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 — Google, facing an advertising slump caused by the pandemic, has rescinded offers to several thousand people who had agreed to work at the company as temporary and contract workers.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