Wednesday January 26-th, 2022

More than 140000 apply for furlough scheme support

Under HMRC's job retention scheme , the government will cover 80 per cent of a worker's wages, up to £2,500 a month, if they are not working but are kept on the payroll. HMRC's easy to use portal has a step by step application process and up to 5,00...

Oil price still below zero as turmoil persists

The negative prices were for WTI oil delivered in May , when demand for crude is forecast to fall to its lowest point and before production cuts meant to ease the market oversupply begin to take effect from next month. Despite the weakness in headli...

Brent oil collapses after rout in United States oil markets Brent oil collapses after rout in United States oil markets

The price of U.S. oil - which slumped to minus $37 at one point - was produced by a trading deadline and is now back close to a positive figure. Not only is this the lowest crude oil price ever known - according to Bloomberg, the previous lowest was ...

Customers rejoice as IKEA releases famous meatballs recipe Customers rejoice as IKEA releases famous meatballs recipe

An unprecedented move for an unprecedented time, the choice to share the recipe stems from the United Kingdom branch of IKEA , where a newly launched series intends to inspire colleagues and customers alike. Start by combining beef and pork mince an...

Coronavirus: Record number of deaths recorded Coronavirus: Record number of deaths recorded

Amid growing concern that figures underestimating the scale of the crisis in care settings may have slowed down the United Kingdom government's response, the Department of Health and Social Care said it was trying to speed up data collection and clos...

Crash! US crude futures turn negative for first time in history Crash! US crude futures turn negative for first time in history

It's a measure of demand, and few, if any, barrels were sold at negative prices, said John Coleman of oil-analytics firm Wood Mackenzie during a Monday webinar. Usually this process is relatively uncomplicated, but the May contract's decline reflects...

Oil price goes negative as demand collapses; stocks dip Oil price goes negative as demand collapses; stocks dip

Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders didn't want to get stuck owning crude oil with nowhere to store it. The dollar rose to 0.9702 Swiss franc as safe-haven flows contin...

ICICI seeks impounding of ships operated by HLT unit Ocean Tankers ICICI seeks impounding of ships operated by HLT unit Ocean Tankers

Lim's son said his father sold a substantial part of the company's inventories, even when those stocks were used as collateral for banks loans, according to his affidavit. Among the revelations, the son of billionaire company founder Lim Oon Kuin (...

Amazon deploys thermal cameras at warehouses to scan for fevers faster Amazon deploys thermal cameras at warehouses to scan for fevers faster

Amazon performs a second temperature check with a forehead thermometer on employees that are flagged by the cameras to get an exact temperature. Unions as well as chosen authorities have actually gotten in touch with Amazon to close structures down.

American oil is crashing because it has nowhere to go American oil is crashing because it has nowhere to go

The global economy is contracting. A lack of demand due to coronavirus lockdowns has already led to USA storage space swelling with oil to its limits. This state of affairs can not be expected to last for long. Big oil producers have announced cu...

PLCB will offer curbside pickup at Promenade location starting this week PLCB will offer curbside pickup at Promenade location starting this week

On Monday, April 20, the Fine Wine & Good Spirits at the Promenade (102 North 8th Avenue) on the east end of Lebanon will being accepting a limited number of phone orders from 9:00 a.m. "We understand the disruption our store closures have on Pennsyl...

High River meat packing plant shutting down due to COVID-19 outbreak High River meat packing plant shutting down due to COVID-19 outbreak

A spokesman for Cargill called the shutdown a hard decision, as the plant is considered an essential service. The announcement came hours before Alberta's chief medical officer of health, Dr. Union local president Thomas Hesse wrote to Cargill last...

Lincoln gas prices remain higher than Nebraska average Lincoln gas prices remain higher than Nebraska average

According to AAA, this is almost $1 less than it was a year ago, but it's still more than 20 cents than the state average, which is $1.68. An equally historic production cut of the world's biggest producers likely delayed the drop in oil prices ...

Trump invokes DPA for testing swabs, weeks after reported shortages Trump invokes DPA for testing swabs, weeks after reported shortages

The state of NY, epicenter of America's coronavirus infections, appeared to have passed the peak of the outbreak Sunday, as President Donald Trump bumped heads with governors over the pace of ending lockdowns. "We've been fighting every day for P...

Oil Prices Crash as Storage Shortage Looms Oil Prices Crash as Storage Shortage Looms

Meanwhile the most-active June contract for WTI, which expires on May 19, fell more than 11 percent to $22.07 per barrel. "With demand still dead and OPEC+ cuts not hitting fast enough, the market looks like it has no bottom". The plunge in crude o...

Pence says 150,000 coronavirus tests now being conducted daily

In recent days, however, protesters have taken to the streets in some states , flouting their governors' stay-at-home orders and social distancing regulations as they demand an end to restrictions. Both Whitmer and Northam are Democratic governors. ...

Oil prices hit $15 for first time in 21st century Oil prices hit $15 for first time in 21st century

The slump represents the biggest one day drop in percentage terms since 1982. Brent oil futures ( BZ=F ), the worldwide benchmark, were more resilient. "The world is using less and less oil and producers now feel how this translates in prices", s...

Walmart set to hire 50,000 more workers seeking work amid coronavirus outbreak Walmart set to hire 50,000 more workers seeking work amid coronavirus outbreak

To help keep employees and customers safe at its stores, Walmart has taken measures including reducing store hours to allow for more cleaning and restocking; installing social distance markers and sneeze guards in stores; checking employee temperatur...

Oil prices fall further, WTI hits $15/barrel on low demand

Brent crude, the global benchmark, was off 1.5% at US$27.64 a barrel. The crisis was compounded after Saudi Arabia, kingpin of exporting group Opec, launched a price war with non-Opec member Russian Federation. Trifecta Consultants analyst Sukrit V...

Ransomware attack causes service disruption for Cognizant Tech Ransomware attack causes service disruption for Cognizant Tech

Our internal security teams, supplemented by leading cyber defence firms, are actively steps to contain this incident. The conglomerate posted over $16 billion in revenue a year ago and has got clients across over 80 countries, including social med...

Coronavirus: Disney stops paying 100,000 workers during crisis Coronavirus: Disney stops paying 100,000 workers during crisis

Disney theme parks and hotels have been shut in Europe and the U.S. for nearly five weeks due to worldwide Covid-19 lockdowns. Credit Suisse drops Disney (NYSE: DIS ) to a Neutral rating from Outperform on its view the downside with the parks bus...

Coronavirus: Richard Branson warns of Virgin Atlantic collapse without government loan

Virgin Australia is owned by an worldwide consortium including Etihad Airways, Singapore Airlines, Nanshan Group and HNA Group. British billionaire Richard Branson said his airlines in the United Kingdom and Australia won't survive the coronavirus...

Oil extends slump below US$19 as gloomy demand outlook persists Oil extends slump below US$19 as gloomy demand outlook persists

Speaking of US strategic reserve buying, Commerzbank analysts said that "this would accommodate 23 million barrels, which would normally constitute a massive additional reserve but these days would only just be enough to cope with one weekly increase...

Coronavirus death toll now over 40000 in US Coronavirus death toll now over 40000 in US

Belgium has the highest mortality rate in the world with 45.2 fatalities per 100,000, followed by Spain with 42.81, and then Italy with 37.64. Trump repeatedly cast doubt on the death toll being reported by China , where the virus was first discov...

U.S. crude falls below US$17 a barrel U.S. crude falls below US$17 a barrel

Worldwide benchmark Brent was less badly affected, as the storage concerns mainly relate to WTI facilities in the USA, and was down three percent at $27.23 a barrel in the afternoon. Giant oil tankers are being used to hold record amounts of crud...

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