Wednesday January 26-th, 2022

Coronavirus Tyson Foods chairman warns that 'the food supply chain is breaking'

Millions of pounds of beef, pork and chicken will vanish from USA grocery stores as livestock and poultry processing plants have been shuttered by coronavirus outbreaks among workers, the chairman of Tyson Foods Inc said. Tyson called for a unified s...

USA oil plunges again on mounting storage fears USA oil plunges again on mounting storage fears

US oil futures led losses after USA crude inventories rose to 518.6 million barrels in the week to April 17, near an all-time record of 535 million barrels set in 2017, while floating crude oil storage has hit an all-time high of 160 million barrels....

UK Tells Dyson Its Ventilators Are No Longer Needed UK Tells Dyson Its Ventilators Are No Longer Needed

The CoVent is a bed-mounted portable ventilator that can also be run on battery power, which is ideal if used in field hospitals. The company initially planned to manufacture 10,000 CoVent devices for the United Kingdom, and donate 5,000 internatio...

Canadians can apply for Emergency Wage Subsidy Canadians can apply for Emergency Wage Subsidy

Prime Minister Justin Trudeau says almost 10,000 businesses have applied for the federal government's wage-subsidy program to help them deal with the COVID-19 pandemic. "The focus we have is on continuing to prevent spread through social distancing ...

Oil Prices Tumble Again On Storage Fears Oil Prices Tumble Again On Storage Fears

Oil prices plunged on Monday amid fears that storage at Cushing, Oklahoma, could reach full capacity soon and that production cuts might not be enough to counter the huge fall in demand amid the coronavirus pandemic. "Anybody who has had length wh...

Rishi Sunak considering 100 per cent guarantees on smallest business loans Rishi Sunak considering 100 per cent guarantees on smallest business loans

It has banned personal guarantees that put business owners' property at risk, and scrapped a controversial requirement for banks to offer loans at commercial interest rates - reportedly as high as 12% - to any eligible businesses before offering a CB...

Gates Foundation will focus Gates Foundation will focus "total attention" on coronavirus crisis

For example, when Colbert asked Gates - who's been at the forefront of coronavirus vaccine research via his charitable foundation - for a timeframe of how we get out of this pandemic, here's how Gates broke everything down. "But, you know, the ...

IRS Has Sent 88 Million Stimulus Checks Totaling $158 Billion

Some payments were even sent to dead people . "We want to "Plus $500" these groups so they can get their maximum Economic Impact Payment of $1,200 and their $500 for each eligible child as quickly as possible", said IRS Commissioner Chuck Rettig (...

Richard Branson seeking buyer for Virgin Atlantic

In contrast to the Sunday Telegraph's claim that the £500 million lifeline for the troubled company was " effectively shelved ", other British media said that bailout talks with the United Kingdom government are still ongoing. The pandemic has led to...

Oil heads for third straight weekly slide Oil heads for third straight weekly slide

USA energy firms cut the most oil rigs in a month in April since 2015, according to energy services firm Baker Hughes Co. The oil market has experienced unprecedented turbulence since U.S. Riyadh then added fuel to the fire by announcing deep discoun...

Airbus reportedly 'bleeding cash' and must 'act urgently' to survive Airbus reportedly 'bleeding cash' and must 'act urgently' to survive

Faury added, that Airbus must act "urgently" to survive. A spokesman for Airbus said the firm does not comment on internal communications. The aerospace manufacturer has started to take advantage of government schemes including a furlough pro...

Oil falls as crude in USA storage nears all-time high Oil falls as crude in USA storage nears all-time high

Analysts said that positive signs in the virus fight, with Italy and NY laying out partial reopening plans and death rates slowing in hard-hit countries, kept prices from falling too heavily. The price of June futures made up 21.64 per barrel. The co...

COVID-19 recoveries outnumber new cases in latest provincial report COVID-19 recoveries outnumber new cases in latest provincial report

Ontario says 8,000 cases are now considered to be resolved. There have now been 1,110 cases of the respiratory illness confirmed in the nation's capital. Of the 128 bed capacity, less than five cases have been confirmed among residents as well as les...

India will start COVID-19 vaccine production next month: Details here India will start COVID-19 vaccine production next month: Details here

US President Donald Trump earlier this month suspended funding to the organisation, accusing it of kowtowing to China over the coronavirus outbreak. A Kolkata woman is playing a crucial role in the Oxford University team trying to develop the Cov...

Online grocery delivery service Instacart to add 250,000 full-service contractors Online grocery delivery service Instacart to add 250,000 full-service contractors

Pandemic-fueled consumer demand for grocery delivery is so high that Instacart and other services are too overwhelmed with orders. Apoorva Mehta, the company's founder and CEO, said Instacart is also offering additional support and sick pay for sho...

Details on rental assistance for Ontario businesses Details on rental assistance for Ontario businesses

The Ministry of Long-Term Care reported 573 resident deaths, and a total of 2,287 confirmed cases in residents, plus 1,089 confirmed cases in long-term staff. About CFIBThe Canadian Federation of Independent Business (CFIB) is Canada's largest asso...

Kaua'i gas prices drop slightly

Averaging at $1.21 per gallon, Wisconsin is seeing the lowest gas prices in years due to the coronavirus pandemic. Sheboygan and Ozaukee counties are around the same with prices around $1.25 per gallon. Since Saturday, the average price in Wisconsin ...

Ottawa to provide commercial rent relief for small businesses Ottawa to provide commercial rent relief for small businesses

Generally, however, he said businesses need relief, not deferrals. Jordan says the money announced Saturday will not only support the seafood processing industry to increase cold storage and inventory capacity, but will also allow them to re-tool t...

Britain confirms three-month freeze on auto finance repayments in pandemic

Finance companies should not take steps to end the agreement or repossess the vehicle during the payment freeze period, says the FCA. One example the organisation gives is recalculating a final balloon payment based on the temporary depreciation of a...

Prices for Tesla Model 3 made in China rise after subsidies cut Prices for Tesla Model 3 made in China rise after subsidies cut

The electric automaker's stock was goosed earlier this month in part by a 450 percent month-over-month jump in Chinese auto registrations. The Chinese finance ministry added that it will, in principle, cut subsidies by 20 per cent in 2021 and 30 ...

Preventive Measures Too Late at Alberta Meat Packing Plant Preventive Measures Too Late at Alberta Meat Packing Plant

JBS Canada has said they have taken a number of measures to protect worker safety, including temperature checks prior to entering the building, a ban on all visitors, a requirement for everyone to wear masks and PPE. "Should there be advice from publ...

Oil hits lowest since 1999 as coronavirus crisis hammers demand Oil hits lowest since 1999 as coronavirus crisis hammers demand

West Texas Intermediate crude fell 2.9% in NY, having lost nearly half its value on Tuesday. Oil prices were broadly steady today but were headed for their third weekly loss as production shutdowns failed to keep pace with sliding demand due to the...

Franklin Templeton winding up six schemes a matter of grave concern: Chidambaram Franklin Templeton winding up six schemes a matter of grave concern: Chidambaram

However, it has not announced details on how it will proceed with winding up of the scheme, except for promising to announce the net asset value of the schemes daily. With the strain of redemption rising, the securities of all these mutual fund schem...

Wi-Fi Alliance® delivers more value from Wi-Fi® in 6 GHz

The magic happens through a technology called Orthogonal Frequency Division Multiple Access (OFDMA). It's a far more efficient way of handling network traffic, and can reduce latency to boot. "By doing this, we are effectively increasing the amount o...

Oil rallies after Opec speeds up output cuts Oil rallies after Opec speeds up output cuts

Markets have had a rollercoaster ride this week, with United States crude falling into negative territory for the first time as traders sought to offload oil but could not find buyers as storage facilities are reaching capacity. In total, the deal wi...

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