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US Consumer Confidence Slumps to Near 3-Year Low

'Intensification of COVID-19 and extreme volatility in the financial markets,' are to blame U.S. consumer confidence dropped to a near three-year low in March as households worried about the economys near-term outlook amid the COVID-19 pandemic. The survey from the Conference Board on Tuesday came in the wake of reports last week showing the number of Americans filing for unemployment benefits surging to a record 3.28 million in the week ending March 21, and business activity hitting an all-time low in March. The country has ground to a sudden stop as authorities enforce strict measures to control the spread of COVID-19, a respiratory illness caused by the Chinese Communist Party (CCP) virus. The Consumer Confidence Index fell sharply in March to 120, down from 132.6 in February. “The intensification of COVID-19 and extreme volatility in the financial markets have increased uncertainty about the outlook for the economy and jobs,” said Lynn Franco, Senior Director of Econ..

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Coronavirus: New Zealand Rugby offers Super Rugby teams $211,000 in short-term support

WELLINGTON (REUTERS) – New Zealand Rugby has offered a grant of NZ$250,000 (S$211,400) to each of the country's five Super Rugby teams to help them get through the next three months while the game remains suspended because of the coronavirus pandemic. The intercontinental Super Rugby competition was shut down after round seven when the New Zealand government enforced two weeks of self-isolation for anyone entering the country. Hopes of putting on a domestic competition foundered when government measures to counter the virus were further tightened, leaving the teams with players to pay but no revenue streams. "An emergency NZR grant of NZ$250,000 each is to be made available to all Super Rugby clubs for the next three months which is seen as a critical supplement to other financing options or levers being considered by the clubs," NZR chief Mark Robinson said in a statement. "These decisions are about protecting the core capability of the Super Rugby clubs so that they are read..

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Coronavirus: Premier League, EFL and PFA to discuss wage deferral agreement, says BBC

LONDON (REUTERS) – Premier League and English Football League clubs are seeking agreement on a collective wage deferral plan at a meeting with the Professional Footballers' Association on Wednesday (April 1), the BBC has reported. The report said the proposal is one option to help clubs safeguard their financial future during the coronavirus shutdown. English football has been suspended until at least April 30 and league authorities have said they will resume action "only when it is safe and conditions allow". Players at Championship leaders Leeds United have volunteered to take a wage deferral, while Birmingham City have asked some players to take a 50 per cent pay cut over the next four months. Tottenham Hotspur chairman Daniel Levy has called on Premier League players and managers to help English football deal with the crisis. "We have seen some of the biggest clubs in the world such as Barcelona, Bayern Munich and Juventus take steps to reduce their costs," said Levy, who..

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Coronavirus: Beijing 2022 Winter Olympics face ‘special situation’ after Tokyo delay

BEIJING (AFP) – Beijing 2022 organisers said they face "a special situation" after the postponement of the Tokyo 2020 Olympics means that there are less than six months between the Summer and Winter Games. The Tokyo Olympics are now scheduled to run from July 23 to Aug 8, 2021, after they were put back a year because of the coronavirus pandemic. However, with the Beijing Winter Games beginning on Feb 4, 2022, there is the unusual challenge of almost back-to-back Olympics. "The new dates of the Tokyo Olympic and Paralympic Games mean we are faced with a special situation where the Summer Games and Winter Games are to be held in half-a-year," a Beijing 2022 official told Xinhua news agency. "We will have a detailed assessment of how the new dates of Tokyo 2020 will affect the Beijing 2022 Games. "In the meantime, will keep close communication with the IOC (International Olympic Committee) and the Olympic family to handle the situation properly aRead More – Source [contf] [contfnew]..

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