Economic Indicators3 hours ago (May 05, 2020 03:10PM ET) (C) Reuters. U.S. Senate Majority Leader McConnell arrives at the U.S. Capitol amid ongoing coronavirus concerns in Washington WASHINGTON (Reuters) – U.S. Senate Majority Leader Mitch McConnell on Tuesday said that legislation to protect businesses from litigation related to the coronavirus […]
Italy expects at least 100 billion euros from EU recovery fund
Economic Indicators5 hours ago (May 05, 2020 01:05PM ET) (C) Reuters. FILE PHOTO: Italy’s Minister of Finance Roberto Gualtieri attends a summit in Naples By Giuseppe Fonte ROME (Reuters) – Economy Minister Roberto Gualtieri said on Tuesday he was confident the new European Recovery Fund will make available at least […]
U.S. trade deficit widens, services sector contracts amid coronavirus
(C) Reuters. Sea gulls sit on a lamppost beside shipping containers stacked at the Paul W. Conley Container Terminal in Boston By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit increased by the most in more than a year in March as a record drop in exports offset a […]
Canada to spend C$252 million to help farmers and food processors: PM Trudeau
Economic Indicators6 hours ago (May 05, 2020 11:45AM ET) (C) Reuters. Canada’s Prime Minister Justin Trudeau pauses during a news conference on Parliament Hill in Ottawa OTTAWA (Reuters) – Canada will invest C$252 million ($179.5 million) to help some of the country’s farm and food processing sectors during the coronavirus […]
White House adviser expects U.S. unemployment rate for April to be ‘north of 16%’
Economic Indicators7 hours ago (May 05, 2020 11:10AM ET) (C) Reuters. Kevin Hassett, chairman of the Council of Economic Advisers, speaks at the White House in Washington WASHINGTON (Reuters) – White House economic adviser Kevin Hassett on Tuesday said he expects the U.S. unemployment rate was above 16% in April, […]
Lloyds lends over 1 bln pounds on day one of new UK small business scheme
Economic Indicators7 hours ago (May 05, 2020 10:45AM ET) LONDON (Reuters) – Lloyds Banking Group (L:LLOY) said it lent more than 1 billion pounds ($1.24 billion) to small businesses on Monday, when a new 100% state-guaranteed loan scheme opened to help the smallest firms weather the economic impact of the […]
Demand, Jobs in U.S. Service Industries Collapsed in April
Forex8 hours ago (May 05, 2020 10:36AM ET) (C) Reuters. Demand, Jobs in U.S. Service Industries Collapsed in April (Bloomberg) — Demand and employment in U.S. service industries collapsed in April, adding to signs of an historic economic contraction this quarter caused by the coronavirus pandemic. Measures of business activity, […]
The Neuroscience of Why You Could Really Use a Hug Right Now
Alice,* a 31-year-old director from London, has been breaking the coronavirus lockdown rules. “I almost don’t want to tell you this,” she says, lowering her voice. Her violation? Once a week, Alice, who lives alone, walks to the end of her garden to meet her best friend Lucy.* There, with […]
U.S. services sector activity falls to new record lows: IHS Markit
Economic Indicators8 hours ago (May 05, 2020 09:55AM ET) (C) Reuters. WASHINGTON (Reuters) – U.S. business activity plumbed new record lows in April as the novel coronavirus severely disrupted production at industries, a survey confirmed on Tuesday. Data firm IHS Markit said last weekarb its flash U.S. Composite Output Index, […]
This Pandemic Is Lonely. But Don’t Call Loneliness an ‘Epidemic’
WIRED: You argue that prior to 1800, the Western world had this different conception of loneliness–more as solitude, and a positive emotion. Read all of our coronavirus coverage here. Alberti: There’s a definite shift in industrial societies, and what I did as a historian was to trace language. When people […]