Flights to the Far North start to ramp back up
The plan is not set in stone. Canberra will see a notable uptick in services and there will also be additional interstate flights in South Australia, Western Australia, Queensland and New South Wales. FLYING HIGH: Qantas is looking to increase its now 5 per cent capacity up to 15 per cent by the end of June. "Customers will notice a number of differences when they fly, and we'll be sending out information before their flight, so they know exactly what to expect and have some extra peace of ...
Twitter, Facebook disable Trump campaign's Floyd video tribute over copyright
Even while Biden leads Trump nationally in a head-to-head matchup, polls show the president is largely more trusted on his handling of the economy. Mr Trump claimed his administration has done more for African-Americans than previous presidents, including lowering their unemployment rate .
German stimulus package could be bigger than planned, regions find
The measures include temporarily cutting value-added tax form 19% to 16%, providing families with an additional €300 per child and doubling a government-supported rebate on electric vehicle purchases. To boost consumer spending, Value-Added Tax will be cut from 19% to 16% from 1 July to 31 December this year, a move that will cost the German government €20bn alone.
Germany: All Gas Stations Must Offer Electric Car Charging
We'll start now, "he told CNN". Incentives German carmakers, including Volkswagen, can make jumpstart efforts to make and sell more electric cars. Germany reportedly has 14,118 gas stations. In the future, new German subsidies and the introduction of electric versions of already popular models should help the trend continue, according to Canalys.
United States futures gain as recovery optimism lingers ahead of May jobs data
Airline companies, which have been among the hardest hit by the coronavirus pandemic, surged, with the ARCA Airlines index jumping 5.7 percent. On Thursday, American Airlines surged 41% for the biggest gain in the S&P 500 after it said it plans to fly 55% of its normal USA schedule next month, up from only 20% in April.
Trump evokes George Floyd after hailing strong jobs report
Yahoo News similarly ran the headline: "Trump says he hopes George Floyd "is looking down" and celebrating jobs report: 'This is a great day for him'". Mr Trump was apparently referring to a surge in employment. However, dozens of media outlets took Trump's "great day" comments and framed them as though George Floyd should be happy about the jobs report.
Oil drops on doubts over output cuts, swelling US fuel inventories
Saudi Arabia and Russian Federation, two of the world's biggest oil producers, want to extend output cuts of 9.7 million barrels per day (bpd) into July. Three OPEC sources said an extension to cuts was contingent on high compliance. The energy minister of the United Arab Emirates, Suhail al-Mazrouei, called for improved compliance in a letter to OPEC+.
Self-employed United Kingdom musicians can claim 80% of their salary, Chancellor reveals
The Chancellor later said drawing up plans to help self-employed people had proved "incredibly complicated". The support will be available for at least three months, subject to extension if necessary. "Even among those who qualify, having to wait possibly until June is likely to cause all kinds of financial headaches". "In what seemed to be a warning shot across the bows of the good ship of self-employment, Mr Sunak said it was becoming "harder to justify the inconsistent contributions ...
Trump mentions George Floyd in praising unemployment drop
Florida Rep.Donna Shalala, the former health secretary in the Bill Clinton administration, said she was "appalled" at the reference. No, this isn't the first time the USA has lost so many people in a pandemic. It's obviously good news that the latest jobless rate wasn't higher, but there's nothing good about a 13.3% unemployment rate. "Let's be clear about something: The depth of this jobs crisis is not attributable to an act of God but to a failure of a president", Biden declared in a ...
Canadian economy unexpectedly adds 289,600 jobs in May
That marked an improvement from the record 14.7 percent unemployment seen in April and defied expectations for the virus-related job losses to worsen. The survey suggests that may be an indication that employers' initial adaptation to the easing of COVID-19 restrictions involved re-hiring former employees or finding new workers.
Trudeau offers $14B to provinces to support COVID-19 efforts
Trudeau said that the money for provinces will be targeted transfers, adding that Canadians must feel safe if a second wave of COVID-19 hits the country. The funding commitment was brought to the provincial and territorial leaders on Thursday. "But this is not the first time Canadians have been called to work together", Trudeau said, noting the upcoming 76th anniversary of D-Day on June 6.
Flexibility for furloughed workers to come back part-time will start in July
The government is now paying 80% of workers' salaries up to £2,500 a month for 8.4 million workers under the furlough scheme. The employer contributions will make redundancies throughout the sector inevitable and the ending of the scheme and resulting liabilities will close theatre businesses.
How Manitoba's unemployment rate compares to the rest of Canada
James noted that in total, 353,200 jobs have been lost in the province since the start of the pandemic, but last month, BC created 43,300 jobs - a shift she said was primarily due to people re-entering the labour market. States waived the traditional work search requirement for UI, so some workers on UI who do not expect to be called back to work may not count as unemployed.
Ottawa-Gatineau loses 24000 jobs in May as pandemic continued
According to Statistics Canada data released on Friday, youth unemployment has hit 28.9 per cent. Friday's report made it clear the government continues to struggle with how it classifies millions of workers on temporary layoff. Even with May's rebound, the hole is deep. The unemployment rate has risen 9.8 percentage points and the number of unemployed is up 15.2 million since February.
Two bidders left in Virgin Australia hunt
Virgin Australia has about A$100 million in cash, enough to see it through this month and complete the sale process, according to Deloitte. The airline went into voluntary administration in April, with debts at the time around $6.8 Billion, and due to COVID-19, there was no way to pay back or keep above the outstanding money.
Canada unexpectedly adds 290000 jobs on gradual reopening
The Labor Department report released Friday, which showed the jobless rate fall to 13.3 percent, defied even the most optimistic expectations among economists, who had been expecting job losses of more than eight million and a jobless rate of 20 percent or higher.
Toronto and Vancouver housing markets picked up in May despite COVID-19
Home prices in the Greater Vancouver area have remained steady despite the recession triggered by the pandemic. There were 3,684 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service in Metro Vancouver in May, down 37.1 per cent compared with May 2019, but up 59.3 per cent compared with April 2020.
Searching 'Racist' on Twitter Yielded Donald Trump's Profile as Top Result
Typing "racist" into Twitter's people search yielded US President Donald Trump as the first suggested account on Wednesday, the British news outlet The Independent first reported . The clip has more than 1.4 million views on YouTube and Facebook combined. The video-streaming platform's parent Google did not immediately respond to a request for comment.
Unemployment Rate Falls to 13.3% as States Reopen During Coronavirus
He said smart analysts were proven wrong about their unemployment predictions. "It seems the damage from the nationwide lockdown was not as severe or as lasting as we feared a month ago", said Scott Clemons, chief investment strategist at Brown Brothers Harriman.
U.S. unemployment rate falls to 13.3% in May
President Donald Trump is expected to speak about the latest USA unemployment numbers at the White House June 5 ahead of a trip to Maine. The unemployment rate fell to 13.3%, down from 14.7% in April, defying forecasts that it would get worse.
Trump declares victory as United States unemployment drops to 13.3%
More than 40 million Americans have filed for unemployment insurance since the start of the coronavirus lockdown period in March, a figure the United States has not seen since the Great Depression. Labor Secretary Eugene Scalia on jobless claims numbers, extending the Payroll Protection Program and reopening the U.S. amid coronavirus. According to their report out in April, the median full-time American worker earning $48,000 a year would take home 15 percent more from unemployment than ...
BoE says advising banks to prepare for possible no-deal Brexit
The report, Services and Brexit, raises questions about the economic price the United Kingdom government is willing to pay through decreased single market access to "take back control" over the rules and regulations shaping the services sector.
Australia to face first recession in 29 years
As expected, the Australian GDP fell 0.3% in the March quarter 2020 and growth slowed to 1.4% through the year, according to figures released by the Australian Bureau of Statistics (ABS) today. "Although the immediate outlook is better than anticipated a couple of months ago, the economy still faces challenges". " We were on the edge of the cliff".
United Kingdom to signal compromise on fisheries and 'level playing field'
Pandemic does not help political deadlock. The negotiation teams were unable to meet physically, relying instead on video conferencing tools. No deal is nearly universally accepted as the worst outcome. The EU is not interested in this idea because it believes that there is not enough time in the transition to negotiate on tariffs. He has until June 30 to request an extension for the transition period.
Asian shares higher after jobless data snaps Wall St rally
The Hang Seng in Hong Kong edged 0.1% higher, to 24,371.38. Investors are also awaiting plans for the next round of U.S. economic stimulus. The Nasdaq composite , which is heavily weighted with technology companies, added 0.6%, to 9,608.37 after dipping as much as 0.8%.
Warner Music strikes a chord as shares pop on Nasdaq debut
After a quiet few months, the US IPO market is set to reopen with what looks to be the biggest deal of the year. It had initially proposed offering 70 million shares. The music industry is seen as more resilient to weakness in the broader economy, though Warner has cautioned the outbreak has hurt physical revenue streams and delayed the release of new recordings, movies and television programs.
US trade gap rises to $49.4 billion in April
The politically sensitive deficit in the trade of goods with China rose 53% to $26 billion in April; goods exports to China rose 29%, but imports rose more - 45% - as Chinese factories ramped up production after a draconian lockdown. The import number has been shrinking as the United States waged a trade war with China. "This will boost trade activities between Malaysia and other countries", he added.
USA jobless claims hit 42 million
The PUA claims are separate from the more widely-watched headline figure on initial claims in regular state programs, which were 2.12 million in the week ended May 23. Over a six-week period, the state received more than 55,500 initial claims for PUA benefits. On Friday the government is expected to release its May jobs report.
US Senate passes bill lengthening coronavirus small business loan terms
The Senate cleared changes to the popular Paycheck Protection Program on Wednesday that will allow small businesses more flexibility in using the rescue loan funds. He said gyms, caterers, museums and other small businesses had been particularly hobbled by the eight-week requirement for using the loans and needed more time to carry out the terms of the loans.
Oil prices slide amid OPEC+ production cuts meeting uncertainty
The cartel earlier scheduled its gathering for June 9-10, while there are suggestions that it could be held as early as on June 4. A series of lower highs highlight the recent positive sentiment in the space and recent price action has taken crude to the bottom of a gap on the daily chart made between March 6 and March 11 this year.
Former federal prosecutor discusses charges against former officer
Ellison also announced that former officers Tou Thao , J. Alexander Kueng and Thomas Lane are being charged with aiding and abetting second-degree murder for their role in Floyd's death. We believe they were culpable, they assisted in the commission of this offense - this is why we charged them'. The state of Minnesota has also opened a civil rights investigation into whether the Minneapolis Police Department has a pattern of discrimination against minorities.
George Floyd had Covid-19, autopsy report says
The finding that the former officer placed his knee on Floyd's neck for almost nine minutes. "The funeral director wasn't told, and we weren't told, and now a lot of people are running around trying to get tested", Baden said. They told supporters, "We are demanding justice". That probe will look into whether Floyd was deprived of his civil rights. Although protests have continued, the acts of violence and lawlessness at earlier sites seems to have decreased.
SUV gains fresh looks and added oomph — Toyota Fortuner facelift
The alloy wheel options have also been revised, with lesser variants receiving 17-inch six-spoke rollers, while the 18-inch items get a redesign with a more distinctive two-tone look. Besides the engines getting a significant power boost, Toyota has also been busy giving the 2020 Fortuner better road manners. This allows the Fortuner to have lighter steering at low speeds and only having weighted steering at highway speeds.
Hyundai Santa Fe Revealed, Grille Galore!
With no word yet as to when other markets will get the 2021 Hyundai Santa Fe , it might take quite a while before the 7-seater crossover arrives in the Philippines. The auto gets a 10.25-inch touchscreen infotainment system that is equipped with smartphone connectivity, satellite-based voice-guided navigation, and of course, complete in-car entertainment.
Govt hands $25,000 to home buyers, owners
News.com.au has confirmed the full details of the new scheme, to be called HomeBuilder, including the income test to qualify for the cash. "$25,000 to support those families and those Australians whose dream it was to build their home, or to do that big renovation , a dream that they thought might have been crushed by the coronavirus".
Australia Recession 2020: Economy Expected To Drop 9% In Q2
A recession is defined as at least two straight quarters of contraction. Scentre Group, which owns and operates Westfield malls in Australia and New Zealand, said last week customer visitation had "steadily increased" across all its centres throughout May, coinciding with more retailers re-opening stores and government restrictions gradually easing.
Brent oil surpasses $40 a barrel after collapse of OPEC
Russian Federation has no objection to the meeting being brought forward to June 4. That could add to market supplies at a time when demand is still vulnerable and the world is just emerging from coronavirus lockdowns. "We're in wait-and-see mode", said Michael Lynch, president of Strategic Energy & Economic Research Inc. "If they extend until the end of the year, that will encourage optimism on the part of buyers".
Black-owned fashion brands to support
Johnson Institute, and We The Protestors". If we are to be aligned with the idea that Black Lives Matter , it is time to prove it in more ways than one. It also lets you search geographically for businesses, so you can support those near you. Launched in 2016, Jamii is a discount card and platform showcasing the best of independent black British businesses from fashion houses and wellness brands to art and eateries.
Oil tops $40 on OPEC cuts and demand recovery
Without a meeting to make changes to their pact, the group is due to start easing cuts next month. Oil erased gains in NY, falling 1.4% to $36.30 a barrel as of 6:55 a.m. His Nigerian counterpart Timipre Sylva posted a similar message on Instagram on Tuesday. Russian President Vladimir Putin with Saudi Arabian King Salman bin Abdulaziz al-SaudOPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil production cuts by one month while raising ...
Oil falls from $40 on doubts over early OPEC meeting
Reuters quoted OPEC sources as saying that rather than easing output cuts in July, the de-facto OPEC leader, Saudi Arabia, was leading discussions on sustaining them until the end of the year. What happened: Last month's surge brought oil back from negative pricing thanks in large part to increasing expectations for consumer demand to return and a deal to cut production by the Organization of the Petroleum Exporting Countries and major producers like Russian Federation.
China row escalates as Johnson pledges asylum for Hong Kongers
In response Beijing has announced plans to introduce a sweeping national security law covering secession, subversion of state power, terrorism and foreign interference. "So why should they object, resist or even condemn and take their sanctions against Hong Kong and the People's Republic of China for taking similar actions?" In her comments, Lam appeared to agree, saying she was operating under Hong Kong's Basic Law, its mini-constitution, despite critics saying China's legislature ...
Services PMI: Unlock 1.0 brings some relief but revival far away
As per the survey, weaker demand drove output lower following April's record decline. The headline PMI measures manufacturing conditions through the weighted average of five indices: new orders (30%), output (25%), employment (20%), suppliers' delivery times (15%) and stocks of purchases (10%).
Recession alert: Australia's economy shrank in first quarter
Mr Frydenberg is not waiting for those figures to come out before confirming Australia is in a recession. Data from the Australian Bureau of Statistics (ABS) showed the A$2 trillion (RM5.9 trillion) economy contracted 0.3 per cent in the quarter ended March, the first decline in nine years.
Google is sued in US for tracking users' 'private' internet browsing
Google "cannot continue to engage in the covert and unauthorised data collection from virtually every American with a computer or phone", the complaint said. The lawsuit is seeking around US$5,000 per user for violations of federal wiretapping and California's privacy laws, with the complaint proposing a class of millions of users that have used Incognito mode since June 1 2016.
U.S. stocks dip as market digests protests, reopenings
Monday's volume on the New York Stock Exchange totaled 4.17 billion shares with 2,236 issues advancing, 50 setting new highs, and 739 declining, with five setting new lows. Futures for Dow Jones Industrials hiked 121 points, or 0.5%, early Tuesday, to 25,589. The S&P 500 index put on a modest 0.4% at about 3,056. -China tensions seriously and you add on to that the massive amount of disruption going on in nearly every major city in the country right now, none of that could be seen as ...
Moody's downgrades SBI, HDFC Bank amid bleak outlook for Indian banks
The ratings agency cited slow reform momentum, constrained policy effectiveness and slower growth compared to India's potential among the reasons for the downgrade. It also downgraded India's local-currency senior unsecured rating to Baa3 from Baa2, and its short-term local-currency rating to P-3 from P-2. However, implementation of these reforms since then has been "relatively weak" and has not resulted in material credit improvements, indicating limited policy effectiveness, it said.
Jeff Bezos invests in a UK Startup, Digital Freigh Forwarder Beacon
UK-based digital freight forwarding and supply chain finance company, Beacon has secured $15m in its Series A fundraising round, from investors including Jeff Bezos, the founder and chief executive of Amazon, and United States venture capital firm 8VC.
Iran Says It's Ready to Defy US and Send Venezuela More Fuel
Venezuelan President Nicolás Maduro in a message termed the shipment of Iranian fuel to Venezuela as a sign of Tehran-Caracas solidarity. Last week, five Iranian tankers carrying fuel and oil refinery equipment arrived in Venezuela amid USA warnings of fresh sanctions on both Tehran and Caracas.
Specs, Engine, Features — Toyota Hilux
But the biggest update on the 2021 Hilux will be a more powerful 2.8-liter turbodiesel inline-4. Alonso and co-driver Marc Coma were able to push the new model to the limit, alongside their driving duties in their rally-raid-spec Toyota Gazoo Racing Hilux.
India's credit rating cut to lowest investment grade
Moody's downgrade comes in line with two other major global rating agencies, Fitch and Standard & Poor's, which also have the lowest investment grade rating (with stable outlook) for India at present. Stating that it expects the central government's fiscal deficit to come at 6.3 per cent, which is 1.80 per cent higher over the long-term average, it said such a wide gap is "justified" because of the growth number being so low from the potential.
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