Wednesday January 26-th, 2022

Amazon hiring 75,000 people as outbreak continues Amazon hiring 75,000 people as outbreak continues

There are many essential workers employed by Amazon who have been taking major risks everyday amid the COVID-19 pandemic . The firings come half a month after the firing of Staten Island fulfillment center employee Chris Smalls , who was also...

Dow plummets more than 1,400 points on coronavirus, oil concerns Dow plummets more than 1,400 points on coronavirus, oil concerns

The Dow fell 20 percent below record market highs set last month, entering what is known as a bear market. They said that would lead to the end of the bull market for the S&P 500, which began more than a decade ago. London's FTSE 100 slid 1.4%, while...

Economic impact of coronavirus crisis to be 'significant, but temporary': UK Economic impact of coronavirus crisis to be 'significant, but temporary': UK

The absolute priority must be to focus all of our resources not just of the state but of businesses and all of you at home as well, in a collective national effort to beat this virus. That's not an abstract thing. He added he was "deeply troubled" ...

Google has asked all North American employees to work from home Google has asked all North American employees to work from home

But for numerous 135,000 temps and contractors who work at Google offices but are employed by 3rd parties, working from home is not an option. "Contributing to social distancing if you are able to, helps the overall community spread and most import...

Many Insurance Policies Bought by Small UK Firms Don’t Cover Pandemic: Regulator Many Insurance Policies Bought by Small UK Firms Don’t Cover Pandemic: Regulator

Britain is in lockdown, with many companies shuttered and tens of millions of individuals furloughed because the nation heads for a deep recession. In addition, the FCA says that it is collecting data from companies in an effort to understand how the...

March retail sales drop 8.7% as coronavirus crisis hits consumer spending

The drag on sales from social restrictions far outweighed a 3.1% surge in receipts at online retailers like Amazon, and grocery stores and pharmacies as consumers stocked up on household essentials such as food, toilet paper, cleaning supplies and me...

Only emerging Asia will see growth in grim 2020, International Monetary Fund says Only emerging Asia will see growth in grim 2020, International Monetary Fund says

Pointing to the extreme uncertainty surrounding the global growth forecast, the report underlined that many countries faced a multi-layered crisis comprising of health shocks, domestic economic disruptions, plummeting external demand, capital flo...

Number of mortgage payment holidays surpasses 1.2 million

Introduced on 17 March, the option to take a three-month breather on mortgage repayments has been taken up by one-in-nine households. The average monthly suspended interest payment is £260 a month after the number of mortgage holidays more than tri...

Wall St tumbles on lackluster earnings, economic data Wall St tumbles on lackluster earnings, economic data

The S&P energy sector slumped 7.3% and was on track for its worst day in almost a month as oil prices sank after reports suggested persistent oversupply and collapsing global demand. J.C. Penney Co Inc slumped 28.1% as sources said the retailer was e...

Tax Day now July 15 Tax Day now July 15

Taxpayers don't have to request the extension; it is automatically provided. For C corporations the extension due date shall be November 15, 2020. You now have until July 15 to make IRA contributions for 2019 , too. Those who have filed their 2018...

EPRA slashes fuel prices in April/May review; petrol to retail at Sh92.9 EPRA slashes fuel prices in April/May review; petrol to retail at Sh92.9

In Nairobi Diesel will now retail at Sh97.56 with Kerosene set to retail at Sh77.28. The regulator said the changes in the prices was as a result of decrease in the average landed cost of petrol by 34.61%, diesel by 9.69% and kerosene by 37.70% p...

Retail sales plunge a record 8.7 percent in March Retail sales plunge a record 8.7 percent in March

This is the biggest decline since the data started being tracked in 1992. Sales at food and beverage stores spiked more than 25 percent to about $82.1 billion in March as panic-shopping consumers stocked up on groceries and other staples, the feder...

Amazon's Jeff Bezos sees wealth grow by $24bn during coronavirus Amazon's Jeff Bezos sees wealth grow by $24bn during coronavirus

His ex-wife Mackenzie Bezos, who owns about 4 per cent of Amazon , saw her net worth rise by $2.2 billion, to reach $44.8 billion. The company's founder was last week named the world's richest person for the third year running despite his divorce ...

Best Buy to furlough almost all of its part-time employees Best Buy to furlough almost all of its part-time employees

Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly USA store employees and that its sales dropped about 5% in the first two months of the current quarter, as the electronics retailer kept its stores shut due to the coronavirus pa...

California orders insurers to pay back premiums due to virus California orders insurers to pay back premiums due to virus

The premiums to be refunded include payments for private and commercial automobiles, workers' compensation, commercial multi-peril coverage, commercial liability, and medical liability. Johnny Steven with Wichita's Eddy Insurance Group says some carr...

Canada’s GDP shrank by 9% in March amid COVID-19: StatCan Canada’s GDP shrank by 9% in March amid COVID-19: StatCan

OTTAWA-Initial Statistics Canada data shows economic activity collapsed in March, dropping nine percent-the biggest monthly decline on record. The Bank said on Wednesday credit markets remain "strained", and so it's bulking up its asset-purchase pr...

Kroger, union call for designation of grocery workers as first responders Kroger, union call for designation of grocery workers as first responders

The pitch will highlight the increasing numbers of grocery and food supply employees who are being exposed to COVID-19 - and the threat this risk poses for America's food supply, UFCW said. Fears about the virus are nearly universal among the union...

Former BT Chairman Sir Mike Rake joins Huawei UK board

The letter from Huawei vice president Victor Zhang plays on Huawei's role alongside mobile networks in keeping the United Kingdom connected in the present climate. At the same time, London stressed that the Chinese tech giant would be excluded from t...

International Monetary Fund approves $1 bn in virus aid for Ghana International Monetary Fund approves $1 bn in virus aid for Ghana

This is to allow these African countries to focus more of their financial resources on fighting the coronavirus pandemic . The IMF board approved the debt relief for the countries, almost all in Africa, but also Afghanistan, Yemen, Nepal, and Hait...

Rolex, Tudor, Patek Philippe, Chanel and Chopard leave Baselworld Rolex, Tudor, Patek Philippe, Chanel and Chopard leave Baselworld

Also joined by jeweler Chopard and Rolex subsidiary Tudor, the brands that for decades were considered pillars of the iconic fair in the northern Swiss city of Basel have made a decision to leave and instead create an annual event in Geneva, starti...

Next to reopen online business Next to reopen online business

By 11:00 BST on Tuesday orders were blocked with the message: "No more orders today". It comes after the retailer closed down all its operations in March in response to the coronavirus outbreak. "We're sorry about this, and hope that you'll underst...

European shares jump on China trade data, coronavirus hopes European shares jump on China trade data, coronavirus hopes

China's exports in March fell by 6.6 percent from the same period a year earlier, a smaller drop than the 14 percent plunge that analysts had predicted. At 05:45 a.m. ET, Dow e-minis were up 292 points, or 1.25%, S&P 500 e-minis were up 31.25 points,...

Two employees fired for speaking out against Amazon’s role in climate crisis Two employees fired for speaking out against Amazon’s role in climate crisis

The firings come a week after another worker, Chris Small, was sacked after taking place in a walkout at the company's Staten Island warehouse, again over working conditions that he said were unsafe. Herdener previously said the policy did not allow ...

Oil Mixed After Historic Oil Production Cut Deal Oil Mixed After Historic Oil Production Cut Deal

Meanwhile, analysts said that while the core number in the deal suggests a near 10 million bpd cut, Middle East producers such as Saudi Arabia , the United Arab Emirates and Kuwait may have to reduce by more than the 23 percent cut for which they ...

OPEC Agrees To Less Than 10 Million Bpd Cut OPEC Agrees To Less Than 10 Million Bpd Cut

Outside of OPEC +, Canada has signalled a willingness to cut and Norway said it would decide about its cut "in the near future". Global oil supplies are now outstripping global demand by as much as 30 million barrels per day, according to Alfa E...

IN CASE YOU MISSED IT