Saturday, 4 Jul 2020

US domestic waste rises due to coronavirus restrictions

Joe Biden Says He Hopes To Name Running Mate By Aug. 1

Joe Biden told supporters at a virtual fundraiser on Wednesday night that he hopes to name his running mate by August 1.

The presumptive Democratic candidate for president said his campaign had interviewed the candidates on his shortlist — all of them women — and was in the process of “deciding the basic cut,” CNN reported.

“I think that I need somebody who in fact is simpatico with me, both in terms of personality as well as substance. That means that they don’t have to agree with me on everything, but they have to have the same basic approach to how we handle the economy and how we handle everything,” Biden said during the fundraiser, according to The Washington Post.

He added that he wants “to have people around me that have strengths and capacities I don’t.”

Biden is reportedly considering several different women for the role, including former presidential hopefuls Sens. Elizabeth Warren of Massachusetts, Kamala Harris of California, and Amy Klobuchar of Minnesota.

Former Georgia state representative Stacey Abrams, Michigan Gov. Gretchen Whitmer and New Mexico Gov. Michelle Lujan Grisham are believed to also be on the shortlist.

Stock Alert: Triumph Jumps 36%

Shares of Triumph Group, Inc. (TGI) are climbing more than 36% Thursday after the aerospace manufacturer announced better-than-expected fourth-quarter results today.

Adjusted earnings for the fourth quarter of $0.69 per share beat the average estimate of analysts polled by Thomson Reuters at $0.64.

Sales for the quarter decreased to $693.11 million from $869.03 million last year, beating the consensus estimate at $660.1 million.

Wednesday, the stock gained more than 18% after the company reached a deal to sell its G650/G700 wing business to its customer Gulfstream, a unit of General Dynamics (GD). The company also said it secured purchase orders from Boeing to maintain economical production levels and provide support to its lower-tier supply chain. Triumph and Boeing also resolved open claims and deferred a majority of its advance repayments out of fiscal year 2021.

TGI is currently trading at $11.15 and has traded in the range of $3.02- $29.38 in the last one year.

Coronavirus: Russian medics fall from windows as cases rise

As Russia tries to contain virus, three medics fall from windows after complaining about their working conditions.

Russia has reported the largest number of new daily cases of the coronavirus in Europe with the total number of infections now exceeding 150,000 and deaths nearing 1,500.

In recent weeks Russian medics have been complaining about their working conditions.

But after three doctors fell out of windows in 10 days, there is concern regarding the safety of medical whistle-blowers who raise issues about the conditions they work in.

Al Jazeera’s Nadim Baba reports.

Most of Singapore's 20,000 coronavirus cases are migrant workers

Migrant workers particularly at risk from contracting coronavirus due to cramped dormitories.

Singapore has nearly 20,000 cases of COVID-19, most of them among migrant workers, who find it hard to practise social distancing in their cramped living quarters.

Activists say the government needs to do more to safeguard their health.


Al Jazeera’s Florence Looi reports.

European Economics Preview: UK Retail Sales, Public Sector Finance Data Due

Retail sales and public sector finance reports from the UK are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics publishes UK retail and government borrowing figures for April. Economists forecast retail sales including auto fuel to decline 16 percent on a monthly basis after easing 5.1 percent in March.

The UK budget deficit is expected to widen to GBP 35 billion in April from GBP 2.33 billion in March.

At 3.00 am ET, Spain’s INE releases industrial order data for March. In the meantime, manufacturing confidence survey results are due from Turkey.

At 4.00 am ET, Poland’s retail sales data for April is due. Sales are forecast to decrease 16.9 percent annually in April following a 7.1 percent drop in March.

At 7.30 am ET, the European Central Bank is set to issue the account of the monetary policy meeting of the governing council held on April 29 and 30.

More Than One in Nine New Jerseyans Without a Job, Governor Says

More than one in nine New Jersey residents, or 1.17 million people, are now without a job, Governor Phil Murphy said Thursday, as the state moves to revive its economy. He said 911,000 people in the state were on unemployment.

Murphy has taken steps toward reopening, approving elective surgeries, college and high school graduation ceremonies starting on July 6, curbside retail order pick-ups, and beach visits.

The governor said the state’s testing capacity is “almost exploding.” One day last week, the state reported in excess of 30,000 tests conducted — a sign, Murphy said, that New Jersey can reach his goal of 20,000 daily tests by month’s end. Broad testing and contact tracing must be in place, he says, before the state can fully reopen.

Over the past 24 hours, 287 hospitalized patients were discharged. But Murphy said 365 new admissions were data his administration was “very much looking at,” because it was an unusual spike. It was too early to say whether that figure represented a reversal of the virus’ slowdown in New Jersey, he said, but he reiterated the need to continue social distancing.

US domestic waste rises due to coronavirus restrictions

Domestic waste is up with more families staying at home as coronavirus pandemic grips US.

Some places in the US are reporting a 40 percent increase in household rubbish collection and recycling because of the coronavirus movement curbs.

This is putting a strain on the sanitation workers, who are missing a third of their teams because of the fallout from the virus.

Al Jazeera’s Alan Fisher reports from Fairfax County in Virginia, the United States.

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