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President Donald Trump’s re-election over Democrat Joe Biden, arguing as their convention opened for a second day that Trump’s leadership was very important to the nation’s economic and political future. Nearly 2,000 Hong Kong and worldwide artists and cultural workers said in a press release the safety law created “a local weather of fear and self-censorship”. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp’s partners. US consumer confidence fell for second straight month in August as households apprehensive concerning the financial outlook.

The proprietor of luxury wine brand Penfolds says the coronavirus pandemic has impacted the company’s ability to promote wine in major abroad markets. One of Australia’s main banks has suffered a financial rupture because of the coronavirus pandemic.

Stockland Sees Housing Market As Its Saviour After Reporting Loss

Qantas has axed considered one of its prime executive positions because the airline continues to cut employees numbers to scale back operating costs. Monash IVF has suffered a profit plunge because of the suspension of all non-urgent elective surgical procedure through the COVID-19 pandemic. Buy now pay later corporations have been among the winners on the Australian inventory market, including Afterpay, which introduced an enlargement into Europe by way of an acquisition.

Which huge names have filed for bankruptcy for the reason that coronavirus pandemic hit? The S&P 500 and the Nasdaq hit all-time closing highs on Tuesday, however a drop in Apple inventory capped features from constructive developments in U.S.-China commerce and contemporary progress within the medical battle against the coronavirus pandemic. Commercial property group GPT says the coronavirus pandemic has brought on major monetary damage to the group’s property portfolio. New figures present one Australian state has been essentially the most reliant on government payments in the course of the coronavirus pandemic. Employment website SEEK has revealed the huge impression coronavirus has had upon its business and the roles market.

South Australia’s tourism sector has been hit onerous however the pandemic, with 94 per cent of its companies counting on JobKeeper to remain afloat. Wage growth has plummeted to a 23-year low as the coronavirus pandemic weighs on workers. Wealth group AMP will return tens of millions of dollars to shareholders regardless of revenue slipping because of the coronavirus pandemic. Demand for zircon, which is utilized in ceramics, has fallen because of the coronavirus pandemic and led to a revenue slide for a mineral sands miner.

Google is to offer €4m in advertising credit and grants to small businesses, government agencies and non-governmental organisations right here in an effort to assist them get well from the impression of the Covid-19 pandemic. Asian stock were set for a uneven session on Wednesday, following a blended Wall Street lead as markets cheered signs of progress in U.S.-Sino commerce negotiations however remained cautious about the broader financial outlook. Australian shares fall in early trade after the S&P 500 and Nasdaq hit new records, but every different stock market was weaker, and American Airlines says its workforce will shrink by 30 per cent.

Spike In Jobless Claims Comes After Ppp And Other Pandemic Benefits Expired

Poultry producer Ingham’s suffered a fall in demand, whereas COVID-19 restrictions impacted the business each in Australia and New Zealand. The chairman of embattled wealth group AMP has abruptly resigned as a result of bungled CEO appointment at its wealth business. One of Australia’s major health insurance supplier’s profit has plunged due to the economic hardship attributable to COVID-19.