Économie

RBI cuts Repo Rate to 4.4% to revive economy amid coronavirus crisis

RBI cuts Repo Rate to 4.4% to revive economy amid coronavirus crisis The Indian market ended with marginal loss in the volatile week ended March 27 on the back of measures announced by the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and the Centre to provide relief for the economy amid lockdown in the country. [Full Article...]

Royal Caribbean will not qualify for bailout under United States stimulus package

Royal Caribbean will not qualify for bailout under United States stimulus package Recipients of aid, including loans or loan guarantees, must be "organized in the United States" under USA laws, have significant operations there, and have a majority of its employees based there as well, according to the Senate bill. In addition, Royal Caribbean said it has "over $3.6 billion of liquidity comprised of cash deposits and its existing undrawn revolving credit facilities" and had alr... [Full Article...]

Saudi Oil Industry at Risk as American, European Refiners Refusing Riyadh’s Crude

Saudi Oil Industry at Risk as American, European Refiners Refusing Riyadh’s Crude Marathon, one of the biggest USA producers outside of the supermajor bracket, narrowly avoided having its debt downgraded to junk by Moody's this week. Oil posted a fifth straight week of losses amid fear of more demand destruction as USA cities and businesses braced for a greater shutdown after America eclipsed China as the nation with the largest number of coronavirus infections. [Full Article...]

Tesla's New York Gigafactory to reopen for ventilator production

Tesla's New York Gigafactory to reopen for ventilator production There's no word as to when the workforce will return to regular volumes at the Tesla Gigafactory . As noted by CNBC , SpaceX employees who are able to go to work have continued to do so as the company is exempted from a shutdown for being an "essential" business. [Full Article...]

Fraudulent Medical Note Closes McDonald's

Fraudulent Medical Note Closes McDonald's The location was closed for several days while professional cleaning services were brought in to sanitize the store top to bottom. On March 23, Hamilton Public Health called police after discerning that the doctor's note was fake and they had no confirmed COVID-19 patient with the suspect's name. [Full Article...]

Self-employed to receive grants matching 80 per cent of income

Self-employed to receive grants matching 80 per cent of income This support, bringing the self-employed into line with other earners, states that the scheme, which has been hard to design, will support 95% of the UK's self-employed, only excluding the country's very highest earners. He said: "The Chancellor is advising people to take out Universal Credit loans and grants, well as I say, it's very hard getting through the telephone system, let alone the intern... [Full Article...]

IDES Releases a New Filing Schedule for Illinoisans Seeking Unemployment Benefits

IDES Releases a New Filing Schedule for Illinoisans Seeking Unemployment Benefits Department officials are taking several measures to meet the unprecedented need for unemployment benefits, due largely to reduced hours and layoffs related to the coronavirus pandemic, agency communications director Gail Kiles Krumenauer said. [Full Article...]

Who qualifies for a relief check in the $2 trillion stimulus package?

Who qualifies for a relief check in the $2 trillion stimulus package? According to The Washington Post, people on Social Security benefits, including retirees and people on disability assistance, also will get money. Households will receive an additional $500 for each child. For example, if you owe $1,000 in federal taxes but are eligible for a $1,000 tax credit, your net liability drops to zero. When will payments go out? The bill is designed as a lifeli... [Full Article...]

Almost 16,000 Nebraskans file unemployment claims due to COVID-19

Almost 16,000 Nebraskans file unemployment claims due to COVID-19 Governors in at least 18 states, accounting for almost half the country's population, have ordered residents to stay mostly indoors. "At a certain point, we will get the spread of the virus under control", he said Thursday on NBC's "Today" show . [Full Article...]

Three Republicans call for layoff language fix before Senate coronavirus bill vote

Three Republicans call for layoff language fix before Senate coronavirus bill vote Democrats like Sen. Michael Bennet, D-Colo., voted against advancing the original bill because it did not include enough funding for hospitals for places that desperately need it to combat the virus, like rural Colorado. Three Republican U.S. senators on Wednesday said the Senate should not vote on a $2 trillion coronavirus stimulus bill until legislative language that they say would encourage... [Full Article...]

Senate passes coronavirus rescue package on unanimous vote

The White House reached a deal with Senate leaders of both parties early Wednesday morning on the legislation , which provides financial assistance to workers businesses and the healthcare system. "Congress has never passed a rescue package like this before". Hospitals and health systems across the country are expected to get $130 billion in emergency grants, while billions more would be spent ... [Full Article...]

Wall Street jumps on hopes of US$2 trillion stimulus

Wall Street jumps on hopes of US$2 trillion stimulus Majority Leader Mitch McConnell, jointly announced a bi-partisan agreement was reached, in hopes of sparing the United States from an economic depression amid the spread of coronavirus. The number of known infections has leaped past 450,000 people worldwide, and more than 20,000 have died, according to Johns Hopkins University. "The German economy is in shock", the Ifo institute said on Twitter. [Full Article...]

Top US Olympic cyclists support decision to delay Tokyo

Top US Olympic cyclists support decision to delay Tokyo Li Jinsong, deputy director of China's Shooting and Archery Management Center, told Xinhua on Wednesday that the rescheduling of the Tokyo 2020, announced by the International Olympic Committee and Tokyo 2020 organizers Tuesday, will not only affect their build-up to the Olympics but also preparations for China's National Games. [Full Article...]

House Democrats release third coronavirus response bill

House Democrats release third coronavirus response bill The president wants us to get this done today. A farm lobbyist said the issues are "still being debated". "I'm anxious they're planting poison pills in there", she said. The $2 trillion proposal would include a $500 billion fund to help hard-hit industries and a comparable amount to send direct payments of up to $3,000 to millions of US families, as well as $350 billion for small-business loans, $... [Full Article...]

Dow Jones sees record jump on Tuesday amid roller coaster month

Dow Jones sees record jump on Tuesday amid roller coaster month Dow futures initially surged but were last down 142 points, or 0.7%, suggesting the index would sink following a rally on Tuesday that saw it notch up its biggest point gain on record and its biggest percentage increase since 1933. " At last we have a deal ", Republican Senate Majority Leader Mitch McConnell said. It still needs to be finalized in detailed legislative language, but would give d... [Full Article...]

United States deal on $2 trillion stimulus package

United States deal on $2 trillion stimulus package The package is worth around $2 trillion, which would make it more expensive than the 2008 bank bailout and the 2009 stimulus combined. The Senate is slated to vote on the package later Wednesday. $250 billion will be set aside for direct payments to Americans, reports CNN . Unemployment insurance would also be bolstered to increase payments and extend the benefit to those who typically do... [Full Article...]

France tightens lockdown as death toll increases

France tightens lockdown as death toll increases French President Emmanuel Macron spoke by telephone with his Chinese counterpart Xi Jinping on Monday, after Saudi Arabia, which now presides over the G20, last week called for a "virtual" summit. "It (the lockdown) will last as long as it needs to", he added. The news comes after French health authorities confirmed an additional 231 deaths from the coronavirus, bringing the state's total to 1... [Full Article...]

U.S. crude oil inventories down last week: API

U.S. crude oil inventories down last week: API British investment bank Barclays said it has reduced its Brent and WTI price forecasts by $12 per barrel for 2020, noting that they are now below both the curve and consensus. Crude inventories rose by 1.6 million barrels in the most recent week. Oil prices extended falls for a third session on Wednesday. "We are entering into the single worst reset in energy prices in my lifetime", said one... [Full Article...]

Le lancement de Disney+ a officiellement été repoussé

Le lancement de Disney+ a officiellement été repoussé De plus, contrairement à Netflix qui utilise ses propres serveurs, Disney+ utilise une distribution multi-CDN beaucoup plus gourmande pour les opérateurs qui n'ont pas besoin de cela en ce moment. La plateforme SVOD ne sera accessible en France qu'à partir du 7 avril . Disney + s'appuie sur un catalogue particulièrement riche avec les films de la saga Star Wars , des séries Marvel, "La ... [Full Article...]

Wall Street surges on expectation of $2 trillion rescue package

Wall Street surges on expectation of $2 trillion rescue package The Dow burst 11.4% higher, while the more closely followed S&P 500 index leapt 9.4% as a wave of buying around the world interrupted what has been a brutal month of almost nonstop selling. "I don't think there's any representative in the House or ... in the Senate who's gonna be willing to sit back and debate a lot of issues ... and political talking points when you have what could be essentially... [Full Article...]


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