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Trudeau To Offer Air Canada Help

The decision comes amid the ongoing closure of borders and confinement measures implemented to slow down the spread of the virus. "This contribution is a key in...

Hope for Coronavirus Vaccine Grows With Biotech Company’s Research Results

In the first group, aged 18 to 55 years old, 45 healthy people in the Seattle area volunteered to receive doses of the experimental vaccine in mid-March, in a...

Coronavirus: Uber CEO confirms 3,000 job cuts in second round

Uber is reportedly still moving ahead to consolidate workers into its swanky new offices in Mission Bay , adjacent to the Chase Center. "Given the dramatic i...

What could have been: Dyson's electric auto

Interior styling of the unfinished auto was radical, with a segmented seat design and a heads up display for the driver that Dyson says "floats in front of y...

Federal Reserve chairman says United States economy may not recover until late 2021

That may mean, he said, that "we can get back to a healthy economy fairly quickly". A recovery "could stretch through the end of next year", he said. "We really...

Crude Oil Futures: Oil prices rise as demand slowly recovers - Charles Schwab

Futures in NY climbed around 4% after nearly doubling in a run of three weekly advances. In April, the WTI crude fell below zero and turned negative for the f...

Japan slips into recession, worst yet to come as pandemic wreaks havoc

A man wearing a face mask amid concerns over the spread of the COVID-19 coronavirus crosses the Shibuya crossing in Tokyo on 17 May 2020. The GDP data provi...

Dyson’s scrapped electric vehicle: founder reveals what could have been

Over this weekend, however, the company chose to show off its concept through an interview led by theSunday Times Rich List with Sir Dyson. This was largely t...

Twitter Will Allow Staff To Work From Home Forever

It continued: "Twitter was one of the first companies to go to a work-from-home model". Twitter said: "The past few months have proven we can make that work...

US Facing Severe Crisis, But Not a Depression, Says Federal Reserve Chairman

It may take a while. The Fed chairman said he and other central bank officials, in conversations with businesses, labour leaders, universities and hospita...

Beijing Urges US to Halt 'Unreasonable Suppression' of Huawei, Chinese Enterprises

The Commerce Department said foreign foundries would be granted a 120-day grace period. Last May, Huawei and its non-U.S. affiliates were placed on the ...

Fed's Powell: Economy may need vaccine for full recovery

Federal Reserve Chair Jerome Powell expressed optimism Sunday that the US economy can begin to recover from a devastating recession in the second half of the ye...

Google antitrust suit being drafted by US Justice Department

But it is also focusing more broadly on concerns that Google uses its dominant search business to stifle competition, people familiar with the matter said. Just...

California officials reject subsidies for Musk's SpaceX over Tesla spat

Electric transportation news outlet Elektrek reported Friday that Tesla has chosen the Austin area as the location of the new factory. The electric vehicle ...

William Hill sales crash 57pc in lockdown

Prior to worldwide lockdowns, group total net revenue fell by 5 per cent, as United States operations continued to drive growth with a 26 per cent increase in s...

McDonald's reopening Bronson Avenue restaurant for takeout service during pandemic

The time is finally here - McDonald's is gradually starting to reopen some of its outlets in Ireland starting next week. Play Places will remain closed and rest...

Air Canada to lay off half its staff

Trudeau said the government will continue to work with Air Canada to try to determine the best way to get through the crisis. The Montreal-based company had...

China's retail sales down 7.5% in April

After months of lockdowns , China is slowly reopening its economy as the coronavirus outbreak on the mainland has come under control. That brought the pr...

JC Penney Makes $17M Missing Loan Payment to Stave Off Debt Default

The group, based in Plano, Texas, will close some stores across the United States as a result, it said in a statement. It had approximately $500 million in cash...

Tesla May Deploy 'Million-Mile' Batteries in China Later This Year

Battery capacity and production costs has always been a limiting factor in terms of the manufacturing costs of electric vehicles , and is one big reason EVs ca...

Australians warned worse still to come after job losses hit record high

However, the official jobless rate published by the Australian Bureau of Statistics only climbed by 1 percentage point, from 5.2 to 6.2 per cent in April, becau...

Stimulus fails to lift markets

The first tranche of the Central government's ₹20-lakh-crore financial package to combat the Covid-19-induced slowdown failed to enthuse stock market investors ...

Big Bang Defence Reforms Unveiled: Separate Defence Budget for Indian Industry

Sitharaman on Saturday announced giving the private sector a role in India's space programme, including in satellites, launches and space-based services. Removi...

Germany, Europe's biggest economy, slips into recession

The German economy has suffered its worst contraction since 2009, shrinking by 2.2 percent in the first quarter of the year due to the COVID-19 pandemic. Recent...

Quarantine measures make slow recovery more hard: IATA

IATA said underlying drivers behind a decades-long boom in air travel - chiefly improved living standards in emerging markets - remain solid and will ultimatel...

Twitter to let some employees to work from home permanently

The new option is for those employees who do not need to be physically present in office for certain roles that can not be done from homes. Twitter Inc. "I...

Gains Extended Amid Signs of China Demand Pickup

But crude slid along with other risk assets like stocks on Wednesday due to the government signals that a rebound may take awhile. Brent crude was up 39 cen...

Dow Jones drops 500 points on Jerome Powell's grim outlook

Postal Service. The data came after U.S. President Donald Trump ratcheted up trade tensions with China by moving to block semiconductor shipments to China's H...

Amazon founder to become world’s first trillionaire

The Amazon CEO now has a net worth of $143 billion, according to the Bloomberg Billionaire's Index , which has reportedly grown by $18 billion since April 12...

Germany in recession as economy shrinks 2.2% in 1st quarter

Germany itself started shutting down in mid-March. The day before, a study published by consulting firm Ernst & Young showed that operating profit (EBIT) of G...

Unemployment jumps in April as coronavirus shuts swathes of businesses

Morrison and Frydenberg were addressing reporters in Canberra after monthly employment data for April showed jobs dived by a record 594,300 and the unemployment...

Australia gets silent treatment from China on urgent trade talk request

Australia's National Farmers' Federation President Fiona Simson said the industry was concerned about disruptions to trade with China, which took a third of Aus...

Fed chair Powell warns of "lasting" economic damage without more stimulus

Federal Reserve Chairman Jerome Powell pushed back against the prospect the central bank would deploy negative interest rates in the US, though he didn't fully...

Sensex, Nifty Slide After FinMin Sitharaman's Initial Stimulus Fails to Excite

Asian stocks were set to rise on Friday amid investor optimism about the re-opening of the USA economy from coronavirus lockdowns and possibly more stimulus t...

Trump rules out renegotiating trade deal with China

In an interview with Fox Business Network broadcast on Thursday, Trump said he was very disappointed with China's failure to contain the coronavirus . Trump'...