Markets
Boeing to offer voluntary layoffs amid coronavirus crisis
The program would allow eligible workers to walk away from the company with a pay and benefits package. "We're in uncharted waters". "We're also doing everything we can". The aerospace company has more than 150,000 employees worldwide. Chicago-based Boeing, already reeling from a prolonged grounding of its 737 Max, faces a falloff in demand for twin-aisle aircraft like its 787 Dreamliner and... [Full Article...]
Trump's second coronavirus test comes back negative
In many ways, the scarf is better. "If some people are talking to you, that means they're probably not informed as to what is going on", Kushner, a former New Jersey real estate developer and investor told NBC News' Geoff Bennett , who asked him Thursday about reports that have described his role as "being something of running a shadow task force". [Full Article...]
Britons to receive 'stop-gap' loan and credit card relief - financial regulator
The City watchdog also wants interest on the first £500 of existing overdrafts to be frozen for a period. If confirmed the measures would start to come into force by 9 April. However, some firms have recently chose to increase their arranged overdraft prices. In an interview with AM, the Finance and Leasing Association's (FLA) head of motor finance, Adrian Dally, said that every effort shou... [Full Article...]
Next-gen Honda electric cars will be powered by General Motors
They also worked on the Cruise Origin , an electric, multi-passenger autonomous vehicle, which was unveiled in San Francisco earlier this year and has been used to ferry employees in that city. According to GM EVP Doug Parks, the automakers have teamed up to achieve an "all-electric future" and to deliver "a profitable EV business through increased scale and capacity utilization ". [Full Article...]
Hobby Lobby Temporarily Closing All Stores
Last month, Hobby Lobby founder David Green, a conservative Christian, reportedly cited the power for God as part of his justification for keeping stores open. According to the company's website, Hobby Lobby will furlough almost all employees without pay and is "ending emergency leave pay and suspending use of company provided paid time off benefits and vacation". [Full Article...]
Emergency Loans For Small Businesses Are Coming: Here's What To Know
The $5.9 billion-asset bank began accepting applications for the loans, which are interest-free and deferred for up to six months after closing, on Monday. Many banks have also waived overdraft and ATM fees and offered mortgage and small-business borrowers 90-day deferrals on loan payments. "We are communicating directly with our customers to provide details about the loan program and how to app... [Full Article...]
Singapore PMI Fell to Record Low in March, IHS Markit Says
The survey data were collected between March 12 and March 27, covering the period after Prime Minister Boris Johnson ordered the closure of bars, restaurants, gyms and other services businesses to slow the coronavirus outbreak on March 20. [Full Article...]
Coronavirus could cost global economy $4.1tn, ADB Says
That's down 3 percentage points from past year. Growth in China, the region's largest economy, could slow to 2.3 percent this year from 6.1 percent in 2019, before bouncing back in 2021. "Ongoing reforms to personal and corporate taxes and measures to strengthen agriculture and the rural economy and alleviate financial sector stress will help accelerate India's recovery", he added. [Full Article...]