Saturday January 29-th, 2022

Amazon VP resigns after accusing company of 'firing whistleblowers'

Apparently, staff working for the massive corporation expressed their concerns about COVID-19 and how believed they were in unsafe working conditions . "Management could have objected to the event, or demanded that outsiders be excluded, or that lea...

United States service sector activity hits record low United States service sector activity hits record low

The overall view is that Germany is bad, Southern Europe looks even worse. Worse still, the UK's services PMI does not even include retailers, who have been hardest hit by store closures since the March 23 lockdown, or numerous self-employed.

Coronavirus impact: Oil prices tumble over supply concerns

Global benchmark Brent gained 0.45% to $31.11 a barrel, reversing early losses, having surged 14% above $30 on Tuesday for the first time since mid-April. But they have started to rally - WTI has doubled since last Tuesday - as governments from the P...

Treasury announces record borrowing of $2.99 trillion Treasury announces record borrowing of $2.99 trillion

That amount for the second quarter is five times the most spent in any three month period and far outstrips total debt issued in most years. Treasury said the borrowing is needed to fund the almost $3 trillion the government has approved for suppor...

European Commission forecasts historic recession for 2020 European Commission forecasts historic recession for 2020

The European Commission presented its spring economic forecast . In addition, despite the pick up in the announcement, the impact of the epidemic on certain sectors could be long-term, " says the Commission, quoting the catering sector, hotels, le...

Stocks open lower after another spike in jobless claims Stocks open lower after another spike in jobless claims

With almost 13% gain this month, the S&P 500 is now up roughly 30 percent from its March 23 low. The S&P 500 index climbed 76.12 points, or 2.7%, to 2,939.51. All three US stock indexes ended Wednesday's session closer to all-time highs reached...

Virgin to cut 3,150 jobs and keep Gatwick closed Virgin to cut 3,150 jobs and keep Gatwick closed

The company said on Tuesday it had tried to safeguard jobs, but "regrettably" announced plans to consult staff and unions over redundancies from Tuesday. This comes just a week after competitor British Airways suggested it may have to cut up to 12,...

Qantas extends flight cancellations until the end of July Qantas extends flight cancellations until the end of July

Given what we now know about Virgin Australia's multi-billion dollar debt, how exactly do they expect to remain in competition with Qantas? Qantas CEO Alan Joyce announced that travellers could expect $19 Melbourne-Sydney flights, as the budget c...

Oil retailers' shares plunge as govt hikes excise on petrol, diesel Oil retailers' shares plunge as govt hikes excise on petrol, diesel

These duty rate changes will come into effect from May 6 and will take away the gains from falling global crude oil prices. The duty hike had included Rs 2 a litre increase in special additional excise duty and Re 1 in road and infrastructure cess.

Queen Elizabeth talks bushfires and coronavirus in phone call to Scott Morrison Queen Elizabeth talks bushfires and coronavirus in phone call to Scott Morrison

The Prime Minister is attempting to wrangle state leaders into one single plan of attack in regards to rolling back coronavirus restrictions, ahead of a major announcement on the subject that's now scheduled for this coming Friday. While certain stat...

USA service sector activity hits record low USA service sector activity hits record low

The services Purchasing Managers' Index ( PMI ) for India declined to 5.4 in April, an extreme decline from 49.3 in March, recording the sharpest deterioration in services output since data analytics firm IHS Markit started collecting the data in Dec...

Carnival Cruise Line Plans To Sail Again Starting August 1 Carnival Cruise Line Plans To Sail Again Starting August 1

A spokesperson for the cruise line stated some voyages will start on August 1 or quickly after in North America, with eight ships setting off from Galveston, Texas; Miami; and Port Canaveral, Florida. The Centers for Disease Control and Prevention to...

Airbnb slashes staff in effort to ride out pandemic

He continued, "We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill". Last month, as CNBC reported , the company also cut base salaries for executives, instituted...

Man arrested after wiping nose on store clerk's shirt Man arrested after wiping nose on store clerk's shirt

Authorities in MI are searching for a man who was recorded on a surveillance camera wiping his nose on the shirt of an employee at a Dollar Tree in the village of Holly, which is about 50 miles northwest of Detroit. The man entered the Dollar Tree...

Intel acquires Moovit in bid to advance robotaxi plans Intel acquires Moovit in bid to advance robotaxi plans

Moovit makes a free urban mobile navigation app that is used by 800 million users in 3,100 cities in more than 100 countries. As Intel points out, Moovit's massive global user base (over 800 million customers), proprietary transportation data, and s...

Petrol, Diesel Costlier In Delhi From Today | Read Petrol, Diesel Costlier In Delhi From Today | Read

Petrol and diesel prices have not been revised since March 16 despite worldwide oil prices falling to a two-decade low. The hike will be effective from intervening midnight of May 5 and 6. Retail prices of petrol and diesel will not be impacted b...

Amazon exec quits after company fires employee activists Amazon exec quits after company fires employee activists

An Amazon spokesperson declined to comment for this article. Amazon is declining to disclose the number of employees who have contracted the virus or how many warehouses have outbreaks, a key concern among workers and activists. Instead, they just ...

Treasury to borrow record $2.99 trillion in second quarter

On top of that borrowing, Treasury also said it anticipates another $677 billion in the third quarter. Estimated debt issuance for the full fiscal year is expected to near $4.5 trillion. In February, Treasury estimated privately-held net marketable...

California will allow some businesses to reopen with curbside pickup California will allow some businesses to reopen with curbside pickup

Under modification that will be announced on Thursday, Newsom is scheduled to allow some manufacturing and retail stores to reopen. However, offices, dine-in restaurants, and shopping malls can't open yet, since they are higher risk places during...

Airbnb to lay off 1,900 employees

The company also said it would scale back or halt newer initiatives, such as investments in hotels and luxury resorts and flights. Mr Chesky said travel will eventually return, but will look different. Norwegian Cruise Lines warned investors on Tu...

2nd Massachusetts Walmart Closes After Workers Test Positive 2nd Massachusetts Walmart Closes After Workers Test Positive

A spokesman for the superstore told the Boston Herald Monday that those infected include both Walmart employees and workers from third-party businesses operating within the store. Jones said complaints from employees and customers last week led to ...

Amazon executive says he quit over company 'firing whistleblowers'

The high-level engineer accused management of grossly mishandling the situation over the workers' protests, and even accused the company of discrimination for firing six employees who were all either "a person of color, a woman, or both". The company...

California sues Uber and Lyft, saying drivers are employees

The state of California has sued ride-hailing firms Uber and Lyft, accusing them of denying their drivers paid sick leave and other benefits. Shares in Uber and Lyft dropped briefly but recovered shortly after the lawsuit was announced during a v...

State To Allow Additional Businesses To Reopen This Week, With Modifications State To Allow Additional Businesses To Reopen This Week, With Modifications

Share this article: Gov. Gavin Newsom announces restrictions at a news conference on Sunday. "Until further notice" now has a date, and it's May 8 when the hard-hit state allows some retail businesses to reopen with "modifications". Licenses ha...

Ohio Gov. DeWine Says His Order on Face Masks Went ‘Too Far’ Ohio Gov. DeWine Says His Order on Face Masks Went ‘Too Far’

Why it matters: DeWine has earned praise for his aggressive and early steps to mitigate the impact of the coronavirus in OH, such as closing schools before any governor in the country and postponing the state's March 17 primary. "And it's partic...

IN CASE YOU MISSED IT