The International Monetary Fund on Tuesday forecast that the recession-wracked British economy will shrink by almost ten percent this year on coronavirus fallout. A contraction in gross domestic product of 9.8 percent would however be an improvement on the previous IMF forecast of 10.2 percent, the Fund added. The UK […]
virus
Brazil’s poor squeezed by less virus aid, surging food costs
RIO DE JANEIRO (AP) – Many people in Brazil are struggling to cope with less pandemic aid from the government and jumping food prices, with millions expected to slip back into poverty. Brazil’s government, starting this month, halved the amount of its monthly emergency cash transfers to help Brazil’s poor […]
The IMF wants new rules to help women who are disproportionately impacted by virus job losses
Data shows a more significant drop off for women than men when comparing their movements in the 30 days prior and 30 days after the imposition of virus lockdowns. The Fund warned back in July that in the U.S., about 54% of female workers are employed in sectors that cannot […]
Manchester Airport owner could cut over 800 jobs on virus hit
FILE PHOTO: Staff wearing protective face masks outside Manchester Airport, following the outbreak of the coronavirus disease (COVID-19), Manchester, Britain, June 8, 2020. REUTERS/Phil Noble/File Photo (Reuters) – The owner of Britain’s Manchester Airport said on Wednesday it could cut over 800 jobs at its airports as it began talks […]
Madrid Alleges 18,000 Jobs Lost Each Week on New Virus Curbs
(Bloomberg) — © Bloomberg A pedestrian wearing a protective face mask walks by a closed store in the Puente de Vallecas district of Madrid, Spain, on Monday, Sept. 21, 2020. In Spain, which has the most coronavirus cases in Europe, Regional President Isabel Diaz Ayuso banned non-essential movement in 37 […]
British finance chief in balancing act over virus plan
UK finance minister Rishi Sunak, battling record deficits and soaring debt due to his government’s emergency coronavirus response, faces a politically dangerous balancing act to pay the bill, analysts say. © JOHN SIBLEY Sunak has already pumped billions into virus-related health spending and jobs support schemes As the outbreak raged, […]
Shell to Cut Up to 9,000 Jobs as Virus Accelerates Overhaul
(Bloomberg) — Royal Dutch Shell Plc will cut as many as 9,000 jobs as Covid-19 accelerates a companywide restructuring into low-carbon energy. © Bloomberg A Royal Dutch Shell Plc representative wears a shirt with the company’s logo at an oil rig site near Mentone, Texas, U.S., on Thursday, March 2, […]
UK finance minister Rishi Sunak in balancing act over virus plan
© Photo: POOL / JOHN SIBLEY UK finance minister Rishi Sunak UK finance minister Rishi Sunak, battling record deficits and soaring debt due to his government’s emergency coronavirus response, faces a politically dangerous balancing act to pay the bill, analysts say. As the outbreak raged, total public debt rocketed above […]
TSX Snaps 3-day Winning Streak, Ends Weak On Virus Concerns
(RTTNews) – The Canadian stock market ended on a negative note on Tuesday as stocks turned easy after three successive days of gains, with investors turning cautious and looking ahead to the presidential debate in the U.S., set to take place later in the day. A surge in coronavirus cases […]
American Air Joins Rush to Provide Preflight Virus Testing
(Bloomberg) — American Airlines Group Inc. joined the dash among U.S. carriers to offer preflight coronavirus testing to Jamaica and Hawaii that it hopes to eventually expand to other international markets. © Bloomberg Travelers wearing protective masks wait to board an American Airlines fight at Dallas/Fort Worth International Airport (DFW) […]
Warehouses Beat Malls as Virus Fuels Record Global Investment
(Bloomberg) — Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic. Load Error Warehouse deals accounted for a record share of global commercial real estate investment in the first half of the […]
Virus Forces Sunak to Spend More on Saving U.K. Jobs, Firms
(Bloomberg) — Chancellor of the Exchequer Rishi Sunak will set out a new crisis plan to protect jobs and rescue businesses as the coronavirus outbreak forces the U.K. to return to emergency measures. With Covid-19 spreading rapidly again, Sunak is having to provide more state support to avoid a surge […]
Australia’s virus hotspot may speed up lifting curbs as cases fall
© Reuters/LOREN ELLIOTT People wear face masks in the city centre in Sydney By Sonali Paul and Renju Jose Load Error MELBOURNE/SYDNEY (Reuters) – Australia’s coronavirus hot spot of Victoria is considering easing curbs sooner than previously flagged, the state’s premier said on Wednesday, as the two-week average of new […]
U.S. Cases Steady as Death Toll Nears 200,000: Virus Update
(Bloomberg) — Load Error Covid-19 cases in the U.S. steadied as deaths approached 200,000. Former FDA Commissioner Scott Gottlieb said he expects the U.S. to experience “at least one more cycle” of the virus in the fall and winter. U.K. Health Secretary Matt Hancock said the country is at a […]
Europe Tightens Virus Curbs With France, U.K. at Four-Month High
(Bloomberg) — France and the U.K. reported the most new coronavirus cases since May for the second day in a row, underscoring Europe’s risk of a return to lockdowns that crippled the economy in the second quarter. With Finance Minister Bruno Le Maire in quarantine after testing positive for […]
Maine blueberry industry reels from drought, frost, virus
PORTLAND, Maine (AP) — A late spring frost, a devastating drought and labor troubles wrought by the coronavirus pandemic conspired to make 2020 a difficult year for the wild blueberry producers who harvest the fruit in the nation’s northeastern corner. America’s producers of wild blueberries are largely located in Maine, […]
Banks To Tailor Virus Help For Credit Card, Loan Customers
Law360, London (September 16, 2020, 5:55 PM BST) — The Financial Conduct Authority on Wednesday told lenders to provide tailored support for credit card and loan customers struggling with the novel coronavirus pandemic, as payment deferrals that do not impact consumer credit files are due to end in November. The […]
The Latest: Virus scraps Florida Atlantic-Georgia Southern
The Latest on the effects of the coronavirus outbreak on sports around the world: ___ Florida Atlantic postponed its football opener Saturday at Georgia Southern because of a coronavirus outbreak. The two schools hope to reschedule, FAU said Friday. Eleven people in the FAU program tested positive for the coronavirus […]
Musician starts non-profit to fund New Orleans’ artists during the pandemic after losing his father to the virus
Delfeayo Marsalis’ father, Ellis Marsalis Jr., was a jazz icon in New Orleans, as well as the patriarch of the Marsalis family. After 85 years of bringing jazz to his community, the elder Marsalis died of complications from Covid-19. The day after his death, a local music store put out […]
Purge Virus Launches National Branding Initiative, Targets Substantial Dental Care Industry
Chicago, IL, Aug. 31, 2020 (GLOBE NEWSWIRE) — FOMO CORP. (US OTC: ETFM) is pleased to announce that Purge Virus LLC (“PV”) – which is under a LOI to merge with FOMO this Fall – is generating promising traction by engaging clients such as a leading Philadelphia-based dental care provider […]