Wednesday January 26-th, 2022

Airline revenues to nosedive by 55% in 2020: IATA Airline revenues to nosedive by 55% in 2020: IATA

The impact of the recession on demand for travel was expected to be most severe in the current quarter (April to June), de Juniac said on Wednesday. Airlines around the world may surrender US$314 billion in ticket sales to the coronavirus this year...

PM pleads with teachers, parents to keep schools open PM pleads with teachers, parents to keep schools open

As we've seen overseas, we've seen this move right through the community. "So, let's keep working together to ensure that we can be there for our kids, to keep them healthy, keep them safe, but to keep them learning". "One thing that I know teachers ...

U.S. stocks lower on Monday following their biggest week since 1974 U.S. stocks lower on Monday following their biggest week since 1974

Johnson & Johnson surged after posting stronger sales and boosting its quarterly dividend. Both JPMorgan Chase and Wells Fargo reported huge declines in first-quarter earnings after setting aside large provisions in case of bad loans. Futures on th...

GSK and Sanofi aim for Covid-19 vaccine in 2021 GSK and Sanofi aim for Covid-19 vaccine in 2021

In a declaration, scientists and others said, "We are scientists, physicians, funders and manufacturers who have come together as part of an global collaboration, coordinated by the World Health Organization (WHO), to help speed the availability of...

Kia Motors eyes halting 3 S. Korea plants as virus hits exports Kia Motors eyes halting 3 S. Korea plants as virus hits exports

Negotiations regarding workers' pay during the shutdown are now ongoing. The management is expected to shut down these factories for one week from April 23 at the earliest after negotiating with the labor union this week. The wider.KS11 index poste...

USA coronavirus deaths top 25,000 as confirmed cases near 600,000 USA coronavirus deaths top 25,000 as confirmed cases near 600,000

Facing a tough reelection in November, the Republican president is eager to get the world's biggest economy back on its feet as quickly as possible. He told reporters the number of deaths from the virus in the USA had begun to plateau, indicating t...

Burger King giving away Whoppers for students who complete educational activities Burger King giving away Whoppers for students who complete educational activities

The questions will cover different subjects including math, biology, chemistry and literature. Note that there is a limit of one free Whopper per student, so if you have multiple kids in your family they'll each have to solve the question to claim ...

British economy may shrink up to 13 percent this year British economy may shrink up to 13 percent this year

That would leave around one in 10 of the working population jobless. Public sector net borrowing is forecast to reach 15% of GDP - making it the largest single-year deficit since World War Two. In addition, "more than 14 billion pounds (17.6 billio...

Capital Markets Fed Repo Offers to Pump $1.5T Into Markets

Investors further lost confidence Wednesday in the USA government's ability to quickly produce a coherent policy plan after President Donald Trump addressed the nation with few details on fiscal stimulus measures, instead touting restrictions on trav...

Asia stocks set for mixed start ahead of earnings Asia stocks set for mixed start ahead of earnings

Treasuries climbed, while the dollar dipped versus many of its biggest peers, including the pound, euro and yen. "We're in for a tough year", said Savita Subramanian, head of USA equity and quantitative strategy at Bank of America Corp.in a Bloom...

Nigeria heading into its worst recession in 30 years, says International Monetary Fund Nigeria heading into its worst recession in 30 years, says International Monetary Fund

The International Monetary Fund offered a dismal economic prognosis for the year in a report published Tuesday, including a 5.9% contraction in USA output and growth of just 1.2% in China, as the coronavirus pandemic rages on. Thailand, meanwhile, ...

Gold climbs to seven-year high on growth fears, stimulus measures Gold climbs to seven-year high on growth fears, stimulus measures

Among them, billionaire investor Ray Dalio said this month that bullion, along with some stocks, was attractive as central banks print money.In other precious metals, silver, platinum and palladium all advanced. U.S. gold futures settled 0.5 per cent...

Oil prices bounce higher after record OPEC+ deal to lower supply Oil prices bounce higher after record OPEC+ deal to lower supply

After four days of wrangling, the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, agreed on Sunday to cut output by 9.7 million barrels per day (bpd) to support oil prices , sources said,...

JPMorgan profit falls on Coronavirus loan provisions JPMorgan profit falls on Coronavirus loan provisions

The quarterly profit of JPMorgan Chase & Co fell by more than two-thirds as the coronavirus or COVID-19 pandemic and record low prices of oil forced the largest bank of the U.S. JPMorgan set aside $8.29 billion for bad loans, the largest provision ...

The British Business Bank approves new lenders for accreditation under CBILS The British Business Bank approves new lenders for accreditation under CBILS

Following their approval, each lender will be putting in place the operations required to start lending under the scheme and will confirm shortly the dates from which they will be ready to start receiving CBILS applications from smaller businesses ac...

COVID-19 impacts dairy industry nationwide COVID-19 impacts dairy industry nationwide

Get all the latest news on coronavirus and more delivered daily to your inbox. Shell Hodgson bought 120 gallons of milk to help struggling dairy farmers and donate to his community. One is the Dairy CORE Program proposed by the Minnesota Milk P...

Smithfield Foods pork facility closed 'until further notice' due to coronavirus Smithfield Foods pork facility closed 'until further notice' due to coronavirus

Kristi Noem urged the company to "do more" to address the pandemic . The meat that goes through Smithfield's facilities is raised in the USA, and some of it is exported to China. "We have a stark choice as a nation: we are either going to produce fo...

Coronavirus will lead to Coronavirus will lead to "worst recession since the Great Depression"

Yes, but: The IMF projects growth will partially rebound to +5.8% in 2021 if the pandemic fades in the second half of 2020 and if "policy actions taken around the world are effective in preventing widespread firm bankruptcies, extended job losses, an...

Donald Trump hits back at claims he ignored COVID 19 warnings Donald Trump hits back at claims he ignored COVID 19 warnings

He said there are " many good reasons" for this, none of which he identified. He made clear on Monday that he considers them his to make , not those of the council, local officials or state governors. "We can not act on our own", Murphy wrote. ...

500,000 Zoom accounts are being sold on the dark web 500,000 Zoom accounts are being sold on the dark web

While Zoom has emerged as a leading teleconferencing provider during the COVID-19 pandemic, the app is surrounded by daily news about it being prone to hacking and having some major security issues. These types of attacks are not unique to Zoom, the ...

SA Reserve Bank cuts interest rates by a further 1 percentage point SA Reserve Bank cuts interest rates by a further 1 percentage point

The South African economy has been struggling even before the coronavirus pandemic with the country slipping into a technical recession and the rand weakening during the national lockdown. Following the announcement Peter Montalto, head of capital...

China's trade data better than expected, but worst is not over China's trade data better than expected, but worst is not over

That compares with a growth of about 18% in the same month last year.Coal imports fell from the first two months to 27.8 million tons in March, but were still nearly 19% higher than a year ago. But analysts warn it could take months before the econo...

United States stocks lower on Monday following their biggest week since 1974 United States stocks lower on Monday following their biggest week since 1974

Meanwhile, countries across the globe weighed the timing for when it would be safe to ease restrictions, as regions from NY to Spain showed an easing in the rate of infections. With one of foggy earnings season kicking off this week, there may be few...

NY coronavirus death toll tops 10,000 - Gov Cuomo NY coronavirus death toll tops 10,000 - Gov Cuomo

Governors will name a public health official, an economic official and their respective chief of staff to the task force, which will look to provide recommendations in a matter of weeks. Lamont added, "we can't pull the trigger too quickly". The ci...

Publicis Groupe still struggling in first three pre-virus months of 2020

The French company says it can't provide earnings guidance because of the uncertainty of the oronavirus crisis. "It is worth noting that Epsilon 2.0 was also growing at +5% growth at the end of February", he added before admitting that March had been...

IN CASE YOU MISSED IT