Coronavirus: US To Borrow Record $3tn As Spending Soars
The US has said it wants to borrow a record $3tn (£2.4tn) in the second quarter, as coronavirus-related rescue packages…
Day: May 8, 2020
Coronavirus Sends U.S Unemployment Rate To 14.7%
The US unemployment rate has risen to 14.7%, with 20.5 million jobs lost in April, as the coronavirus pandemic devastated…
80 Million Chinese May Already Be Out Of Work
Wang is used to job hunting in China. The 26-year old tech worker spent the last year jumping from one…
Uber Says ‘No Sacred Cows’ Amid Coronavirus Crisis
Uber has warned it may scale back parts of the business as it tries to navigate through the coronavirus crisis.…
Nigeria: Petrol Price Reduction Won’t Be Immediate, Says Marketers
The latest reduction in the ex-depot price of petrol to N108 per litre will not translate to an immediate drop…
What Will Staying In A Hotel Look Like In The Near Future?
Goodbye, breakfast buffets and bellhop service. Hello, temperature screening and keyless check-in. While pandemic-era policies are still being developed at…
U.S., China Trade Officials Press Ahead With ‘Phase 1’ Deal As Trump Mulls Termination
U.S. President Donald Trump, critical of China’s early handling of the coronavirus outbreak in the city of Wuhan in late…
Walmart And Other U.S Superstores Are Still Hiring As Other Industries Purge Workers
Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc (WMT.N),…
J.C. Penney To File For Bankruptcy As Soon As Next Week
J.C. Penney Co Inc (JCP.N) is preparing to file for bankruptcy protection as soon as next week with plans to…
Tesla Aims To Restart Fremont Plant On Friday
Tesla Inc is aiming to restart production in its U.S. car plant in Fremont, California on Friday afternoon, according to…
Canada Loses Record 2 Million Jobs; Temporary Layoffs Hide Extent Of Damage
Canada lost a record-breaking 2.0 million jobs in April while the unemployment rate surged to a near-record high 13.0%, according…
Markets Start Pricing In Negative U.S. Interest Rates For First Time
Financial markets began pricing in a negative U.S. interest rate environment for the first time on Thursday, a place the…
Africa’s Wealthiest City Says 1 Million People Need Food Aid
Almost one million people in Johannesburg, South Africa’s commercial hub, are in need of food aid due to movement restrictions…