Saturday January 29-th, 2022

Californian arrested for licking US$1800 worth of groceries Californian arrested for licking US$1800 worth of groceries

When the police reached the store, one of the Safeway employees told that the suspect had hands-on several jewelry pieces from the store and later she started licking the jewelry and loaded her cart with the products she had contaminated. With grocer...

Pandemic crisis will be worse than great depression Pandemic crisis will be worse than great depression

Ms Georgieva praised the global response so far, stating that an IMF Fiscal Monitor report due to be published next week will show that governments globally have embarked upon stimulus measures amounting to about $8 trillion (Dh29tn). Georgieva stres...

Allstate to Return $600M in Auto Premiums as Pandemic Cuts Driving Allstate to Return $600M in Auto Premiums as Pandemic Cuts Driving

Karr said he wouldn't be surprised to see other insurers follow Allstate's lead. Geico announced this week that it would offer about $2.5 billion in auto insurance credits. Customers whose policies renew during the designated time will receive...

Nigeria seeks billions from lenders for coronavirus fight Nigeria seeks billions from lenders for coronavirus fight

She said following the outbreak of the COVID-19 pandemic, which has ravaged the global economy, the IMF approved for its member-nations to request for a rapid credit facility to the limit of their contribution to the Fund. Nigeria, where economic gro...

Canada Lost Over 1-million Jobs in March Canada Lost Over 1-million Jobs in March

The number of Canadians infected with the flu-like virus passed the 20,000 level on Thursday, with 504 deaths. In the Northeast, there were an estimated 39,000 people employed here last month, down just 300 from February, and up by more than 1,300 ...

Stimulus Checks Could Possibly Start Arriving as Early as Next Week Stimulus Checks Could Possibly Start Arriving as Early as Next Week

It could take up to 20 weeks to mail out all those checks, according to the House Ways and Means' timetable. Among other things, the letter will tell taxpayers how to "report any failure to receive the payment". Social Security retirees and Social Se...

COVID-19 shutdowns erode US inflation in March COVID-19 shutdowns erode US inflation in March

In the first quarter, the CPI went up 4.9 percent year on year on average. In the latest step, China's central bank on April 3 announced a decision to cut the RRR for small and medium-sized banks by 100 basis points in two phases, a move that is ex...

Fed announces programs to provide up to $2.3 trillion in additional lending Fed announces programs to provide up to $2.3 trillion in additional lending

The Federal Reserve unveiled plans to provide up to $2.3 trillion in loans to support households and local governments, as the US economy continues to work through the disruptions from the novel coronavirus. The PPP has experienced a slew of pro...

Opec deal to cut global oil production ‘dependent on Mexico’ Opec deal to cut global oil production ‘dependent on Mexico’

A White House aide said Trump held a call with Russian President Vladimir Putin and King Salman of Saudi Arabia about the talks, after a USA official said the OPEC + move towards cuts sent an "important signal" to the market. "Oil market stability i...

Bernie Sanders drops out of race for 2020 Democratic nomination Bernie Sanders drops out of race for 2020 Democratic nomination

When former South Bend Mayor Pete Buttigieg - who dropped out of the presidential race and endorsed Biden ahead of Super Tuesday - expressed his gratitude and admiration for Sanders in a Twitter post, Gray responded by telling him to "keep this p...

European Union finance ministers reach agreement on coronavirus rescue deal European Union finance ministers reach agreement on coronavirus rescue deal

The scale of the damage shines a spotlight on the vulnerabilities of a union whose sense of common goal has been tested over the past decade by the Greek debt crisis, an influx of refugees and then Brexit. The only requirement to access this line of ...

Fed will lend up to $2.3 trillion amid coronavirus crisis Fed will lend up to $2.3 trillion amid coronavirus crisis

The Bloomberg dollar index dropped while United States stock futures pared their declines after the simultaneous announcement of the Fed's new facilities and jobless claims data. Treasury will set up a "special objective vehicle" to purchase securiti...

Greater Victoria unemployment rate jumps to 4.6 per cent Greater Victoria unemployment rate jumps to 4.6 per cent

Youth workers were the hardest hit age group. "So the numbers that we're seeing for March are not even the end of March, they're more like the middle of March before the worst of this got going", says Dungan. The number of self-employed workers decre...

Worst fallout since Great Depression

As of Thursday noon EST, there have been over 1,500,000 confirmed COVID-19 cases and more than 89,900 deaths worldwide, according to John Hopkins University's tracker. In addition, Georgieva said, governments needed to shield affected people and firm...

Third week of big U.S. jobless claims sees 6.61 million filings Third week of big U.S. jobless claims sees 6.61 million filings

And our region is seeing the same trend. Claims for the past week were more than eight times higher than in all of April 2019, when close to 10,700 claims were filed. Six states, which collectively account for over one-third of the US population, a...

Lowe's to close all stores on Easter Sunday Lowe's to close all stores on Easter Sunday

CEO Marvin Ellison said the company wants to give their employees a "much-deserved day off" to spend their holiday with families and loved ones and "recharge". Customers wearing masks walk into a Lowe's home improvement store, Sunday, March 22, 202...

Coronavirus cases in Saudi Arabia could reach 200,000: Minister Coronavirus cases in Saudi Arabia could reach 200,000: Minister

More than six weeks after Saudi Arabia reported its first case, the coronavirus is causing terror in the heart of the kingdom's royal family. According to official data, the Kingdom recorded 272 new COVID-19 cases on Tuesday, bringing the total inf...

Federal Reserve announces $2.3 trillion in funding for households, local governments Federal Reserve announces $2.3 trillion in funding for households, local governments

In a statement released along with this announcement on April 9, the Federal Reserve stated that it "remains committed to using its full range of tools to support the flow of credit to households and businesses to counter the economic impact of...

Is the state doing enough to help unemployed workers? Is the state doing enough to help unemployed workers?

Call center staffing has been almost quadrupled in the last couple of weeks, from around 130 to almost 500 this week. To reduce the number of calls, "we're asking workers to please reserve the phone lines for those who can not go online or are ha...

President Trump criticises WHO: Agency 'unfair' to US President Trump criticises WHO: Agency 'unfair' to US

Trump's new Chief of Staff Mark Meadows, Treasury Secretary Mnuchin and economic adviser Larry Kudlow are all expected to be part of the new task force. Given those results, it was not surprising that 69 percent favored President Donald Trump enact...

European Union finance ministers fail to agree on coronavirus fiscal tools European Union finance ministers fail to agree on coronavirus fiscal tools

He added that the Eurogroup will continue discussions on Thursday. For weeks, the European Union has struggled to show a united front in the face of the pandemic, with the 27 member states squabbling over economic rescue plans, medical supplies a...

Canada lost more than one million jobs in March, unemployment at 7.8% Canada lost more than one million jobs in March, unemployment at 7.8%

However, nearly all of the job losses reported last month were due to temporary layoffs, Statistics Canada says, adding workers expect to get back to work within six months. BMO chief economist Douglas Porter wrote in a note last week that his team...

'India's GDP may dip to 1.6% in FY21' 'India's GDP may dip to 1.6% in FY21'

Apart from that, high frequency data is also not showing much hope, as auto sales were down sharply in March, besides, the fall in manufacturing purchasing managers index and muted global demands. First, the 3-week nationwide lockdown, which is expec...

Another 6.6 million Americans filed for unemployment benefits last week Another 6.6 million Americans filed for unemployment benefits last week

As wide swaths of the economy shut down, workers have been laid off across industries with unprecedented speed. Marketwatch recently reported that unemployment during the coronavirus could approach, if not equal, the estimated 25% peak that the U...

Bitcoin Cash Miners Just Lost Half of Their Reward Bitcoin Cash Miners Just Lost Half of Their Reward

On a final note, the people who hold the keys for this 6 million Bitcoin Cash (BCH ) could one day have an epiphany that they own a ton of Bitcoin Cash (BCH) and proceed to dump it, which would destroy the Bitcoin Cash (BCH) market. After the halv...

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