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Ryanair to lay off 3,000 staff as it reduces flight capacity

Further ahead the Irish carrier said that "while some return to flights is expected", it forecasts that it will carry no more than 50 per cent of its original t...

US House panel wants Bezos to testify in antitrust probe

Amazon said it has put together a dedicated team - from research scientists and program managers to procurement specialists and software engineers - that is w...

Buffett's Berkshire Posts Nearly $50 Bln Loss as Coronavirus Causes Pain

The celebrated billionaire, considered one of the world's savviest investors, said a better measure of the company's performance was its operating earnings, w...

Fed expands Main Street lending program to include bigger businesses

The program's minimum lending amount stands at $500,000. The size of the program will remain the same for now with $600 billion in loans available on the basi...

30 million Americans have filed for unemployment since the COVID-19 outbreak

The federal data only include traditional unemployment claims and do not count previously ineligible workers, such as contractors and the self-employed, who c...

Trump says coronavirus may be from Chinese lab

Speaking to reporters on Thursday, Trump said that he was confident COVID-19 originated from the Wuhan Institute of Virology, adding that Washington was "lookin...

Ryanair warns of 3,000 job cuts amid Covid-19 crisis

It will also urge some staff to take unpaid leave, and implement pay cuts of up to 20pc, while planning the closure of a number of aircraft bases across Europe....

IRS Fixes Issues With Stimulus Payment Tool

You must have a Social Security number and be a legal US resident to receive the funds. "By using Get My Payment now, more people will be able to get paymen...

Amazon says it risks loss as coronavirus pandemic increases expenses

Amazon said it would expect to earn an operating profit of $4 billion or more under normal circumstances in the current second quarter , but instead that amo...

President Donald Trump 'has seen evidence' coronavirus came from Wuhan laboratory

He declined, however, to clarify the details, adding, "I'm not allowed to tell you that". Earlier in the day, the Office of the Director of National Intellig...

Saudi foreign reserves fall to lowest record in 20 years

The Organization of the Petroleum Exporting Countries and other large oil producers, including Russian Federation, have agreed to cut output by nearly 10 millio...

USA marks biggest economic contraction in 11 years

On a report , the National Institute of Statistics and Economic Studies ( INSEE ) specifies that the decline is stronger than that recorded in previous critica...

Trump Orders Meat Plants Open, Workers Push Back

The Trump administration signed an executive order to reopen the meat plant in an effort to prevent a meat shortage, but in the latest news , meat plant wor...

NJ To Begin Making Pandemic Unemployment Assistance Payments

The Pandemic Unemployment Assistance program , or PUA, is supported by the federal Coronavirus Aid, Relief and Economic Security ( CARES ) Act and allows self-...

IRS announces 'significant enhancements' to stimulus payment tracker

However, what should have been an instructive letter coming from either the Treasury or the IRS reads more like a message that the Trump reelection campaign w...

3.8 million more Americans file for unemployment in wake of pandemic

Across the US, another 3.8 million people filed initial unemployment claims, bringing the total during the pandemic to about 30 million . The federal data ...

'Get ready': Ontario premier unveils rules for businesses ahead of reopening

We have taken a measured approach, we as a Province, 14.5 million people have taken this fight seriously. Retail businesses should consider more online orderi...

Many laid-off USA workers might make more money through unemployment

SCDEW did its best to put a positive spin on the latest numbers, noting the latest print was lower than the one preceding it ... which itself was lower than ...

Jobless Claims Hit 30 Million, Over 3 Million Americans Seek Employment Aid

That means pressure will continue to grow on governor Henry McMaster to begin reopening the state - something emergency management officials told him he c...

Coronavirus: Facebook surges on user growth in pandemic

KEEP ON BUILDING Executives said Facebook will move forward with plans to hire 10,000 new employees this year, largely in product and engineering roles, but wi...

United Kingdom 'past peak' of coronavirus outbreak- PM Johnson

The spokesperson said: "The prime minister and Ms Symonds are thrilled to announce the birth of a healthy baby boy at a London hospital earlier this morning"....

Hedge funds, private equity firms barred from PPP loans

Senate giving roughly 484 billion to restart a small business loan program and give more money for health care providers and virus testing. The loans were ...

Oil prices soar as U.S. inventories grow less than expected

The more active July contract added 94 cents, or 4.1 per cent, to $23.68. West Texas Intermediate, the United States benchmark, for June delivery jumped 14.5 ...

"Literally A Pipe Organ For China": Trump's Latest On WHO

Trump said , while the U.S. on average has given the World Health Organization a financial aid between USD400 and USD500 million, and China is giving USD38 mil...

Kentucky Apologizes for Denying Tupac Shakur Unemployment Benefits

That one person thinking that they were amusing, using somebody else's identity is gonna make tens of thousands, potentially of other people wait. "Not OK. Ho...

Sebastian ‘Phase One’ Reopening Process for May 4

DeSantis and other Florida officials want the public's opinion on reopening the state. DeSantis said that moving to a Phase 2 would be based on both hospital ...

Wall Street jumps on hopes of potential coronavirus drug

Stocks that have held up the best through this year's sell-off, meanwhile, were down the most sharply on Tuesday. The Dow Jones Industrial Average was up 486...

Boeing will cut workforce by 10%, slow production

Industry sources have said Boeing was interested in Embraer mainly for access to lower-cost engineers and new manufacturing options, but it is now pondering cut...

Oil rallies on hopes economy will reopen sooner than expected

US West Texas Intermediate (WTI) crude futures climbed to a high of US$14.40 a barrel and were up 15.4 percent, or $1.90, at $14.24 at 0233 GMT, paring a 27 p...

U.S. House Speaker Nancy Pelosi Endorses Joe Biden For President

Democratic U.S. presidential candidate and former Vice President Joe Biden speaks during the 11th Democratic candidates debate of the 2020 U.S. presidential c...

Coronavirus: Trump orders meatpacking plants to stay open

Unions fired back, saying the White House was jeopardizing lives and prioritizing cold cuts over workers' health. The announcement was made on the heels of Ty...

President Trump Signs Executive Order to Keep Poultry and Meat Plants Open

Tyson - which employs some 100,000 workers nationwide - has suspended operations at its pork plant in Waterloo, Iowa. According to the executive order , rece...

Meat Producers at Risk As Trump Keeps Plants Open During COVID-19

The 15 largest pork-packing plants account for 60% of all pork processed in the country, according to the AP. Unions fired back, saying the White House was je...

No Hard Dates To Reopen Ontario Economy

For businesses that were ordered to close or restrict operations, opening select workplaces that can immediately modify operations to meet public health guidanc...

Google's cloud revenue soars while ad biz takes COVID-19 hit

He said Google's dedicated COVID-19 information hub has received over 20 billion views. Alphabet's first quarter earnings are in, and Google's parent compan...