Trudeau warns Trump administration about restricting medical supplies sent to Canada

It remains to be seen what the medical device manufacturer will do, but Canadian Prime Minister Justin Trudeau warned earlier today that it would be "a mistake" for the U.S.to block orders of masks to Canada under such dire circumstances , and 3M ... More..

by | Published 4 hours ago
No plans for Canada to retaliate against US for 3M restrictions
by | Sunday, April 05, 2020

No plans for Canada to retaliate against US for 3M restrictions

In a statement issued Friday morning, the company says its employees have gone "above and beyond" to manufacture as many N95 respirators as possible for the U.S. Moe said Canada should take a serious look at m...More..

Reactions As Nigerian Government Asks For Free Ventilators From Elon Musk
by | Saturday, April 04, 2020

Reactions As Nigerian Government Asks For Free Ventilators From Elon Musk

Musk said the ventilators are able to sent to anywhere that Tesla would deliver one of its electric cars. While it's unclear exactly how many ventilators Musk offered up, he earlier tweeted that he would b...More..

Japanese Investment Firm Abandons Plans to Pump $3 Billion into WeWork
by | Saturday, April 04, 2020

Japanese Investment Firm Abandons Plans to Pump $3 Billion into WeWork

Many governments have also restricted WeWork's operations due to the coronavirus pandemic. The news comes as a big blow to WeWork's shareholders, including its co-founder Adam Neumann , who was hoping to...More..

Make UK praises strengthened support on offer for businesses
by | Saturday, April 04, 2020

Make UK praises strengthened support on offer for businesses

The finance ministry said it will ban lenders from requesting personal guarantees for loans under 250,000 pounds ― one of the FSB's demands ― and will make operational changes to accelerate approvals. This incl...More..

Many college students not eligible for stimulus checks
by | Saturday, April 04, 2020

Many college students not eligible for stimulus checks

This is updated from the initial guidance included in the Stimulus Bill where the IRS said everyone need to file some sort of tax return. According to the CNN report , a memo from the House Ways and Means...More..

Boeing to offer employees voluntary layoffs
by | Saturday, April 04, 2020

Boeing to offer employees voluntary layoffs

Calhoun said the company is adjusting to its "new reality" through natural turnover and voluntary actions. The plan will reportedly allow eligible employees who want to exit the company to do so with a pay and ...More..

Inmates Dead from Coronavirus as Outbreak Spirals at Louisiana Federal Prison
by | Saturday, April 04, 2020

Inmates Dead from Coronavirus as Outbreak Spirals at Louisiana Federal Prison

Prison officials did not report to which county hospital Taylor was transported. The lawmakers called on Barr to "immediately move to release medically-compromised, elderly, and pregnant prisoners in the cust...More..

Target to Limit Number of Customers in Stores
by | Saturday, April 04, 2020

Target to Limit Number of Customers in Stores

Occupancy limits will vary by store and based on a specific location's square footage "to enhance the average space per person and reduce the possibility of congestion", Target said. It will continue to explore...More..

Global Cost of Coronavirus May Reach $4.1 Trillion, ADB Says
by | Saturday, April 04, 2020

Global Cost of Coronavirus May Reach $4.1 Trillion, ADB Says

The report forecasts regional growth of 2.2 percent in 2020, down more than three percent from earlier predictions. If realized, a two percent expansion this year will be the Philippine economy's slowest in 1...More..

Disney to furlough
by | Friday, April 03, 2020

Disney to furlough "non-essential" employees at theme parks, waives annual pass fees

Disney will pay the cost of employee healthcare premiums. These efforts follow the recent donation of more than 270 tons of food to local food banks from Walt Disney World Resort, Disneyland Resort, Disn...More..

Funding Is Available For Businesses To Pay Employees Through Paycheck Protection Program
by | Friday, April 03, 2020

Funding Is Available For Businesses To Pay Employees Through Paycheck Protection Program

Additionally, cash-flow assistance available through the Coronaviurs Aid, Relief and Economic Security ( CARES) Act helps small businesses stay afloat and helps keep workers from losing their livelihoods, Ro...More..

Social Security recipients will automatically get stimulus checks starting April 17
by | Friday, April 03, 2020

Social Security recipients will automatically get stimulus checks starting April 17

The Treasury Department now says that Americans on Social Security will not be required to file a "simple tax return " to receive a stimulus check from the US government. The remaining groups, low-income i...More..

United Kingdom banks scrap dividends on coronavirus fears, pressure on bonuses
by | Friday, April 03, 2020

United Kingdom banks scrap dividends on coronavirus fears, pressure on bonuses

The regulator asked banks to arrange for payments, and especially bonuses, at a " conservative level ". After heeding a request from the Bank of England , several of the largest banks in the United Kingdom h...More..

Mnuchin Says Small Business Owners Will Get Pandemic Relief Instructions Today
by | Friday, April 03, 2020

Mnuchin Says Small Business Owners Will Get Pandemic Relief Instructions Today

He added, "I do know we will kill this virus, and when we do, I have great confidence the economy will become roaring back". 'We're gonna re-open this economy. "We hope later today that we'll be releasing the...More..

Chinese Covid-19 statistics intentionally incomplete, USA intelligence says
by | Thursday, April 02, 2020

Chinese Covid-19 statistics intentionally incomplete, USA intelligence says

For the unversed, the U.S. lawmakers have been accusing Beijing of a cover up ever since the coronavirus broke out in Wuhan , and when China - for the first time - shed light on the asymptomatic cases in the...More..

U.S. jobless claims doubled to record 6.65 million last week
by | Thursday, April 02, 2020

U.S. jobless claims doubled to record 6.65 million last week

According to the DOL report , the COVID-19 virus continues to impact the number of initial claims. The Federal Labor Department confirmed the new record number of people seeking benefits after losing their ...More..

Oil Spikes on Trump's Diplomatic Push
by | Thursday, April 02, 2020

Oil Spikes on Trump's Diplomatic Push

Benchmark contracts Brent North Sea and West Texas Intermediate soared more than 30% after Trump's tweet. Saudi Arabia called for an urgent meeting of OPEC+ producers to discuss ways to stabilise the oil mark...More..

Costco, Home Depot adopt new coronavirus policies
by | Thursday, April 02, 2020

Costco, Home Depot adopt new coronavirus policies

The change allows only two people per membership to be inside the store at a time and is scheduled to take effect Friday, Costco said. The chain did not say how many people it would allow in its stores at o...More..

British Airways In Talks With Union To Suspend Around 32,000 Staff
by | Thursday, April 02, 2020

British Airways In Talks With Union To Suspend Around 32,000 Staff

Owned by IAG, one of the largest and most financially robust airline companies in the world, British Airways has already said it is in a fight for survival. Pilots have agreed for 50 percent less than what ...More..

U.S. Jobless Claims Rise to 6.6 Million in March 28 Week
by | Thursday, April 02, 2020

U.S. Jobless Claims Rise to 6.6 Million in March 28 Week

Some experts say the recent claim numbers suggest the nation's unemployment rate will more than quadruple thanks to the pandemic. Many state unemployment offices have also been overwhelmed by a tsunami of appli...More..

Saudis start to unleash oil wave despite U.S. pressure
by | Thursday, April 02, 2020

Saudis start to unleash oil wave despite U.S. pressure

In an apparent show of force, Aramco was loading a record 15 tankers with 18.8 million barrels of oil on a single day earlier this week, according to another official and a tweet from the company. Despite the...More..

China says manufacturing activity expanded in March, defying expectations of a contraction
by | Thursday, April 02, 2020

China says manufacturing activity expanded in March, defying expectations of a contraction

Traders headed for the safety of yen and gold following sharp slowdown in manufacturing activity in Germany, one day after data showed USA consumer confidence fell to 3-year lows. The findings, which focus most...More..

Kuwait under review for economic downgrade as oil prices fall
by | Thursday, April 02, 2020

Kuwait under review for economic downgrade as oil prices fall

The price of crude had fallen to 18-year lows as the 2 global locations slashed prices and ramped up manufacturing. At the same time demand has been hit hard by shutdowns around the world to slow the spread...More..

Carnival, HAL, MSC and Seabourn Extend Paused Operations
by | Thursday, April 02, 2020

Carnival, HAL, MSC and Seabourn Extend Paused Operations

Cunard announced new preventative measures that include canceling all sailing through May 15 instead of the previously published date of April 11. MSC Cruises has made a decision to further extend the halt...More..

Another Marriott Breach Exposes Details of 5.2M Hotel Guests
by | Thursday, April 02, 2020

Another Marriott Breach Exposes Details of 5.2M Hotel Guests

While it appears that enough personal data has been accessed for criminals to execute a phishing campaign, Marriott International says that payment information was not accessed. The chain also said it has n...More..

Obama slams rollback of vehicle emission standards in rare rebuke of Trump
by | Wednesday, April 01, 2020

Obama slams rollback of vehicle emission standards in rare rebuke of Trump

Under the Obama-era rules, automakers were to have averaged about 5% per year increases in fuel efficiency through 2026, but the industry lobbied Trump to weaken them. John Bozzella, CEO of the Alliance for Aut...More..

China says manufacturing back on track despite COVID-19
by | Wednesday, April 01, 2020

China says manufacturing back on track despite COVID-19

Employees work on a battery production line at a factory in Huaibei in China's eastern Anhui province. The NBS attributed the surprise rebound in PMI to its record low base in February and cautioned that the ...More..

Oil heads for its worst quarter ever as real crude prices plunge
by | Wednesday, April 01, 2020

Oil heads for its worst quarter ever as real crude prices plunge

Bank of America lowered its oil price forecasts for the second time in two weeks after the bank's economists projected global GDP would contract in the first half of 2020. Oil prices have fallen about 60pc this...More..

How major USA stock indexes fared Monday
by | Tuesday, March 31, 2020

How major USA stock indexes fared Monday

The Nasdaq is down 1,198.45 points, or 13.4%. JPMorgan and Citi fell 2.6% and 3%, respectively, while Bank of America lost 1.7%. The United States has the highest number of any country, more than 160,000. To be...More..

Wisconsin Station Selling Gas for 95 Cents per Gallon Amid Pandemic
by | Tuesday, March 31, 2020

Wisconsin Station Selling Gas for 95 Cents per Gallon Amid Pandemic

Prices are expected to continue to fall, DeHaan said. Right now, the average price for a gallon of gas nationwide is $2, a 13-cent drop from last week. "Motorists should continue to be vigilant if they need t...More..

Apple Still Developing New Products Such As Low-Cost iPad
by | Tuesday, March 31, 2020

Apple Still Developing New Products Such As Low-Cost iPad

However, since the employees have been working from home, Apple has eased some of the rules and is allowing employees to take devices home with them. The last thing we heard is iPhone 9 mass production has begu...More..

Chancellor Announces
by | Tuesday, March 31, 2020

Chancellor Announces "Grant" For Self-Employed Suffering Due To COVID-19

Self-employed workers in the United Kingdom can now claim 80 percent of their average monthly profits , to help them cope with the financial impact of coronavirus . It comes after it was announced last Friday...More..

Coronavirus breakthrough: 'Key' reason virus spread through Wuhan so quickly exposed
by | Tuesday, March 31, 2020

Coronavirus breakthrough: 'Key' reason virus spread through Wuhan so quickly exposed

Only one coronavirus death reported in China on Monday. The number is based on a claim that all seven funeral homes in Wuhan were handing out 3,500 urns everyday. The city of Wuhan began lifting a two-month...More..

Stocks surge again after relief bill passes Senate; indexes up 6%
by | Tuesday, March 31, 2020

Stocks surge again after relief bill passes Senate; indexes up 6%

The S&P 500 rose 10.3% for its best weekly gain since 2009. The aircraft manufacturer was the biggest gainer in the Dow Jones Industrial Average , rising 13.7%. The death toll has climbed to more than 24,000...More..