Wednesday January 26-th, 2022

EasyJet to resume domestic flights across United Kingdom and France EasyJet to resume domestic flights across United Kingdom and France

EasyJet will also operate flights from United Kingdom airports such as London Gatwick, Bristol, Birmingham and Liverpool, as well as to several European destinations. Further routes will be announced over the coming weeks as customer demand incr...

Coronavirus jobless claims: 2.4 million sought aid last week Coronavirus jobless claims: 2.4 million sought aid last week

Data for the prior week was revised down to show 2.687 million claims filed instead of the previously reported 2.981 million. But the number of people filing continued claims for unemployment benefits surged to more than 25 million in the week en...

US weekly jobless claims remain high as backlogs, layoffs linger US weekly jobless claims remain high as backlogs, layoffs linger

Millions have filed for unemployment benefits every week for the last two months. In the last nine weeks, jobless claims have totaled 38.6 million. Even as an increasing number of states have begun reopening their economies across the country, th...

China challenged over Aust trade hit list

Australian Trade Minister Simon Birmingham said there would be no retaliation against China, the country's biggest trading partner. The stress come as Australia attracts up strategies to take China to the worldwide profession umpire intending to te...

McDonald's reopening gets underway as 6 'drive-thrus' open today

Similar scenes were witnessed when McDonald's closed to customers on 23 March as the United Kingdom entered lockdown. A spokesman said: "With restaurant teams adjusting to new procedures to enable safe working and social distancing, things may ta...

Nine million EasyJet customers have details stolen Nine million EasyJet customers have details stolen

Johan Lundgren , EasyJet's chief executive, said there was heightened concern about personal data being used for online scams as more people worked from home because of the COVID-19 pandemic. A spokesman for easyJet declined to comment on who w...

Volkswagen pulls 'tastleless' vehicle ad depicting white hand flicking black man Volkswagen pulls 'tastleless' vehicle ad depicting white hand flicking black man

A giant white hand then appears to push him away from the vehicle, pinching him by the head and flicking him into a cafe. The hand then flicks him to an open doorway and pushes him inside a French cafe. Founded on orders by Adolf Hitler to build th...

China imposes crippling tariff on Australian barley China imposes crippling tariff on Australian barley

Beijing will certainly not yield the financial procedures are revenge for Australia's honest search of a Covid-19 query however China has a record of making use of profession as tool of polite threat: South Korea, Japan and Taiwan have all encounte...

Venezuela says Iranian tankers will get military escort Venezuela says Iranian tankers will get military escort

Even though it has the world's largest proven oil reserves, Venezuela has had to declare an " energy emergency " in February, to shield its oil industry from " imperialist aggression " in the form of U.S. "They're paying for that gasoline with bloo...

Over 40% Indian Startups Halt Operations Amid COVID-19 Pandemic: Nasscom Over 40% Indian Startups Halt Operations Amid COVID-19 Pandemic: Nasscom

Many startups have been forced to undertake severe cost-cutting measures , such as laying off staff, slashing salaries, and ceasing all expansion plans and projects, in a bid to preserve cash and have a longer runway in an uncertain operating enviro...

Venezuelan bank files legal claim with Bank of England over gold

The Central Bank of Venezuela has launched a legal claim to try and force the Bank of England to release €930m ($1bn; £820m) worth of gold it holds. The Venezuelan central bank "seeks an order requiring BoE to comply with the proposed instruction" ...

Stocks dip after gains from vaccine-fueled rally on Wall Street Stocks dip after gains from vaccine-fueled rally on Wall Street

A successful vaccine would clear the way for a faster recovery in economic growth, he said, but "clearly there's a long way to go before that would come into practice". U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell ...

United Kingdom borrows at negative interest rate for first time United Kingdom borrows at negative interest rate for first time

When bond yields are negative, it generally means investors are seeking a safe haven for their money instead of looking to earn. The bond, which matures in July 2023, sold at an average yield of -0.003%. Despite the negative yield and in a sign of ...

Warren Unfairly Attacked Mnuchin to Score Political Points — Politico Correspondent Warren Unfairly Attacked Mnuchin to Score Political Points — Politico Correspondent

U.S. central bankers saw the coronavirus pandemic posing a severe threat to the economy when they met last month and were resolved to deploy their entire arsenal in its defeat. Mnuchin said Congress put no such requirement in the CARES Act. A repo...

Walmart becomes a pandemic lifeline, online sales surge 74% Walmart becomes a pandemic lifeline, online sales surge 74%

Walmart awarded $755 million of cash bonuses to hourly associates who worked through the pandemic, increased stock bonuses by about $170 million, increased pay by $2 per hour in fulfillment centers and implemented a number of safety measures.

Australia says it doesn't want trade war with China Australia says it doesn't want trade war with China

Chinese newspaper, The Global Times , to this end, ran a piece on Tuesday that said, "Australia gets slammed to the face as global community welcomes China-sponsored resolution on COVID-19". The report suggested that China is preparing a list of pot...

M&S takes £52m hit from Covid-19 M&S takes £52m hit from Covid-19

The High Street chain also took a charge of £145m as it was left with seasonal clothing stock which it now can not offload or was stuck in warehouses pending possible future sales at knockdown prices. M&S' COVID-19 scenario assumes a 70 per cent decl...

Some stimulus payments will be sent in the form of debit cards Some stimulus payments will be sent in the form of debit cards

The cards are being distributed to individuals without bank information on file with the IRS, and whose tax return was processed by either the Andover or Austin IRS Service Center, the Treasury said. Credit cards are used 23% of the time. If you're...

Buffett's Berkshire Hathaway trims exposure to banks, sells out of Travelers Buffett's Berkshire Hathaway trims exposure to banks, sells out of Travelers

Buffett's company has been a big investor in banks in the past, normally trying to keep many of those stakes below a 10% level often scrutinized by regulators. Goldman's share price fell 33% in the first quarter as banks suffered with the corona...

Ola Cuts 1,400 Jobs As Revenues Plummet 95% Amid Covid-19 Ola Cuts 1,400 Jobs As Revenues Plummet 95% Amid Covid-19

The revenue of the company has fallen 95 per cent in last two months due to the outbreak of the coronavirus (COVID-19) pandemic , news agency PTI reported citing a note by CEO Bhavish Aggarwal . An Ola spokesperson told TechCrunch that only e...

Treasury Department Creates New Safe Harbor for Borrower’s Certification Under PPP Loan Treasury Department Creates New Safe Harbor for Borrower’s Certification Under PPP Loan

An "alternative payroll covered period" that aligns with your company's actual payroll period will be permitted. This prior guidance also established that any borrower that repaid the PPP loan in full on or prior to May 7, 2020 (subsequently extend...

'Extreme' effect: Global emissions plummet 17 per cent during lockdown 'Extreme' effect: Global emissions plummet 17 per cent during lockdown

With many countries now easing lockdown restrictions, the report estimates the impact of confinement on 2020 annual emissions will lead to a reduction of around four to seven per cent compared to 2019 levels, depending on the duration of the lockdown...

Rolls-Royce to cut 9,000 jobs amid air travel slump Rolls-Royce to cut 9,000 jobs amid air travel slump

The reorganization will predominantly impact the civil aerospace business. and the company said it's carrying out a "detailed review" of its facility footprint. That figure will now be extended to £1.3 billion on an annualized basis, £700 million fro...

Small businesses get much-needed instructions on qualifying for PPP loan forgiveness Small businesses get much-needed instructions on qualifying for PPP loan forgiveness

The money must be used over a certain period of time on things like payroll, rent and utilities. Business owners can view a copy of the application and instructions here. Borrowers are required to maintain all documentation related to the PPP loan ...

China slaps 80.5% in tariffs on Australian barley in latest salvo China slaps 80.5% in tariffs on Australian barley in latest salvo

Beijing reacted with fury to Australia's recent calls for an independent investigation into the origins and spread of the coronavirus from an initial outbreak in China's central Wuhan province. He promised China would stump up $3.1 billion over th...

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