Business

Large shipping firm seeks financial relief from Hawaii due to slowdown caused by COVID-19 crisis

  By Alfred Acenas EBC Hawaii Bureau HONOLULU (Eagle News) – Young Brothers, LLC (YB) announced on Tuesday, May 26, that it is seeking assistance from the Hawaii legislature and Public Utilities Commission (PUC) to alleviate an impending cash crisis …

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Hawaii may see double-digit economic downturn in 2020

  By Alfred Acenas EBC Hawaii Bureau HONOLULU (Eagle News) – The State of Hawaii’s Department of Business, Economic Development, and Tourism (DBEDT) released its second quarter 2020 Statistical and Economic Report on May 22, 2020 and estimated that Hawaii’s …

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Trudeau promises paid sick leave for workers when the pandemic ends

  By Thomas I. Likness EBC Edmonton Bureau EDMONTON (Eagle News) — Canadian workers are being promised 10 days of paid sick leave a year by Prime Minister Justin Trudeau. “We know that you deserve to be treated fairly on …

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Canada’s inflation rate turned negative in April

  By Thomas I. Likness EBC Edmonton Bureau EDMONTON (Eagle News) — In the first full month of the COVID-19 pandemic, Canada’s inflation rate turned negative, Statistics Canada said Wednesday. In its monthly report, the agency said the annual inflation …

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Facebook launches ‘Shops’ to showcase online stores

  SAN FRANCISCO (AFP) — Facebook on Tuesday reached out to businesses struggling to survive the pandemic with free tools for creating online “Shops” at the social network and Instagram. Merchants can easily set up shops on Facebook and Instagram, …

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Daily Insight interviews 17-year-old entrepreneur who started online bakery business “Too Sweet For Words”

WASHINGTON (Eagle News) — While other high school students are constantly on social media, young Entrepreneur Elise Danielle Manglicmot decided to be productive during the pandemic and start her own online business. In this episode of Daily Insight, find out …

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Shrugging off early weakness, Wall Street stocks finish up

NEW YORK (AFP) — Wall Street stocks shrugged off early weakness and finished higher Friday despite another round of dreadful economic data and escalating US-China tensions. The Dow Jones Industrial Average ended up 0.3 percent at 23,685.42. The broad-based S&P …

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California authorities say Tesla plant could reopen next week

  SAN FRANCISCO (AFP) — Authorities in California say Tesla’s only assembly plant in the United States could open as early as next week, albeit with enhanced safety measures because of the pandemic, after a very public anti-lockdown tirade by …

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Tokyo stocks open slightly higher

  TOKYO (AFP) — Tokyo stocks opened slightly higher on Tuesday with investors cautiously optimistic on hopes of economic restarts after business shutdowns forced by the coronavirus outbreak. The benchmark Nikkei 225 index gained 0.17 percent or 34.87 points to …

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Google, Facebook extend work-from-home plans

  SAN FRANCISCO (AFP) — Google and Facebook have told most employees to keep working from home for the rest of the year as part of a response by the tech giants to the deadly coronavirus pandemic. Chief executive Sundar …

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Hawaiian Airlines reports huge losses in first quarter of 2020 due to route suspensions, quarantines caused by COVID-19 pandemic

By Alfred Acenas EBC Hawaii Bureau HONOLULU (Eagle News) – Hawaiian Holdings, Inc. (NASDAQ: HA), the parent company of Hawaiian Airlines, released on Tuesday, May 5, its financial status report for the first quarter of 2020. As expected, the shutdown …

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IMF provides emergency funding for Independent Samoa’s fight against COVID-19

  By Alfred Acenas EBC Hawaii Bureau HONOLULU(Eagle News) – The Executive Board of the International Monetary Fund (IMF) approved a disbursement to the Independent State of Samoa under the Rapid Credit Facility (RCF) the equivalent of about US$22.03 million …

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