Markets

Million Have Filed For Unemployment Since March

Million Have Filed For Unemployment Since March By the numbers: Continuing claims, which show the number of Americans collecting unemployment after their initial application, jumped by 2.5 million to another record 25 million - a sign unemployment is lingering even as states reopen. This brings the nine-week jobless claims total since the coronavirus crisis took hold in the U.S.to approximately 38.6 million people. Pennsylvania's Pandemic E... [Full Article...]

Jobless claims: Another 2.438 million Americans file for unemployment benefits

Jobless claims: Another 2.438 million Americans file for unemployment benefits Economists had been expecting around 2.4 million for weekly claims. The largest decrease in claims was in California, where claims dropped by 103,590. The jobless claims report, the most timely data on the economy's health, could offer early clues on how quickly businesses rehire workers as they reopen and on the success of the government's Paycheck Protection Program (PPP). [Full Article...]

Data of 9m EasyJet clients hit in cyber-attack

Data of 9m EasyJet clients hit in cyber-attack EasyJet confirmed that apart from those 2,208 people, the credit card and passport details of everyone else wasn't accessed. At the time of publishing this article; the origin or who was being the attack were unknown since the airline has shared limited information. [Full Article...]

McDonald's reopening gets underway as 6 'drive-thrus' open today

A motorcyclist who captured dashcam footage of a line in Chelmsford, Essex, said he thought there had been a road closure. "The last couple of months have been undoubtedly tough, both economically and socially, but the recent announcement from Government on the phased reopening of the country, offers reassurance and hope for brighter days ahead". [Full Article...]

10-Second Volkswagen Ad Spurs Outrage, Is Accused of Being Racist

10-Second Volkswagen Ad Spurs Outrage, Is Accused of Being Racist The hand pinches the man by head and then uses a finger to flick him inside the doorway of the cafe.called Petit Colon. Volkswagen initially defended the ads, but eventually backtracked and released a statement saying "We fully understand the disgust and anger in response to the video". [Full Article...]

United Kingdom sells first government bond with a negative yield

United Kingdom sells first government bond with a negative yield Financial markets increasingly expect the base rate to go negative. "With little prospect of the Treasury reining in spending any time soon, we expect purchases by the Bank of England to continue at a healthy pace to ensure that the government can finance its record levels of borrowing at record low rates over the coming quarters". [Full Article...]

Venezuela's Guaido says Iran fuel shipment ought to alarm Latin America

Venezuela's Guaido says Iran fuel shipment ought to alarm Latin America Even though it has the world's largest proven oil reserves, Venezuela has had to declare an " energy emergency " in February, to shield its oil industry from " imperialist aggression " in the form of United States sanctions. Iran has often expressed its support for the Maduro regime, which also counts on support from Russia, China, Turkey and Cuba. "If the United States, just like pirates, int... [Full Article...]

40% Indian tech startups have suspended work due to coronavirus: Nasscom

40% Indian tech startups have suspended work due to coronavirus: Nasscom The impact on startup funding is also being felt across sectors. Up to 70 percent of the startups said they have runway of less than 3 months, with B2C startups facing a bigger impact. According to sources, around 70% startups have cash reserves to last a little over two months. While servicing categories such as healthcare and edtech that are growing to increase utilization of technologies ... [Full Article...]


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