Économie

Federal Reserve announces $2.3 trillion in funding for households, local governments

Federal Reserve announces $2.3 trillion in funding for households, local governments On Thursday, the Federal Reserve stated an extra $2.three trillion was once to be had to give a boost to debt markets pronouncing it might act "forcefully, pro-actively, and aggressively" to struggle an financial tidal wave. That figure was down from the adjusted prior amount of 6.8 million, but the total of Americans who have asked for relief, mostly because of coronavirus-related business sh... [Full Article...]

Another 6.6 million Americans applied for unemployment

Another 6.6 million Americans applied for unemployment Over the last three weeks, the ODJFS has given $124 million to more than 195,000 claimants, the ODJFS said in a news release. During the height of the Great Recession in 2009-10, the state was paying out an average of $19 million each week. [Full Article...]

Opec+ to cut output by 10mbpd, final pact hinges on Mexico joining

Opec+ to cut output by 10mbpd, final pact hinges on Mexico joining Mexico was the lone holdout in an OPEC-led agreement reached after marathon overnight talks that would see output slashed by 10 million barrels per day in May and June and the cuts would gradually be reduced until April 2022. Under the Organization of the Petroleum Exporting Countries deal, Mexico would have had to cut its output by 400,000 bpd. It also said the effective cuts will be smaller th... [Full Article...]

Unemployment rate in London climbs to almost 6 per cent

Unemployment rate in London climbs to almost 6 per cent It comes amid a deluge of applications for the recently announced Canada Emergency Response Benefit, a $2,000 per month benefit for those who lost their jobs in the wake of the pandemic. On a year-on-year basis, employment was down 19,300 compared to March of last year. The decline in jobs in Canada, on a proportional basis, was steeper than what the US labor market recorded in the prior month. [Full Article...]

Alberta surpasses 1,000 cases of COVID-19; 5 more deaths confirmed

Alberta surpasses 1,000 cases of COVID-19; 5 more deaths confirmed Kenney said he's also working with the federal government on a "do no harm list" that is focused on deferring or retooling regulaions that could increase costs for the energy industry. Kenney, in a TV address Tuesday, laid out expected scenarios for the virus. There have been 29 deaths. If the province implemented no social-distancing measures, it could have experienced as many as 1.6 million infe... [Full Article...]

EU puts pressure on the Netherlands to clinch virus rescue

EU puts pressure on the Netherlands to clinch virus rescue In the event that they do ultimately agree, the mixed pan-EU and nationwide authorities responses might add up to the most important fiscal help programme in the world, surpassing that of the USA, 1 calculations confirmed. Estimated to bring the EU's total fiscal response to the epidemic to €3.2 trillion, the package has controversial elements that laid bare the deep divisions among European Uni... [Full Article...]

Coronavirus: Twitter's Jack Dorsey pledges US$1 billion for relief effort

Coronavirus: Twitter's Jack Dorsey pledges US$1 billion for relief effort If there's anything left over afterward- "after we disarm this pandemic", as Dorsey put it, "the focus will shift to girl's health and education, and UBI [universal basic income]". He expressed hopes that this move would inspire others to follow his example. Clarifying his choice to donate from Square, Inc., instead of Twitter , Dorsey said he owns a lot more of Square, and will need to "pa... [Full Article...]

Canadian companies providing medical gear, Trudeau says

Canadian companies providing medical gear, Trudeau says In his daily briefing to media outside Rideau Cottage on Tuesday, Trudeau was asked about a report by the Globe and Mail that Chinese tech firm Huawei - which the USA views as an espionage risk - is quietly shipping millions of medical masks and other protective equipment to Canada. [Full Article...]

Asian shares mostly lower, Japan gains on upbeat data

Asian shares mostly lower, Japan gains on upbeat data New York's governor said the rate of increase of deaths could be approaching a plateau, but he cautioned it was far too early to say the worst had passed. Russian Federation and Saudi Arabia have also been locked in a price war, refusing to cut production sharply even as the world is awash in excess oil. [Full Article...]

Free Market Will Curb US Oil Output 'Automatically'

Free Market Will Curb US Oil Output 'Automatically' The US success in growing crude output has frustrated some members of the production-cut pact, most specifically Russian Federation, whose oil companies have bemoaned giving up market share to the United States. " Oil prices have been volatile as the market is in wait-and-see mode". Saudi Arabia and Russian Federation are hammering out terms to a production agreement, with OPEC+ talks plann... [Full Article...]

Here's the Tesla Ventilator Prototype

Here's the Tesla Ventilator Prototype The company's new push to build ventilators underscores how quickly Tesla founder Elon Musk's stance on the virus has shifted. Tesla's ventilator developed to help meet the demand caused by COVID-19 will be "heavily based on Tesla vehicle parts", according to a video the company released. [Full Article...]

Walmart Faces Lawsuit Over Worker's Death From Coronavirus Complications

Walmart Faces Lawsuit Over Worker's Death From Coronavirus Complications Evans died on March 25 due to complications from COVID-19, the disease caused by the novel coronavirus , according to the complaint. The family of a Walmart Inc employee in IL who died after contracting COVID-19, the illness caused by the novel coronavirus, has filed a lawsuit accusing the retail giant of failing to adequately screen and protect workers. [Full Article...]

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...]

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...]


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