Pence in Self-Quarantine; U.K. Plans Slow Opening: Virus Update

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. U.S. Vice President Mike Pence is self-isolating after an aide tested positive for the coronavirus late last week. The U.K. outlined plans to ease a lockdown and get people who can’t work at home […]

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Indian Travel Agents Squeezed as Customers Demand Cash Refunds

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Customers demanding cash refunds for flights axed because of the coronavirus are putting the squeeze on India’s travel agents, who are only receiving virtual money from airlines solely to be used for future bookings. […]

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New York Reports Lowest New Virus Deaths Since End of March

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. New York reported the lowest number of new deaths from Covid-19 — 207 — since the end of March. Other indicators also began to show the virus outbreak nearing where it was at the […]

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Asian Shares Mostly Lower In Thin Holiday Trading

Asian stocks ended mostly lower on Monday amid rising tensions between the United States and China over the origin of the coronavirus. After U.S. President Donald Trump threatened to impose new tariffs on Beijing in retaliation for the coronavirus outbreak, U.S. Secretary of State Mike Pompeo said on Sunday there was “a significant amount of evidence” that the new coronavirus […]

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Mad Dash for Small-Business Loans Slows Down to Glacial Pace

The pace of processing loans from a popular coronavirus relief program for U.S. small businesses has slowed abruptly, allaying initial concerns that a second round of funding would be exhausted in a matter of days. The initial $349 billion for the Paycheck Protection Program ran out in 13 days, finishing at a clip of more than $30 billion per weekday. […]

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Rust Belt Reopens With Workers and Customers on Sidelines

A rebound in manufacturing is more complicated than just reopening a state, as a company in Schuylkill Haven, Pennsylvania, is painfully learning. Cardinal Systems Inc., the second-largest pool maker in the U.S., is in the midst of its peak sales season — boosted by demand from Americans now staying home instead of traveling this summer. After an initial two-week closure […]

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Lyft To Require Drivers, Passengers To Wear Face Masks

American ridesharing company Lyft, Inc. is set to roll-out a new health safety program that will ensure that riders and drivers are protected amid the ongoing coronavirus (COVID-19) outbreak. The new health and safety standards for ridesharing will require personal health certification for drivers and riders, face masks for drivers and riders as well as new health safety education for […]

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Quibi & Eko Remotely Brawl Over Turnstyle Technology & “Severe” Harm In Court Hearing For Preliminary Injunction

Jeffrey Katzenberg’s Quibi went very close to the mattresses today in federal court in its ongoing rumpus with the now Elliott Management-backed interactive-video company over motion flipping technology. “This is a case built on circumstantial evidence,” Quibi’s top outside counsel Michael Jacob proclaimed in a telephone hearing Thursday addressing the JBF Interlude 2009 Ltd controlled company’s motion for a preliminary […]

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How China Is Losing Europe

If 2019 was the year when Europeans began having serious doubts about Beijing’s geopolitical intentions, 2020 may go down in history as the moment they turned against China in defiance. That’s not because they blame the Chinese for originating Covid-19, as U.S. President Donald Trump and his secretary of state seem obsessed with doing. It’s because China, by trying to […]

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