Warnings that the pandemic could push half a billion people into poverty. Nobel laureate Esther Duflo offers advice for aiding the poor. We’re in for another awful report on layoffs in the U.S. today.
Italy’s Prime Minister says European countries must agree over debt sharing. Sub-Saharan African nations face their first recession in 25 years. Brazil’s top companies agree on no job cuts for 60 days.
Some rebounding for U.S. markets; less confidence for those in Europe. Honda, Nissan and Tesla on the list of car companies triggering mass furloughs of factory workers. An update on the extra $600 in unemployment benefits.
New rules on tax-protected retirement plans, so people can take their money out without penalty and put it back when cash flow returns. TJX the latest retailer to trigger mass furloughs. Slow ramp-ups for Chinese cities after lockdowns.
Buses, trains and domestic flights have resumed from the Chinese city at the center of the COVID-19 pandemic. Does the British government face a leadership vacuum? Spain considers a universal basic income.
Stocks are up again today, despite new data about the misery of American small businesses. The Fed steps in to help finance small business loans. How commercial fishers are faring. The push for corporations to donate to fight COVID-19.
Allstate says it’s proactively giving a 15% shelter-in-place discount to its car insurance customers. The call for the immediate cancellation of the debt of poor countries. The effect of the pandemic on black-owned businesses.
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The 19 countries using the euro currency meet to discuss financial aid. After news the British Prime Minister is in intensive care, the pound sterling is now stable. Dog obedience classes go online amid social distancing.
