Économie

Buffett's Berkshire posts nearly $50 billion loss as coronavirus causes pain

Buffett's Berkshire posts nearly $50 billion loss as coronavirus causes pain Still, the insurer, like others, is offering relief on premiums to policyholders. Just like the rest of the market and economy. The company shifted to an online meeting and cancelled all the events surrounding the event because of the coronavirus outbreak. [Full Article...]

Amazon's online sales soar, profit falls as coronavirus-related costs rise

Amazon's online sales soar, profit falls as coronavirus-related costs rise Net sales of $75.5 billion beat the $73.74 billion anticipated and soared above the $59.7 billion garnered this time last year, amounting to 26 percent growth year-over-year. Operating cash flow: $39.7 billion, up 16%. "When we do that we'll see a resumption of one-day service". "Providing for customers and protecting employees as this crisis continues for more months is going to take skill, hum... [Full Article...]

Trump 'confident' coronavirus may have originated in Chinese lab

Trump 'confident' coronavirus may have originated in Chinese lab When pressed on his comments, the US President declined to give any further details, he said: "I can't tell you that". President Trump said that China might have intentionally allowed the coronavirus to spread. "What is important is that we establish what that natural host for this virus is, and the primary objective of doing that is to ensure we understand the virus more, we understand the anim... [Full Article...]

Processing Plants Ordered to Remain Open

Processing Plants Ordered to Remain Open Tyson Foods Inc is halting production at a Dakota City, Neb., beef plant today so it can deep clean the facility and screen workers for the coronavirus . "Thank you for what you're doing to keep those grocery store shelves stocked". There are a few subtle ways ranchers can hold back cattle for a few months before plants reopen, but pig farmers don't have that luxury, Apple said. [Full Article...]

United States economy shrinks 4.8% amid pandemic, worst contraction in 11 yrs

United States economy shrinks 4.8% amid pandemic, worst contraction in 11 yrs The French government expects the economy will contract at least 8 percent this year and has rushed through a crisis package worth 110 billion euros - 4 percent of GDP - to help companies and workers. Factories, hotels, restaurants, department stores, movie theaters and many small businesses are shuttered. The Italian unemployment rate stood at 8.4% in March from a downwardly revised 9.3% read... [Full Article...]

Lebanon hopes to secure International Monetary Fund aid after passing financial reform plan

Lebanon hopes to secure International Monetary Fund aid after passing financial reform plan President Michel Aoun called it a "historic day" for Lebanon . Planned reforms reportedly include cuts to state spending and a restructuring of the public debt, one of the highest in the world at 170 percent of gross domestic product (GDP). [Full Article...]

Google Meet is being made free for everyone until September

Google Meet is being made free for everyone until September Google Cloud's annual revenue run rate now exceeds US$11.08 billion. Sundar Pichai , Chief Executive Officer of Alphabet and Google, said recovery in ad spend would depend on a return to economic activity, a measure that is uncertain and will vary geography-by-geography. [Full Article...]

François Legault annonce la réouverture graduelle de trois grands types d'entreprises [VIDÉO]

François Legault annonce la réouverture graduelle de trois grands types d'entreprises [VIDÉO] Quant à l'industrie de la construction des routes, ponts et infrastructures civiles, Québec permet la reprise complète à compter du 11 mai, mais cette décision est aussi sujette à changement en fonction de l'évolution sanitaire du Québec . [Full Article...]

IRS says it’s made improvements to ‘Get My Payment’ online tool

IRS says it’s made improvements to ‘Get My Payment’ online tool The IRS today announced significant enhancements to the "Get My Payment" tool to deliver an improved and smoother experience for Americans eligible to receive Economic Impact Payments. The letter is supposed to indicate the method by which a payment was made (direct deposit or check, for instance), the amount of the payment and a phone number for the "appropriate point of contact" at the Internal ... [Full Article...]

Why Trump is keeping meat processing plants open

Why Trump is keeping meat processing plants open Trump added: "It was a very unique circumstance because of liability". The order is designed in part to give companies legal cover with more liability protection in case employees catch the virus as a result of having to go to work. Many low-income Americans, meanwhile, have been waiting in long lines at food banks, which have reported shortages. " Tyson Foods is also paying approximatel... [Full Article...]

British Airways to slash up to 12,000 jobs over Covid-19 crisis

British Airways to slash up to 12,000 jobs over Covid-19 crisis Thousands of workers at British Airways (BA) could face redundancy as the airline slashes jobs in a bid to stay afloat during the coronavirus crisis. But because of the way some of the contracts are structured, the unexpected drop has forced many of them to hand cash over to banks even as many ask governments for multibillion euro taxpayer bailouts. [Full Article...]

US House Speaker Nancy Pelosi endorses Joe Biden for president

US House Speaker Nancy Pelosi endorses Joe Biden for president With the two key endorsements, decks are now clear for a direct contest between Biden, 77 and the 73-year-old incumbent President Donald Trump, who is seeking re-election in the November 2020 presidential polls. "As House Speaker, I am proud to appoint these distinguished and accomplished leaders of the Congress", Mrs. Biden had hinted he might choose a woman as his vice presidential running mat... [Full Article...]

Ontario to unveil COVID-19 re-opening plan

Ontario to unveil COVID-19 re-opening plan Long-term care homes continue to drive the mortality rate, with 497 deaths reported among residents/patients in long-term care homes - an increase of 42 deaths from the previous report. Ontario Premier Doug Ford said on Monday that the framework being released on how the province will reopen amid the COVID-19 pandemic lays out targets it needs to hit in order to do so successfully. [Full Article...]

AIRBUS : réductions d'emplois en vue ?

AIRBUS : réductions d'emplois en vue ? L'épidémie de Covid-19 cloue les avions au sol, et met des compagnies aériennes en grande difficulté. Dans ce courrier, le président exécutif de l'entreprise Guillaume Faury écrit qu'Airbus " perd de l'argent à une vitesse inédite ". Airbus doit publier ses résultats du premier trimestre ce mercredi. Sur le plan social, "nous devrons peut-être aussi prévoir des mesures de plus grande envergu... [Full Article...]

Le chômage en hausse de 1,2% dans le Rhône au premier trimestre

Le chômage en hausse de 1,2% dans le Rhône au premier trimestre D'ailleurs, à l'échelle nationale, le mois de mars enregistre une hausse record de demandeurs d'emploi de catégorie A de 7,1% (246 100 demandeurs en plus). Un effet immédiat. Alors que depuis mi-mars le quotidien des Français est rythmé par la langueur du confinement , le bilan quotidien des victimes du nouveau coronavirus et les annonces économiques inquiétantes, voilà qu'est dévoilée une ph... [Full Article...]

The price of oil rose again

The price of oil rose again Storage capacities at Cushing, Oklahoma, a key U.S. oil hub, swelled to 59.7 million barrels last week, up 8.7 percent from the week prior, according to the U.S. Last week, USA oil fell below zero for the first time as investors scrambled to offload it before the expiry of a trading contract, but could not readily find buyers. [Full Article...]

Shell Gas Station in Wisconsin Selling Gallon for 75 Cents

According to a map posted by GasBuddy , most of Wisconsin and part of MI appear to have the lowest overall prices in the United States. Still, when compared with what gas cost just a few months ago the current price is a bargain. Those Wisconsinites who are lucky enough to live in Waushara County, though, are seeing gas prices below $1 per gallon. In fact, they're seeing prices of $0.95 per gal... [Full Article...]

PM: Rent relief coming for businesses

PM: Rent relief coming for businesses Trudeau says non-profits and charities will be eligible for the program. The federation is concerned the program may be overly complicated and too reliant on landlords to administer, the group's executive vice-president, Laura Jones, said in a statement . [Full Article...]

Oil heads for third straight weekly slide

Oil heads for third straight weekly slide In turn, "2020 isexpected to post negative oil demand, with furtherroom to the downside, should current conditionscontinue to worsen during the remainder of the year", and OPEC and its allies may come under pressure to further support oil prices as "downward risks remain significant, suggesting possibility of further adjustments". [Full Article...]

Houses Passes $484 Billion Funding Bill for Small Business Lending Programs

Houses Passes $484 Billion Funding Bill for Small Business Lending Programs He recommends that business owners who have not yet applied visit the U.S. Treasury website or other resources and have their applications filled out and documents gathered. Sen. Marco Rubio, R-FL, chairman of the Senate Small Business Committee, announced that the program has been fully funded, despite Democratic attempts to block replenishment of the funds, Breitbart reported . [Full Article...]


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