WASHINGTON — Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic. A flurry of data released Wednesday suggested
Tag: outbreak
More UK banknotes stashed, but cash spending down: Bank of England
© Reuters. FILE PHOTO: The outbreak of the coronavirus disease (COVID-19), in London LONDON (Reuters) – Demand for banknotes in Britain has increased since the coronavirus pandemic hit the country, despite a fall in the use of cash after government
Symphony nursing home chain has 5 homes in Chicago among state’s 25 hardest hit by COVID
In April, a coronavirus outbreak killed 24 residents and two employees of the Symphony of Joliet nursing home. | Scott Olson / Getty Images The Lincolnwood-based company has had 147 coronavirus deaths and 1,016 coronavirus cases involving residents and workers,
From ‘haves’ to ‘have-nots’: how COVID-19 is swelling UK’s subprime ranks
3/3 © Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in London 2/3 By Sinead Cruise and Iain Withers LONDON (Reuters) – One morning, after years of financial prudence and solid creditworthiness, you wake up and it’s all gone.
US casinos recovering from virus, but challenges remain
America’s casinos are recovering from months of closures necessitated by the coronavirus outbreak, having regained 81% of the gambling revenue they saw in the third quarter of last year, the casinos’ trade association said Monday. But that recovery is threatened
Analysis: Low on stock – Pandemic-era IPO boom may not reverse equity shortage
© Reuters. FILE PHOTO: A passerby wearing a protective face mask, following an outbreak of the coronavirus, walks past an electronic board showing the graphs of the recent movements of Japan’s Nikkei share average outside a brokerage in Tokyo, Japan
Secret Service Struck Again by Coronavirus Outbreak
WASHINGTON — The Secret Service’s Uniformed Division has sustained a coronavirus outbreak, according to four people briefed on the matter, the latest blow to a beleaguered agency that has faced challenges in performing its duties during the pandemic. The outbreak
IMF more upbeat on Spain’s 2020 economic slump, wary on 2021 rebound
© Reuters. The coronavirus disease (COVID-19) outbreak, in Madrid By Belén Carreño and Jesús Aguado MADRID (Reuters) – The International Monetary Fund said on Friday that Spain’s economic contraction may be less severe in 2020 than the 12.8% it predicted
Indian govt’s latest stimulus to boost jobs, credit, farm sector
© Reuters. Outbreak of the coronavirus disease (COVID-19) in Mumbai By Aftab Ahmed and Swati Bhat NEW DELHI (Reuters) – The Indian government announced a fresh stimulus of $16.1 billion on Thursday to be spent largely on creating jobs and
Indian govt announces third round of stimulus totalling $16.1 billion
© Reuters. Outbreak of the coronavirus disease (COVID-19) in Mumbai By Aftab Ahmed NEW DELHI (Reuters) – India’s economy is seeing a strong recovery taking root, Finance Minister Nirmala Sitharaman said on Thursday while announcing a third round of fiscal
India’s economy is seeing a ‘strong recovery’ take root, finance minister says
© Reuters. Outbreak of the coronavirus disease (COVID-19) in Mumbai NEW DELHI (Reuters) – India is seeing a “strong recovery” taking root in the economy, as seen by increased goods and service tax collections and other metrics, Finance Minister Nirmala
Ohio State-Maryland game is canceled after coronavirus outbreak
Maryland’s game against Ohio State was called off after a coronavirus outbreak among the Terrapins. | Jay LaPrete/AP COVID-19 continues to upend the college football season. The Big Ten football game between No. 3 Ohio State and host Maryland on
Factories lead as largest source of COVID-19 outbreaks in Illinois
Tootsie Roll’s plant at 7401 S. Cicero Ave., was the center of a COVID-19 outbreak last spring. The state said Friday that factories were the leading source of outbreaks in Illinois. | Google maps Gov. J.B. Pritzker announced new contact
Racial gap in U.S. jobless rate narrows in October
© Reuters. FILE PHOTO: A new business advertises for workers as it prepares to open up during the outbreak of the coronavirus disease in California, (Reuters) – The gap in unemployment rates between Blacks and whites in the United States
Analysis: Bond markets should brace for tighter central bank squeeze
2/2 © Reuters. The outbreak of the coronavirus disease (COVID-19), in London 2/2 By Dhara Ranasinghe and Sujata Rao LONDON (Reuters) – As the British and Australian central banks prepare to crank up their money-printing presses and the U.S. election
China expects service imports to reach $2.5 trillion over five years: Shanghai Securities News
© Reuters. Outbreak of the coronavirus disease (COVID-19) in Beijing BEIJING (Reuters) – China’s Ministry of Commerce expects the country’s service imports to reach $2.5 trillion over the next five years, the official Shanghai Securities News said, citing a report
ECB shouldn’t take market calm for granted as economy turns for worse: Schnabel
© Reuters. Outbreak of the coronavirus disease (COVID-19) in Frankfurt FRANKFURT (Reuters) – The European Central Bank should not take the calm in the bond market for granted as the virus-stricken euro zone economy takes a turn for the worse
COVID-19 restrictions could mean fourth quarter contraction in parts of EU, ECB’s De Cos says
2/2 © Reuters. The outbreak of the coronavirus disease (COVID-19), in Madrid 2/2 By Jesús Aguado and Emma Pinedo MADRID (Reuters) – Spain and other European economies will slow and could contract in the fourth quarter of 2020 because of
Wisconsin cancels game with Purdue due to COVID-19 outbreak
Wisconsin has canceled Saturday’s game against Purdue because of a coronavirus outbreak. | Joe Scarnici/Getty Images This is the second game Wisconsin has canceled because of the pandemic MADISON, Wis. — Wisconsin has canceled Saturday’s home game against Purdue, the
China state banks plan curbs on metals, forex trades if U.S. election fuels volatility
© Reuters. Security guard wearing a mask following the coronavirus disease (COVID-19) outbreak is seen near the Bank of China in Beijing BEIJING/SHANGHAI (Reuters) – Two major state-owned Chinese banks warned on Monday that they could restrict trading of precious
In recovery race, Europe’s wealthy north spend big
© Reuters. Outbreak of the coronavirus disease (COVID-19) in Frankfurt By Mark John LONDON (Reuters) – With the pandemic having pushed any talk of austerity to the sidelines, the race is on in Europe to spend its economies out of
Wisconsin Faces a Challenge: Getting Out the Vote When Most People Have Already Voted
MILWAUKEE — As Wisconsin weathers the worst coronavirus outbreak of any presidential battleground, the state Democratic Party is calling and texting voters instead of going door to door. The Biden campaign’s get-out-the-vote effort in the state is all virtual. Stepping
Britain extends help to coronavirus-hit borrowers
© Reuters. The outbreak of the coronavirus disease (COVID-19) in London LONDON (Reuters) – Britain’s financial watchdog said on Monday it would extend payment holidays on credit cards, car finance, personal loans and pawned goods before tougher coronavirus restrictions come
Guidelines for COVID-19 tests for airline passengers could set global bar for reliability, sources say
2/2 © Reuters. Outbreak of the coronavirus disease (COVID-19) in New York 2/2 By Allison Lampert and David Shepardson MONTREAL/WASHINGTON (Reuters) – A global aviation manual now under review by a UN body suggests global guidelines calling for the use
Exclusive: Wealthy creditors give Cuba a pass, but will impose penalties
© Reuters. FILE PHOTO: Coronavirus disease (COVID-19) outbreak in Havana By Marc Frank HAVANA (Reuters) – Wealthy nations grouped together in the Paris Club of creditors have waived Cuba’s annual payment for restructured debt but plan to impose a penalty
German economy grows record 8.2% in third quarter
© Reuters. Outbreak of the coronavirus disease (COVID-19) near Frankfurt BERLIN (Reuters) – The German economy grew by a record 8.2% in the third quarter as Europe’s largest economy partly recovered from its worst ever recession caused by the COVID-19
Asian shares look for rebound following tech earnings
© Reuters. People wearing protective face masks, following an outbreak of the coronavirus, are reflected on a screen showing Nikkei index, outside a brokerage in Tokyo By Pete Schroeder (Reuters) – Asian markets looked to continue an upward swing on
Dodgers defeat the Tampa Bay Rays to win first World Series title since 1988
All year long, from February when the coronavirus outbreak was a concept beyond our imaginations and a shutdown was inconceivable, until Tuesday night, the Dodgers believed this was the year. This was the year those hovering ghosts — produced by
Almost 200 European airports face insolvency, airports body ACI Europe says
© Reuters. The coronavirus disease (COVID-19) outbreak in Rome By Marine Strauss BRUSSELS (Reuters) – Nearly 200 airports in Europe will face insolvency in the coming months if passenger traffic does not start recovering by the end of the year,
UK says jobs furloughed at end of August could reach 3.7 million
© Reuters. FILE PHOTO: A man walks past a job centre following the outbreak of the coronavirus disease (COVID-19), in Manchester LONDON (Reuters) – The number of jobs furloughed as of Aug. 31 could reach 3.7 million, Britain’s tax office