Asian stocks set for higher open on central bank support

NEW YORK (Reuters) – Asian shares looked set to rise on Friday following pledges by central bankers globally to do whatever it takes to support the economic recovery while oil perked up as OPEC threatened to clamp down on member states that did not cut output.FILE PHOTO: People wearing protective masks, following the coronavirus disease (COVID-19) outbreak, are reflected on […]

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Singapore and Thailand on ‘quarantine-free’ list

People arriving from Singapore and Thailand in England and Scotland will not need to quarantine from Saturday morning, the government has said. They have been added to the list of “travel corridor” countries. But travellers coming from Slovenia and Guadeloupe will have to self-isolate for two weeks. Both have also been added to Wales’ quarantine list, while arrivals there from […]

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Delta reaches tentative deal to reduce pilot furloughs by 220: memo

FILE PHOTO: Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. REUTERS/Elijah Nouvelage/File PhotoCHICAGO (Reuters) – Delta Air Lines DAL.N has reached a tentative agreement with the negotiating committee of its pilots’ union to reduce the number […]

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Colorado could OK first-of-its-kind air-quality rule for oil, gas well sites

Colorado could once again lead the way on oil and gas regulations if the state approves proposals meant to control emissions from well sites earlier than is now required under a mandate to revamp rules. The Colorado Air Quality Control Commission opened a hearing Thursday on proposed rules, including ones that would require monitoring emissions and air quality from the […]

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Nike Doubling Down on Digital, New Product Introductions

It may have been Nike’s 40th annual shareholders meeting, but there were a number of firsts. Not only was it the first virtual gathering, but it also marked the first starring role for John Donahoe, who took over as the activewear giant’s chief executive officer in January. Because the meeting was webcast, no shareholders were in attendance, allowing Donahoe and […]

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Walmart will raise wages for 165,000 employees.

Walmart, the nation’s largest private employer, said on Thursday that it was raising wages for 165,000 of its workers, as it revamps leadership roles in its stores. The pay increases, which will affect about 11 percent of the company’s United States employees, come as Walmart is undergoing a transformation to a more digitally focused retailer and seeks to reward and […]

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Blue Bell hit with a $17.25 million penalty over a 2015 listeria outbreak.

Blue Bell Creameries must pay $17.25 million in criminal penalties for shipments of contaminated products linked to a 2015 listeriosis outbreak, a federal court in Texas declared on Thursday. The fines constitute the largest-ever criminal penalty following a conviction in a food safety case and are consistent with the terms of a plea agreement filed previously in the case, according […]

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Tech sell-off hits Wall Street as jobless claims remain high

(Reuters) – Wall Street’s main indexes fell on Thursday after data showed high levels of weekly jobless claims, while technology-related stocks resumed their slide with Apple Inc AAPL.O and Amazon.com Inc AMZN.O among the biggest drags on the Nasdaq.Slideshow ( 2 images )Nine out of the 11 major S&P 500 sector indexes were lower, with technology stocks .SPLRCT leading sectoral […]

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Stocks buckle, dollar slips as investors mull Fed action

NEW YORK (Reuters) – Global equity markets and gold slumped, while the dollar eased on Thursday after the Federal Reserve reminded investors of the long slog ahead for a full recovery that was reinforced by data showing persistently high claims for U.S. unemployment benefits.FILE PHOTO: A street sign is seen in front of the New York Stock Exchange on Wall […]

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Coronavirus: Ross to head taskforce on sports fans’ mass return

A taskforce aimed at accelerating sports fans’ mass return to stadia even as more locations across the UK face tighter coronavirus restrictions is to be spearheaded by David Ross, the Carphone Warehouse co-founder. Sky News has learnt that the Sports Technology Innovation Group (STIG) has picked a panel of business and technology experts to work on technology-based solutions that could […]

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