Wednesday January 26-th, 2022

1.4 million Australians out of work due to COVID-19 1.4 million Australians out of work due to COVID-19

Treasurer Josh Frydenberg said the numbers would have been worse without the A$130 billion (S$117.8 billion) in government spending to subsidise salaries at businesses impacted by the coronavirus. The government is expected to highlight its past em...

E-commerce firm to add 75,000 jobs as online orders surge

Workers at Amazon warehouses in New York, Michigan and IL have staged walkouts demanding the company close their facilities for extended cleaning. The stampede for jobs is all the more urgent considering a majority of Amazon's openings are front-...

Coronavirus impact: Gold plunges on COVID-19 fears, profit-booking Coronavirus impact: Gold plunges on COVID-19 fears, profit-booking

As per the IBIA or India Bullion & Jewellers Association, gold prices on the last trading day of the last week i.e. on April 9 quoted at its highest price of Rs. European Union finance ministers also agreed on half-a-trillion euros worth of econo...

Amazon boom continues with plans for 75,000 new hires, $2 hourly raises

Additionally, the e-commerce giant announced two weeks ago it would begin to provide face masks to staff members in all of its warehouses in the United States and Europe, as well as to workers at its Whole Foods stores. The stampede for jobs is a...

Colorado meat packing plant with 6,000 employees closed after coronavirus outbreak Colorado meat packing plant with 6,000 employees closed after coronavirus outbreak

The county said several specific criteria must be met before it can open on April 15. The order necessitates to conduct testing and screening with a symptom and exposure screening and employee identification; assure that sick people are not exposin...

Georgia bar pays unemployed staff with dollar bills stapled to walls Georgia bar pays unemployed staff with dollar bills stapled to walls

Over the next three and a half days, along with five other volunteers, they took on the tedious task to help take down all the weathered money. Georgia Restaurant's $1 Bills Will Be Divided Among Employees Customers at the Sand Bar on Tybee Islan...

SoftBank posts its first loss in 15 years as tech investments underperform SoftBank posts its first loss in 15 years as tech investments underperform

The Vision Fund's key investments include Uber and the work chat app Slack, both of which have seen shares fall since going public a year ago; DoorDash and WeWork, which have pushed back or cancelled listings; and ecommerce company Brandless, which c...

Gas prices down due to COVID-19 Gas prices down due to COVID-19

Check out the prices below. Industry analyst Trilby Lundberg says gas prices have dropped 52 cents over the past seven weeks as demand declines amid widespread stay-at-home orders during the coronavirus pandemic. We'll see how low gas prices in E...

Consumers Energy warning of possible power outages due to high winds Consumers Energy warning of possible power outages due to high winds

Monday is going to be windy - very windy, with the possibility of sporadic electric power outages as the result of fallen trees and branches into DTE Energy power lines. We know that many customers may have stored up their refrigerators and freezers ...

Kildare Covid-19 cases rise by 44 Kildare Covid-19 cases rise by 44

It now brings to 10,647 the amount of confirmed cases in the country. The number of confirmed cases accounts for less than 3% of the national total. The matter will be discussed fully by the National Public Health Emergency Team. Meanwhile, the Healt...

Health Canada Approves Portable COVID-19 Test Health Canada Approves Portable COVID-19 Test

The government of Ontario has ordered almost one million kits and Alberta’s government has ordered 100,000. In the meantime, the kits are being used to test health-care workers at Detroit's Henry Ford Hospital as part of the clinica...

Experimental Antiviral Drug Shows 'Hopeful' Promise in Treating Coronavirus, New Study Finds Experimental Antiviral Drug Shows 'Hopeful' Promise in Treating Coronavirus, New Study Finds

Results of controlled studies of remdesivir are highly anticipated because they will be some of the first rigorous large-scale studies completed on potential anti-coronavirus drugs. To date, no therapy has demonstrated efficacy for patients wit...

Trump says record oil production cuts will soon DOUBLE Trump says record oil production cuts will soon DOUBLE

Trump, therefore, has pressured the OPEC states into signing off on the cuts. According to Goldman Sachs, the hit to demand could average 19 million bpd in April - May. Meanwhile, Oil prices jumped more than $1 a barrel on Monday after major prod...

Trump says Opec+ planning to cut production 20m bpd

The Organization of Petroleum Exporting States (OPEC) and producers outside the bloc agreed on Sunday to cut their output for May and June by 9.7 million barrels per day (bpd), an amount equal to ten percent of the world's oil supply and the largest ...

It's My Decision When to Reopen US Economy It's My Decision When to Reopen US Economy

Trump has been pushing for weeks to re-open the country, and waited months to respond to the many reports warning of an impending pandemic. Trump also acknowledged that it would be the "toughest decision that I ever made and hopefully the most hard...

Canadian, U.S. markets fall on OPEC cuts after posting strong week Canadian, U.S. markets fall on OPEC cuts after posting strong week

CIBC cut the rating on Bombardier to 70 cents from two dollars. AutoCanada faded 22 cents, or 3.6%, to $5.82. Stocks declined Monday, giving back some of the sharp gains from the previous week, as traders continued to weigh the coronavirus outloo...

Amazon employees in United States tests positive for coronavirus

Washington's King County, which encompasses Seattle , has seen one of the highest rates of infection nationwide, with 32 cases and nine deaths after an outbreak at a long-term nursing facility just outside of the city. Amazon's guidance cited r...

$1.5 Trillion Fed Intervention Fails To Halt Market Meltdown $1.5 Trillion Fed Intervention Fails To Halt Market Meltdown

That is because the Fed is only lending money for one to three months at a time. An additional $500 billion will be made available Monday. The total size of the overnight repo market is about $1.3 trillion and the Fed's total asset portfolio stood ...

Saudi Arabia cuts May crude prices to Asia by $4.2 per barrel Saudi Arabia cuts May crude prices to Asia by $4.2 per barrel

State oil concern Saudi Aramco is expected to decide on tariffs for crude oil exports only on Monday. The OPEC+ proposal to cut 10 million barrels a day "may initially be seen as a positive for oil prices, though may not be enough to balance the ma...

Amazon plans virtual grocery waiting lists to cope with surging demand Amazon plans virtual grocery waiting lists to cope with surging demand

To alleviate this issue, new grocery customers will now join a waiting list while Amazon endeavours to increase its capacity over the coming weeks. Amazon offers grocery delivery services Amazon Fresh and Amazon Prime Now from its own warehou...

5G protestors damage telecom towers in Netherlands 5G protestors damage telecom towers in Netherlands

Rob Bongelaar, director of the Monet Foundation, an association that coordinates the state's interaction with network operators and oversees the placement of cell towers, called the attacks "incomprehensible and unacceptable", adding that "operators ...

Chinese Bank buys 1.75 crore shares of HDFC Chinese Bank buys 1.75 crore shares of HDFC

Besides, it was a secondary market transaction and HDFC, thus, had no role in the deal. HDFC Vice Chairman and CEO Keki Mistry on Sunday said that the People's Bank of China has been a shareholder in the company and the disclosure has been made n...

Canada passes vast salary aid program to weather outbreak Canada passes vast salary aid program to weather outbreak

In a message marking Easter, almost one month after the country started locking down to slow the spread of COVID-19, Trudeau commemorated the personal sacrifice and compassion that many Canadians have exhibited during the pandemic. COVID-19 in Canada...

Air France-KLM bleed passengers during coronakrise Air France-KLM bleed passengers during coronakrise

The airline added it was continuously monitoring the situation and accordingly evaluating if additional network adjustments would be required. Group passenger traffic plunged 51%, while the load factor dropped 20 percentage points to 67%. A spokeswom...

World Bank estimates worst economic slump in South Asia World Bank estimates worst economic slump in South Asia

As per the bank's calculations, the collapse of the tourism industry in Maldives will result in gross domestic output contracting by as much as 13 percent, while these numbers stand at 5.9 percent and 2.2 percent for Afghanistan and Pakistan, respect...

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