Saturday January 29-th, 2022

US House Speaker Nancy Pelosi Endorses Joe Biden US House Speaker Nancy Pelosi Endorses Joe Biden

With the two key endorsements, decks are now clear for a direct contest between Biden, 77 and the 73-year-old incumbent President Donald Trump, who is seeking re-election in the November 2020 presidential polls. "With a Democratic majority in the Hou...

British Airways set to cut up to 12,000 jobs British Airways set to cut up to 12,000 jobs

Echoing comments from its rivals, the airline said in a statement it will take several years for passenger demand to return to 2019 levels. "The proposals remain subject to consultation but it is likely that they will affect most of British Airways...

USA meat giant on Covid-19: 'The food supply chain is breaking' USA meat giant on Covid-19: 'The food supply chain is breaking'

The order is tied closely to the meat processing issue. Tyson plants in Texas and in have closed . Taking out full-page advertisements in a number of U.S. Burleson said that if there is a confirmed case of COVID-19 at any facility, the company n...

Trump signs executive order to keep meat plants open during pandemic Trump signs executive order to keep meat plants open during pandemic

The order will use the Defense Production Act to classify meat processing as critical infrastructure to keep production plants open. Two of the nation's biggest pork processing plants are now closed. The leadership of large meatpacking companies ha...

HSBC sees mounting losses as Covid-19 hits Q1 profits HSBC sees mounting losses as Covid-19 hits Q1 profits

HSBC Bank Canada says its latest quarter included a charge of $140 million due to the downturn in its outlook for the economy and its impact on its loan portfolio as well as non-performing loans in the energy sector driven by the drop in oil prices.

Donald Trump to Declare Meat Processing Plants Critical Infrastructure Donald Trump to Declare Meat Processing Plants Critical Infrastructure

At least 20 workers in meat and food processing have died, and 5,000 meatpacking workers have either tested positive for the virus or were forced to self-quarantine, according to UFCW. Meanwhile, workers at a Smithfield plant in South Dakota told...

No dates given for Ontario's framework to gradually reopen the economy No dates given for Ontario's framework to gradually reopen the economy

On Monday, Ford's government released a framework for how it would go about reopening the economy amid the COVID-19 pandemic, and the premier stressed it would be about how not when they reopen. Ontario Chief Medical Officer Dr. David Williams said h...

British Airways lays off 12,000 staff

Operating result before exceptional items was a loss of €535 million compared to a profit of €135 million past year. The group reduced passenger capacity in April and May by 94 percent compared to past year, operating flights only for essential tra...

Tripadvisor is cutting a quarter of its workforce due to the coronavirus Tripadvisor is cutting a quarter of its workforce due to the coronavirus

TripAdvisor, the travel review platform, announced Tuesday it was laying off 900 employees, or about 25% of its global workforce, in response to the coronavirus pandemic. Most remaining employees are subject to 4-day work weeks, and a 20 percen...

United Kingdom to introduce micro-loan scheme for small businesses

The chancellor called the scheme a "simple, quick, easy solution for those in need of smaller loans", while the Treasury noted that no repayments will be due within the first twelve months. "At the end of this crisis, non-bank lenders are going to be...

Alphabet: Google parent reveals coronavirus earnings impact Alphabet: Google parent reveals coronavirus earnings impact

In the first quarter , the company's total headcount rose by more than 4,100, to 123,048 employees. The results reflect the period before the full impact of the pandemic, which forced thousands of businesses to cut marketing spending.The company does...

Trump Plans To Beef Up Meat Production After Coronavirus Hits Plants Trump Plans To Beef Up Meat Production After Coronavirus Hits Plants

The United Food and Commercial Workers International Union , which represents 1.3 million food and retail workers, said last week that 13 USA food-processing and meatpacking union workers in the US have died and that an estimated 5,000 are sick or h...

The IRS enhances 'Get My Payment' site The IRS enhances 'Get My Payment' site

On Friday, the Treasury Department and the IRS reported that 88.1 million payments worth almost $158 billion had been issued in the program's first three weeks. For more information on how to use " Get My Payment ", visit their website here. "We ...

Pelosi endorses Joe Biden for U.S. president Pelosi endorses Joe Biden for U.S. president

In an interview on MSNBC's LIVE with Stephanie Ruhle, Pelosi said that it's important to protect the "life of our democracy" as the coronavirus crisis continues. Pelosi is ostensibly the most powerful Democratic elected official in Washington D...

Tyson Foods Processing Plants Continue To Close Tyson Foods Processing Plants Continue To Close

Democrats, who previously resisted a liability shield for N-95 face mask manufacturers , are wary of granting food companies liability protection. Tyson Foods , which is the world's second largest meat producer, warned that "millions of pounds of...

U.S. firm warns of disruption to meat supply chain U.S. firm warns of disruption to meat supply chain

It warned that the food supply chain is breaking, and that various kinds of meat - such as pork, beef and chicken - could be impacted for a short period of time. "This is a challenge that should not be ignored". In recent weeks, Tyson Foods has...

US Stock Futures Flat Following Rally in Previous Session

The Dow Jones Industrial Average gained 1.5 per cent to end the day at 24,133.78. The S&P 500 and the Nasdaq also jumped as much as 1.4 and 1.1 percent, respectively, after closing three of the last four trading days in the green. Wall Street stock...

HSBC puts redundancy programme on ice as profits fall HSBC puts redundancy programme on ice as profits fall

The Asia-focused bank also pushed back parts of its restructuring program until at least the end of the year. Profit before tax came in at $3.2bn for January-March, down from $6.2bn a year ago and below an average analyst forecast of $3.7bn compile...

United States oil falls below $11 as fund sells off holdings

US West Texas Intermediate (WTI) crude CLc1 futures fell to as low as $10.64 a barrel on Tuesday, and were off 13pc, or $1.66, at $11.12 a barrel as of 0432 GMT. That's leading to lower and lower prices for crude as producers discover it's a buyer's ...

Bank of Japan to expand stimulus again as pandemic pain deepens Bank of Japan to expand stimulus again as pandemic pain deepens

Such a move would put the BOJ in line with other major central banks that have unleashed unprecedented amounts of monetary support amid the health crisis. BOJ Governor Haruhiko Kuroda will meet the press later in the day to explain the central bank's...

Small business rent relief program announced; MP Duncan optimistic Small business rent relief program announced; MP Duncan optimistic

Trudeau said immunity is "something we need to have clearer answers to". Friday, he announced the federal government had reached an agreement with the provinces and territories that would cover 75 per cent of the cost of rent for April, May, and Ju...

USA stocks rally amid hopes for reopening economy USA stocks rally amid hopes for reopening economy

But some analysts believe gains may be limited unless there is progress in finding treatments for the disease. "In general, I think the steps state governors are taking are the right ones and are measured and careful", said Oliver Pursche, independ...

Ontario reports 476 new cases of COVID-19 this morning Ontario reports 476 new cases of COVID-19 this morning

The province is reporting a record 57 deaths today, which is more than double the 24 deaths reported on Sunday. With the province still falling somewhat short of its goal of processing 13,000 tests per day, whether the number of new cases being r...

IRS says it’s made improvements to ‘Get My Payment’ online tool IRS says it’s made improvements to ‘Get My Payment’ online tool

The $1,200 payments will be sent out "soon", but in order to add $500 per child, the IRS needs information for the dependent before the payments can be issued, according to the agency. "These enhancements will help many taxpayers". Now, the Get My...

GasBuddy: Wisconsin leads the nation with cheapest average gas price of $1.18

In Essex County, it is $1.94. Since Saturday, the average price in Wisconsin has decreased by 2.9 cents. Industry analyst Trilby Lundberg said Sunday that prices at the pump have dropped 61 cents over the past nine weeks and 80 cents since mid-Oc...

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