Wednesday January 26-th, 2022

Air Canada to slash half its workforce as virus bites Air Canada to slash half its workforce as virus bites

The move is effective June 7. The airline made a similar decision in March to let go of almost half of its workforce under a cost-reduction scheme, only to rehire some 16,500 laid-off flight attendants, mechanics and customer service agents in Apri...

FM Nirmala Sitharaman announces policy reforms to fast-track investment FM Nirmala Sitharaman announces policy reforms to fast-track investment

Sitharaman announced major reforms in the mining of minerals through a seamless composite exploration-cum-production regime. "Make In India and Self-Reliance have now become a partner". Currently, only 60% of India's airspace is allowed for use. Th...

China Suspends Imports From Four Australian Slaughterhouses China Suspends Imports From Four Australian Slaughterhouses

It's also given the nation's barley producers 10 days to respond to an anti-dumping investigation that's been conducted into Australian grain imports since 2010, threatening to slap them with tariffs of up to 80 per cent. Mareeba Saleyards board me...

Deputies: Woman Threw Bodily Fluids Through Taco Bell Drive-Thru Window Deputies: Woman Threw Bodily Fluids Through Taco Bell Drive-Thru Window

An employee at the Taco Bell said that when he opened the window, a rear passenger leaned out of a vehicle and squeezed the contents of the bottle before throwing it at him. The business had to close two hours early after the incident due to contam...

Already on the Cusp Before Coronavirus Downturn, Germany Enters Recession Already on the Cusp Before Coronavirus Downturn, Germany Enters Recession

The German economy's decline reflects its biggest quarterly drop since the global financial and economic crash of 2009 and the second-largest decrease since German unification. "In the short term, some catch-up effects can be expected, but the econom...

JCPenney files for Chapter 11 bankruptcy JCPenney files for Chapter 11 bankruptcy

James Cash Penney, Jr. founded the eponymous retailer with partners in 1902 in Kemmerer, Wyoming. "The American retail industry has experienced a profoundly different new reality, requiring JCPenney to make hard decisions in running our business", ...

Quarantine measures make slow recovery more hard: IATA Quarantine measures make slow recovery more hard: IATA

We need a solution for safe travel that addresses two challenges. IATA urged governments to find alternatives, warning they must "not make that prognosis worse by making travel impracticable with quarantine measures". In March, domestic travel fell...

EU's Barnier says trade talks with Britain 'disappointing' EU's Barnier says trade talks with Britain 'disappointing'

The EU's chief negotiator Michel Barnier said Britain had refused to engage in full conversation about the issue, and that there had been little progress . Mr Frost was speaking following the third round of talks with his opposite number Michel Barn...

Alberta to reopening economy today with delays in two COVID-19 hotspots Alberta to reopening economy today with delays in two COVID-19 hotspots

Hinshaw said, within seven days of opening, businesses must outline the steps they're taking to prevent the spread of COVID-19. The province added 50 new cases of COVID-19 on Thursday, while one new case was found in the North Zone. Hinshaw, provid...

Dow Jones falls as trade war fears add to virus woes Dow Jones falls as trade war fears add to virus woes

Department of Labor data showed that almost three million more people applied for unemployment benefits last week, only a modest decline from the prior week's level and a grim reminder of the mounting toll taken by COVID-19 on American workers.

Australia requests China trade talks, won't drop inquiry push Australia requests China trade talks, won't drop inquiry push

DON'T MISS China expert blast's Australia's call for wet market ban [COMMENT ] US accuses China of hacking coronavirus vaccines and testing data [INSIGHT]Trump who? The moves raised suspicions in Australia that China was punishing Australia f...

Twitter employees can work from home forever, CEO says Twitter employees can work from home forever, CEO says

The company said it will leave the decision to return to offices up to their workers and that with "very few exceptions" offices won't be open before September. Christie said Twitter , whose CEO is Jack Dorsey , was thinking about the next few mo...

Oil prices rise on dip in USA crude stockpiles and IEA data Oil prices rise on dip in USA crude stockpiles and IEA data

China processed a total of 53.85 million tonnes of crude oil last month, data from the National Bureau of Statistics (NBS) showed on Friday, equivalent to about 13.1 million barrels per day (bpd). "Further downside risks remain and relate to the ...

Germany's economy enters into a 'technical recession' Germany's economy enters into a 'technical recession'

Germany saw their biggest quarterly decline between January and March, since it was reunited in 1990, which exceeded by just a 4.7% fall in the first quarter of 2009, which was the hight of the global financial crisis. The country's 16 states also c...

Zomato cuts 13% jobs, slashes salaries as CEO blames coronavirus Zomato cuts 13% jobs, slashes salaries as CEO blames coronavirus

Goyal also announced pay cuts for the entire organization. Goyal said the affected employees will continue to get 50 percent of salary for the next 6 months, along with outplacement support and health insurance. This temporary reduction in pay wi...

China suspends imports from four Australian abattoirs China suspends imports from four Australian abattoirs

And that won't change". Australia's Minister of Trade, Tourism and Investment Simon Birmingham says "an investigation around the handling of COVID-19 has no relationship whatsoever to Australian exports of beef or barley". "We have made it very cle...

Jeff Bezos Is Expected to Become the World’s First Trillionaire by 2026 Jeff Bezos Is Expected to Become the World’s First Trillionaire by 2026

According to a new study by Comparisun, the Amazon CEO's monumental fortune is growing at such a rate that he could be the inaugural member of the 13-figure club by 2026. India's Mukesh Ambani could become a trillionaire in 2033 when he will be a...

Unemployment Rate Jumped in April but Better Than Expected Unemployment Rate Jumped in April but Better Than Expected

Australia's Treasurer Josh Frydenberg said that 1.6 million Australians were on the JobSeeker rate while 6 million Australians working for more than 860,000 businesses were on JobKeeper. Pubs, sports centres, libraries and other public buildings wer...

IndiGo parent confirms it is bidding for Virgin Australia IndiGo parent confirms it is bidding for Virgin Australia

InterGlobe Enterprises, led by Rahul Bhatia, is the largest shareholder in IndiGo , the country's largest airline. "We are unable to say anything further at this stage", the company said in a statement today. Out of these, three will be shortlisted...

Sensex tanks 885 points, Nifty closes at 9,150 Sensex tanks 885 points, Nifty closes at 9,150

This also spooked investors and United States stocks closed lower, which in turn had an impact on Asian markets. Domestic equity indices kicked off Friday's session on a week note as investors remained largely unimpressed by the relief measures ann...

Trump was disappointed in China Trump was disappointed in China

More than a quarter of all confirmed COVID-19 cases are from the US. When asked on Fox Business what evidence there was to support that claim, Trump was less categorical than on past occasions, even appearing to dial back his assertion.

WTO Director-General Roberto Azevedo plans to step down WTO Director-General Roberto Azevedo plans to step down

The WTO club of 164 members, which is created to set global trading rules, has not produced any major worldwide accord since abandoning "Doha Round" negotiations in 2015. He has been the WTO's director-general since September 2013 and his second four...

Stocks fall with dollar after grim forecast from Fed chief Stocks fall with dollar after grim forecast from Fed chief

While Democrats this week proposed an additional $3tn package, Mitch McConnell, who leads the Republicans in the Senate, responded that there was "no urgency" to act. Deutsche Bank now estimates that Rome's debt-to-GDP level will hit an eyewatering 2...

Government publishes guidance on how people should safely return to work Government publishes guidance on how people should safely return to work

The guidelines include shops such as non-food stores, fashion stores and other types of retail that are now closed on the basis that the guidelines will help them consider what their operations may need to look like when they are allowed to open.

Fed will begin ETF purchases today Fed will begin ETF purchases today

Another Fed facility created to buy debt directly from issuers, the Primary Market Corporate Credit Facility, is set to launch "in the near future". Fed officials first announced the creation of the corporate credit facilities on March 23. As part of...

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