Saturday July 4-th, 2020

COVID-19 Pandemic: Maruti Suzuki to Begin Production of Ventilators in India COVID-19 Pandemic: Maruti Suzuki to Begin Production of Ventilators in India

According to a statement from Maruti Suzuki , the team at AgVa , an approved ventilator-maker, will take care of technology, performance and other related matters for the ventilators. A final version which will be developed in consultation with exp...

Public gatherings cut to two, renters protected from eviction

The Prime Minister also announced that outdoor gyms, skate parks and boot camps will be closed from tomorrow. "This does not mean they cannot go outside, they can go outside and be accompanied by a support person for the goal of getting some fresh ...

Condom shortage looms as coronavirus shuts down production Condom shortage looms as coronavirus shuts down production

According to Reuters , Malaysia's Karex Bhd makes one in every five condoms globally. This has resulted in a shortfall of 100 million condoms for the world to use as Karex supplies love gloves for Durex, the United Kingdom's public healthcare s...

Detroit Auto Show canceled; venue will be converted into field hospital Detroit Auto Show canceled; venue will be converted into field hospital

Though New York City is now Ground Zero for the coronavirus epidemic in the United States, Detroit is quickly emerging as a new "hot spot" for the virus that has disrupted almost every facet of life globally. "With the more than 100 convention cent...

Instacart buyers plan pandemic treatment strike Instacart buyers plan pandemic treatment strike

It was first reported Friday by Vice. "Instacart has still not provided essential protections to Shoppers on the front lines that could prevent them from becoming carriers, falling ill themselves, or worse", Instacart Shoppers and Gig Workers Colle...

US stocks fall again despite latest central bank moves US stocks fall again despite latest central bank moves

The 30-issue Dow Jones Industrial Average surged 1,048.86 points or 5.20 percent to end at 21,237.38. The Nasdaq Composite Index increased 185.90 points, or 2.66 percent, to 7,175.75. As big swaths of the economy retrench while much of society come...

Scammers capitalizing on COVID-19 fears Scammers capitalizing on COVID-19 fears

Charles Fallon, president of LIDD Supply Management Consultants in Montreal, said the increased subsidy will be "extremely helpful" for businesses that were considering laying off employees, as the 10 per cent subsidy was inadequate. How many corona...

US stocks open with 3rd straight day of gains US stocks open with 3rd straight day of gains

In an erratic session USA stocks have turned lower in mid-morning trading. The gains have marked the Dow's best day since 1933. The Nasdaq Composite Index was down 33.56 points, or 0.45 per cent, to 7,384.30, Xinhua reported. Outside of the US, the...

Elon Musk Says Tesla’s New York Gigafactory Will Reopen to Produce Ventilators Elon Musk Says Tesla’s New York Gigafactory Will Reopen to Produce Ventilators

COVID-19 is a new illness without a cure that affects the lungs and airways. "We're deeply grateful. We need every ventilator we can get our hands on these next few weeks to save lives". Medtronic CEO Omar Ishrak told CNBC this week that the unit is...

Moody's drops SA's credit rating to junk Moody's drops SA's credit rating to junk

The downgrade late Friday came as South Africa began a three-week nationwide lockdown to try halt the rapid spread of the novel coronavirus which has infected more than 1,100 people in the country. South Africa slipped into recession during the fin...

World’s ailing airlines appeal for aid as US offers US$58b World’s ailing airlines appeal for aid as US offers US$58b

The US Senate passed an industry aid package, half in the form of grants to cover some 750,000 employees' paychecks. Meanwhile, Air Canada is laying off about 3,600 employees, as well as 1,549 flight attendants at its low-priced subsidiary R...

Coronavirus: US House passes historic $2.2 trillion relief package Coronavirus: US House passes historic $2.2 trillion relief package

Earlier, before the bill had passed the House, Trump lashed out at Republican Representative Thomas Massie who appeared to be trying to delay the vote by insisting on a more formal process. The measure also includes more than $350 billion to pave...

Cruise stocks sink after missing out on economic-relief bill Cruise stocks sink after missing out on economic-relief bill

The Cruise Lines International Association (CLIA) applauded the stimulus package Thursday thanks to its inclusion of relief for more than 30,000 CLIA travel agent members. The president said he liked the idea expressed on Twitter by Sen. They also re...

A flight attendant dies, and colleagues are 'very much on edge' A flight attendant dies, and colleagues are 'very much on edge'

The airline is thus continuing to operate worldwide widebody service to key locations around the globe, serving as a vital partner for freight forwarders and supporting global trade in the face of the Covid-19 pandemic. American Airlines Flight at...

GOLDSTEIN: Trudeau battling to quell economic fears caused by COVID-19 GOLDSTEIN: Trudeau battling to quell economic fears caused by COVID-19

That is why we are encouraging them to take action to alleviate the burden for Canadians. "At the same time we are looking at our end at making credit more available and less expensive for Canadians to be able to make it through the next few months"....

International Monetary Fund says working ‘expeditiously’ to respond to Pakistan’s emergency coronavirus loan International Monetary Fund says working ‘expeditiously’ to respond to Pakistan’s emergency coronavirus loan

Kristalina Georgieva further said that to support these efforts and ensure prompt and adequate relief to the people and the economy, Pakistan government has requested financial assistance under the Fund's Rapid Financing Instrument (RFI). -dollar ai...

RBI's 3-month EMI moratorium: All you need to know RBI's 3-month EMI moratorium: All you need to know

It also made available Rs 3.74 lakh crore of additional liquidity to banks and allowed nearly all borrowers to defer loan repayments by three months. Net Stable Funding Ratio ( NSFR ) was required to be introduced from April 1, 2020. According to C...

US stocks fall, snapping three-day winning streak US stocks fall, snapping three-day winning streak

The legislation is a welcome reprieve, but economists warn of a tough road ahead. Hogan noted that the number of coronavirus cases in the United States is "exploding", and that economic data will be "horrendous" in the upcoming period. The S&P 500 ...

US Congress passes huge financial stimulus package US Congress passes huge financial stimulus package

Congress reached final approval Friday on a $2.2 trillion-coronavirus stimulus package that authorizes $1,200 checks for all adults who earn up to $75,000. While the Senate passed the package with unanimous support, some Republican members oppose...

USA stocks fall, snapping three-day winning streak USA stocks fall, snapping three-day winning streak

It's expected to pass and be sent to President Donald Trump's desk to be signed into law. SPDR S&P 500 ETFs were down 1.99 per cent. But the US stock market benchmark is still down about 25% from its February high. Volume on US exchanges was 13.4 b...

Trump invokes Production Act, forcing GM to make ventilators Trump invokes Production Act, forcing GM to make ventilators

But the Society of Critical Care Medicine says there are only about 200,000 ventilators in the United States. The decision followed 24 hours of confusion in which Trump initially expressed scepticism about the dire warnings of ventilator shortages,...

Delaware North: Garden staff placed on leave amid COVID-19 shutdown

As does whether the Celtics decide to step in and further assist Garden staff, given the now distant prospect of further help from Delaware North and Jacobs. The Bruins were the last team in the National Hockey League to set up a fund to help part-ti...

USA consumer sentiment plunges in March on coronavirus worry - UMich

After years of riding high, American consumer confidence dropped rapidly in March in another warning sign of how punishing the coronavirus pandemic may become for the US economy, according to a closely followed survey released Friday. Consumer spendi...

IOC Targeting July-August 2021 For Rescheduled Olympics IOC Targeting July-August 2021 For Rescheduled Olympics

The dramatic step to shift the Olympics, never before seen in peacetime, after the International Olympic Committee (IOC) and Japanese government finally succumbed to intense pressure from athletes and sporting bodies around the world upends every asp...

Record 3.3 Million People File for Unemployment Due to Coronavirus Record 3.3 Million People File for Unemployment Due to Coronavirus

Those new state claims easily top the weekly first-time claims filed during the Great Recession. Unemployment claims are spiking across the country , too. Baltimore County and Baltimore city had the most residents - 6,763 and 5,392, respectively -...

IN CASE YOU MISSED IT