Tag Archives: economy

5 things to know for June 12: Protests, election, economy, coronavirus, Lebanon

Watch military vehicles move onto Pennsylvania Ave. (June 1)

[ad_1] Here’s what you need to know to Get Up to Speed and On with Your Day. (You can also get “5 Things You Need to Know Today” delivered to your inbox daily. Sign up here.) 1. Protests 2. Election 2020 President Trump will accept the Republican nomination in Jacksonville, …

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U.S. insurers say coronavirus is unprecedented, and claim they are not required to cover the cost

[ad_1] U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover. The industry has warned it could cost them $255 billion to $431 billion a month if they are required, as some …

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Ricketts says he would tighten coronavirus restrictions if needed | Regional Government

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Orange County mayor provides coronavirus update as numbers continue to climb

[ad_1] As Florida continues along its path to a full reopening under Gov. Ron DeSantis’ phased plan, an increase on new COVID-19 cases continues to be reported. And as reported coronavirus cases remain high, so do the number of Americans who remain without work due to the pandemic. On Thursday, …

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UK risks ‘catastrophic’ one-two punch from coronavirus and Brexit

[ad_1] The head of the Confederation of British Industry, which represents 190,000 UK companies, warned Thursday that businesses would be unable to withstand another shock after the coronavirus pandemic hammered their cash reserves and left many fighting to survive. UK and EU officials are trying to agree new terms of …

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Texas cities face budget shortfalls after coronavirus

[ad_1] The economic impact from the coronavirus pandemic has left some of Texas’ biggest cities facing a difficult choice: cutting services like libraries, pools and parks, or raising taxes on their residents in the middle of the worst economy in a generation. “For example, this summer you’ll see swimming pools …

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Faced with $169M hole due to coronavirus, oil price slump, Houston City Council passes $5.1Bn budget for FY 21

[ad_1] HOUSTON – Faced with the biggest budget shortfall in five years due to the coronavirus pandemic and a slump in oil prices, the Houston City Council unanimously approved Mayor Sylvester Turner’s $5.1 billion budget for the fiscal year 2021 Wednesday. City councilmembers debated for six hours before approving the …

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Tech layoffs emerge in Bay Area

[ad_1] Tech companies are officially detailing the local impact of layoffs they have carried out, some linked to the fallout from the coronavirus, a grim reminder of the deep economic effects unleashed by the deadly bug. Lyft, Yelp, IBM, and LendingClub are among the tech companies whose Bay Area layoff …

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Global economy to contract by up to 7.6% in 2020

[ad_1] Guests arrive at the presentation of the candidacies for the 2020 World Expo, at the OECD headquarters on November 27, 2013 in Paris, France. Antoine Antoniol | Getty Images News | Getty Images The coronavirus pandemic is on track to cause the worst recession outside of wartime in 100 years, …

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