LONDON (Reuters) – Rich countries could be back to close to normal by late 2021 if a COVID-19 vaccine works, is ready soon and distributed properly at scale, Microsoft founder Bill Gates said on Tuesday.FILE PHOTO: Bill Gates, co-chair of the Bill & Melinda Gates Foundation; attends a panel discussion on Building Human Capital during […]
The UK scheme to pay wages of workers on leave because of coronavirus will be extended to October, Chancellor Rishi Sunak has said. Mr Sunak confirmed that employees will continue to receive 80% of their monthly wages up to £2,500. But he said the government will ask companies to “start sharing” the cost of the […]
WASHINGTON — For decades, Robert E. Lighthizer, the United States trade representative, was reliably one of Washington’s toughest critics when it came to China and its trade practices. But since brokering a trade deal with Beijing in January, he has become one of China’s biggest defenders within the administration, emerging as an obstacle to lawmakers […]
If you’re like many retired investors, you’ve been waiting for the dawn of higher interest rates to boost your retirement income. Unfortunately, the Federal Reserve recently put the final nail in the coffin on those hopes. It’s likely interest rates will be “zero bound” for at least the next three to four years, and probably […]
As the hospitality industry grapples with a severe downturn, owners are turning hotels into offices, schools, emergency housing, wedding halls or homeless shelters. By C. J. Hughes Like many hotels pummeled by the pandemic, the InterContinental Times Square is trying to hang on. After tourists stopped arriving this spring, the 607-room property transformed into housing […]
SINGAPORE (Reuters) – Asia’s stock markets edged higher on Tuesday, cautiously adding to gains made with an improvement in both U.S. President Donald Trump’s health and prospects for a U.S. stimulus package, while bonds and the dollar nursed losses.Men wearing protective face masks chat in front of a screen displaying Nikkei share average and world […]
The New Yorker Union and the magazine’s owner Condé Nast reached an agreement over a “just cause” clause in the union’s contract following 35 hours of negotiation. Unionized staffers at The New Yorker have been negotiating for more than a year for a “just cause” measure to be added into their contracts, which means standards […]
President Trump meets with New Jersey Gov. Phil Murphy in the Oval Office of the White House on April 30. New Jersey Gov. Phil Murphy (D) blasted President Trump and his staff on Monday, saying they "acted recklessly" by attending last week's fundraiser event in Bedminster after learning they had been exposed to the coronavirus. […]
The countdown to the end of the furlough financial lifeline has begun, with employers facing increased costs amid a warning that millions of jobs now hang in the balance. From Thursday, the government’s contribution to furloughed workers’ wages falls. It is also the deadline for some firms to issue redundancy notices before the furlough scheme […]
FILE PHOTO: A skier looks at a “plastic free zone” sign at the cable car entrance of Pejo 3000, the first ski resort in Italy to ban single-use plastic, in Peio, Trentino, Italy, January 30, 2020. REUTERS/Yara Nardi(Reuters) – Danimer Scientific has agreed to go public by merging with blank-check acquisition company Live Oak Acquisition […]