Wednesday January 26-th, 2022

American Airlines, United add flights as demand recovers from virus American Airlines, United add flights as demand recovers from virus

According to a press release on its website, American Airlines will be flying "more than 55 percent of its July 2019 domestic capacity in July 2020". "We'll continue to look for prudent opportunities to restore service so our customers can travel...

Despite COVID-19 surge, Slack sales fail to deliver Despite COVID-19 surge, Slack sales fail to deliver

With the Amazon partnership in place, it seems highly unlikely now that Slack will turn to Microsoft's Azure or Google Cloud for collaboration. It is not known how many of Amazon's 840,000 employees will use Slack, though the size of the ...

Retailer Gap posts near-£1bn loss due to coronavirus Retailer Gap posts near-£1bn loss due to coronavirus

Retailers of non-essential goods, especially clothing, have been hit hard by restrictions aimed to help slow the spread of Covid-19. Like many of its competitors, Gap has been left with mountains of seasonal clothing it has not been able to sell...

Reliance Jio-Mubadala deal: 6 key things to know Reliance Jio-Mubadala deal: 6 key things to know

On May 17, New York-headquartered private equity fund General Atlantic said it will invest Rs 6,598.38 crore for a 1.34 percent stake in Jio Platforms. "I am delighted that Mubadala , one of the most astute and transformational global growth inv...

Qantas, Jetstar to Increase Domestic Flights by 40 Percent Qantas, Jetstar to Increase Domestic Flights by 40 Percent

Qantas Airways (QAN) is readying to ramp up its domestic flights to a 40 per cent capacity by the end of July. Qantas provided a state-by-state state breakdown of the group's domestic and regional schedule, which can be viewed here. Pending the su...

Joe Biden Says Joe Biden Says "Much More Work To Be Done" On Economy

Eleven days after Mr Floyd's death while handcuffed in the custody of Minneapolis police, Mr Trump said at a televised White House briefing such violence can not be allowed to happen. "Now is not the time to be complacent or take a victory lap", Sena...

Germany Decides All Gas Stations Must Offer Electric Car Charging Germany Decides All Gas Stations Must Offer Electric Car Charging

The move could provide a significant boost to electric vehicle demand along with the broader stimulus plan which included taxes to penalise ownership of large polluting combustion-engined sports utility vehicles and a 6,000 euro subsidy towards t...

Merkel announces €130 bn stimulus package, lowers Value-Added Tax for six months Merkel announces €130 bn stimulus package, lowers Value-Added Tax for six months

The stimulus programme follows a 750-billion-euro rescue package agreed by the German government in late March to mitigate the damage of the pandemic. Unemployment has risen rose to 6.3% from 5.8% over the past month. Measures included temporarily ...

Qatar Airways flight QR203 lands in trouble due COVID-19 onboard Qatar Airways flight QR203 lands in trouble due COVID-19 onboard

The suspension of Qatar Airways flights until 15 June has caused problems for those wishing to travel to Greece from Australia as the air carrier is the only provider of flights between the two countries. People who have tested negative for coronavir...

Ford Australia recalled these powerful vehicles Ford Australia recalled these powerful vehicles

In October last year, 3,160 new Rangers were sold, a small decrease on last year. The recall notice filed with the Australian Competition and Consumer Commission (ACCC) stated that the transmission fluid pump may fail during driving. CarAdvice rep...

USA stocks jump on surprise jobs data USA stocks jump on surprise jobs data

The Nasdaq Composite, which is more closely watched than the Nasdaq 100, is just about 2% below its own record high, while the S&P 500 and Dow Jones indices are 8% and 11% below their respective all-time highs. After tumbling as much as 25% earlier t...

Twitter Pulls Trump’s Tribute Video to George Floyd Over Copyright Claim Twitter Pulls Trump’s Tribute Video to George Floyd Over Copyright Claim

While some reporters quoted Trump's comments verbatim, others immediately cast Trump's reference to Floyd as part of his celebration of the positive economic outlook, rather than as a suggestion that Floyd would be pleased with the country's focus ...

Oil Rallies On Hopes That OPEC+ Will Meet On Saturday Oil Rallies On Hopes That OPEC+ Will Meet On Saturday

The producers known as OPEC+ previously agreed to cut supply by a record 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis. Saturday's meetings would start with talks between members of t...

June start of self-employed scheme "too late for millions", says McDonnell

They would need to demonstrate this by presenting three years' worth of accounts. Was the Government under pressure to deliver? "My worry is that if people can not get access to the scheme until June it will simply be too late for millions".

Biden shreds Trump for calling Friday a 'great day' for George Floyd Biden shreds Trump for calling Friday a 'great day' for George Floyd

They have to receive it. Many economists digging into the jobs report saw a struggle ahead after the burst of hiring last month. We can't let that happen. In widely circulated video footage, a white officer was seen kneeling on Floyd's neck as ...

Unemployment drops to 13.3% in May as economy adds 2.5M jobs Unemployment drops to 13.3% in May as economy adds 2.5M jobs

Despite this increase, the Unemployment Rate climbed to 13.7% from 13% in April to mark the highest reading since 1976. These losses stem mainly from the retail, accommodation and food-service sectors. The losses are hitting young people particular...

Rishi Sunak to unveil financial aid for self-employed Rishi Sunak to unveil financial aid for self-employed

Sunak has set out plans that will see the self-employed receive up to £2,500 per month in grants for at least 3 months. The measures, which are hoped to be up and running in June, mean that anyone who filed a tax return previous year will be eligib...

Canada Gets Unexpected Jobs Boost in May Canada Gets Unexpected Jobs Boost in May

Furthermore, from April to May, 2.8 million more people moved from unemployment to employment than moved from employment to unemployment. Qualtrough said 1.2 million recipients no longer require it, although it wasn't immediately clear why.

Trudeau says he’s offered provinces $14 billion to help 'safely restart' Canada Trudeau says he’s offered provinces $14 billion to help 'safely restart' Canada

Meanwhile, numbers released on Friday show more jobs were added in Canada last month, but the unemployment rate has risen to a historic level . "These models all tell us that if we relax too much or too soon, the epidemic will most likely reboun...

Alberta's unemployment rate hits 15.5 per cent Alberta's unemployment rate hits 15.5 per cent

But the 13.3 percent unemployment rate still represents a historic high. These losses stem mainly from the retail, accommodation and food-service sectors. Since mid-April, Trump has pressed state and local authorities to lift the business restric...

Canada unexpectedly adds 290000 jobs on gradual reopening Canada unexpectedly adds 290000 jobs on gradual reopening

Nationally, employment numbers rose by a surprising 290,000, bringing some bright news to the country, where a total of three million jobs have been lost due to COVID-19. "And once employers are done recalling people, the much harder, longer work of ...

United States labour market unexpectedly improves in May United States labour market unexpectedly improves in May

Trump tweeted moments after the numbers came out, quoting praise from Fox Business personalities calling the report "AMAZING", " INCREDIBLE ", "stupendous", and "a stunner" in subsequent tweets. ET, in order to take credit. The nation's unemploy...

U.S. unemployment rate could reach 20%, almost 2 million more claims expected U.S. unemployment rate could reach 20%, almost 2 million more claims expected

Unemployment levels leapt to 14.7% in April, as the coronavirus pandemic ground American life to a standstill. The decline in initial claims means the wave of layoffs caused by businesses closures ordered in mid-March to stop the spread of COVID-...

USA economy adds 2.5 million jobs in May, unemployment falls to 13.3% USA economy adds 2.5 million jobs in May, unemployment falls to 13.3%

The number of initial claims and individual claimants both decreased from the previous week, when the state reported about 37,000 initial unemployment claims filed by 24,500 individuals. The government also said that if certain workers who were class...

Chicken Industry Executives Indicted for Price Fixing Chicken Industry Executives Indicted for Price Fixing

The charge carries a maximum penalty of 10 years in prison and a $1 million fine. They are the first executives to be charged in a long-running investigation of price-fixing in the chicken industry. The $1m fine the businessmen face may be increase...

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