Économie

Paycheck Protection Program borrowers get more flexibility

Paycheck Protection Program borrowers get more flexibility Also, because firms would spend less time on re-hiring workers and re-booting their businesses once stay-at-home orders are lifted, the policy would support a robust economic rebound. Only about 1,500 businesses in the report have asked for loan amounts over $5 million. SBA officials said last week that applications for the second round of loans have been much slower. [Full Article...]

Pakistani company to manufacture coronavirus drug, says Dr Zafar Mirza

Pakistani company to manufacture coronavirus drug, says Dr Zafar Mirza Symptoms range from mild to severe and can result in death. IN officials say they've also received two shipments of the drug and will begin receiving shipments weekly. Remdesivir is given by injection. CDPH acknowledged the allocation for remdesivir, a COVID-19 treatment touted as the "standard of care" by Dr. [Full Article...]

Royal Mail Boss Steps Down With Immediate Effect

Royal Mail Boss Steps Down With Immediate Effect Royal Mail also said it would provide up to £50,000 towards his legal fees and a maximum £25,000 towards outplacement support. Chief financial officer Stuart Simpson had been appointed interim CEO of Royal Mail's United Kingdom parcels and letters business. [Full Article...]

U.S. state attorneys general likely to bring antitrust lawsuits against Google

U.S. state attorneys general likely to bring antitrust lawsuits against Google Congress for different abuses. USA federal and state antitrust enforcers are preparing a lawsuit against Google which could come this year, focusing on the tech giant's dominance of online advertising, The Wall Street Journal reported Friday. [Full Article...]

Tesla is working on making electric cars less expensive

Tesla is working on making electric cars less expensive The low cost batteries will make the cost of making electric cars cheaper than gas cars and will enable Tesla to slash the price of its electric cars worldwide giving Tesla a competetive edge. The move could help lower Tesla's production costs by weaning the company off expensive cobalt-based batteries. Dahn and his team began an exclusive five-year research partnership with Tesla in mid-201... [Full Article...]

Maserati MC20 avec une signature de Sir Stirling Moss

Maserati MC20 avec une signature de Sir Stirling Moss Disparu le 12 avril dernier, Stirling Moss a piloté la monoplace Maserati 420/M/58 "Eldorado " (en photo ci-dessous) le 29 juin 1958 à Monza dans le cadre de l'épreuve Trofeo dei due Mondi disputée en trois manches. Moss, qui a enregistré 16 victoires en 66 départs en Grand Prix de Formule 1, est l'un des pilotes les plus titrés à n'avoir jamais remporté le titre mondial. [Full Article...]

FM Nirmala Sitharaman announces commercial mining in coal sector

FM Nirmala Sitharaman announces commercial mining in coal sector Earlier this week, Prime Minister Narendra Modi announced a cumulative package of Rs 20 lakh crore, almost 10 per cent of GDP, to provide relief to various segments of the economy battered by the nationwide lockdown in the wake of the coronavirus pandemic. [Full Article...]

Sensex drops over 200 pts in early trade; Nifty tests 9100 level

Sensex drops over 200 pts in early trade; Nifty tests 9100 level M&M was the top laggard in the Sensex pack, cracking 4.70 per cent, followed by Axis Bank, IndusInd Bank, Hero MotoCorp, Sun Pharma and ICICI Bank. Finance Minister's stimulus aimed towards reviving the gloomy Indian economy failed to cheer up Indian stock markets as Sensex plunged by 885.72 points, which is 2.77 per cent to reach the level of 31,122.89 while, Nifty dipped by 240.80 points, wh... [Full Article...]

JCPenney files for Chapter 11 bankruptcy

JCPenney files for Chapter 11 bankruptcy The iconic business said it was filing for Chapter 11, a mechanism which allows a company that can no longer pay its debts to restructure. The U.S. department store chain, known for selling family apparel, cosmetics and jewelry at roughly 850 locations, said it reached an agreement with creditors for about $900 million of fresh financing to aid operations, while it navigates bankruptcy proceedin... [Full Article...]

S&P 500, Dow edge lower on trade war fears, virus woes

S&P 500, Dow edge lower on trade war fears, virus woes US stock index futures edged higher on Wednesday, a day after Wall Street's main indexes fell, as investors kept an eye out for Federal Reserve Chairman Jerome Powell's address. S&P 500 e-minis were up 13.25 points, or 0.46% and Nasdaq 100 e-minis were up 56.25 points, or 0.62%. Eight of the 11 major S&P sectors were lower with real estate and utilities posting the biggest percentage declines. [Full Article...]

Coronavirus pandemic pushes Germany into recession

Coronavirus pandemic pushes Germany into recession The decline in the January-March period was the second-biggest quarterly decline since Germany was reunited in 1990, exceeded only by a 4.7 percent drop in the first quarter of 2009 at the height of the global financial crisis, senior statistics office official Albert Braakmann said. [Full Article...]

Cash-Like Funds Hold Key to Why US Won't See Negative Rates

Cash-Like Funds Hold Key to Why US Won't See Negative Rates In a Fed survey set to be released tomorrow, Powell said 40% of people making less than $40,000/year who were employed in February, lost their job in March. "Now, when we are facing the biggest shock that the economy has had in modern times, is, for me, not the time to prioritize considerations like that". [Full Article...]

Head of World Trade Organization to step down early

Head of World Trade Organization to step down early Azevedo cited personal reasons for the departure, and said he was acting in the best interest of the organization. His departure comes at a hard time for the WTO, which is charged with setting global rules for trade between member states. [Full Article...]

Sanofi servira les Etats-Unis en premier s'il trouve un vaccin

Il serait " inacceptable " que le groupe pharmaceutique Sanofi serve en priorité les Etats-Unis s'il trouve un vaccin contre le Covid-19 comme l'a affirmé son patron mercredi, a jugé jeudi la secrétaire d'Etat à l'Economie Agnès Pannier-Runacher. [Full Article...]

Richard Branson to sell Virgin Galactic stake to save airline

Richard Branson to sell Virgin Galactic stake to save airline Sir Richard has previously warned the carrier will collapse unless it receives Government support. Virgin Atlantic declined to comment. The Heathrow to Tel Aviv service will run twice per day. As reported in the BBC, in March Chancellor Rishi Sunak wrote to airlines and airports urging them to find private funding and the government would only step in as a "last resort" during the coronavir... [Full Article...]

Twitter employees can work from home forever, CEO says

Twitter employees can work from home forever, CEO says Twitter started encouraging work from home as early as March 2 and went to mandate it on March 11. This made it a lot easier to settle into the new COVID-19 work routine. Work-from-home policies were also implemented early on by other tech companies like Google and Amazon , and then by a growing number of other large corporations. [Full Article...]

Britain to extend government furlough scheme till end of October

Britain to extend government furlough scheme till end of October The Road Haulage Association ( RHA ) said the furlough extension means firms will be better prepared to service inconsistent and unpredictable workloads as the economy begins its recovery. "But the devil will be in the detail about exactly what businesses will be required to do". Will anything change for self-employed workers? The figures are the first official look at the lockdown's finan... [Full Article...]

Powell warns possible sustained recession, no negative rate considered

Powell warns possible sustained recession, no negative rate considered The Dow Jones Industrial Average dropped 2.2% Wednesday, after Mr. Powell said further stimulus could be needed to support the USA economy's recovery from its coronavirus-induced contraction. "One of the main catalysts will be if the economy can open up without an increase in cases". And with the rate of the virus spread controlling how quickly regions will be able to reopen, she said, under most ... [Full Article...]

Trump preparing to ban China, bill introduced in Senate

Trump preparing to ban China, bill introduced in Senate Reiterating his oft-repeated view that China is "ripping us off", the American president said that "there are many things we could do" about it. Tensions have ratcheted up between the United States and China as they have traded barbs over the origin of the pandemic that has killed 300,000 people. [Full Article...]

Covid 19: Overseas travel won't return until 2023, experts warn

Covid 19: Overseas travel won't return until 2023, experts warn It has been predicted that global travel won't return to "normal" for at least three years. IATA Director-general Alexandre de Juniac predicted global travel would take a lot longer than originally thought. De Juniac told The Washington Post the industry opposed quarantine measures put on travellers moving between countries, such as the United Kingdom and Spain. [Full Article...]


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