Markets
Jetstar and Qantas Launches Sale
Other routes have also been discounted but not to the exact same extent. While Qantas fares haven't been put on sale, flyers will earn triple points on select flights bought before June 24. "To give customers extra peace of mind, we've increased flexibility on bookings and implemented a range of measures to ensure a safe environment at airports and onboard aircraft". [Full Article...]
Ontario confirms 206 new cases of coronavirus, 31 more deaths
About 85.5 per cent of the cases are considered resolved. The good news comes after yesterday's report of 54 new COVID-19 cases. "Although all indicators of COVID-19 activity have steadily declined in recent weeks, our epidemic curve and cumulative cases are a reminder of how quickly this disease can spread". [Full Article...]
U.S. Stocks Open Higher, Set for Weekly Gains
The Dow Jones Industrial Average fell 39.51 points, or 0.15%, to 26,080.1, the S&P 500 gained 1.85 points, or 0.06%, to 3,115.34 and the Nasdaq Composite added 32.52 points, or 0.33%, to 9,943.05. "At the moment, people just seemed very focused on the strength of the recovery, which is to be expected given the strength of the shutdown", said Lyn Graham-Taylor, fixed-income strategist at Rabobank. [Full Article...]
Quebec's Long Streak of Balanced Budgets Ends on Virus Costs
The disease has already killed 5,375 people in Quebec and forced 40 per cent of Quebec's economy to shut down for eight weeks. In total, Quebec has offered $28.3 billion in aid to individuals and businesses in the form of loans, subsidies, deferments, accelerated tax credits, with $8.9 billion of the total in deferral of tax payments until September 1, offering businesses transitory liquidity. [Full Article...]
Covid-19 outbreak confirmed at 2 Sisters poultry plant
Public Health Wales confirmed that 58 cases of Covid-19 have been identified at the factory in Llangefni, North Wales. It said a first member of staff at the plant at Llangefni on the Isle of Anglesey tested positive for COVID-19 on 28 May. [Full Article...]
German firm's missing money did not enter Philippines: central bank
Wirecard has been able to provide evidence of the presence of 1.9 billion euros that are supposed to be on trust accounts in banks in Asia. Talking point: Founded thanks to a reverse merger in 2005, Wirecard was once ranked among Germany's blue chips thanks in large part to aggressive expansion beyond the country's borders, with an Asia-Pacific subsidiary and a footprint in the US market. [Full Article...]
Foster says Supreme Court ruling on LGBTQ workplace protections 'long overdue'
This decision extends coverage to what is estimated to be nearly 5% of the workforce that identifies as LGBTQ. It can have a broader impact, thus affecting how both the state and federal courts will now interpret their existing anti-discrimination statues and come up with new legislative efforts to bring the laws of Pennsylvania in line with the reasoning in the federal ruling. [Full Article...]
NY reports 14.5% unemployment rate for May
Unemployment rates in ME could be twice as high as the official estimate, according to the Department of Labor. Nebraska has the nation's lowest unemployment rate at 5.2%. Major cities with the highest unemployment rates are: Prichard at 18.6%, Selma at 17.1%, and Gadsden at 15.7%. The number of unemployed Iowa residents dropped from 188,000 in April to 168,100 in May. [Full Article...]