[ad_1] Joshua Oliver 4/29/2020, 1:32:22 PM A quarter of Canadian companies seek loans to weather Covid-19 More than one in four Canadian businesses requested loans in the first quarter to cover operating costs due to lost income from Covid-19, with a further quarter of those companies seeing their requests denied, according to an official survey. Despite government programmes to back business lending, Statistics Canada said only 77 per cent of businesses that asked for credit to cover losses during the pandemic had their loans fully or partially approved — based on a “crowd-sourced” online survey of 12,600 companies. A fifth of businesses that pay rent deferred those payments. The survey…

[ad_1] News you might have missed The number of coronavirus fatalities worldwide has surpassed 200,000, according the latest statistics from Johns Hopkins University. The rise comes after the UK reported a further 813 deaths today, becoming the fifth country to record more than 20,000. A total of 2,865,938 people have been infected by the virus. Around a third of the cases are based in the US. The number of people who have died in UK hospitals as a result of coronavirus has surpassed 20,000, official figures have confirmed. A further 813 fatalities across the UK brought the total to 20,319 as of 5pm on Friday — making the UK the…

[ad_1] Harry Dempsey 4/23/2020, 1:40:01 PM Siemens Healthineers develops new potential coronavirus antibody test Joe Miller in Frankfurt Siemens Healthineers, the medical equipment subsidiary of Germany’s Siemens Group, has developed a Covid-19 antibody test which it claims can deliver a result in 14 minutes. The Erlangen-based company said it would be able to produce more than 25m of the tests per month, starting in June, by utilising its manufacturing facility in Massachusetts. “With a proven sensitivity and specificity of more than 99 percent, the test is expected to exceed strict FDA quality guidelines,” the company said. The test will detect both IgM and IgG antibodies, it added. The antibody test…

[ad_1] Richard Branson, founder of the multibillion-dollar conglomerate Virgin Team, has pledged to house loan his household and luxurious getaway vacation resort in the British Virgin Islands to aid his organization empire navigate the coronavirus disaster. The pledge on his Necker Island home was produced in a letter to team, posted on Sir Richard’s particular website on Monday. It comes as Virgin Australia — 10 per cent owned by the billionaire’s business — teeters on the brink of collapse after failing to safe a governing administration bailout. The letter tackles head on lots of of the controversies that have dogged the Virgin founder in current years, these kinds of as…

[ad_1] Buyers scouring companies’ benefits in the US earnings period that commenced this 7 days are not looking for expansion. Instead, although the coronavirus pandemic tears a gap out of economies close to the planet, several are searching for firms that can endure. Stung by unexpected stops to revenues, many providers have fallen back again on credit traces and credit card debt borrowed in bond marketplaces to retain by themselves afloat. US investment-grade corporations lifted a history $150bn in March, as firms hoarded income to climate the downturn. Equity fund administrators want to make confident companies can repay those debts and cling on until eventually lockdowns stop and existence gets back…

[ad_1] Mamta Badkar 4/14/2020, 1:33:21 PM US stocks rise as earnings season kicks off Wall Street advanced on Tuesday tracking European and Asian bourses higher on the back of better-than-expected Chinese data and the kickoff to US earnings season. The S&P 500 climbed 1.7 per cent, while the Nasdaq Composite rose 1.8 per cent. That followed gains in Europe, with the Stoxx 600 up 0.7 per cent, and Asia overnight, after data showed Chinese exports fell in March by much less than analysts had anticipated. JPMorgan and Wells Fargo unofficially kicked off earnings season on Tuesday with both lenders reporting a sharp drop in profits and increases in loan loss…

[ad_1] News you may well have missed The US death toll surpassed 18,000 with close to half a million confirmed coronavirus conditions on Friday, in accordance to the most recent figures from the Covid Monitoring task. Throughout the US, 1,932 folks died from coronavirus in the earlier working day — with New York, accounting for practically 43 per cent of the fatalities. New Jersey and Michigan are between the other states that are significantly really hard hit with 1,932 and 1,281 deaths, respectively. The whole range of Us citizens who have died from coronavirus because the outbreak started stands at 18,356. More than 100,000 individuals have died from Covid-19 around…

Democrats set out billion-dollar emergency stimulus demands Lauren Fedor in Washington Top Democrats on Capitol Hill have set out a series of demands for small businesses, hospitals and state and local governments, as lawmakers prepare for a fresh round of negotiations on how to provide billions of dollars of stimulus to Americans struggling to cope with the coronavirus crisis. Nancy Pelosi, the Democratic speaker of the House, and Chuck Schumer, the Senate’s most senior Democrat, said in a joint statement on Wednesday morning that Democrats wanted “interim emergency legislation” to include $250bn in assistance to small businesses, half of which would be channeled through smaller, community-based lenders. Ms Pelosi and…

[ad_1] Information you could possibly have missed Donald Trump, the US president, warned on Saturday that the place was about to confront its deadliest 7 days of the coronavirus disaster, with the armed forces getting ready to deploy 1,000 personnel to New York. “There will be a good deal of demise, sadly,” he explained. The Pentagon designs to deploy troopers and professional medical staff to New York City and other parts of the place. “They are heading to war,” stated Mr Trump. “They’re likely into a fight they’ve by no means actually trained for.” The US is taking into consideration tariffs on crude imports to protect American electricity work. “I…

[ad_1] Myles McCormick 4/2/2020, 1:28:41 PM British Airways parent IAG cancels dividend Tanya Powley in London British Airways’ owner IAG has become the latest company to cancel its proposed final dividend as it looks to bolster its liquidity in the wake of the coronavirus pandemic. The airline group on Thursday said it would withdraw its proposal to pay a final dividend of 0.17 euros per share — due for shareholder approval in June — and instead allocate all the profit for fiscal year 2019 to its voluntary reserve. It will also delay the date of its annual shareholders’ meeting from June until the end of September. The announcement comes as…