Cruise lines miss out on economic relief

Cruise lines miss out on economic relief

The cruise industry’s major players have been shut out from government assistance under the major economic-recovery bill signed by President Donald Trump on Friday The bill passed by Congress says companies getting loans or loan guarantees must be...
Cruise lines miss out on economic relief

Global economy is in recession: IMF head

The head of the International Monetary Fund says it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn. IMF Managing Director Kristalina Georgieva said the 189-member lending agency was forecasting a...
Cruise lines miss out on economic relief

Wall Street drops after three-day surge

Wall Street has fallen more than 3.0 per cent following the S&P 500 and the Dow’s best three-day run in nearly a century as fears about the economic damage from the coronavirus pandemic returned to the forefront. The United States on Thursday surpassed China...
Cruise lines miss out on economic relief

European shares dip on virus worries

European stocks have fallen, halting their biggest ever three-day rally in a sign investors were focusing once more on the spread of the coronavirus pandemic despite hopes for further stimulus measures to combat its economic impact. The pan-European STOXX 600 index...
Cruise lines miss out on economic relief

ACCC gives green light to Bauer merger

The competition watchdog has given the green light for the proposed $40 million merger of Australian Women’s Weekly publisher Bauer Media and New Idea owner Pacific Magazines. The ACCC had from October assessed the impact of the Bauer purchase, given the close...