Markets

Singapore eases monetary policy as virus slams economy

Singapore eases monetary policy as virus slams economy The MAS guides the local dollar against a basket of currencies and adjusts the pace of appreciation or depreciation by changing the slope, width and center of the currency band. "This stable monetary policy stance also reflects the primary role of fiscal policy in mitigating the economic impact of Covid-19", read the policy statement. [Full Article...]

Ferry operators call for inclusion in COVID-19 travel restrictions

Ferry operators call for inclusion in COVID-19 travel restrictions As of this writing, the Johns Hopkins University of Medicine says there have been almost 680,000 cases of COVID-19 reported in 177 countries and regions. Canadian Prime Minister Justin Trudeau shared the sad news of his wife earlier when she got positive in coronavirus test. The prime minister said he would continue to work from home to set an example for Canadians who are being asked to sta... [Full Article...]

Trudeau says he's 'proud' Canadians stepping up to challenge of COVID-19

Trudeau says he's 'proud' Canadians stepping up to challenge of COVID-19 Trudeau added that the government will pay 75 per cent of an employee's wage up to $58,700, equivalent to $847 per week. Trudeau, however, cautioned businesses by saying that the government is trusting them to "do the right thing" and asked them to top up the other 25 per cent of the wage if "they have the means". [Full Article...]

Amazon workers to hold walkout Monday demanding closure of Staten Island facility

Amazon workers to hold walkout Monday demanding closure of Staten Island facility Personnel at the facility-where someone recently tested positive for the virus-will "cease all operations" until their demands are heard, management assistant and lead strike organizer Chris Smalls told CNBC. Workers at Amazon's Staten Island facility have said that multiple people at the warehouse have been diagnosed with COVID-19. Colleagues began falling ill after Amazon managers came back f... [Full Article...]

Macy's to furlough majority of its 130000 workers

Macy's to furlough majority of its 130000 workers The company said it would maintain the "absolute minimum" workforce needed to maintain basic operations across its Macy's , Bloomingdales and Bluemercury brands. Like many retailers, Macy's has already said it would suspend quarterly dividend and withdrew its 2020 sales and profit forecasts in response to the uncertainty and financial hit from the store closures. [Full Article...]

Alters Policy on Facial-Recognition Investments

Alters Policy on Facial-Recognition Investments AnyVision had been accused of surveilling Palestinians in the West Bank. However, Microsoft said it stripped itself of AnyVision's stake and that it will not be a minority party to any other facial recognition firm because it can not properly supervise companies in that way. [Full Article...]

HQ Trivia makes a surprise return

HQ Trivia makes a surprise return A source close to the company confirmed to The edge The app is officially back, which means it's not just a one-time event. The company has been acquired by a private investor who has asked not to be named, the source also confirmed. Yusupov teased on Twitter in February that he was in negotiations with a company to bring headquarters back. Previous host, comedian Matt Richards, said on Twitt... [Full Article...]

Public gatherings cut to two, renters protected from eviction

Public gatherings cut to two, renters protected from eviction Prime Minister Scott Morrison said the six months of funding was necessary to ensure businesses were able to retain staff and were able to bounce back when the crisis had passed. The ban will cover playgrounds, outdoor gyms ('group' activities will be limited to only the trainer and the client) and skateparks, all of which will be closed from tomorrow. [Full Article...]


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