Business

Eliot Engel, Carolyn Maloney in danger

U.S. Representative Eliot Engel (D-NY) votes at a school near his home on June 23, 2020 in the Riverdale neighborhood of the Bronx, New York. Spencer Platt | fake pictures On a tough night for New York City area progressives in Tuesday’s primaries, two powerful House Democrats, Representatives Eliot Engel …

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Olympus goes out of the camera business

After a year of rumors, denials, and setbacks, it’s finally official: Olympus is going out of the camera business after an 84-year career as one of the world’s most recognized brands in the industry. In a notice published today on its website, Olympus announced that it has signed a memorandum …

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IMF predicts deeper global recession even as economies reopen

WASHINGTON – The International Monetary Fund warned on Wednesday that the global economy is facing an even deeper recession than previously projected, as the coronavirus pandemic continues to sow uncertainty and companies around the world are struggling to rid themselves of the virus. The forecast underscores the scale of the …

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