New Zealand doubles QE, flags negative rates as pandemic slams growth

New Zealand's central bank on Wednesday doubled the amount of bonds it will buy as part of its quantitative easing programme and flagged a possible shift to negative interest rates as the COVID-19 pandemic wreaks havoc on the economy.
Tags: Money, businessNews, New Zealand

South Korea's jobs fall in April at sharpest pace since 1999

South Korea's unemployment rate was unchanged in April but the number of employed fell at its fastest in more than two decades, data showed on Wednesday, as efforts to contain the coronavirus pandemic shut businesses and cut social activity.
Tags: South Korea, Money, businessNews

Saudi cabinet urges OPEC+ countries to further reduce production: SPA

Saudi Arabia's cabinet has urged OPEC+ countries to further reduce oil production rates to restore balance in global crude markets, state news agency (SPA) reported early on Wednesday.
Tags: Money, Saudi Arabia, Opec, businessNews

This awesome SpaceX simulator lets you pilot the Crew Dragon in space

Take it from us -- it's not as easy as you might think!
Tags: Space, Spacex, News, Trends, Computing, Crew Dragon, Simulator

South Korea shoppers line up before dawn ahead of expected Chanel price hike

More than a hundred shoppers waited in line to enter a store of French luxury brand Chanel in Seoul on Wednesday, as they rushed to buy products in the hope of beating price increases expected to kick in later in the week.
Tags: South Korea, Money, businessNews, Chanel, Seoul

Aiming to thwart China, U.S. senator pushes rare earths funding bill

U.S. Senator Ted Cruz introduced legislation on Tuesday to help revive the U.S. rare earths industry with tax breaks for mine developers and manufacturers who buy their products, the latest attempt by Washington to break China's control over the strategic sector.
Tags: Money, Washington, China, businessNews, Ted Cruz

Exclusive: Occidental offering voluntary job buyouts, citing need for spending cuts - document

Occidental Petroleum Corp is offering its employees voluntary buyouts over the next two weeks, according to a document seen by Reuters on Tuesday, citing the sharp decline in oil prices and the coronavirus pandemic for "severe dislocations" in its business.
Tags: Money, businessNews, Reuters, Occidental, Occidental Petroleum Corp

EU will push to unlock borders as coronavirus ravages travel and tourism

The European Union executive will recommend on Wednesday that border restrictions be gradually lifted and travel stalled by the coronavirus pandemic allowed to restart in order to revive tourism, a major industry across the 27-country bloc.
Tags: Money, Eu, European Union, businessNews

Global Markets: Stocks fall on renewed virus fears, Powell speech in focus

Stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets.
Tags: Money, businessNews, Powell

Government tweaking Overseas Investment Act to prevent fire sales to foreigners during Covid-19 crisis

Associate Finance Minister David Parker has announced temporary changes to the Overseas Investment Act aimed at preventing key assets of distressed businesses being sold offshore.The changes bring forward the introduction of a 'national... [Author: [email protected]]
Tags: Business, David Parker

Stocks fall on renewed virus fears, Powell speech in focus

Stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets.
Tags: Money, businessNews, Powell

How 2 SBA loans can help owners finance commercial properties

Owners of commercial real estate either occupy the building they own or rely upon a third party – a tenant – to pay rent. In the former, owners are known as owner-occupants and the latter as investor owners. Occupants of commercial real estate are, in some cases, able to finance their purchases through loans originated or guaranteed through the Small Business Administration. Generally, SBA loans come in two flavors — 7(a) or 504. A 7(a) loan is an SBA-guaranteed first trust deed of typically 90%...
Tags: Business, Cdc, Sport, Soccer, Commercial Real Estate, SBA, Lee Associates Commercial Real Estate Services, Allen C Buchanan, Ronald Birtcher, Small Business Administration Generally SBA

Exclusive: U.S. airlines tell crews not to force passengers to wear masks

The top three U.S. airlines have told their flight attendants not to force passengers to comply with their new policy requiring face coverings, just encourage them to do so, according to employee policies reviewed by Reuters.
Tags: Money, businessNews

Oil falls on second wave outbreak fears, rise in U.S. inventories

Oil prices fell on Wednesday on worries about a possible second wave of coronavirus cases in countries starting to ease lockdowns, while industry data showed a rise in U.S. crude inventories.
Tags: Money, businessNews

Exclusive: Neiman Marcus creditor calls for deal with Saks Fifth Avenue - letter

Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company's plan to reorganize under bankruptcy protection.
Tags: Money, businessNews, Saks Fifth Avenue, Neiman Marcus, Neiman Marcus Group, Mudrick Capital Management LP

Covid 19 coronavirus: What's open under level 2?

New Zealand will drop down into alert level 2 at midnight. The Herald answers your questions on what you can do and where you can go tomorrow. What will be open that wasn't open before? Pretty much everything. Clothing chains,... [Author: [email protected]]
Tags: Business, New Zealand, Herald

World's biggest wealth fund blacklists 4 Canadian firms for greenhouse emissions

The Norwegian central bank on Wednesday excluded four Canadian oil and gas companies from its $1-trillion wealth fund, the world's largest, for producing too much greenhouse gas emissions, its first use of carbon emissions as a criterion to blacklist firms.
Tags: Money, businessNews

Musk, Texas governor talk about potential Tesla move to Lone Star state

Texas Governor Greg Abbott said on Tuesday that he spoke with Elon Musk, the chief executive of Tesla Inc, in recent days about a potential move of the company's electric vehicle assembly plant to the Lone Star state.
Tags: Elon Musk, Texas, Money, Tesla, businessNews, Greg Abbott, Lone Star, Tesla Inc, Musk Texas

L.A. County extends eviction moratorium for another month as coronavirus response

By ELIZABETH MARCELLINO, City News Service The Los Angeles County Board of Supervisors on Tuesday, May 12, extended a moratorium on evictions through June 30 and voted to consider a wide variety of tenant and homeowner protections in reaction to the coronavirus crisis. The extension of the moratorium on evictions of commercial and residential tenants countywide fell two months short of the goal set by Supervisor Sheila Kuehl. Without such a ban, “those who can be evicted will be out on the stree...
Tags: Business, News, California, Housing, Sport, Soccer, Local News, Southern California, Department of Public Health, Ferrer, Barger, Solis, Los Angeles County Board of Supervisors, City News Service, Hilda Solis, Mark Ridley Thomas

Twitter now lets you easily see retweets with comments, here’s how

The new feature lets you access them quickly, in a single tap
Tags: Mobile, Twitter, News, Trends, Social Media, Retweets

60 nonessential L.A. businesses cited for remaining open during coronavirus shutdown

Los Angeles City Attorney Mike Feuer said Tuesday, May 12, that his office has filed criminal complaints against 60 businesses that are violating the city’s Safer At Home orders by remaining open during the COVID-19 pandemic. “All our hard work to slow the spread of COVID-19 could be squandered if businesses violate the rules and open prematurely,” Feuer said. “Of course, all of us want to get back to work and return to our routines, and I’m extremely sympathetic with businesses that are struggl...
Tags: Business, News, Sport, Soccer, Local News, Eric Garcetti, Southern California, Los Angeles City, Feuer, Mike Feuer, Top Stories LADN, Top Stories Breeze, Coronavirus

U.S. reports record $738 billion budget deficit in April

The United States on Tuesday reported a record $738 billion budget deficit in April as an explosion in government spending and a shrinking of revenues amid the novel coronavirus pandemic pushed it deeply into the red.
Tags: Money, businessNews, United States

Shattering the 8 Myths of the Remote Workforce and How to Develop a Champion Team – Part 1

Before this pandemic, 44% of the global companies that didn’t allow remote work are now forced to make radical changes. Managers and their teams who have been trained on how to make a successful transition to working remotely are experiencing breakthrough results, improved productivity, and a happier team. Here’s what you can do to dispel the eight myths of the remote workplace so you can leverage the power of remote coaching and make it your competitive edge. Sales Leadership Coach Train...
Tags: Sales, Inc, Business News Daily, Sales Coaching, Keith Rosen, Global Workplace Analytics, Owl Labs

L.A. County seeks permanent solutions for Project Roomkey residents

By ELIZABETH MARCELLINO, City News Service The Los Angeles County Board of Supervisors voted unanimously Tuesday, May 12, to find long-term housing for homeless individuals housed temporarily in motels, hotels and elsewhere during the coronavirus outbreak. Supervisors Sheila Kuehl and Mark Ridley-Thomas co-authored a motion recommending a plan for continuity of housing. “Since the pandemic began, L.A. County and city have done a remarkable thing. We placed nearly 4,000 medically fragile homeless...
Tags: Business, News, Los Angeles, Sport, Soccer, House Of Representatives, Homeless, Local News, Lancaster, Barger, LA County, San Fernando Valley, Los Angeles County Board of Supervisors, Bell Gardens, City News Service, Mark Ridley Thomas

Want To Scale Effectively? Start Thinking Like A Ten Person Team When You’re Still A Solopreneur

by Mario Peshev, author of “126 Steps to Becoming a Successful Entrepreneur: The Entrepreneurship Fad and the Dark Side of Going Solo“ Running a business alone is challenging, but this is usually not the end goal for beginner entrepreneurs. Even if you’re not aiming to become the largest corporation out there, scaling your business would probably mean that you’re going to need a few people to help you in different areas. Additionally, you’re not expected to excel at every single vertical of suc...
Tags: Startups, Business Planning, Advice For The Young At Heart, Business Advice, Entrepreneur Advice, Solopreneur, Mario Peshev, A Ten Person Team, Peshev

Expanded tax help in covering child care costs during coronavirus closure rules

The child care workplace benefit, as well as medical ones, are enhanced under two just-issued Internal Revenue Service notices. If your job doesn't offer child care benefits, you might be able to get other tax help in taking care of your youngsters via a tax credit . This mom is representative of many parents, who are starting to feel the pressure of weeks of quarantining with and homeschooling their children during COVID-19 stay-home orders. Earlier this year as the coronavirus was s...
Tags: Taxes, Fsa, United States, Irs, Internal Revenue Service, COVID

Putin's spokesman becomes fifth senior Russian official to get coronavirus

Russian President Vladimir Putin's spokesman Dmitry Peskov said on Tuesday he had tested positive for the novel coronavirus, as a new surge in infections gave Russia the third highest number of reported cases in the world after the United States.
Tags: Money, Putin, Vladimir Putin, Russia, businessNews, Dmitry Peskov

Reserve Bank hikes bond buying to $60 billion, expects mortgage rates to fall

The Reserve said it would almost double its bond-buying programme to $60 billion to help stimulate the economy as it goes through a Covid-19 driven downturn.As expected, the bank kept its official cash rate unchanged at 0.25 per... [Author: [email protected]]
Tags: Business, Reserve, Reserve Bank

Indian lenders pitch for government-funded 'bad bank': sources

Indian lenders want the government to provide up to $2 billion to set up a "bad bank" at a time when their heavy pile of soured debt is expected to double in size due to the COVID-19 pandemic, according to two sources with knowledge of the matter.
Tags: Money, businessNews

New Normal: A conversation with Phiroz Darukhanavala, ex-CTO of BP

I have been doing video interviews with a number of CIOs, software executives and practitioners about acrobatics they have been seeing in various vertical sectors during the COVID-19 crisis and the "New normal" they can expect as the economy wakes... [Author: vinnie]
Tags: Trends, Cto, Vinnie, Vertical Markets (Banking, Retail etc, Global and Vertical extensions, New Normal COVID-19, Phiroz Darukhanavala

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