak Dubai Imposes Two-Week Lockdown to Fight Coronavirus Outbreak

It had reported 2,179 cases of confirmed infections up until yesterday and 29 deaths. There will be "strict restrictions on movement across the city and legal action" will be taken against violators, Dubai Media Office stated. Qatar confirmed 250 n...

Liverpool legends slam club for placing non-playing staff in furlough

In addition to this, they are deemed to have spent £43m on agents' fees past year. Former Liverpool players have criticised the Premier League club for furloughing some of their non-playing staff as a cost-cutting measure during the coronaviru...

Kinston Walmart to begin limiting the number of customers inside store Kinston Walmart to begin limiting the number of customers inside store

The goal is to promote social distancing and keep customers from coming into close contact with each other. Customers will be admitted inside on a "1-out, 1-in" basis once the store reaches capacity, the company said. Previously, Walmart announced st...

Child care centres will be FREE to help parents during coronavirus crisis Child care centres will be FREE to help parents during coronavirus crisis

Morrison told the media on Friday a plan was being worked out to support those who are unable to pay rent due to the COVID-19 crisis, explaining that the priority would be given to commercial lease holders given a high number of business closures.

Ryanair keeps profit guidance, though March traffic halves Ryanair keeps profit guidance, though March traffic halves

Shares in budget airline Ryanair ( RYA ) were steady at €8.56 on Friday as the company said it still expected to report profit after taxes of close to €1bn for the year to March 2020, but pulled its 2021 guidance due to a hit from fuel hedging.

Covid-19 impact: United States loses over 700000 jobs in March Covid-19 impact: United States loses over 700000 jobs in March

The number of Americans filing claims for unemployment benefits has now broken records for two weeks in a row with more people seeking assistance than at any point in the last recession. "However, according to usual practice, the data from the househ...

Amazon postponing Prime Day shopping event because of coronavirus, report says Amazon postponing Prime Day shopping event because of coronavirus, report says

The report says the delay will leave Amazon with five million extra devices, like the voice-controlled Echo speakers, that it may now be forced to sell at a discount. The figure could balloon to $300 million in a worst-case scenario. A walkout was pl...

US dairy farmers dump milk US dairy farmers dump milk

She said farmers have no option but to continue producing quality dairy, with or without the consumer demand. Mark Mueller, proprietor of Mueller Dairy Farm in Greenleaf states that on April 1, a vehicle driver from the Dairy Farmers of America not...

Stocks open sharply lower on virus fears Stocks open sharply lower on virus fears

Market participants are closely watching whether stocks will again end the day sharply lower. Stocks sank again after another wild day, extending a rout that left the market with its worst week since October 2008. Before the virus worries exploded,...

Based 3M Canada, pulled into Donald Trump maelstrom, eyes medical-mask options Based 3M Canada, pulled into Donald Trump maelstrom, eyes medical-mask options

We don't want other people getting it. N95s prevent users from inhaling viruses and are manufactured in the United States and other countries. Critically ill patients can not be put on respirators to save lives. But until the retooled assembly li...

Decision To Ban Mask Exports

In response to the directive, the company cautioned there would be "significant humanitarian implications" if they were barred from delivering those supplies to people in those countries where 3M said they are a "critical supplier" of respirators.

SoftBank won’t buy $3 billion in WeWork stock SoftBank won’t buy $3 billion in WeWork stock

SoftBank Group has officially pulled out of its deal to buy $3 billion worth of shares in WeWork from stockholders. "The Special Committee will evaluate all of its legal options, including litigation". In a letter to bondholders, the company warne...

Detention deputy tests positive, another presumptive for COVID-19 Detention deputy tests positive, another presumptive for COVID-19

Sedgwick County Sheriff Jeff Easter made the announcement during a news conference on Thursday. Coworkers who were around the deputy are still reporting to work. "We have had anxiety within the sheriff's office since these two cases have arisen", E...

Coronavirus: how will stimulus checks work in the United States? Coronavirus: how will stimulus checks work in the United States?

Parents with children who are 16 years old and younger will receive $500 per child. "Everyone is eligible for the full rebate payments as long as they have an SSN and their household incomes are not too high", The CARES Act states. The payments w...

Boeing offers ‘voluntary’ layoffs as coronavirus crisis continues Boeing offers ‘voluntary’ layoffs as coronavirus crisis continues

Workers would exit Boeing permanently and would generally receive a pay and benefits package that includes a period of partially-subsidized healthcare coverage. The buyout plan comes three weeks after the USA planemaker said it would freeze hiring an...

Honda partners with GM to develop EVs Honda partners with GM to develop EVs

The Japanese brand will also create unique interior and exterior designs for them. More recently, Honda and GM established a relationship with regards to battery modules in 2018, as well as fuel cells for the Cruise Origin; Honda, after all, is t...

Britain's FCA proposes temporary financial relief for customers Britain's FCA proposes temporary financial relief for customers

The regulator said that while, overall, this will significantly reduce the cost of unarranged borrowing, some firms have recently made a decision to increase their arranged overdraft prices. Customers without arranged overdrafts on their main cur...

Pinched by shutdown orders, Hobby Lobby finally closes stores Pinched by shutdown orders, Hobby Lobby finally closes stores

While some major retailers, such as Patagonia , continued to pay their employees throughout coronavirus-related store closures, Hobby Lobby declined to do so. According to three employees, each speaking on the condition of anonymity for fear of retr...

Federal program offers financial relief for small businesses impacted by COVID-19 Federal program offers financial relief for small businesses impacted by COVID-19

By comparison, the most money the SBA has loaned in a single year was $30 billion. "That's a huge concern", she said. Numerous hardest-hit businesses have been restaurants, retailers, gyms and hair and nail salons forced to shut down to try to st...

Singapore PMI Sinks To Record Low 33.3 In March - IHS Markit Singapore PMI Sinks To Record Low 33.3 In March - IHS Markit

Russia's Services PMI is an index which indicates upwards or downwards trends in various manufacturing and service-related sectors of the economy. The index posted 34.5 in March, down from 53.2 in February. Tim Moore, economics director at IHS Ma...

ADB Says Coronavirus Might Halve GDP Growth in Developing Asia ADB Says Coronavirus Might Halve GDP Growth in Developing Asia

Growth in India will remain subdued after the country suffered a sharp slowdown a year ago, from 6.1 per cent in fiscal 2019 to 5 per cent, as a credit crunch that originated in the non-banking financial sector severely hampered bank lending, the M...

Trump to Schumer: 'Stop Complaining' About Virus Response Trump to Schumer: 'Stop Complaining' About Virus Response

New York City has suffered the worst coronavirus outbreak in the United States. Trump was speaking at the White House daily coronavirus briefing at the same time his staff released the letter to Schumer, in which he blasted the New York De...

Louisiana bankers say federal loan program not finalized Louisiana bankers say federal loan program not finalized

In the Paycheck Protection Program , loan applications and supporting documentation must be submitted to an approved lender by June 30. The US government doubled the interest rate on $350 billion in loans available to small businesses from 0.5% ...

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