The Illegal Underground Hairdresser Ignoring Lockdown Rules | This Morning

It’s the everyday activity that we’d never dreamed would become illegal. After struggling to meet credit card payments and other bills, hairdresser ‘Jane’ decided to defy the lockdown rules and has been continuing to cut her clients’ hair despite it being banned. She joins us anonymously alongside her client ‘Kate’ to explain her reasons for … Read more The Illegal Underground Hairdresser Ignoring Lockdown Rules | This Morning

“Severe recession” warning as jobless benefit claims surge – BBC News

The Chancellor has delivered a sombre warning about the prospects for the UK economy in the wake of the coronavirus pandemic. Rishi Sunak said the nation was heading into a “severe recession” and it’s “not obvious there will be an immediate bounceback” once lockdown restrictions are eased more fully. His warning came as the latest … Read more “Severe recession” warning as jobless benefit claims surge – BBC News

Nine million EasyJet customers’ details hacked

Britain’s data watchdog is investigating after the breach which saw 2,200 customers’ credit card details accessed by hackers. SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews For more content go to http://news.sky.com and download our apps: Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android … Read more Nine million EasyJet customers’ details hacked

Powell Says Fed Has America’s Back With Congress Arguing Over Aid

Federal Reserve Chairman Jerome Powell said the central bank is ready to use all the weapons in its arsenal to help the U.S. economy endure the coronavirus pandemic, as attention shifts to whether Republicans and Democrats will agree to more fiscal aid. “We are committed to using our full range of tools to support the … Read more Powell Says Fed Has America’s Back With Congress Arguing Over Aid

Oatkree’s Marks Says Distress Is Coming as Fed Withdraws Support

May.18 — Howard Marks, co-founder and co-chairman at Oaktree Capital, the largest investor in distressed securities worldwide, discusses the Federal Reserve’s great power to respond to the coronavirus pandemic, and the “substantial opportunity” his firm sees coming in distressed credit. He spoke exclusively with Bloomberg’s Erik Schatzker from Los Angeles on “Bloomberg Front Row.”

Oaktree’s Howard Marks on Fed Support, Credit Market Distress, Virus Impact

May.18 — Howard Marks, co-founder and co-chairman at Oaktree Capital, the largest investor in distressed securities worldwide, discuses Federal Reserve intervention in response to the coronavirus pandemic, and warns that distress will sweep through credit markets when the Fed’s support inevitably recedes. He spoke exclusively with Bloomberg’s Erik Schatzker from Los Angeles on “Bloomberg Front … Read more Oaktree’s Howard Marks on Fed Support, Credit Market Distress, Virus Impact

Complex coronavirus travel refund process leaves couple $20,000 out of pocket | ABC News

A Melbourne couple has been left $20,000 out of pocket after their South African odyssey was cancelled because of coronavirus restrictions. Brigid and Don Burnard booked a $33,798 package holiday with Imagine Cruising which included a luxury cruise, rail adventure and safari. The company agreed to refund a third of the payment, but $20,246 remains … Read more Complex coronavirus travel refund process leaves couple $20,000 out of pocket | ABC News

Rise in Credit Costs Key Danger For Japan Banks’ Profits: Analyst

May.15 — Brian Waterhouse, founder and partner of Windamee Research, discusses the health of Japanese banks amid the coronavirus outbreak. Waterhouse says the greatest danger to the lenders’ profits is the potential rise in credit costs. He speaks with Haslinda Amin and Rishaad Salamat on “Bloomberg Markets Asia”.

Bank Earnings Take Hit From Coronavirus

May.14 — Bloomberg Television’s Erik Schatzker hosts a roundup of earnings reports from the world’s biggest banks, with financial leaders discussing how their quarterly results were affected by the Covid-19 pandemic. Guests include Morgan Stanley Chairman and Chief Executive Officer James Gorman, UBS CEO Sergio Ermotti, Barclays CEO Jes Staley and Credit Suisse CEO Thomas … Read more Bank Earnings Take Hit From Coronavirus

India May See ‘Flattish’ U-Shape Recovery, Elera Capital Says

May.14 — Garima Kapoor, economist at Elara Capital, talks about the Indian government’s efforts to support the economy amid the coronavirus outbreak. The government offered $62 billion in credit lines to small firms and the shadow banks that fund them, and another $10 billion to the electricity distributors as it gears to restart the economy cratered … Read more India May See ‘Flattish’ U-Shape Recovery, Elera Capital Says

Pelosi Defends Democrats’ New $3 Trillion Virus Economic Relief Plan

House Speaker Nancy Pelosi unveiled a more than $3 trillion coronavirus aid package Tuesday, providing nearly $1 trillion for states and cities, “hazard pay” for essential workers and a new round of cash payments to individuals. The House is expected to vote on the package as soon as Friday, but Senate Majority Leader Mitch McConnell … Read more Pelosi Defends Democrats’ New $3 Trillion Virus Economic Relief Plan

Rishi Sunak extends furlough job retention scheme until end of October

The chancellor, Rishi Sunak, says the coronavirus job retention scheme will be extended for four months, until the end of October. There will be no changes until the end of July, he says, and in August, September and October it will continue with more flexibility. Sunak added that 7.5m jobs have been supported by the … Read more Rishi Sunak extends furlough job retention scheme until end of October

Saudi Aramco Keeps Dividend Even as Oil Crisis Hits Profit

May.12 — Saudi Aramco, the kingdom’s state-controlled oil giant, retained its massive dividend despite a 25% plunge in profit, and signaled it would keep spending in check as it braces for deeper damage from the oil crisis. Annmarie Hordern reports on “Bloomberg Surveillance.” Bloomberg YouTube Channel Saudi Aramco would be paying dividends totalling USD $75 … Read more Saudi Aramco Keeps Dividend Even as Oil Crisis Hits Profit

Turkey touts ‘contact tracers’ in bid to curb COVID-19

Officials in Turkey say the use of so-called contact tracers has helped control its coronavirus outbreak. More than 3,600 people have died since March – but deaths have been falling for 17 straight days. Al Jazeera’s Sinem Koseoglu reports on the treatment method getting the credit. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us … Read more Turkey touts ‘contact tracers’ in bid to curb COVID-19