Business News
                                                                    

Aug 08, 2020 09:49PM

Algeria economy rocked by one-two punch

Currency depreciation, inflation, negative growth, businesses closed: Algeria's economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues. The National Office of Statistics (ONS) has reported a 3.9 percent fall in Gross Domestic Product (GDP) in the first quarter alone, with unemployment nearing 15 percent -- "alarming" figures, according to Mansour Kedidir, associate professor at the Higher School of Economics in Oran. With confinement measures in place since March 19 to curb the spread of the novel coronavirus, sectors such as services and freight have come to a virtual standstill.

Aug 08, 2020 09:48PM

'An administrative nightmare': Trump's executive order is a scramble for unemployment aid

It?s unclear if Trump has the authority to extend unemployment benefits by executive order while side-stepping Congress.

Aug 08, 2020 09:25PM

'Not marijuana': US hemp farmers battle tough market and thieves

When she planted hemp to make extra money for her family farm, Susan Corbett did not imagine thieves would find their way to her rural plot in Virginia to steal the plants. Two security cameras now watch over a portion of Corbett's crop, which looks and smells like marijuana but contains very little tetrahydrocannabinol (THC), which is what gets users high. Also warning would-be pilferers is a sign whose bold black letters read: "This is not marijuana."

Aug 08, 2020 09:02PM

Trump order allows some unemployment pay, defers payroll tax

President Donald Trump has bypassed the nation's lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount after negotiations with Congress on a new coronavirus rescue package collapsed. Trump's orders on Saturday encroached on Congress' control of federal spending and seemed likely to be met with legal challenges. Trump moved to continue paying a supplemental federal unemployment benefit for millions of Americans out of work during the outbreak.

Aug 08, 2020 09:01PM

The Latest: Australia state can't trace source of many cases

The premier of Australia?s Victoria state says more than 2,700 active cases have no known source and remain the primary concern of health authorities. Victoria on Sunday saw a welcome drop in its new COVID-19 cases with 394 but a record 17 deaths, including two people in their 50s. Victoria Premier Daniel Andrews said confirmed cases also include almost 1,000 health care workers.

Aug 08, 2020 06:16PM

Trump attempts to wrest tax and spending powers from Congress with new executive actions - The Washington Post

1. Trump attempts to wrest tax and spending powers from Congress with new executive actions  The Washington Post
2. Trump signs executive actions after stimulus talks break down on Capitol Hill  CNN
3. Trump orders $400-per-week unemployment payments amid COVID crisis, hits Dems for stonewalling  Fox News
4. The economy is not Trump's strong suit | TheHill  The Hill
5. Republicans have to let Donald Trump lose if they want victory | TheHill  The Hill
6. View Full Coverage on Google News

Aug 08, 2020 01:13PM

Police Fire Tear Gas As Thousands Express Outrage Over Beirut Explosion - NPR

1. Police Fire Tear Gas As Thousands Express Outrage Over Beirut Explosion  NPR
2. Beirut explosion: CCTV captures moment blast struck hospital  Guardian News
3. Lebanon protesters storm ministries as violent protests grip Beirut  CNN
4. What does France owe Lebanon, and can it deliver?  The Washington Post
5. View Full Coverage on Google News

Aug 08, 2020 12:43PM

Washington Post: Mnuchin and Navarro feuded over TikTok in front of Trump before he signed executive order - CNN

1. Washington Post: Mnuchin and Navarro feuded over TikTok in front of Trump before he signed executive order  CNN
2. TikTok To Sue Trump Administration On President's Executive Order Ban  NPR
3. Trump's ban of Chinese apps has lots of precedent in other countries, and Apple and Google comply  CNBC
4. Trump's TikTok, WeChat Ban Is Big Tech?s Problem, Too  Bloomberg
5. Trump's TikTok order heats up China trade war. Can he still salvage a key relationship?  NBC News
6. View Full Coverage on Google News

Aug 08, 2020 02:34PM

Maxine Waters: Biden ?can?t go home without a Black woman being VP? - Fox News

1. Maxine Waters: Biden ?can?t go home without a Black woman being VP?  Fox News
2. Biden edges closer to VP pick: Here's who's up and who's down | TheHill  The Hill
3. Biden quips to Fox News he decided on VP, campaign says it's a joke  Fox News
4. Rich Lowry: Joe Biden's authoritarian VP finalist - The Salt Lake Tribune  Salt Lake Tribune
5. Biden closing in on final decision on vice presidential running mate  NBC News
6. View Full Coverage on Google News

Aug 08, 2020 04:09PM

L.A. County coronavirus hospitalizations continue to decline - Los Angeles Times

1. L.A. County coronavirus hospitalizations continue to decline  Los Angeles Times
2. Los Angeles Coronavirus Update: County Sees More Than 2,600 New Cases, Small Dip In Hospitalization Count  Deadline
3. L.A. County nears 5,000 COVID-19 deaths  Los Angeles Times
4. L.A. County nears 5,000 COVID-19 deaths, representing half of the state?s total  KTLA
5. View Full Coverage on Google News

Aug 08, 2020 04:01PM

Coronavirus: Redundancies rise fivefold as pandemic hits jobs

A Freedom of Information request shows a rapid rise in firms in June saying they were cutting staff.

Aug 08, 2020 07:40PM

Beirut explosion: World leaders to hold aid summit

French President Emmanuel Macron has organised Sunday's online talks to generate aid for Lebanon.

Aug 08, 2020 04:26PM

Coronavirus: How fishing trade transformed to survive lockdown

The coronavirus pandemic is forcing the fishing industry to diversify to stay in business.

Aug 08, 2020 04:03PM

Tate boss defends plan to cut 200 jobs in art gallery shops and cafes

"Sadly at the moment the trading business is too big," Maria Balshaw told Desert Island Discs.

Aug 07, 2020 03:21PM

Eat out to help out: 'We've had 15,000 bookings'

Restaurants are cautiously optimistic after the first week of the government's discount scheme.