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Moody's downgrades ratings of 8 firms, 3 banks

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Coronavirus: Emergency business loan scheme revamped after criticism

This is a national effort and we'll continue to work with the financial services sector to ensure that the £330 billion of government support, through loans and...

Banks bow to pressure and axe dividend payments

BRITAIN'S top banks have axed dividend payments after pressure from the regulator, saving their capital as a buffer against expected losses from the economic ...

Great time for long-term investors to put money into U.S.- Mnuchin

Mnuchin said he anticipated at least a "rough" second quarter for the USA economy from lockdowns that the authorities have imposed and President Donald Trump...

'US wants to shift the blame': China denies hiding coronavirus cases

An intelligence report submitted to the White House claims China concealed the true number of COVID-19 cases and deaths. The French news agency AFP repor...

Record 6.6M Americans filed for jobless benefits last week

Labor Department Thursday. "Nearly every state providing comments cited the COVID-19 virus", the report says. Expect extraordinarily weak economic reports ove...

Saudi Arabia Seeks Urgent OPEC+ Meeting To Stabilise Oil Market

With gains remaining substantial over Wednesday's closing levels, "traders are taking the view the two feuding nations. will come to some agreement in term of l...

BA leaves Gatwick, moves all London flights to Heathrow T5

British Airways is one of the airlines helping the government to bring home hundreds of thousands of British people stranded overseas. EasyJet ( EZJ.L ) annou...

U.S. jobless claims surge to record 6.6 MILLION amid coronavirus lockdown

A total of 6.65 million people filed jobless claims in the week ended March 28, according to Labor Department figures released Thursday, as many stores and rest...

Home Depot Stops Selling N95 Masks, Will Donate Supplies to Hospitals

Home Depot launched new safety measures Wednesday that include limiting the number of customers who will be allowed in the store at any given time. Costco has a...

Trump says he expects Saudi-Russia oil production deal in coming days

Oil rounded off its worst quarter by the end of March as prices plunged 70 per cent from the start of the year, even as US President Donald Trump attempted to b...

Eurozone March final manufacturing PMI 44.5 vs 44.8 prelim

Analysts polled by Reuters had expected the official PMI to come in at 45 for the month of March. "The manufacturing sector was knocked sideways by the imp...

Trump says ready to help end Saudi-Russian oil-price war

As of 0830 GMT, Brent was down $1.45, or 5.5%, at $24.90. The market has slumped on the sharp fall in demand because of the coronavirus pandemic and rising ...

New Marriott data breach affects millions

From mid-January of this year through the end of February, "an unexpected amount of guest information" was accessed through two employees' login credentials, Ma...

Asian Markets Mixed; China PMI Beats Forecasts but Fails to Impress Investors

China's official measure of manufacturing activity rebounded to show surprise growth in March as the coronavirus crisis appeared to ebb in the country where...

Oil rig closures rising as prices hit 18-year lows

During a phone call on Monday evening, the USA and Russian leaders agreed to have their top energy officials discuss stabilising oil markets, the Kremlin said. ...

Apple hardware teams learning new ways for upcoming devices

However, let us remind you that the iPhone manufacturer Foxconn had to postpone the re-opening of the iPhone assembly facility because strict quarantine measure...

It’s been almost 1,500 days since MI gas prices were this low

The goal behind the low prices? Gas prices are plunging primarily because Floridians are not driving as much as they normally do this time of year . Pump pri...

U.S. futures rise at end of dismal first quarter

Stocks experienced gains earlier on Monday after drug giant Johnson & Johnson (JNJ) announced plans to start human testing of an experimental vaccine against th...

Wuhan lockdown significantly cuts COVID-19 infections

Some Wuhan residents estimated that many funeral homes in the city are giving out 3,500 urns each day, while another calculation estimated the capacity of each ...

Holland America Line pauses its global cruise operations for 30 additional days

We recently looked into the financial reports for the three public cruise companies - Carnival Corporation & PLC, Royal Caribbean Cruises LTD., and Norwegia...

Air Canada Puts 16,500 Staff on Furlough, Cuts Operations

The airline said the cuts, which will take effect around April 3, are meant to be temporary and were partly achieved through voluntary programs. The airline w...

‘I am feeling so much better’: Canadian PM’s wife recovers from coronavirus

Canada's top doctor says this coming week will be a crucial time during which public health officials will start to see if the aggressive physical distancing me...

Macy's Furloughs Most Of Its 130,000 Workers

The company, which has about 130,000 employees, earlier this month shut its more than 800 stores, suspended quarterly dividend and withdrew its 2020 forecasts. ...

COVID-19: Amazon Workers In NYC Plan To Strike Over Safety Concerns

As many as seven workers have tested positive for the coronavirus at the Staten Island, New York , facility. Up to 200 staff members will walk off the websit...

Microsoft sells stake in Israeli face recognition firm #52785

Even so, Microsoft said that as a result of the probe it chose to exit the business of investing in facial recognition startups altogether. Microsoft has define...

Coronavirus: More lockdowns as public gatherings are limited to two people

The measure is the strictest to be introduced by the federal government . Mr Morrison said that outside gyms and skate parks would be closed from Monday, and...

Coronavirus: Oil price collapses to lowest level for 18 years

Brent crude, the global benchmark for oil prices , was down US$1.92, or 7.7 per cent, at US$23.01 by 1027 GMT, after earlier dropping to US$22.58, the lowest s...

Detroit Auto Show canceled; venue will be converted into field hospital

NAIAS is held each year in the TCF Center, formerly known as the Cobo Center. "Although we are disappointed, there is nothing more important to us than the h...

Slack To Integrate With Microsoft Teams For Cross-Platform Calls

There's no indication of when the integrations might roll out to Slack users. Microsoft Teams is not the only business-focused software that sees a increase...

Questions remain over Chancellor's self-employed aid package

Employees kept on by struggling businesses during the coronavirus outbreak will have 80% of their wages subsidised by the government, but ministers were criti...

Oil slides as pandemic darkens demand outlook

EDT (2213 GMT), while US crude futures lost 5.6%, or $1.17, to $20.34 a barrel. American benchmark West Texas Intermediate was at $25.15 a barrel at the same ...

Public gatherings cut to two, renters protected from eviction

The Prime Minister has defended the move to allow passengers on board the Artania into Perth to be treated in private hospitals as following the "moral rules" o...

Istacart workers plan to go on strike Monday

A Medium post signed by shoppers with the group calling itself the Gig Workers Collective accused Instacart of "profiting astronomically off of us literally r...

New outdoor rules as 16 die from virus

Police around the nation are preparing to enforce the new measures including the two-person gathering rule. What happens if you live with more than two peop...

Trump announces new coronavirus test that can deliver results within five minutes

But those tests, from the manufacturer Cepheid, are to be used mainly in hospitals. The company states their test is different than what's now in the market b...