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STOCKS NEWS 24 – Airline industry bosses have urged Chancellor Rishi Sunak to extend his job retention scheme beyond June. Aviation industry body Airlines UK said airlines hit by coronavirus would face “a renewed cash crisis” if the scheme were withdrawn prematurely. The Treasury is currently paying most of the wages of nearly four million […]

STOCKS NEWS 24 – AIB has joined the UK government’s coronavirus loans scheme more than a month after Northern Ireland’s other main business lenders. The Coronavirus Business Interruption Loan Scheme (CBILS) allows smaller firms to borrow up to £5m. Danske Bank, Ulster Bank and Bank of Ireland were all part of the scheme when it launched

Stocks News: Shipments of Russian crude oil to China increased more than 30 percent in March compared to a year earlier while Saudi imports of the commodity sank, Reuters reported, citing Chinese customs data. As crumbling demand for crude and lack of storage space have been wreaking havoc on the oil market, China has been

Stocks News: It’s clear that Americans have slowed their spending drastically as many industries essentially grind to a halt amid the coronavirus pandemic and job losses mount. But the head of credit card company Discover Financial Services offered an inside glimpse at just how grim the picture is right now. During an earnings conference call on Thursday, Discover CEO Roger Hochschild broke

Stocks News : Oil tanker companies have watched their stocks climb  as the crude market toiled in recent weeks. And business, according to the founder and head of Nordic American Tankers, business is better than ever. “We are making a lot of money at this time, improving our balance sheet tremendously, and I have never seen

Stocks News : Dow Jones Industrial Average rises 260 points The Dow climbed 260.1 points, or 1.11%, to 23,775.27. The S&P 500 gained 1.39% to 2,836.74. The Nasdaq Composite advanced 1.65% to 8,634.52. Stocks closed higher as oil extended its rebound from historic lows, but still posted their first weekly loss in three. Oil extends gains from record lows U.S. crude futures rose

Stocks News : President Donald Trump signed a $484 billion coronavirus relief package into law Friday as Washington plans the next steps in its unprecedented attempt to rescue an economy and health-care system bludgeoned by the pandemic. The measure puts $370 billion into aid for small businesses trying to keep employees on the payroll as they temporarily shutter to

STOCKS NEWS 24 – The world is experiencing a sharp deterioration in economic performance, due to the continuing coronavirus pandemic. Developing countries are certain to be hit hard by what the International Monetary Fund, and others, warn will be the worst downturn since the Great Depression of the 1930s. Almost every country on the planet is

STOCKS NEWS 24 – Online retailer Amazon, long accused of killing off bricks-and-mortar book sales, has stunned the industry by donating £250,000 to a fund in aid of bookshops hit by coronavirus. The tech giant initially made the donation on a “low-key” basis, said the Book Trade Charity. But as speculation grew, the charity revealed

STOCKS NEWS – Businesses in Northern Ireland are beginning to think about how to operate after the lockdown ends. But there is a growing realisation that there will be no return to normality in the immediate future. First Minister Arlene Foster has raised the prospect Northern Ireland could come out of lockdown earlier than the

STOCKS NEWS 24 – Tackling climate change must be woven into the solution to the Covid-19 economic crisis, the UK will tell governments next week. Environment ministers from 30 countries are meeting in a two-day online conference in a bid to make progress on cutting greenhouse gas emissions. The gathering is called the “Petersberg Climate

STOCKS NEWS – A further 4.4 million Americans sought unemployment benefits last week as the economic toll from the coronavirus pandemic continued to mount. The new applications brought the total number of jobless claims since mid-March to 26.4 million. That amounts to more than 15% of the US workforce. However, the most recent data marked