Italy extends furlough support in new stimulus package

4/4 © Reuters. FILE PHOTO: Coronavirus disease (COVID-19) outbreak in Naples 2/4 By Giuseppe Fonte ROME (Reuters) – Italy approved on Friday a new stimulus package aimed at helping businesses and families survive the coronavirus crisis, while Rome waits to receive funds from the European Union’s Recovery Fund. The government would use the extra spending, […]

Read More

US Intelligence: China, Russia, Iran all seek to interfere in 2020 presidential election

In this June 29, 2019 photo, U.S. President Donald Trump, left, shakes hands with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, western Japan. | Susan Walsh/AP U.S. intelligence has assessed that China is hoping President Trump does not win reelection, Russia is working to denigrate Democrat […]

Read More

Fed’s Powell continued regular meetings with Treasury’s Mnuchin in June

© Reuters. FILE PHOTO: U.S. House of Representatives Financial Services Committee hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), in Washington (Reuters) – Federal Reserve Chair Jerome Powell continued to stay in frequent contact with Treasury Secretary Steven Mnuchin and top lawmakers in June, […]

Read More

New U.S. Postal Service chief warns of ‘dire’ finances as quarterly loss narrows

3/3 © Reuters. FILE PHOTO: U.S. postal workers load their trucks with mail for delivery from their postal station in Carlsbad 2/3 By David Shepardson WASHINGTON (Reuters) – The head of the U.S. Postal Service (USPS) on Friday said the agency faces a “dire” financial position even as it posted a slightly narrower third-quarter loss […]

Read More

Danny Trevathan: ‘The world is changing’

Danny Trevathan celebrates a fumble recovery against the Ravens. | Photo by Patrick McDermott/Getty Images Trevathan was asked directly about Mike Ditka knocking athletes who kneel. He made his point without saying the former coach’s name. Last month, former Bears coach Mike Ditka knocked players — including Colin Kaepernick — who decided to kneel for […]

Read More

More businesses will tap Fed loan program if economy worsens, Rosengren says

© Reuters. FILE PHOTO: The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren speaks in New York By Jonnelle Marte (Reuters) – A key Federal Reserve official told a congressional watchdog on Friday that participation in a $600 billion loan program meant to carry small and medium-sized firms through the coronavirus crisis […]

Read More

Insured losses from Beirut blast seen around $3 billion: sources

2/2 © Reuters. FILE PHOTO: A soldier stands at the devastated site of the explosion at the port of Beirut 2/2 By Noor Zainab Hussain and Carolyn Cohn LONDON (Reuters) – Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an explosion at the Chinese […]

Read More

Fed’s Rosengren says 509 financial institutions have registered with Main Street Lending Program

© Reuters. FILE PHOTO: File Photo: The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren speaks in New York NEW YORK (Reuters) – Since registration opened in mid-June, 509 financial institutions have signed up with the Main Street Lending Program, Boston Federal Reserve Bank president Eric Rosengren said on Friday. Over $530 […]

Read More

UK says progress made on Brexit; EU trade deal can be done

2/2 © Reuters. FILE PHOTO: British PM May meets German Chancellor Merkel to discuss Brexit in Berlin 2/2 LONDON (Reuters) – Britain’s top minister overseeing Brexit talks said on Friday that progress had been made with the European Union so he believed the two sides would clinch a free trade agreement. The United Kingdom left […]

Read More

UK’s Sunak says optimistic much of COVID loans to firms will be repaid

© Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak arrives at the Foreign and Commonwealth Office LONDON (Reuters) – British finance minister Rishi Sunak said on Friday that he was optimistic a lot of the emergency government-backed loans given to companies during the pandemic will be repaid. “I remain optimistic that if we […]

Read More

Around 1.5 million Australian private sector workers to receive wage subsidy in virus-hit state

© Reuters. FILE PHOTO: An essential worker wearing a face mask walks past a ‘Heroes Wear Masks’ sign in Melbourne, the first city in Australia to enforce mask-wearing to curb a resurgence of COVID-19 By Colin Packham SYDNEY (Reuters) – Nearly half the workers at private firms in Australia’s Victoria state, around 1.5 million people, […]

Read More

Australia’s central bank cuts GDP outlook as virus returns to Melbourne

2/2 © Reuters. FILE PHOTO: Bourke Street mall is seen devoid of people after Melbourne re-entered lockdown to curb a resurgence of COVID-19 2/2 By Swati Pandey SYDNEY (Reuters) – Australia’s central bank downgraded its outlook for the national economy on Friday and warned unemployment would stay high for several years as a second wave […]

Read More

Tyler Chatwood roughed up in K.C. as Royals rout Cubs 13-2

Photo by Ed Zurga/Getty Images Chatwood allowed eight runs and 11 hits in 2 1/3 innings. It was the first time this season a Cubs starter didn’t make it to the fourth inning. Like much of the Cubs’ rotation, right-hander Tyler Chatwood hadn’t gone through much adversity in 2020. He had looked sharp in his […]

Read More

How will Kanye West affect the presidential race? Will he really hurt Joe Biden?

In this Dec. 13, 2016 photo, President-elect Donald Trump, left, and Kanye West pose for a picture in the lobby of Trump Tower in New York. | Seth Wenig/AP West’s unlikely White House bid is getting help qualifying for presidential ballots in key states from Republicans around the country, fueling suspicions he’s being pushed to […]

Read More

Bears must beware of false positives in early part of QB duel

Nick Foles and Mitch Trubisky are competing for the Bears’ starting job. | Photo by James Gilbert/Getty Images The Bears can’t hold a padded practice until Aug. 17. Until then, Bears coaches are forced to judge the preliminary round of their quarterback derby on more subtle gestures. John DeFilippo has the grading system drawn up. […]

Read More

‘The Photo Does Not Look Good’: Georgia School’s Crowded Halls Go Viral

The widely circulated photo from North Paulding High School in Dallas, Ga., showed students crowded into a packed hallway on their first day back to classes since the coronavirus outbreak shuttered school buildings across the country in the spring. Few were wearing masks, and there was little sign of social distancing. Then on Day 2, […]

Read More

Michael Phelps, Apolo Anton Ohno open up about suicide, depression in new HBO documentary

In this combination photo, clockwise from upper left, Olympic skier Jeremy Bloom, Olympic skier Jeret Peterson, Olympic swimmer Michael Phelps and Olympic speed skater Apolo Ohno. Many of the athletes are sharing their pain for the first time in HBO’s “The Weight of Gold,” which aims to expose the problem, incite change among Olympics leadership […]

Read More

Fed’s Kaplan says small businesses need more aid

© Reuters. FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks during an interview in his office at the bank’s headquarters in Dallas (Reuters) – The Federal Reserve’s emergency lending facilities have been largely effective at stabilizing markets without needing a large financial investment, but small and medium-sized businesses need more assistance, Dallas Federal […]

Read More

McConnell insists liability protection needed against coronavirus lawsuits: CNBC interview

© Reuters. FILE PHOTO: Members of congress participate in the weekly Senate policy luncheon on Captiol Hill in Washington WASHINGTON (Reuters) – Top Senate Republican Mitch McConnell said on Thursday lawmakers negotiating the next U.S. coronavirus relief bill are still at odds about how much aid is appropriate and insisted liability protections for companies were […]

Read More

China central bank says it will make policy more flexible and targeted

© Reuters. FILE PHOTO: Headquarters of the PBOC, the central bank, is pictured in Beijing BEIJING (Reuters) – China’s central bank said on Thursday it would make its prudent monetary policy more flexible and targeted, and keep liquidity appropriately ample to support economic recovery. The People’s Bank of China (PBOC) said it would maintain a […]

Read More

Job cuts announced by U.S. companies jump 54% in July: report

© Reuters. FILE PHOTO: People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort WASHINGTON (Reuters) – U.S. employers announced another 262,649 job cuts in July as the COVID-19 pandemic continued to weigh on demand, the latest indication that the labor market recovery is losing steam. The […]

Read More

Many more likely sought jobless aid amid resurgence of virus

FILE – In this Feb. 5, 2019, file photo, Alaska Airlines planes are parked at a gate area at Seattle-Tacoma International Airport in Seattle. Alaska Airlines said over 300 employees among the company’s workforce in Anchorage may lose their jobs on Oct. 1, 2020. The company said the Anchorage layoffs are part of company-wide job […]

Read More

Negative rates in the toolbox, no plans to use them for now-BoE’s Bailey

© Reuters. FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photograph on the first day of his new role at the Central Bank in London LONDON (Reuters) – Bank of England Governor Andrew Bailey said negative rates were part of the central bank’s stimulus options but they were not about to be […]

Read More