Markets

Trump's economic team braces for worsening US job market in May

Trump's economic team braces for worsening US job market in May But other White House officials have said there have been few negotiations recently. White House senior adviser Kevin Hassett predicted Sunday that the economic news would get worse before it gets better, estimating that the unemployment rate will climb to 20% or higher in May or June as a result of the coronavirus economic fallout before rebounding. [Full Article...]

Richard Branson to sell Virgin Galactic shares to save airline

Richard Branson to sell Virgin Galactic shares to save airline The Telegraph reported that presentations to potential investors by Virgin Atlantic management, due to start last week, were delayed as Shai Weiss, its chief executive, focused on last Tuesday's announcement to sack staff. The airline said it will reduce its workforce by 3150 people - equivalent to more than a 30 per cent cut. Virgin Galactic, unlike Virgin Group's airlines business, has perform... [Full Article...]

Petrol prices fall below £1 as Morrisons leads supermarket drops

Petrol prices fall below £1 as Morrisons leads supermarket drops Amid slumping demand due to lockdown and ailing oil prices globally, oil marketers halted the daily revision exercise for fuel rates. The price hovered around $31 per barrel on Monday morning. However, supermarket giant Morrisons has come up with a brilliant solution, by lowering the price of its petrol. However, on Sunday night Prime Minister Boris Johnson began encouraging more people to lea... [Full Article...]

Avianca files for bankruptcy protection

The airline has not flown a regularly scheduled passenger flight since late March and most of its 20,000 employees have gone without pay during the lockdown period. The management that took over after Efromovich's ousting was already focused on a cost-cutting reorganization dubbed "Avianca 2021". Shares in Avianca rose 4.1% to $0.88 on Friday trimming the year-to-date plunge to 81%. [Full Article...]

German High Court Decision May Imperil Stability of Euro

German High Court Decision May Imperil Stability of Euro European Commission President Ursula von der Leyen on Sunday announced that the commission could begin pursuing a legal case against Germany , which may potentially result in sanctions against Berlin. It called for a "proportionality assessment" of the ECB's bond-buying programme, which the EU's top court had already approved in 2018. The German court's ruling relates to the ECB's "Public Secto... [Full Article...]

Federal government offers bridge financing for big businesses hit by COVID-19

Federal government offers bridge financing for big businesses hit by COVID-19 Canada's unions applaud today's Large Employer Emergency Financing Facility (LEEFF) announcement, which recognizes the importance of worker interests and collective agreements. Trudeau also said companies interested in the program will be evaluated for their employment, tax and economic activity in Canada. "We've seen many oil and gas companies make commitments already around net-zero by 2050", ... [Full Article...]

Govt hikes market borrowing limit to Rs 12 lakh crore

Govt hikes market borrowing limit to Rs 12 lakh crore The authorities has elevated the market lending restrict by a whopping Rs 4.2 lakh crore to Rs 12 lakh crore for the present monetary yr 2020-21. This is 58 per cent of the total borrowing target. "There are clear signs of government finances being affected by the shutdown as revenue has ebbed and expenditure pressure will be there through the year even after the lockdown is withdrawn", CARE Ratin... [Full Article...]

Coronavirus: Saudi Arabia triples Value-Added Tax to pay for pandemic response

Coronavirus: Saudi Arabia triples Value-Added Tax to pay for pandemic response Admission to the Treasury of Saudi Arabia has declined sharply with the fall in energy prices and the cessation of air flights against the backdrop of a pandemic coronavirus . "With hardship will come more scrutiny of state spending elsewhere including the purchase of a football team and millions spent on entertainment events". [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503