•   
  •   
  •   

Sports Athletes open their wallets for coronavirus relief

21:15  25 march  2020
21:15  25 march  2020 Source:   imagn.com

Canadian athletes call IOC statement on Games insensitive and tone deaf

  Canadian athletes call IOC statement on Games insensitive and tone deaf TORONTO — The International Olympic Committee reiterated that the Tokyo Games will go as planned on Tuesday, despite a sports world that has screeched to a halt. Amid the COVID-19 pandemic that continues to cut a swath across the planet, some Canadians called the IOC's message tone deaf. In a lengthy post on Twitter, Canadian women's hockey star Hayley Wickenheiser said no-one can know at this point whether the Olympics will or should be cancelled. "To say for certain they will go ahead is an injustice to the athletes training and global population at large," said Wickenheiser, a six-time Olympian and member of the IOC Athletes Commission.

Help for Canada's oil and gas sector is "hours, possibly days" away, federal Finance Minister Bill Morneau said Wednesday, as the industry continues to slash spending plans by the billions of dollars.

Addressing a Senate committee meeting, Morneau said the energy sector has been hit by a combination of an oil price war between Saudi Arabia and Russia, tumultuous stock markets and COVID-19.

Related video: How coronavirus is impacting the economy around the world (Provided by Global News) 

"The energy sector is in a particularly challenging situation," Morneau said.

Global athletes using their money, platform to plead for support against COVID-19

  Global athletes using their money, platform to plead for support against COVID-19 As the novel coronavirus continues to wreak havoc, athletes from around the globe are issuing rally cries against the growing pandemic. Despite the absence of pro sports and the recent postponement of the Olympics, some of the world's biggest stars are turning to social media in the hopes of mobilizing fans and supporters against the spread of COVID-19 — which has killed more than 22,000 people with nearly a half million people infected worldwide. One of the most passionate pleas has come from UFC star Conor McGregor. On Wednesday, the mixed martial artist pledged to donate more than $1 million US in personal protective equipment to hospitals in Ireland.

The minister said Ottawa has been in daily contact with provincial governments to discuss those issues and how it is impacting provincial revenues.

"We're also in hourly contact with the energy sector to think about how we can bridge the time by providing some sort of appropriate credit opportunities for them — and that is work that is going on right now," he said.

"I don't have the final answer on the exact hour that that will be delivered, but I'm not talking about weeks. I'm talking about hours, potentially days, that we can ensure that there's credit facilities for especially the small- and medium-size firms in that sector."

Morneau did not discuss how the federal government would do this.

He said the 10 largest companies in the oil and gas sector have existing credit relationships with their banks and, in most cases, have available credit.

IOC member says Tokyo 2020 will be postponed amid coronavirus crisis

  IOC member says Tokyo 2020 will be postponed amid coronavirus crisis IOC member says Tokyo 2020 will be postponed amid coronavirus crisis"On the basis of the information the IOC has, postponement has been decided," Pound told Christine Brennan of USA TODAY. "The parameters going forward have not been determined, but the games are not going to start on July 24, that much I know.

"But they are under strain, too," he said. "So we're also looking at individual issues in that sector. Those are all important."

Canada's oil and gas sector is being hit with the fallout of plunging crude prices linked to a market share battle between Saudi Arabia and Russia, and lower demand because of the COVID-19 pandemic

Suncor Energy, Husky Energy, Cenovus Energy, MEG Energy and Seven Generations Energy are among the list of other companies to also announce spending reductions recently.

On Tuesday, Bloomberg News pegged the amount of money that Canadian energy companies have slashed in capital spending for the year at between $5.3 billion to $6.5 billion.

Are you on LinkedIn? Follow Microsoft News Canada and keep up with the latest industry news, career, jobs and tech updates. Connect with us now!


Athletes who have tested positive for COVID-19 .
Athletes who have tested positive for COVID-19

—   Share news in the SOC. Networks
usr: 0
This is interesting!