Économie

Amazon to Delay Prime Day Sales Event Due to Coronavirus

Amazon to Delay Prime Day Sales Event Due to Coronavirus An Amazon rep declined to comment on the report. The company has also stockpiled around five million devices for the event, which would soon be sold at a loss of around $100 to $300 million. Amazon CEO Jeff Bezos said in a recent memo to employees that his time is "now wholly focused on COVID-19 and on how Amazon could best play its role". [Full Article...]

25 milliards de dollars pour lutter contre le coronavirus — Russie

25 milliards de dollars pour lutter contre le coronavirus — Russie Si la Russie a quitté la table des négociations il y a un mois, c'est justement parce qu'elle en a assez que les producteurs de schiste américains, qui peuvent, eux, produire à volonté, soient les principaux bénéficiaires du soutien artificiel aux prix apporté par l'Opep et ses alliés. [Full Article...]

Farmers dumping milk due to supply chain roadblocks caused by coronavirus

Farmers dumping milk due to supply chain roadblocks caused by coronavirus The dairy industry is just one of the major food producers in the USA impacted by the pandemic. And as for the major dairy export markets - global sales have literally dried up as the food-service sector largely shuts down globally. In a statement to U.S. media outlet The Midwest Farm Report , Coady said: "Due to the excess milk and plants already operating at capacity, there is more milk right n... [Full Article...]

Coronavirus: Ryanair expects €1bn profits despite 48% collapse in traffic

Coronavirus: Ryanair expects €1bn profits despite 48% collapse in traffic On a rolling annual basis, the group's passenger numbers edged up by 4% to 148.6 million. The Ryanair group saw traffic in March fall by 48% from 10.9 million passengers in 2019 to 5.7 million passengers last month. Ryanair also estimated it will take an exceptional charge of about €300 million ($324 million) due to the ineffectiveness of its fuel hedging practices for this year, given that o... [Full Article...]

Tesla Will Join COVID-19 Fight By Supplying Ventilators For Free

Tesla Will Join COVID-19 Fight By Supplying Ventilators For Free WorldStage NewsOnline-- Nigerians have expressed displeasure with the Ministry of Finance for openly asking Elon Musk to assist the government with 100 - 500 ventilators on Twitter , as the COVID-19 cases continue to rise in the country. Governments across the world have been scrambling to procure enough ventilators as patients with respiratory conditions linked to the coronavirus pandemic ove... [Full Article...]

Some coronavirus stimulus checks may not arrive until September

Some coronavirus stimulus checks may not arrive until September Recipients will receive these payments as a direct deposit or by paper check, just as they would normally receive their benefits. The income levels are based on tax returns for 2019. That means the vast majority of USA households will get a check, said Howard Gleckman of the Tax Policy Center. The checks are based on your income, with the full $1,200 payments going to single taxpayers who earn... [Full Article...]

ADB sees slowdown for developing Asia-Pacific

ADB sees slowdown for developing Asia-Pacific This would be slower than the 5.9% recorded in 2019 and way below than the official target of 6.5-7.5%. China's economy is forecast to expand 2.3 percent, down 3.8 points. The current account deficit is expected to settle at 0.3% of GDP, before widening to 1.4% next year. "ADB's preliminary estimates indicate that about 0.2% to 0.4% of Bangladesh GDP may be lost due to spillover effects of the... [Full Article...]

Do You Qualify for A Small Business Loan? (And How To Apply)

Do You Qualify for A Small Business Loan? (And How To Apply) The bill established a new $349 billion program to help smalls keep their workforce on the payroll. She also said Philadelphia's Department of Commerce and PIDC are working to get more private funders, but the end goal of the fund is to provide a "life-raft" to small businesses until more federal and state aid arrives. [Full Article...]

Disney to furlough staffers 'whose jobs aren't necessary at this time'

Disney to furlough staffers 'whose jobs aren't necessary at this time' Besides Disney, numerous design companies of all sizes have been giving back too. But as the escalating coronavirus pandemic showed no sign of slowing down, Disney extended the closures "until further notice". Disney employees have received full pay and benefits during this time, and we've committed to paying them through April 18, for a total of five additional weeks of compensation. [Full Article...]

USA jobless claims surge with tally at 10 million in two weeks

The unemployment rate could spike to as high as 15% this month, above the previous record of 10.8% set during a deep recession in 1982. The report from the Labor Department showed that job cuts surpass last week's record high of almost 3.3 million. [Full Article...]

Oil price falls to $24, oversupply fears grow

Oil price falls to $24, oversupply fears grow While Wednesday's percentage rise sounds impressive it pales into insignificance when compared to the 65%+ fall in crude in Q1 - over $40/bbl. - its worst quarterly performance in history. Riyadh-based Jadwa Investment estimates that Saudi Arabia has around 154 million barrels of oil in stock. To make matters worse, space to store the huge oversupply is quickly running out. [Full Article...]

Social Security recipients won't need to file taxes to get stimulus check

Social Security recipients won't need to file taxes to get stimulus check This means that college students who are claimed by their parents will not be eligible for their own $1,200 check. But you can expect a delay if you have to wait for a paper check. Individuals with an adjusted gross income of $75,000 or less will receive $1,200. Do I still get a payment? For married couples with no children, that income amount is $150,000 or less. [Full Article...]

Marriott International reveals details of another data breach

Marriott International reveals details of another data breach While Marriott identified the incident at the end of February, the hack is believed to have started in the middle of January. In that case, Marriott said unencrypted passport numbers for at least 5.25 million guests were accessed, as well as credit card information for 8.6 million guests. [Full Article...]

Coronavirus: China hid scale of outbreak - U.S. intelligence report

Coronavirus: China hid scale of outbreak - U.S. intelligence report China isn't the only country with suspect public reporting. Subscribe now to stay ahead with the most trusted business news source. Donald Trump has said China's reported death toll and infections from the coronavirus seem "a little bit on the light side", as United States lawmakers and members of the intelligence community accused Beijing of intentionally under reporting the scale of ... [Full Article...]

Russian Federation has no plans to increase oil output - Energy Minister

Russian Federation has no plans to increase oil output - Energy Minister As of 1524 GMT, the FTSE 250 was down 0.83% at 14,427.07, while front-dated Brent was 6.04% higher to $26.33 a barrel on the ICE. The price fell to $21.65 on Monday, the lowest since 2002. The bearish mood in the market wasn't improved by a rift within the Organization of the Petroleum Exporting Countries (OPEC). Saudi Arabia and other OPEC members have not agreed to hold a technical meeting i... [Full Article...]

Baisse importante du prix des carburants en Martinique au 1er avril 2020

Baisse importante du prix des carburants en Martinique au 1er avril 2020 Le mécanisme de réglementation des prix des carburants qui en résultent permet de se conformer aux conditions réelles du marché et d'assurer la transparence sur la formation des prix hydrocarbures. En France, en moyenne, le prix du gazole a baisse de 1,10 % depuis une semaine, de 9,7 % depuis un mois et de 14,4 % (21,2€c/l). 1,14€/L soit -12 cts/L par rapport à mars 2020 (1,26€/L). [Full Article...]

S&P 500 heads for biggest ever first-quarter plunge

S&P 500 heads for biggest ever first-quarter plunge The yield on the 10-year Treasury dropped to 0.62% from 0.70%. "We're kind of on this little milestone journey with markets", Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co, said. The relatively modest moves are a big departure from earlier in the month, when huge swings punished investors. The S&P 500 Index fell 3.4% as of 11:53 a.m. [Full Article...]

Trump Says He May Join Possible Saudi-Russia Talks On Oil's Slump

Trump Says He May Join Possible Saudi-Russia Talks On Oil's Slump Oil demand in the second quarter is expected to decline by 16.4 million barrels a day compared with the same period past year. Goldman Sachs anticipates that US supply will fall by roughly 1.4 million bpd by the third quarter of 2021 to deal with falling demand. [Full Article...]

World Health Organization official: Coronavirus epidemic 'far from over' in Asia

World Health Organization official: Coronavirus epidemic 'far from over' in Asia The pandemic is causing an unprecedented global shock, which could bring growth to a halt. Takeshi Kasai, WHO regional director for the western Pacific region, said on Tuesday that some of the possible vaccines are undergoing clinical trials for safety and effectiveness, and urged countries to take part in the studies to help produce results that can be analysed quickly. [Full Article...]

Gig workers are set to strike today demanding better protection from coronavirus

Gig workers are set to strike today demanding better protection from coronavirus Let's start with the Instacart workers. As an independently contracted worker, she doesn't mind supplying her own PPE. The same day, Amazon workers protested the company's handling of the pandemic. According to WCVB News , Instacart now has "more than 200,000 contracted workers who make multiple trips a day to various grocery stores to fulfill and deliver orders that customers make through the ap... [Full Article...]


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