Markets
Walmart will limit number of customers, create one-way traffic inside stores
Stores will now allow no more than five customers for every 1,000 square feet at a given time, roughly 20 percent of a store's capacity. Store associates will also be marking a queue at a single-entry door, typically the grocery entrance, and direct customers through there. [Full Article...]
Man City pledge not to furlough non-playing staff
The country's soccer authorities were in talks on Saturday to discuss a proposed 30% reduction in players' wages. City are second in the Premier League table, 25 points behind Liverpool, and the league announced on Friday that play will not resume in early May as had been planned. [Full Article...]
Covid-19 Australia: The social distancing changes "are working"
The number of known COVID-19 cases has reached one million worldwide and more than 51,000 deaths have been reported across more than 175 countries and territories, according to the Johns Hopkins University tally. "Until there is a cure, a vaccine, this crisis is something we need to deal with", Berejiklian said. "We are the first country to the best of our knowledge that has been able to exceed ... [Full Article...]
Ryanair's March Traffic Declines 48% To 5.7m Customers
Statistics released by the airline show it dropped by 48% to 5.7 million guests last month due to flight bans and restrictions. In the last 12 months, about 149 million passengers took a Ryanair flight, a 4% rise on the year before, even though the company was on track to carry 154 million as late as the beginning of March. [Full Article...]
Economy Sheds 700,000 Jobs by Mid-March Amid CCP Virus Epidemic
The United States has now more than 240,000 cases and almost 5,000 dead. "This is bad but unfortunately it's nothing compared to what's coming in April", said Ian Shepherdson of Pantheon Macroeconomics, who predicts a jobless rate of 12 to 14 percent next month. [Full Article...]
Amazon is reportedly delaying Prime Day due to COVID-19
Moving forward with Prime Day in July would have been a massive, and risky, undertaking. That number could even be as high as $ 300 million, according to Amazon General Council reports in the document seen by Reuters , and could make the brand need to alter its promotion schedule. [Full Article...]
Big drop in dairy demand forces Quebec producers to dump milk
It's never been seen before in our sector". The country doesn't have a problem with shoppers clearing out dairy cases of milk, or the various other milk products in grocery stores - but it's not making up for the closings of restaurants and schools. [Full Article...]
Dow Index Drops 4 Percent As Financial Markets Continue to Plummet
Microsoft shares fell more than 3%, while Facebook, Amazon, Alphabet and Apple all traded lower amid coronavirus related fears for some of the US' biggest firms. Goldman Sachs Group said it is expecting 0% corporate earnings growth in 2020. "This is what we're seeing today and this week and over the past seven days". [Full Article...]