Économie

Virus shutdowns push Hertz into bankruptcy in USA and Canada

Virus shutdowns push Hertz into bankruptcy in USA and Canada The company was unable to secure a long-term agreement. "No business is built for zero revenue", former boss Kathryn Marinello said on the company's first quarter earnings conference call on May 12. The Estero, Fla. -based company, which operates Hertz, Dollar and Thrifty car-rentals, had been in talks with creditors after skipping significant car-lease payments due in April. [Full Article...]

USA stocks mostly flat Friday, but still up 3% this week

USA stocks mostly flat Friday, but still up 3% this week By 5:40 a.m. ET, U.S. West Texas Intermediate (WTI) crude futures lost $1.89 a barrel, or 5.57% to $32.03. China says it will impose new national security laws on Hong Kong that are expected to lead to more protests and further tension with the U.S. [Full Article...]

Une "réussite stratégique majeure" contre la Covid-19 — Chine

Une Face à des pays occidentaux qui peinent à maîtriser l'épidémie, Pékin vante sans complexe son modèle autoritaire. "C'est l'incompétence de la Chine , et rien d'autre, qui a provoqué cette tuerie de masse mondiale", avait tonné mercredi le président américain Donald Trump. [Full Article...]

Mark Zuckerberg Is "Confident" Of Facebook Stopping Election Interference

Mark Zuckerberg Is Facebook founder Mark Zuckerberg said Thursday he was "pretty confident" his company could help prevent attempts to influence the political outcome of the United States presidential election later this year. "Culture is built very carefully over time", he said. We " re going to do it in a measured way over time", said Zuckerberg. Zuckerberg devoted a live-streamed "town hall' meeting with employ... [Full Article...]

Americans again file by the millions for unemployment benefits

Americans again file by the millions for unemployment benefits Labor Department says roughly 38.6 million people have filed for jobless aid in the United States since the coronavirus forced millions of businesses to close their doors and shrink their workforces. Economists polled by Reuters had forecast claims would total 2.4 million in the latest week. More than one-half of the region's jobless workers - 102,000 - are in Allegheny County. [Full Article...]

Video of Costco mask confrontation highlights need to protect retail workers

Video of Costco mask confrontation highlights need to protect retail workers A Costco worker has been hailed a "hero " on social media after having a showdown with an angry shopper over the retailer's facemask policy during the coronavirus pandemic. A Twitter user who identified himself as Tison thanked people for the outpouring of support. The two Costco stores in Burnaby have become the latest businesses to require face masks upon entering their story. [Full Article...]

AAI issues guidelines for domestic flying, not final as yet says ministry

AAI issues guidelines for domestic flying, not final as yet says ministry Passengers will have to report two hours in advance and only those have a departure scheduled in the next four hours will be allowed to enter the terminal building, the Air Authority of India has said. Mats or carpets soaked with bleach (sodium hypochlorite solution) would be placed at the entrance for disinfecting shoes, it said. Instead of central air conditioning, open-air ventilation would b... [Full Article...]

Jobless claims: Another 2.438 million Americans file for unemployment benefits

Jobless claims: Another 2.438 million Americans file for unemployment benefits Across the country, more than 2.4 million people applied for unemployment benefits last week. Initial claims for state unemployment benefits totalled a seasonally adjusted 2.438 million for the week ended May 16, the Labor Department said on Thursday. [Full Article...]

New 10 per cent import tax on European cars announced

New 10 per cent import tax on European cars announced The UK is aiming to have 80 percent of its external trade covered by free trade agreements by 2022. The UK government sees tariffs on sectors such as the automotive industry as essential to "help support businesses in every region and nation in the UK to thrive", including manufacturing. [Full Article...]

Australian Barley Cargo Turns Away From China Amid Tensions

Australian Barley Cargo Turns Away From China Amid Tensions However, trade minister Simon Birmingham said Australia would not retaliate against China, the country's biggest trading partner. The tariffs that take effect Tuesday come a week after China banned beef imports from Australia's four largest abattoirs over labeling issues. [Full Article...]

Air France arrête l'exploitation de gros porteurs A380

Air France arrête l'exploitation de gros porteurs A380 Malgré un soutien de 7 milliards d'euros (10 milliards $ CAN) du gouvernement français et d'une promesse d'aide de 2 à 4 milliards d'euros (3 à 6 milliards $ CAN) du gouvernement néerlandais, Air France-KLM doit sabrer dans sa flotte non seulement pour éviter la faillite, mais également pour respecter l'obligation de réduire ses émissions de CO2 de 50 % sur ses vols intérieurs en France d'ici 2024... [Full Article...]

12 new cases of Covid-19 diagnosed in Kildare

12 new cases of Covid-19 diagnosed in Kildare There has now been a total of 24,251 confirmed cases of Covid-19 in Ireland. The Department of Health (DoH) daily statistics shows the death toll now standing at 482, all of which occurred in the last 24 hours. On Friday, the Northern Ireland Statistics and Research Agency (Nisra) published their weekly figures showing that 599 deaths had been recorded , up to May 8. [Full Article...]

Johnson & Johnson to stop selling baby powder in US

Johnson & Johnson to stop selling baby powder in US In a news release issued Tuesday , Johnson & Johnson said its consumer health department began prioritizing high-demand items during the COVID-19 pandemic and is now choosing to permanently discontinue several of the items it stopped manufacturing, including the talc-based baby powder. [Full Article...]

United States risks 'permanent damage' from extended shutdown: Mnuchin

United States risks 'permanent damage' from extended shutdown: Mnuchin Mnuchin said he hoped to reach a bipartisan agreement "technical fix" that would extend the loans. That observation had raised concerns that the Fed would adopt a cautious approach that would provide less financial support. The prospect of any quick rebound in employment is becoming increasingly dim with tens of millions jobless and no strong treatment or vaccine immediately available to suppor... [Full Article...]

Huawei calls new USA rules discriminatory while seeking solutions

Huawei calls new USA rules discriminatory while seeking solutions Unfortunately, Huawei is taking the lead in the [internet and communication technology] sector, which is also growing very fast". The statement was issued during an annual summit of technology analysts that it organizes at its headquarters in Shenzhen, China. [Full Article...]

Early Moderna Data Supports Vaccine by 2021

Early Moderna Data Supports Vaccine by 2021 Moderna said the vaccine appeared to show a dose response, meaning that people who the 100 mcg dose produced more antibodies than people who got the lower dose. In upcoming phases of the trial, researchers will be trying to strike a balance around the effectiveness of the vaccine at lower doses - because the lowest effective dose will allow for greater production volume when the time comes. [Full Article...]

Coalition of 116 countries back Australia's push for independent coronavirus inquiry

Coalition of 116 countries back Australia's push for independent coronavirus inquiry India has reportedly joined a global coalition of 62-nations to back Australia's call for an independent inquiry into the coronavirus in a draft resolution to put to the World Health Assembly (WHA) on May 19, 2020. Mr Canavan said China's reported decision not to oppose the inquiry "should be a routine course of action after a major health crisis". Sources said the language was strong enou... [Full Article...]

Fed’s Powell says full economic recovery may require coronavirus vaccine

Fed’s Powell says full economic recovery may require coronavirus vaccine Fed chairs use interviews on national television networks sparingly, but the 60 Minutes interview Sunday evening was his second since the US central bank began putting its financial power behind the virus fight. But he suggested that a full recovery won't likely be possible before the arrival of a vaccine. The Fed rushed in even before the economic lockdowns were fully in place, slashing the b... [Full Article...]

Air Canada va réduire jusqu'à 60% de ses effectifs

Air Canada va réduire jusqu'à 60% de ses effectifs Cependant, les licenciements, qui toucheront au bas mot, selon la même source, 19 mille salariés, soit la moitié des effectifs, pourront concerner 22 mille 800 employés. Pour minimiser le nombre de licenciements, Air Canada demandera aux agents de bord de réduire leurs heures, de prendre un congé pouvant aller jusqu'à deux ans ou de démissionner tout en conservant des privilèges de voyage, selon... [Full Article...]

La Chine dénonce les nouvelles règles américaines visant Huawei

La Chine dénonce les nouvelles règles américaines visant Huawei La Chine a commencé à menacer les États-Unis de sanctions similaires à celles que le pays asiatique a subies sous le gouvernement Trump. Il a déclaré que Huawei était depuis resté déterminé à se conformer à toutes les règles et réglementations du gouvernement américain, mais malgré ses efforts, le gouvernement américain a décidé de poursuivre et d'ignorer complètement les préoccupations de n... [Full Article...]


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