Friday September 25-th, 2020

United Kingdom government has spent £4.4bn on planning for Brexit

Mr Barnier said that would have "grave" repercussions on the level of ambition of the joint fight against terrorism and data transfers between the European Union and United Kingdom and urged Britain's negotiator David Frost to reconsider, saying it w...

Starbucks stops customers using own cups over Covid-19 fears Starbucks stops customers using own cups over Covid-19 fears

Starbucks has increased cleaning and sanitization in all company-operated locations and provided stores with information on what to do in the event they are impacted by the virus. "One is transmission to customers, and the other is transmission to w...

Facebook closes London offices until Monday due to coronavirus Facebook closes London offices until Monday due to coronavirus

Let me inform you, Facebook has closed its Shanghai workplace even earlier than this. According to naijapals.com, the Singapore-based employee, who previously visited their London office, tested positive for the coronavirus . In addition, empl...

How major United States stock indexes fared Friday How major United States stock indexes fared Friday

The yield on the 10-year Treasury note fell below 0.9 percent for the first time ever before moving above that level. "With fear and some degree of panic driving sentiment, this can be further exacerbated, leading to a unsafe combination of both supp...

HSBC Sends Staff Home After One Tested Positive for Coronavirus HSBC Sends Staff Home After One Tested Positive for Coronavirus

An employee at HSBC Holdings Plc's research department in Canary Wharf tested positive for coronavirus, prompting a partial evacuation and marking the first reported case at a major London bank office. Commodity pricing agency S&P Global Platts t...

China Jan-Feb Dollar-Denominated Exports Tumble 17.2%, Imports Down 4% China Jan-Feb Dollar-Denominated Exports Tumble 17.2%, Imports Down 4%

China posted a trade deficit of $7.09 billion in the first two months of the year, compared with the poll's forecast for a $24.6-billion surplus, and a reversal of December's surplus of $47.21 billion. China's exports fell more than expected in the f...

Looks like Jack Dorsey isn’t Moving to Africa After All Looks like Jack Dorsey isn’t Moving to Africa After All

According to CNBC , he made the statement at Morgan Stanley's Technology, Media & Telecom Conference in San Francisco. "Sad to be leaving the continent...for now", Dorsey tweeted . His tweet in November expressing a belief in a future for crypt...

Pound Rallies Against Weak US Dollar on Bullish BoE Stance Pound Rallies Against Weak US Dollar on Bullish BoE Stance

The spread of a new coronavirus has accelerated so much in Europe, Britain and North America that investors who once played down the virus are now re-assessing the risks, which means more volatility in financial markets. Worries about the outbrea...

Joey Chestnut eats 32 Big Macs in one sitting, breaks world record Joey Chestnut eats 32 Big Macs in one sitting, breaks world record

All in all, he ingested 18,016 calories, 1,056 grams of fat, and 1,408 grams of carbohydrates, with a beef intake of 3.2 lbs. The 36-year-old is the 12-time victor of Nathan's Hot Dog Eating Contest , held every Fourth of July on Coney Island.

Top Lebanese leaders oppose paying sovereign debt Top Lebanese leaders oppose paying sovereign debt

As inflation soars and confidence plummets, businesses are closing and people are being thrown out of work. "How could we pay creditors while the Lebanese people are unable to access their own money in their bank accounts", asked Diab, referring to...

United States stocks sink, bond yields take another breathtaking drop United States stocks sink, bond yields take another breathtaking drop

Not knowing how bad the outbreak will ultimately get, some investors are reacting by simply selling. And many experts say they expect such sharp swings in the market to continue as long as the number of new cases accelerates. "Markets have shifted fr...

Lufthansa slashes flights as coronavirus outbreak hits bookings Lufthansa slashes flights as coronavirus outbreak hits bookings

This would inevitably lead to the grounding of even more aircraft than initially announced. Lufthansa's surprise announcement that capacity would be cut by as much as half comes as airlines worldwide are continuing to see significant falls in passe...

KS unemployment rate steady, increase in jobs seen in Labor Market Report KS unemployment rate steady, increase in jobs seen in Labor Market Report

The American economy added 273,000 jobs in February , the feds said Friday , indicating strong hiring growth before the coronavirus outbreak slammed the US. Overall, the fast-spreading disease has killed over 3,000 people and sickened almost 100,00...

Lebanon's financial prosecutor freezes assets of 20 banks Lebanon's financial prosecutor freezes assets of 20 banks

The country is now under pressure to pay a $1.2 billion Eurobond maturing on March 9, with a decision expected on Saturday on whether or not to default. Lebanon is now facing its worst economic crisis since its 1975-1990 civil war. Lebanon is one o...

Wells Fargo to raise its minimum wage for workers nationwide Wells Fargo to raise its minimum wage for workers nationwide

That includes changes to its board, centralizing risk teams and hiring a chief executive from outside the company. On Wednesday evening, Waters released a report finding that the bank's leadership and its regulators failed for years to address lo...

China exports plunge 17.2% in January-February on virus hit China exports plunge 17.2% in January-February on virus hit

Economists polled by The Wall Street Journal earlier expected a 17% year-on-year fall. Even if the contribution of net exports declines, the economic fundamentals will not change, Zhu added. In another early sign of the economic impact to come, China...

The Goods and Services Deficit Decreased in January The Goods and Services Deficit Decreased in January

The agency says merchandise exports fell 2 per cent in January to $48.1 billion, due in part to lower exports of motor vehicles. President Donald Trump's trade confrontation with China escalated in 2019, leading to tariffs on almost all products tr...

United Airlines reducing domestic, worldwide schedules over coronavirus United Airlines reducing domestic, worldwide schedules over coronavirus

United will also suspend new hiring through at least June 30, except for roles that are critical to the airline's operation, CNBC reports. The domestic schedule will be pared 10% in April and worldwide flying will be chopped 20%, United said in...

Olive Garden: Manager no longer working at company after alleged racial incident Olive Garden: Manager no longer working at company after alleged racial incident

Robbins, 22, said the manager complied with the customer's demand for a white server without hesitation, writing in his post that the manager's decision was "disgusting", especially considering the diverse staff at the restaurant in the city about ...

Seafood Expo North America In Boston Postponed Amid Coronavirus Seafood Expo North America In Boston Postponed Amid Coronavirus

The event, the largest seafood expo in North America, had been scheduled to take place from March 15-17. "This decision has been hard because of the major importance of this event to the industry", Diversified Communications wrote in a notice.

Premier Kenney says majority of Albertans want end to Daylight Saving Time

The former NDP government explored doing away with daylight time in 2017, but did not go ahead in part over concerns about the impact on airline schedules and starting times for National Hockey League games. Alberta has been on daylight saving time s...

Three Biogen employees test positive for coronavirus

Biogen said of those infected by the virus, two lived in the European Union, and one outside of MA. Earlier on Thursday, the Tennessee Department of Health said a man diagnosed with the coronavirus had traveled between Boston's Logan Airport and Na...

Sharp falls on Wall Street on virus fears Sharp falls on Wall Street on virus fears

Another haven asset gold is on track for its best week since 2008. World stocks and the price of oil dropped sharply again Friday as pessimism prevailed over hopes for central bank action to counter the economic disruption from the virus outbreak.

International Monetary Fund pledges $50 billion, warns of growth plunge International Monetary Fund pledges $50 billion, warns of growth plunge

Meanwhile, citing an upscaled extent of uncertainty circulating around the coronavirus' financial consequences, Georgieva said on Wednesday (March 4th), "Global growth in 2020 will dip below last year's levels, but how far it will fall and how long...

Microsoft asks employees in Seattle area, Silicon Valley to work from home Microsoft asks employees in Seattle area, Silicon Valley to work from home

The company employs almost 54,000 people in the Seattle region. In a blog post , Microsoft president Brad Smith wrote that workers in these areas who can work at home were asked to do so. But some staff are subject to exceptions, if they are ove...

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