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News

20 Apr Opposition MPs and peers call for universal basic income after lockdown

Posted at 23:01h in News by KMFSLLP 0 Comments

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Regular payment needed to ward off deeper crisis after virus support ends, warns cross-party group

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20 Apr Australia shares set to drop at open, NZ falls

Posted at 22:25h in News by KMFSLLP 0 Comments

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Australian shares were poised to open firmly lower on Wednesday, tracking an overnight slide on Wall Street, as a collapse in U.S. oil prices underscored fears of a severe economic fallout from the coronavirus pandemic. The local share price index futures ...

20 Apr Uber launches website to help drivers navigate U.S. unemployment system

Posted at 21:30h in News by KMFSLLP 0 Comments

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Uber Technologies Inc on Tuesday launched a website to help its ride-hail and delivery drivers navigate the intricate U.S. unemployment system, with many gig workers still waiting to receive jobless pay provided under a U.S. coronavirus response bill.

20 Apr New Zealand’s NZX faces technical issues as trading volumes soar

Posted at 21:11h in News by KMFSLLP 0 Comments

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New Zealand stock exchange operator NZX said on Wednesday it was taking steps to address technical issues it faced in the last six trading days due to an "around four-fold" surge in trading volumes since early 2020.

20 Apr United Airlines announces stock offering, shares slip

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United Airlines Holdings Inc on Tuesday announced a stock offering of 39.25 million shares, sending its shares down 3% in extended trading.

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20 Apr UPDATE 1-LendingClub to lay off about a third of employees due to coronavirus

Posted at 20:59h in News by KMFSLLP 0 Comments

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Online lender LendingClub Corp said on Tuesday it would lay off 460 employees, including President Steven Allocca, as part of a restructuring plan to slash costs amid the economic fallout of the COVID-19 pandemic.

20 Apr Lawsuit claims 10 big banks rigged market for ‘odd-lot’ U.S. corporate bonds

Posted at 20:39h in News by KMFSLLP 0 Comments

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Ten of the world's largest banks, including JPMorgan Chase and Bank of America , have been sued for allegedly conspiring over nearly 14 years to rig prices in the $9.6 trillion U.S. corporate bond market, costing ordinary investors billions of dollars.

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20 Apr Small business loan program discriminated against women, minorities – lawsuit

Posted at 20:38h in News by KMFSLLP 0 Comments

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The $349 billion small business loan program passed last month as part of the federal coronavirus relief package discriminated against woman- and minority-owned businesses by prioritizing business with employees over those that do not, according to a lawsuit filed by two Maryland business owners.

20 Apr Online lender LendingClub to lay off 460 staff on coronavirus hit

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Online lender LendingClub Corp said on Tuesday it would lay off 460 employees in a cost-cutting move to cope with the economic fallout of the COVID-19 pandemic.

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20 Apr UPDATE 2-S.Africa’s Ramaphosa pledges COVID-19 rescue package worth 10% of GDP

Posted at 20:25h in News by KMFSLLP 0 Comments

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South African President Cyril Ramaphosa announced a 500 billion rand ($26.3 billion) rescue package on Tuesday, equivalent to 10% of the GDP of Africa's most industrialised nation, to try to cushion the economic blow of the coronavirus pandemic.

News

20 Apr Opposition MPs and peers call for universal basic income after lockdown

20 Apr Australia shares set to drop at open, NZ falls

20 Apr Uber launches website to help drivers navigate U.S. unemployment system

20 Apr New Zealand’s NZX faces technical issues as trading volumes soar

20 Apr United Airlines announces stock offering, shares slip

20 Apr UPDATE 1-LendingClub to lay off about a third of employees due to coronavirus

20 Apr Lawsuit claims 10 big banks rigged market for ‘odd-lot’ U.S. corporate bonds

20 Apr Small business loan program discriminated against women, minorities – lawsuit

20 Apr Online lender LendingClub to lay off 460 staff on coronavirus hit

20 Apr UPDATE 2-S.Africa’s Ramaphosa pledges COVID-19 rescue package worth 10% of GDP

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