Markets

Coronavirus impact: United States oil plunges 25%, Brent falls below $20 a barrel

Coronavirus impact: United States oil plunges 25%, Brent falls below $20 a barrel Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries as well as other producers have since reached a new agreement on output cuts, helping to lift oil prices off historical lows but with many saying that deeper reductions will be needed. [Full Article...]

Almost 10000 businesses apply for wage subsidy, Trudeau says — NewsAlert

Almost 10000 businesses apply for wage subsidy, Trudeau says — NewsAlert Applications opened early this morning and payments can be retroactive to the middle of March. It may take longer for the money to arrive for companies that aren't signed up for direct deposit with the Canada Revenue Agency. The prime minister is expected to discuss that program more later on Monday. The subsidy is not available to workers already receiving the $2,000 monthly Canadian Emergenc... [Full Article...]

Social Security Recipients Will Start Getting Stimulus Checks This Week

Social Security Recipients Will Start Getting Stimulus Checks This Week Get all the latest news on coronavirus and more delivered daily to your inbox. On Friday, the IRS offered an update on how many payments have been sent out so far. The IRS is expected to be making "critical system updates". As of Friday, April 24, the IRS has issued 88.1 million stimulus checks to taxpayers, with the average check amount totaling $1,791. [Full Article...]

Coronavirus: Airbus boss says it's bleeding cash and warns of deeper cuts

Coronavirus: Airbus boss says it's bleeding cash and warns of deeper cuts On 8 April, Airbus cut production to help ease the impact to manufacturing from the coronavirus pandemic. Airbus is ramping down production of airlines during the pandemic reducing A320 lines from 60 per month down to 40 and will now produce just a handful of A330 and A350 aircraft per month, roughly two-thirds of its pre-pandemic production rate. [Full Article...]

Oil falls, June WTI leads losses on storage fears

Oil falls, June WTI leads losses on storage fears USA oil futures led losses after US crude inventories rose to 518.6 million barrels in the week to April 17, near an all-time record of 535 million barrels set in 2017, while floating crude oil storage has hit an all-time high of 160 million barrels. [Full Article...]

Coronavirus fines for coughs, sneezes and spit

Coronavirus fines for coughs, sneezes and spit QLD Premier Annastacia Palaszczuk with the latest coronavirus update. DESPITE the announcement, a Myer spokesman confirmed to The Courier-Mail that stores would remain closed for the time being. after they were told applications for the QRIDA concessional loan program had closed", Ms Leahy said. "I just urge everyone, if the new rules aren't adhered to, if people go beyond what's been put in... [Full Article...]

Ontario reports 437 new cases of COVID-19 as total tops 14,000

Ontario reports 437 new cases of COVID-19 as total tops 14,000 Confirmed cases of COVID-19 in Canada. The premier called a protest in Toronto demanding the reopening of the economy "irresponsible". At least 654 residents of long-term care homes in Ontario have died due to COVID-19 and more than 1,900 health-care workers have been diagnosed with the virus. [Full Article...]

Covid-19: Kolkata woman in Oxford University vaccine project team

Covid-19: Kolkata woman in Oxford University vaccine project team It included United Nations chief Antonio Guterres as a speaker, as well as global leaders like German Chancellor Angela Merkel and South African President Cyril Ramaphosa. In a major development, Cyrus S. Poonawalla's Serum Institute of India has confirmed that it will start making a vaccine for COVID-19 next month. [Full Article...]


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