Category: News

Tokyo Says Stay Home, Trump Warns Crisis to Worsen: Virus Update

(Bloomberg) — Tokyo’s governor told residents to avoid unnecessary trips outdoors over a holiday weekend amid rising numbers of infections in Japan’s capital. Australia, once hailed as a success in containing the virus, hit a daily record for infections.

President Donald Trump warned that the U.S. outbreak will probably get worse before it gets better. The U.S. accused two Chinese hackers of working with Beijing to steal coronavirus research from Western companies.

Aviation regulators in the European Union and Singapore are working together to establish health safety measures for air travel.

Global Tracker: Cases pass 14.9 million; deaths top 616,000First … Read more

Trump’s alternate reality on COVID-19 threat

WASHINGTON (AP) — President Donald Trump appears to be living in an alternate reality when it comes to the COVID-19 threat.

Over the weekend, he clung to the misguided notion that the virus will just “disappear” even as his top science experts and GOP allies bluntly say otherwise.

Trump also continued to wrongly insist that anyone who wants a coronavirus test is getting one, made the head-scratching suggestion that the virus is under control when infections are surging to fresh daily highs and lodged false accusations against the nation’s top infectious diseases expert, Dr. Anthony Fauci.

The statements came in

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Reassurance for travellers over cancelled holiday refunds

Holidaymakers who were given refund credit notes, rather than cash, for their cancelled package holiday are being reassured their money is safe.

The authorities have clarified that these refund promises are guaranteed even if the travel company which provided them goes bust.

They are distinct from holiday vouchers which do not have the same protection.

Anyone whose package holiday is cancelled has the right to a full cash refund.

How refunds work

Refund credit notes (RCNs) were handed out by some holiday companies instead of refunds early in the coronavirus crisis, as the businesses found themselves stretched by the level

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American Airlines sending 25,000 furlough notices as U.S. demand sags

By Tracy Rucinski

CHICAGO (Reuters) – American Airlines said on Wednesday it is sending 25,000 notices of potential furloughs to frontline workers and warned that demand for air travel is slowing again as COVID-19 cases increase and states re-establish quarantine restrictions.

The Worker Adjustment and Retraining Notification Act requires companies to provide 60 days’ notice of potential layoffs or furloughs.

In a memo to employees released on Wednesday, American said the notices are tied to the overstaffing it expects in October when U.S. government payroll assistance expires.

American, with more than 130,000 employees in 2019, had already warned that furloughs

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Is Weakness In Corporate Travel Management Limited (ASX:CTD) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?

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Corporate Travel Management (ASX:CTD) has had a rough month with its share price down 32%. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Particularly, we will be paying attention to Corporate Travel Management’s ROE today.

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is

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