Covid-19

Lockdown: Day one in Cape Town in pictures

Lockdown: Day one in Cape Town in pictures

Cape Town's main roads were eerily quiet on Friday morning, the first day of the three-week lockdown ordered by President Cyril Ramaphosa to suppress the Covid-19 pandemic.The Department of Transport issued a statement, saying 22 347 traffic officers have been deployed across the country to "ensure compliance with the published regulations".With the lockdown in place,…

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Tesla to reduce on-site staff at Nevada gigafactory by 75%

Tesla to reduce on-site staff at Nevada gigafactory by 75%

Tesla is reducing the number of on-site workers at its Nevada gigafactory by 75% in response to the growing spread of COVID-19, according to an update from Storey County, where the massive plant is located. The information, which was first reported by Bloomberg, was part of a larger update on the Tahoe Reno Industrial Center…

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Oil plunges after Saudi Arabia, Russia talks stall

Oil plunges after Saudi Arabia, Russia talks stall

Oil prices tumbled Friday after Saudi Arabia said it hasn't recently held talks with Russia to end a price war that began earlier this month.Brent crude oil, the international benchmark, plunged by 6 percent to $24.77 a barrel while West Texas Intermediate crude oil, the U.S. benchmark, slid 4.9 percent to $21.50.The two countries have…

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Government boosts wage subsidy to 75% for small, medium businesses to avoid layoffs during COVID-19 crisis | CBC News

Government boosts wage subsidy to 75% for small, medium businesses to avoid layoffs during COVID-19 crisis | CBC News

Prime Minister Justin Trudeau today announced more help for small and medium-sized businesses to keep employees on the payroll during the COVID-19 crisis, including a 75 per cent wage subsidy and guaranteed interest-free loans.Prime Minister Justin Trudeau announced new measures Friday to help small and medium-sized businesses avoid layoffs during the COVID-19 crisis. (Sean Kilpatrick…

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