Wednesday January 26-th, 2022

Georgia Sen. Kelly Loeffler to Dump Stocks Over Pandemic Purchase Flap Georgia Sen. Kelly Loeffler to Dump Stocks Over Pandemic Purchase Flap

Loeffler has been criticized about her sales and purchases of stocks following government briefings to Congress on the virus. She and her husband, Jeffrey Sprecher , CEO of Intercontinental Exchange, parent company of the NYSE, have a net worth e...

North American stock markets start trading week by gaining ground North American stock markets start trading week by gaining ground

The TSX Composite Index remained in the stratosphere, ahead of Friday's close by 454.42 points, or 3.5%, to move into Monday's noon hour at 13,392.72. Real estate, consumer discretionary and financials were the best sectors on the day. That sent shar...

Fed Releases Wells Fargo From PPP Loan Cap Fed Releases Wells Fargo From PPP Loan Cap

Before the Fed made the change, small businesses who banked with Wells Fargo reported that, because of the structure of the program, they were having difficultly getting the loans at other banks in the midst of the novel coronavirus pandemic .

Tesla set to furlough workers and cut salaries Tesla set to furlough workers and cut salaries

Tesla did not immediately respond to a request for comment. Tesla workers' pay in the United States will be cut by 10 percent, while directors will receive a 20 percent cut. That's according to an email sent by the company's in-house lawyers which ...

Coronavirus: UK firms could furlough up to 11 million workers Coronavirus: UK firms could furlough up to 11 million workers

However, the Government said it expected that the furlough payment of 80% of an employee's regular wage would be enough to cover training hours. To prevent workplaces from firing employees due to the drop in business amid the coronavirus pandemic...

Trudeau promises 'relaxed' rules for wage subsidy, more support for student jobs Trudeau promises 'relaxed' rules for wage subsidy, more support for student jobs

The Canadian government had recently announced the Canada Emergency Wage Subsidy ( CEWS ) to reimburse employers suffering revenue declines exceeding 30%. Wednesday's announcement builds on the government's action taken for young Canadians during t...

Myriota raises $28 million to fund global expansion Myriota raises $28 million to fund global expansion

The technology is particularly effective in remote areas on land or at sea that do not have access to internet or cellular networks. Former Prime Minister Malcolm Turnbull has invested in Adelaide space startup Myriota as it looks to expand its...

Coronavirus: Gold prices ease on firm dollar, signs of COVID-19 slowdown Coronavirus: Gold prices ease on firm dollar, signs of COVID-19 slowdown

Gold prices rose sharply on Monday, extending gains to a third successive session, amid hopes central banks across the globe will announce further stimulus to revive the economies that are falling into a deep recession due to the coronavirus outbrea...

Senate should boost coronavirus small business loans to halt layoffs: McConnell Senate should boost coronavirus small business loans to halt layoffs: McConnell

In a statement, Senate Majority Leader Mitch McConnell said he wants to get lawmakers to approve the infusion on Thursday. The PPP is part of the $2. They may push for a broader bill that would go beyond the increased funding for the small busi...

Twitter boss pledges $1bn for relief effort Twitter boss pledges $1bn for relief effort

Even so, Dorsey's contribution stands out for the sum he is putting in and for how much of his net worth that represents. The Twitter CEO announced the plan in a tweet posted earlier today, saying he would take $ 1 billion of his own personal ...

Lufthansa retires big jets and says air travel rebound could take years Lufthansa retires big jets and says air travel rebound could take years

Currently, 700 of the group's 760 planes are parked as air traffic has dwindled. Five of Lufthansa's 13 Boeing 747-400s, along with seven of 17 Airbus A340-600s, will be scrapped "based on the environmental as well as economic disadvantages of thes...

Coronavirus pandemic | Tesco recruits 45,000 UK staff on virus demand Coronavirus pandemic | Tesco recruits 45,000 UK staff on virus demand

It blamed that jump on "significant cost increases in payroll, distribution and store expenses", but Tesco said they would be offset by an increase in the volume of sales and business rates relief. Tesco , which trades from about 3,800 stores in th...

Nissan, Honda to furlough USA workers as demand for cars sputters

The news were confirmed to CNN by Lloryn Love-Carter, a Nissan spokeswoman, who said that they will furlough around 10,000 employees from their plants in Canton, Mississippi and in Smyrna and Decherd, Tennessee. The pandemic has been forcing automa...

Supermarkets boost measures for Easter Supermarkets boost measures for Easter

Woolworths Supermarkets Managing Director Claire Peters said the number of customers allowed into each store at any one time will be dependent on its size. Bunnings has introduced similar changes to its stores in recent weeks, including limiting the...

COVID-19 to trigger roughly 195 million job losses: ILO COVID-19 to trigger roughly 195 million job losses: ILO

Using this strategy, as of 1 April 2020, the ILO's new global estimates point out that working hours will decline by 6.7 per cent within the second quarter of 2020, which is equal to 195 million full-time workers. We must find solutions that help all...

Government refuses to add more casuals to the JobKeeper scheme Government refuses to add more casuals to the JobKeeper scheme

Mr Porter said the scheme was Australia's 'Dunkirk moment'. Mr Porter was under pressure from unions and Labor to extend the $130 billion program to more casual workers. The government argues those workers not covered by JobKeeper will be eligible ...

WeWork directors sue SoftBank over decision to abandon deal WeWork directors sue SoftBank over decision to abandon deal

Referring to SoftBank's backtracking as "buyer's remorse", the lawsuit seeks the completion of the tender offer or compensatory damages from the investor. Gabriel Rauterberg, a University of MI law professor, said that courts in DE, where WeWork is...

Walmart workers die from coronavirus in Ill Walmart workers die from coronavirus in Ill

In a lawsuit filed in an IL circuit court yesterday, the estate of late Walmart associate Wando Evans, who worked at the Evergreen Park, Ill. outpost for more than a decade, claimed that Evans and other employees contracted COVID-19 while working at ...

Logan’s Roadhouse closes 261 restaurants, may not reopen Logan’s Roadhouse closes 261 restaurants, may not reopen

Officials proceeded to alert a federal bankruptcy judge in DE that they could not secure funds to keep the company's restaurants even partially open, and would have to shut down every location. It calls the COVID-19 pandemic "unprecedented". The mo...

United Kingdom auto sector slashes 2020 sales forecast by 23% due to coronavirus United Kingdom auto sector slashes 2020 sales forecast by 23% due to coronavirus

Sales in March fell 44 percent compared with the same month previous year to 2,54,684 units, while first-quarter sales were down by 31 percent to 4,83,557, it said. "However, COVID-19 pressures in the second half of the month have driven sales down b...

France heading for worst recession since 1945 - Economy France heading for worst recession since 1945 - Economy

He stressed, however, that the topic would be discussed in the fall while determining the budget for 2021. France imposed a nationwide stay-at-home order from March 17 after shutting all nonessential businesses. Services, heavy industry and con...

U.S. Markets Rally Amid Hopes That Pandemic Spread Is Slowing U.S. Markets Rally Amid Hopes That Pandemic Spread Is Slowing

U.S. stocks experienced a massive rebound Monday at the start of the second week of the fiscal year's new quarter, with the Dow Jones Industrial Average index gaining over 1,500 points amid the release of data suggesting that COVID-19 cases are level...

China's Luckin Coffee says business will continue amid financial fraud probe China's Luckin Coffee says business will continue amid financial fraud probe

Background: "We can't say that the registration-based IPO system from the U.S.is invalid just because of Luckin Coffee's scandal", a senior executive at a securities firm said, after the chain's shares went into free fall following its admission t...

Japan to announce coronavirus emergency, prepares near $1 trln stimulus Japan to announce coronavirus emergency, prepares near $1 trln stimulus

The majority of confirmed Covid-19 cases over the weekend in Tokyo were of people under the age of 50, a member of Japan's health ministry taskforce for the virus said in the same livecast Sunday night, adding that many of them were in their 20s ...

Google can tell who is complying with social distancing, and who isn't Google can tell who is complying with social distancing, and who isn't

However, no personal data for individuals, such as a person's location, contacts or movement is listed in the new data. "In addition to other resources public health officials might have, we hope these reports will help support decisions about ...

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