Markets
USA core consumer prices suffer record fall in April
Sales increased 4.4% in April compared to the same month a year ago to just over 2 million vehicles, according to data published Monday by the China Association of Automobile Manufacturers. In the last two months, airline fares have dropped 26%, sending the index to levels not seen since the late 90s. Fruits and vegetables went up 1.5%, while cereals and bakery products increased 2.9%. [Full Article...]
Twitter says many employees may work remotely ‘forever’
Twitter CEO Jack Dorsey told employees in an email Tuesday that they can keep working from home indefinitely, even after COVID-19 related lockdowns end. We were uniquely positioned to respond quickly and allow folks to work from home given our emphasis on decentralization and supporting a distributed workforce capable of working from anywhere. [Full Article...]
Twitter to allow most employees to work from home permanently
Dorsey also said Twitter is unlikely to reopen its offices until September at the earliest, BuzzFeed News first reported. Nearly all business travel will remain on ice until then, and there will be no scheduled in-person events for 2020. [Full Article...]
Still waiting for IRS stimulus check? How to get it faster
The agency has said that it has already issued about 130 million payments. Our newsletter delivers the local news that you can trust. You have successfully signed up for the TAPinto Montville Newsletter. As a result, your stimulus check may be sent later than taxpayers who filed earlier in the year. The Non-filers tool is also available in Spanish. Automatic payments will also be sent to tho... [Full Article...]
PM Announces 20 Lakh Crore Economic Package For Mission Self-Reliant India
Prime Minister Modi had also added that he continues to feel optimistic when not even a single state sounded despondent and that this collective determination will make India win in its fight against COVID-19. In times of trouble, local has saved us. So every Indian should be vocal about local. "So lockdown 4 .0 will be in a new form with new rules", PM Modi said. [Full Article...]
Why JobKeeper could wrap up early
The payment was project to cost up to $130 billion and is legislated to be paid out until September. The JobKeeper underspend is a result of the fact only 5 million workers are covered by JobKeeper, instead of the 6 million workers it was originally created to cover. [Full Article...]
UK extends COVID job retention scheme by four months
Rishi Sunak told MPs in parliament on Tuesday he would allow firms to reintroduce workers on furlough leave on a part-time basis from July to help them recover. By that point we will have provided eight months of support to British people and businesses. We will engage with the Treasury and HMRC on the detail to ensure that this gives companies the flexibility they need to reopen safely. [Full Article...]
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...]