• Many of the contract and temp candidates who had agreed to work at Google before the pandemic took hold in the United States were let go without any severance or financial compensation. Link
    NYT Business 1m

    OAKLAND, Calif. — Google, facing an advertising slump caused by the pandemic, has rescinded offers to several thousand people who had agreed to work at the company as temporary and contract workers.

  • Russia reports 181 new coronavirus deaths, down from Friday's record high Link https://t.co/7FfBAnXDS2
    Reuters 1m

    MOSCOW (Reuters) - Russia on Saturday reported 181 deaths from the coronavirus in the last 24 hours, down from the record 232 deaths registered the previous day and pushing the nationwide death toll to 4,555.

    Officials said 8,952 new infections had been confirmed, bringing the national tally to 396,575, the third highest reported total in the world after the United States and Brazil.

  • Covid-19 has led our work lives and home lives to messily collide. And we’re seeing high levels of pressure to work harder and longer — or we’re suddenly without a job. How are these shifts affecting our anxieties? And what can we do to cope? Link
    Harvard Business Review 6m

    The world today is full of anxiety and uncertainty. As Covid-19 sickens millions and economies grind to a halt, our work, families, and communities have irreparably changed. Many of us are unsure when we’ll see our colleagues or clients again. We’re across the country or even the globe from our loved ones. Our work lives and home lives are messily colliding. We’re seeing high levels of pressure to work harder and longer — or we’re suddenly without a job. On top of it all, the health of our communities is at risk, with little relief in sight.

    To better understand how we’re collectively handling this moment, we reached out to HBR readers in mid-April to learn about the particular ways in which Covid-19 is affecting their anxiety. Specifically, we asked five questions, which were answered by more than 300 people from over 60 countries. More than half of the respondents care for others at home, whether it’s children or an elderly relative. Nearly 30% are or were...

  • U.K. mothers are more likely to have lost their job, be on reduced hours and be caring for children than their male partners, risking lasting damage to their careers when lockdowns are lifted Link
    Bloomberg 6m
  • Restaurants are reopening, but it's a new world of smaller menus, takeaway food and a focus on local produce. Link
    Bloomberg 11m
  • Singapore investments have exceeded the full-year target in four months Link
    Bloomberg 11m
  • A top golf venue on the Spanish Mediterranean coast is about to discover how much aficionados will dish out to get there safely Link
    Bloomberg 11m
  • As SpaceX sends Americans into orbit, investors can take this ETF to a new frontier Link
    MarketWatch 16m
  • Britain to launch big stimulus package before summer - FT Link https://t.co/njUjVj8rNb
    Reuters 16m

    LONDON (Reuters) - Britain’s government is planning to launch a big stimulus package before the summer with a focus on creating jobs and infrastructure projects to help drag the economy out of the coronavirus crisis, the Financial Times reported.

    Finance minister Rishi Sunak declined on Friday to say whether he would bring forward his next budget statement, due in the autumn, to spell out how he will tackle Britain’s surging debt.

    But Prime Minister Boris Johnson’s government was elected in December after promising to upgrade the country’s creaking infrastructure and the FT said this would form a central part of its recovery programme, along with the retraining of workers.

    “We are trying to identify shovel-ready projects — we want to get a move on with this,” it quoted one minister as saying.

    Sunak said on Friday that employers hammered by the coronavirus...

  • Atlantia eyes sale of stake in Autostrade Link
    Financial Times 16m
  • Yes, companies are still hiring. Here’s how to get them to hire you Link
    Businessweek 16m
  • As Minneapolis burns over the police killing of George Floyd and shock and disappointment in Africa grow, some U.S. embassies on the continent have taken the unusual step of issuing critical statements, via @AP Bloomberg 16m
  • #Gold prices have continued to push higher as expectations have built for global Central Banks to remain very loose and passive with monetary policy for the foreseeable future. Get your $XAUUSD technical analysis from @JStanleyFX here: Link https://t.co/VAYy9FGHcQ
    DailyFX 16m
    Gold prices are up by more than 50% from the August, 2018 low. Gold prices have continued to push higher as expectations have built for global Central Banks to remain very loose and passive with monetary policy for the foreseeable future. Gold prices have moved well into overbought territory on the monthly chart, to levels not seen since Gold prices topped-out in August of 2011.
  • Should read Bank OF England! Link
    Andrew Sentance 21m

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

  • Americans have stopped thinking the economy is getting worse Link
    Businessweek 21m
  • Work on flight data of crashed Pakistani airliner to start June 2 in France Link https://t.co/Vt0vDrQrPZ
    Reuters 21m

    KARACHI (Reuters) - Work on the flight data and cockpit voice recorders of a crashed Pakistani airliner will begin in France on June 2, investigators said on Saturday.

    “The mission on site (of the crash) is about to be completed,” BEA, the French air safety investigation authority for civil aviation, said on Twitter. It added that Pakistani investigators would fly to France along with the French team.

    Pakistan International Airlines flight PK8303, an Airbus A320, went down in the southern Pakistani city of Karachi last week, killing 97 of the 99 people on board. Under international aviation rules, BEA investigators joined the Pakistan-led inquiry because the 15-year-old jet was designed in France.

  • Derek Scissors China analyst at American Enterprise Institute, suggested Trump’s Friday announcement wasn’t as dramatic as the president intimated This binds the president to nothing with regards to China With regards to a Hong Kong policy, it is a non-event. Nothing happened
    FxMacro 21m
  • RT @Jim_Edwards: Hello! Here's my daily look at coronavirus stats globally. Today: ?Return to Worry: Deaths were in decline globally but…
    Business Insider UK 21m
  • Spain further eases coronavirus restrictions in four small islands Link https://t.co/ADZjZG0XdT
    Reuters 26m

    MADRID (Reuters) - Four small Spanish islands will be able to open the outside terraces of bars and restaurants to 75% of their capacity from Monday, the government said, a further easing of coronavirus lockdown rules for parts of the country least affected by the disease.

    Tables on terraces must still be kept 1.5 meters (5 feet) apart, according to regulations published by the government’s Official Bulletin on Saturday and affecting La Graciosa, El Hierro and La Gomera in the Canary Islands, and Formentera in the Balearics.

    Spain, one of the countries in Europe worst hit by the disease, has been lifting restrictions in a phased fashion, with some regions deemed safer than others to move back to normal.

    In the four islands entering phase 3, groups of up to 20 people can meet and shopping centers will be allowed to re-open at 40% of capacity. Hotels and other leisure...

  • Renault plans to cut 8 percent of its workforce, cut production by one-fifth, and pull out of China. Link
    NYT Business 26m

    FRANKFURT — About eight million people around the world earn their living making cars and trucks. It’s becoming clearer that not all of them will come out of the pandemic with jobs.

  • The big debate among economists is whether a rebound from coronavirus lockdowns will resemble a V, a W, an L or a Nike Swoosh. Increasingly, economists and analysts are penciling in another glyph: a question mark. Link
    DealBook 26m

    WASHINGTON — There is widespread agreement that the United States economy will soon begin to recover from coronavirus lockdowns. The big debate is whether that rebound will resemble a V, a W, an L or a Nike Swoosh.

  • ICYMI: Russian miniature artist Anatoly Konenko is making masks for creepy critters to draw attention to the fact that insects need to be saved, and we don't have to forget about them https://t.co/tLqANNcXyA
    Reuters 26m
  • GitHub, the open source software sharing platform used by 40m developers around the world, may well provide more practicable solutions to many of our challenges than the UN, says John Thornhill Link
    Financial Times 26m
  • For #PacificIsland countries, the #COVID19 pandemic may inflict deeper economic wounds than even the worst natural disaster. Find out more https://t.co/zYc3ucFnX6 #IMFCountryFocus Link #IMFCountryFocus https://t.co/WUgGExJtxx
    IMF 26m

    May 27, 2020

    Already among the most remote countries on earth, Pacific island states saw their vital economic links weakened in recent months with the evaporation of tourism, severe disruptions to international trade, and a reduction in remittances. For these countries, the COVID-19 pandemic may cut deeper than even some of the worst cyclones from years past.

  • In this market, it’s hard to predict what will actually be volatile and what won’t Link
    Businessweek 26m
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