Money

Marriott is beginning to furlough employees

The staff reductions will include everyone from general managers to housekeepers, as layoffs or furloughs at the corporate level are still under discussion, acc...


Amazon confirms the first known COVID-19 case in a United States warehouse

The delivery station, which is located near LaGuardia Airport, has now been temporarily closed for cleaning, and the employees have been sent home with pay. New...


European stocks mostly down despite promise of huge stimulus by central bank

It also came after her gaffe, last week, when she said that the ECB's initial, €120bn pandemic crisis package was not created to "close spreads" - the differenc...


Coronavirus: Facebook to support businesses affected by COVID-19

Facebook's coronavirus information centre will provide accurate and current news about the pandemic , sourced from reliable entities like verified news out...


Interest rate cut for SA seems likely due to coronavirus crash

The Central Bank of Iceland announced yesterday that it is lowering interests rates by 0.50 percentage points in response to the economic impact of the COVID-19...


Trump labels coronavirus 'Chinese' 3 times in an hour

Trump's tougher language marked an escalation in a bitter war of words between the world's top two economies that has widened to include the global pandemic and...


Australians advised not to travel overseas

Morrison said the government would remove practicing restrictions on about 20,000 nursing students so they could join the response. Morrison gave the directiv...


Coles, Woolworths respond to virus-related shopping spikes

To try and solve this problem, Woolworths has today announced the introduction of a dedicated shopping hour for the elderly and those living with a disability...


Stocks Hammered, Dow Drops To Lowest Since February 2017

The WTI futures in NY fell to the 20-dollar-a-barrel level. The spread of the coronavirus additionally drove the New York Stock Exchange to on Wednesday rep...


Hyundai i30 Sedan revealed to replace Elantra

The automaker has sold more than 3.4 million Elantras in the US and more than 13.8 million worldwide. The current generation is 6th, which arrived in overseas...


U.S. Fed to buy short-term corporate debt in emergency move

The facility resembles a backstop the Fed created for the commercial paper market in the 2008 financial crisis. "An improved commercial paper market will en...


Canadian border will be closed to ‘non-essential’ traffic over coronavirus, Trump says

Meanwhile, Canada's Foreign Minister Francois-Philippe Champagne notified that Canadian Prime Minister Justin Trudeau is going to make an announcement on the is...


Loans worth £330bn to save economy

The chancellor said he would draw up plans for more support for workers facing redundancy and said the government would consider cash payments for those hit har...


Detroit 3, UAW agree on measures to keep plants running

The Oakville Ford Assembly Plant will temporarily shut down for a week as the company works to determine its approach to the coronavirus outbreak. Anxiety h...


News RBA makes emergency cash rate cut to 0.25%

The result has been major disruptions to economic activity across the world. "This is likely to remain the case for some time yet as efforts continue to conta...


S&P 500 tumbles over 9pc as trading on Wall Street resumes

Apparently, investors aren't as reassured as the Fed was hoping by the central bank's 100-basis-point rate cut and at least $700B of government-backed securitie...


GM, Ford Say Employees Have Tested Positive For COVID-19

The Detroit Big Three and the UAW had earlier agreed to a production drawdown, but further coronavirus cases at plants has led to more extensive shutdowns. ...


House sends amended coronavirus relief bill to Senate

He held up the process because he insisted on reading the corrections. The economic relief bill, which passed in the Senate with a final vote of 90-8 (60 vote...


US crude hits 17-year low as lockdowns, restrictions spread

Saudi Arabia , the world's top oil exporter, plans to boost its crude oil exports to more than 10 million barrels per day from May while burning less crude fo...


Stocks Falter on Continued Coronavirus Volatility

S&P 500 and Nasdaq 100 futures were also up more than 3 percent, according to Market Watch . Wednesday's low just barely missed even artificial line, but every...


Air New Zealand to axe flights and jobs over coronavirus

The airline's long-haul travel network capacity will be reduced by 85% over the coming months. "I would like to thank the leadership teams at E tū, AMEA, NZAL...


NYSE to Close Trading Floor

The facilities to be closed are the NYSE equities trading floor and NYSE American Options trading floor in NY, and NYSE Arca Options trading floor in San Franci...


Republican National Committee says Trump becomes presumptive 2020 presidential nominee

The US president set "record vote tallies" by amassing whopping 1,276 delegates to his grip as he now looks destined to flag the party's ticket in the coming pr...


Ford, GM, FCA to partially shutdown plants to protect employees

The tension between the UAW and the Detroit automakers highlighted a divide in the USA labor force that extends well beyond the auto industry. The union added...


Treasury chief rejects fears virus will spark United States recession

Administration officials are already working with the Senate on the next phase, which he said will focus on help for the travel industry, including airlines, ho...


Business rates Chancellor announcement coronavirus

We will support jobs, we will support incomes, we will support businesses. "That means any business who needs access to cash to pay their rent, salaries, supp...


French anti-trust watchdog slaps $1.2 billion fine on Apple

In a statement , Apple expressed its strong disagreement over the ruling, adding that it intends to appeal against the fine . Several Apple Premium Resell...


Singapore gets food supplies despite Malaysia's virus lockdown

On Monday, Malaysia prime minister Muhyiddin Yassin announced a two-week lockdown of the country to slow the spread of the coronavirus, following a sharp spike ...


Elon Musk keeps Tesla open in shutdown zone

Local California officials on Tuesday were evaluating if and how Tesla Inc. will be allowed to continue operating its main US vehicle factory as the San Francis...


United cuts its schedule by 50%; seeks cost savings from unions

What's next: President Trump vowed this week to "backstop" airlines that have been hurt by reduced demand during the coronavirus outbreak, saying the is...