Pelosi wants more for small business and individuals in next U.S. coronavirus legislation

U.S. House Speaker Nancy Pelosi stated Friday that $350 billion in already-passed coronavirus legislation was insufficient for small businesses, and she wants more money in the next bill being developed now in the Democratic-run House. “I don’t think the 350 is enough for small business,” she stated on CNBC. Pelosi also called for “another direct […]

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SoftBank to raise $41 billion to expand share buyback, cut debt

On Monday, SoftBank Group Corp (9984.T) stated it is monetizing or selling up to 4.5 trillion yen ($41 billion) in properties to redeem 2 trillion yen of its shares and minimize debt, sending its stock skyrocketing to its greatest day-to-day gain in almost 12 years. The share buyback will remain in addition to the up […]

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WHO warns of ‘accelerating’ pandemic, expects Olympics decision soon

The pandemic of the disease brought on by the coronavirus is speeding up, the World Health Organization (WHO) stated on Monday, with more than 300,000 cases now recorded and infections reported from almost every nation worldwide. While it took 67 days from the first reported case to reach the first 100,000 cases of COVID-19, it […]

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U.S. to reduce Afghan aid by $1 billion after Pompeo fails to break impasse

U.S. Secretary of State Mike Pompeo on Monday announced a $1 billion cut in U.S. aid to Afghanistan after he failed to encourage Afghan President Ashraf Ghani and his political opponent to end a fight that has actually assisted jeopardize a U.S. led peace effort. The United States likewise is ready to cut 2021 helped […]

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Sensex, Nifty fall after country goes into lockdown

Indian shares fell in choppy trading on Wednesday, a day after Prime Minister Narendra Modi purchased a 21- day nation-wide lockdown to include the fast spread of the coronavirus. The finance minister stated on Tuesday the federal government would soon reveal a financial plan to assist the economy deal with the hit from the infection […]

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China scrambles to curb rise in imported coronavirus cases

China on Sunday reported 46 new cases of coronavirus, the 4th straight day with an increase, with all however among those imported from overseas, and even more stepped up measures to obstruct cases from abroad as the break out gets worse globally. While China states it has actually significantly lowered the number of domestically transmitted […]

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Netflix to slash traffic across Europe to relieve virus strain on internet providers

Netflix Inc ( NFLX.O) stated it would cut traffic by 25% on networks across Europe in a relief procedure for internet service providers (ISPs) experiencing a rise in use due to the federal government’s “shelter in place” orders focused on slowing the coronavirus break out. The streaming giant, which has actually currently released a method […]

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