The oil giant BP has reported a record quarterly loss of $6.7 billion. Plus, $3,500 fines for people breaching COVID-19 restrictions in Melbourne, Australia. And, Ghana offers Americans of African ancestry the opportunity to move.
Is it all bad news that the U.S. dollar is down? Still no agreement to extend additional unemployment aid. U.S. action on Chinese companies may go beyond TikTok. And, amid calls for more police accountability, body cameras get more attention.
Last week, President Trump threatens to ban TikTok. Now, Microsoft says it’s in talks to take over the app’s U.S. operations. Where do things stand? Plus, Disney earnings this week. And, social impact investing is alive and well.
Microsoft has confirmed that it is continuing talks to purchase the U.S. operations of TikTok. HSBC sees profits plunge amid protests in Hong Kong. And, two years after a deadly bridge collapse in Genoa, the Italian city has a replacement.
The dollar is set for its biggest monthly decline in a decade. Analysis finds that Black and Latino workers are having their state unemployment claims rejected at disproportionately higher rates. And, the fight to save bananas from extinction.
The eurozone saw its largest contraction on record with declines of more than 10% each in Germany, France, Italy and Spain. Life after lockdown for a restaurant group in Lithuania. Airlines worry travel restrictions are stifling passenger demand.
Amazon’s big step to build out a network of satellites to provide high-speed internet. A Yale study finds expanded jobless benefits are not the reason people haven’t returned to work. And, the state of the hotel industry right now.
In the second quarter, GDP contracted at an annual rate of nearly 33%. Regionally, economic activity declined far more in areas reliant on sectors like manufacturing and tourism. Plus, how Quebec is trying to help local businesses stay afloat.
Democrats and Republicans appear no closer to reaching a deal on a COVID-19 relief bill. What does Fed Chair Jerome Powell think about that? Strong second-quarter earnings expected for Amazon. What utility PG&E can expect from a deal with Tesla.
Germany saw a large drop-off in consumer spending and in its vital export sector. China’s Huawei takes Samsung’s crown as the world’s biggest smartphone seller. Kenya’s flower industry starts to blossom again.
