Saturday January 29-th, 2022

High unemployment, $343B deficit projected in Liberals' fiscal snapshot High unemployment, $343B deficit projected in Liberals' fiscal snapshot

He said programs like CERB nonetheless need to be "retooled toward recovery" as provincial governments continue to gradually reopen the economy. As a direct result of the COVID-19 pandemic, the federal deficit is projected to hit $343.2 billion by ...

New unemployment claims plummeted in late June relative to other pandemic weeks

About 1.5 million laid-off workers applied for USA unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening. In addition, ...

Kenyan sports minister Amina Mohamed to bid for top WTO job Kenyan sports minister Amina Mohamed to bid for top WTO job

The other contestants include; Mr Jesús Seade Kuri ( Mexico ), Dr Ngozi Okonjo-Iweala (Nigeria), Mr Abdel-Hamid Mamdouh (Egypt), Mr Tudor Ulianovschi (Moldova), Ms Yoo Myung-hee (Republic of Korea) and Mr Mohammad Maziad Al-Tuwaijri (Kingdom of Sau...

FT: Fed’s Bostic warns U.S. recovery may be ‘levelling off FT: Fed’s Bostic warns U.S. recovery may be ‘levelling off

The Fed is watching the trends very closely to understand exactly what's happening, he added. Bostic suggested that more economic support for small businesses may be needed, saying that "the longer this goes without them getting relief, the more li...

Bed Bath & Beyond in big store closing move Bed Bath & Beyond in big store closing move

The embattled home furnishings retailer, which operated a total of 1,478 stores as of May 30, announced the decision to "right-size" its real estate portfolio in reporting its first-quarter results. "We saw there were a number of stores dragging us d...

China's consumer inflation rises slightly to 2.5 pct in June China's consumer inflation rises slightly to 2.5 pct in June

Prices of vegetables rose 2.8 percent from May over flood in many regions across China and temporary closure of the Xinfadi farm produce wholesale market in Beijing for COVID-19 control. The pandemic, which has infected more than 12 million and kil...

Covid-19: furlough extended for parents on statutory leave Covid-19: furlough extended for parents on statutory leave

This comes after Sunak said the Coronavirus Job Retention Scheme ( CJRS ) in its current guise will close to new entrants at the end of this month (30 June). "I can understand why the Government chose to introduce the cut-off for the furlough sch...

Muslim woman sues Starbucks for writing ISIS on her coffee cup Muslim woman sues Starbucks for writing ISIS on her coffee cup

After telling her name for the order, Aishah realized that the employee wrote something else at the side of the cup and hid it from the view, the CBS Minnesota reported. "We have investigated the matter and believe that it was not a deliberate act ...

Gold prices today fall after rising above ₹49,000 per 10 gram Gold prices today fall after rising above ₹49,000 per 10 gram

Prices climbed to $1,818.02 on Wednesday, the highest since September 2011, the same month that bullion reached a record $1,921.17. Last week, gold and silver extended gain in the worldwide market. "The economic slowdown and global growth forecas...

Mystery victor scores $50 million Oz Lotto jackpot Mystery victor scores $50 million Oz Lotto jackpot

The supplementary numbers are: 19 - 35. The big draw had been growing over the past five weeks with no winners, making this week the ideal time for someone to win the huge cash prize! Tonight's jackpot victor is the tenth Oz Lotto division one vi...

Peter Thiel's Palantir confidentially files for public listing Peter Thiel's Palantir confidentially files for public listing

According to the announcement, the public listing is expected to take place following the SEC's review process, "subject to market and other conditions". This move of adding new board member could be ascertained as preparation to go public. The firm ...

Brooks Brothers files for bankruptcy, plans to close dozens of stores Brooks Brothers files for bankruptcy, plans to close dozens of stores

Penney. The retail sector was under severe pressure even before the pandemic. Brooks Brothers, which was originally founded in 1818, now has 200 stores in North America and 500 worldwide, most of which were closed due to COVID-19. Brooks Brothers...

Hyundai ships first hydrogen trucks to Switzerland Hyundai ships first hydrogen trucks to Switzerland

XCIENT is powered by a 190 kW hydrogen fuel cell system with dual 95 kW fuel cell stacks. Seven hydrogen tanks located between driver's seat and the cargo area contain up to 32 kg of hydrogen. To truly reduce carbon emissions, all of the trucks need ...

How Melbourne was pushed back into coronavirus lockdown How Melbourne was pushed back into coronavirus lockdown

In Sydney, authorities are working to track down 48 passengers who were allowed to disembark a flight from Melbourne overnight without being checked for Covid-19 symptoms. Of the new cases, 75 were occupants of nine public housing towers that were ea...

Value-Added Tax cut could help save summer season for hospitality businesses Value-Added Tax cut could help save summer season for hospitality businesses

In a bid to secure jobs in the hospitality sector, the Chancellor announced that the rate of Value-Added Tax applied to food - both eat in and takeaway - accommodation and attractions will be cut from 20% to 5% from next Wednesday (15 July) for a six...

United Airlines sending 'gut punch' furlough warnings to 36,000 workers United Airlines sending 'gut punch' furlough warnings to 36,000 workers

The furlough warnings went out to 15,000 flight attendants, 11,000 customer service and gate agents, 5,500 maintenance workers, and 2,250 pilots. United's warning signals the depth of potential job losses at U.S. "This crisis dwarfs all others in a...

Supreme Court upholds exemption allowing employers to skip contraceptive coverage Supreme Court upholds exemption allowing employers to skip contraceptive coverage

The high court on Wednesday said 7-2 the administration acted properly when it allowed more employers who cite a religious or moral objection to opt out of covering birth control. The agencies also crafted a workaround solution. Their insurer or th...

Wall Street drops as COVID-19 cases mount Wall Street drops as COVID-19 cases mount

The Dow Jones Industrials dropped 396.85 points, or 1.5%, to end Tuesday at 25,890.18. The Dow posted its first decline in three sessions. Netflix closed 0.1% lower after hitting a record earlier in the day. Atlanta Federal Reserve President Raphael ...

Oil stuck below $41 with signs United States crude stockpiles swelled Oil stuck below $41 with signs United States crude stockpiles swelled

The American Petroleum Institute reported inventories rose by 2.05 million barrels last week, before government data Wednesday. Oil prices were broadly stable on Wednesday, recouping earlier losses after rising U.S. "Still, expectations that the Or...

MSI CEO Charles Chiang has died after falling from a building MSI CEO Charles Chiang has died after falling from a building

Back in 1999, he joined MSI as a VP of Engineering, progressing to his current position as CEO of the company in January of a year ago. Micro-Star International, or MSI, first built its reputation on developing and manufacturing computer mother...

China Rally Will Struggle to Drag Global Stocks Along for Ride China Rally Will Struggle to Drag Global Stocks Along for Ride

On Monday, they bought about 16.4 billion yuan ($2.33 billion) worth of A-shares via the Stock Connect, according to Refinitiv data. Reports of the "healthy bull market" was displayed in a front-page editorial in the state-owned newspaper China S...

U.S. awards $1.6 billion to Novavax for COVID-19 vaccine U.S. awards $1.6 billion to Novavax for COVID-19 vaccine

Separately, Regeneron Pharmaceuticals Inc. secured a $450-million award from Operation Warp Speed under the auspices of the U.S. Biomedical Advanced Research and Development Authority, or BARDA. Besides Moderna , the company trails two other candi...

How to help a Black-owned business on #BlackoutDay2020 How to help a Black-owned business on #BlackoutDay2020

Boycotts were a key tool in creating change during the Civil Rights Era. Martyr likened Blackout Tuesday to the Montgomery Bus Boycott in the 50s. In short, it's a Black Lives Matter-adjacent moment that aims to highlight the importance of Black li...

Twitter employees can work from home 'forever' if they want, CEO says

Twitter is one of the first companies that did not hesitate to shift to the work-from-home model permanently. Twitter CEO Jack Dorsey broke the news to employees in an email. "It will be careful, intentional, office by office and gradual", i...

Boohoo will finish with suppliers that don't meet rules Boohoo will finish with suppliers that don't meet rules

Last week, boohoo's factories were linked to the coronavirus outbreak in Leicester by a garment worker's lobby group Labour Behind the Label . "We will not hesitate to immediately terminate relationships with any supplier who is found not to be ...

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