The AFL-CIO union federation warned Tuesday that workplaces were still far too dangerous to consider reopening amid the coronavirus pandemic, even as some governors are starting to lift restrictions in order to get businesses up and running again. Richard Trumka,…
Read MoreUK furlough scheme could just delay massive unemployment rise
Unemployment up a tad to 4%. Job vacancies and pay growth down a fraction. Britain’s latest official labour market figures are a bit like the Domesday Book: comprehensive and rich in detail but of historical interest only. The contrast between…
Read MoreUK economic crisis: Britain faces HUGE recession in wake of coronavirus lockdown
BoE Deputy Governor Ben Broadbent said the economy might be slow to recover eveb when coronavirus lockdown restrictions are lifted if people remain wary about resuming their everyday lives as before. He said: “The question that we will have to…
Read MoreIndustry’s Labor Leaders Issue Joint Statement On Efforts To Keep Members Safe “Once People Can Return To Work”
Leaders of the film and TV industry’s major guilds and unions say that although they do not know when the coronavirus shutdown will subside enough to allow productions and other elements of the industry to begin opening back up for…
Read MoreU.S. Stocks Close Mixed After Seeing Early Weakness
Stocks showed a notable move to the downside in early trading on Monday but regained ground as the day progressed. The major averages climbed well off their worst levels of the day, with the tech-heavy Nasdaq reaching positive territory. While…
Read MoreTrump’s Failure on Testing Makes Reopening Guesswork
The U.S. government’s inability — no, make that its refusal — to take charge of Covid-19 testing is a national disgrace, with profound consequences that will arrive soon. With pressure building to reopen the economy, the lack of meaningful testing…
Read MoreHow Shake Shack pivoted during the Covid-19 pandemic
Hong Kong (CNN Business)Shake Shack (SHAK) is returning a $10 million loan it received from the US government under an emergency program that was touted as a way to help small businesses pay workers and keep their operations running during…
Read MoreNifty50 firms’ net profit likely to decline 19%
Corporate revenues will decline for a third consecutive quarter in March on a YoY basis – one of the worst shows by these companies in many years. The coronavirus lockdown is expected to burn a large hole in corporate earnings…
Read MoreHin Leong Failed to Declare $800 Million Losses
The son of the legendary founder of Hin Leong said the Singapore oil trader hid about $800 million in losses racked up in futures trading, suggesting a much bigger hole in the company’s finances than thought, according to people with…
Read MoreGene Deitch Dies: Oscar-Winning Illustrator, Film Director, Producer Was 95
Gene Deitch, whose film Munro won the Academy Award for Best Animated Short Film in 1960, died on Thursday in his apartment in Prague, according to his Czech publisher. No cause of death was given. Deitch was also nominated for…
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