SAN FRANCISCO (Reuters) – As the United States prepares for presidential, congressional and local elections in November, the country’s economy is also on a roller coaster. FILE PHOTO: Information signs are seen at the Destiny USA shopping center during the reopening, as restrictions on coronavirus disease (COVID-19) are eased in …
Read More »Pandemic pushes Singapore into recession as GDP plummets 41% in Q2
SINGAPORE (Reuters) – Singapore’s trade-dependent economy fell into recession in the second quarter with a record contraction, signaling a global first semester globally and an equally challenging outlook as the coronavirus crisis comes at a high cost in business and demand. Gross Domestic Product (GDP) fell a record 41.2% in …
Read More »The United States Senate will begin debate on the new coronavirus bill next week: McConnell
WASHINGTON (Reuters) – The United States Senate will begin debating next week on a fifth coronavirus response bill, Senate Majority Leader Mitch McConnell said Monday, predicting difficult negotiations with Democrats that they seek broader help than Republicans. FILE PHOTO: US Senate Majority Leader Mitch McConnell (R-KY) speaks to a journalist …
Read More »Free pizza and a 75-foot musk statue: the battle for the next Tesla plant
(Reuters) – Tulsa, Oklahoma, is an oil industry city with a 75-foot (23m) statue called “The Golden Driller.” FILE PHOTO: Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla’s Model Y show, made in China, in Shanghai, China on January 7, 2020. REUTERS / Aly Song / …
Read More »Delta May Avoid Licenses After Purchase Demand, Other US Airlines Sound The Alarm
CHICAGO / WASHINGTON (Reuters) – Delta Air Lines can avoid involuntary leave in the fall after receiving interest from more than 15,000 employees for advance purchase packages, a person with knowledge of the matter said, even as other U.S. airlines are hearing alarm at jobs. FILE PHOTO: Delta Air Lines …
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