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Real ID deadline gets pushed back due to coronavirus

With travel at a near standstill amid the coronavirus pandemic, the Department of Homeland Security is delaying the Real ID enforcement deadline to Oct. 1, 2021.

5 years ago

Indian lockdown disrupts Amazon, Flipkart deliveries: sources

India's coronavirus lockdown is disrupting e-commerce companies including Amazon and Flipkart, despite government assurances it would not, four sources familiar with the matter told Reuters.



5 years ago

Fed's term repo operation receives no bids for first time

The Federal Reserve's term repurchase agreement (repo) operation on Friday morning received no bids out of a possible $500 billion for the first time since regular operations began last year.



5 years ago

Unemployed workers could get more than 100% of their paycheck under the coronavirus bill

The coronavirus relief bill would significantly expand unemployment benefits. For some workers, it could pay to be unemployed.

5 years ago

Bank of America capital levels allow operational focus during crisis: CEO

Bank of America Corp is better positioned to focus on operations rather than financial risk during the coronavirus outbreak, thanks to regulatory safeguards put in place after the financial crisis in 2008, Chief Executive Brian Moynihan said on Friday.



5 years ago

Trump blasts GM, Ford over ventilators; could order action

U.S. President Donald Trump blasted General Motors Co and Ford Motor Co on Friday, calling on the two U.S. automakers to quickly build badly needed ventilators for COVID-19 patients and suggesting he might invoke the Defense Production Act to force the companies to move faster.



5 years ago

Saudi Arabia says no talks on new oil deal as Moscow suggests larger OPEC+

Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets despite rising pressure from Washington to stop a price rout amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader.



5 years ago

Toyota to make face masks in U.S. to aid coronavirus battle

Toyota Motor Corp's North American unit said on Friday it would produce face shields, ventilators and respirators, as the death toll from the coronavirus exceeds 1,200 in the United States.



5 years ago

Equinor to quit U.S. lobby group over climate policy

Equinor will leave industry the Independent Petroleum Association of America (IPAA) lobby group over a disagreement on climate policy, the energy producer said on Friday.



5 years ago

Africa's web of creditors complicates coronavirus debt relief

Africa is crying out for debt relief to weather a perfect storm of coronavirus, plummeting oil and commodity prices, mounting budget deficits and weaker currencies.



5 years ago

Oil plunges more than 5% despite stimulus efforts

Oil prices plunged more than 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.



5 years ago

Forex volatility to make providers hike prices: Walmart de Mexico

Walmart de Mexico said on Friday that foreign exchange fluctuations will make its providers increase some of their prices, pointing to the depreciation of the peso and other currencies during the coronavirus crisis.



5 years ago

U.S. regulators give banks relief on accounting standard, derivatives rule

U.S. banking regulators announced Friday that banks would have the option of ignoring the capital implications of a new global accounting standard for two years in a bid to ensure banks continue lending through the pandemic.



5 years ago

Coronavirus relief bill gives small businesses more time to cover payroll taxes

The coronavirus relief act is giving employers, including sole proprietors, extra time to meet their share of Social Security payroll taxes, the 6.2% of wages they must pay. Deciding whether it's right for you won't be easy.

5 years ago

Apple works with White House to release 'COVID-19' app, website

Apple Inc and the White House said on Friday that the iPhone maker worked with the Trump administration and federal agencies to release an app and website that will direct users to guidance from the Centers for Disease Control on the disease caused by the coronavirus.



5 years ago