Markets
Ryanair passengers must pass temperature checks & wear masks
Willie Walsh, the boss of British Airways' parent IAG , said on Monday he would have to reconsider plans to operate about half its flights from July if the plan went ahead . The operations will take place from most of the company's 80 bases across Europe, although frequencies will be lower than previously on main routes. [Full Article...]
PPP Round 2: NJ businesses receive $8B, so far
The new bill will also allow business that take the loans to defer payroll taxes without penalty and pushes the rehiring deadline later in the year, past the June 30 date now set as businesses struggle to bring back employees who are getting more on unemployment. [Full Article...]
Futures Lower on Fear of New Virus Outbreak
Still, Mayor Bill de Blasio said the lockdown in New York City is likely to stretch into June. Crude oil pushed into positive territory after Saudi Arabia said it would unilaterally cut an additional 1 million barrels per day amid demand destruction stemming from the virus outbreak. [Full Article...]
Government mulls part-time working for furloughed staff
Mike Cherry, national chairman of the Federation of Small Businesses, said: "For small employers, there should be a way of partially furloughing staff, so that a small business which is only able to get up and running again steadily can bring back workers some of the time, but retain them via the job retention scheme the rest of the time". [Full Article...]
Australia willing to take China to the WTO over barley trade tariffs
Earlier this month, China's ambassador to Australia warned Chinese people would reconsider buying Australian beef if Mr Morrison continued calling for the investigation. "This is a case of payback", he told the Seven Network. Mr Fitzgibbon said Australia had to be assertive while maintaining good relations with China. [Full Article...]
Government extends offer to restructure debt until Monday
The talks have however not been simple, with three major creditor groups rejecting the initial proposal and pushing for improved terms. "This extension is considered necessary within the framework of the negotiations that Argentina has promoted in good faith with its creditors to reestablish the sustainability of its public debt in foreign-law bonds", the text added. [Full Article...]
Seven-seat Toyota Highlander coming to the UK
The Highlander is built on Toyota's GA-K platform, shared with the Camry and RAV4. It's actually longer than the Land Cruiser - the biggest SUV Toyota now sells here - making it the biggest Toyota you can buy in Britain that isn't a van. The high-riding SUV will feature automatic LED headlamps, wireless charging, ventilated and heated front seats and a 12.3-inch infotainment system replete with ... [Full Article...]
Feds pledge COVID-19 financing help for the country’s biggest companies
The LEEFF will provide lines of credit to larger companies, with some limits around dividends and executive pay, as well as disclosure requirements for climate change-related risks. "It's not like the money is being thrown out of helicopters for you by the private sector". The new program is called the Large Employer Emergency Financing Facility and is aimed at providing bridge financing to Ca... [Full Article...]