Cuomo Prods U.S. for Test Supplies Ahead of Meeting With Trump
Hours before meeting President Donald Trump, New York Governor Andrew Cuomo said that while it may be states’ responsibility to organize virus testing, the federal government needs to be handling international supply-chain issues. His comments address a touchy subject between…
Read MoreTrump Mega-Donor, a Shipping Magnate, Pushes to End a Shutdown
An unusual email greeted employees at a Wisconsin shipping-supply company on Friday. It urged them to support a petition for the recall of the state’s Democratic governor, Tony Evers, saying he was violating their constitutional right to work during the…
Read MoreBundesbank Says Covid-19 Pushed German Economy Into Severe Recession
The coronavirus outbreak and the subsequent containment measures have plunged the German economy into a severe recession and an immediate recovery is unlikely, the Bundesbank said in its monthly report released on Monday. “How big the decline in overall economic…
Read MoreOil's epic selloff rages on
Trump: ‘This is a great time to buy oil’ President Trump says with oil prices plummeting, Congress should either charge to store oil, or ask to buy it at a low cost. A historic selloff in the price of oil…
Read MoreUK furlough scheme could just delay massive unemployment rise
Unemployment up a tad to 4%. Job vacancies and pay growth down a fraction. Britain’s latest official labour market figures are a bit like the Domesday Book: comprehensive and rich in detail but of historical interest only. The contrast between…
Read MorePolarityTE Projects Fall In Q1 SkinTE Revenue Due To COVID-19 – Quick Facts
PolarityTE, Inc. (PTE), a biotechnology company developing regenerative tissue products and biomaterials, on Tuesday provided preliminary first-quarter results and also provided an update on actions it is taking in light of the COVID-19 pandemic. Based on preliminary, unaudited financial results,…
Read MoreUK economic crisis: Britain faces HUGE recession in wake of coronavirus lockdown
BoE Deputy Governor Ben Broadbent said the economy might be slow to recover eveb when coronavirus lockdown restrictions are lifted if people remain wary about resuming their everyday lives as before. He said: “The question that we will have to…
Read MoreAgency workers: Can agency workers be furloughed? What support is available?
The coronavirus job retention scheme was introduced in March to keep workers earning during the coronavirus pandemic. Under the terms of the scheme a worker can be placed on ‘furlough’, meaning they remain on their employer’s payroll, but they will…
Read MoreCoronavirus | Virgin Australia collapses to crisis, appoints administrator to find investor
Airlines around the world have been seeking government aid to survive after grounding the bulk of their fleets. Virgin Australia Holdings Ltd on Tuesday succumbed to third-party led restructuring that could lead to a sale, making Australia’s second-biggest airline the…
Read MoreAssociated British Foods HY Pre-tax Profit Down
Associated British Foods plc.(ABF.L) reported that its profit before tax for the 24 weeks ended 29 February 2020 decreased by 42% to 298 million pounds from 515 million pounds in the previous year. Adjusted profit before tax of 636 million…
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