#coronavirusimpact 2/5

U.S. HAS ENOUGH MEAT, BUT WORKERS PROCESSING THEM ARE AT HOME

The Financial District

May 19, 20201 min read

U.S. HAS ENOUGH MEAT, BUT WORKERS PROCESSING THEM ARE AT HOME

The U.S. has more meat to feed its population but not enough workers in processing plants to cut them up and process them for consumers, all

JAPAN’S ECONOMY SINKS 3.4% AS EXPORTS SPUTTER

The Financial District

May 19, 20201 min read

JAPAN’S ECONOMY SINKS 3.4% AS EXPORTS SPUTTER

Japan’s economy has gone underwater for the first time in 4-1/2 years in the first quarter of 2020, with Japan possibly experiencing its wor

U.S. MULLS SWEETENERS FOR FIRMS PULLING OUT OF CHINA

The Financial District

May 19, 20201 min read

U.S. MULLS SWEETENERS FOR FIRMS PULLING OUT OF CHINA

White House is mulling cash rewards and tax breaks for U.S. companies that will move out of China just like what Japan did to encourage its

NATIONS WITH HUGE DEBT NEARING THE CLIFF, EXPERTS WARN

The Financial District

May 19, 20201 min read

NATIONS WITH HUGE DEBT NEARING THE CLIFF, EXPERTS WARN

Three countries saddled with huge debt have already defaulted this year and more may join the financial disaster.

SOFTBANK VISION FUND SUFFERS $18 BILLION OPERATING LOSS

The Financial District

May 19, 20201 min read

SOFTBANK VISION FUND SUFFERS $18 BILLION OPERATING LOSS

Japan’s SoftBank Group Corp. has registered a mournful $18 billion loss at its giant Vision Fund, pushing Masayoshi Son’s conglomerate to a

FDA STOPS BILL GATES’S FREE COVID-19 TESTING

The Financial District

May 19, 20201 min read

FDA STOPS BILL GATES’S FREE COVID-19 TESTING

The U.S. Food and Drug Administration (FDA) has stopped the COVID-19 testing program in Seattle backed by Microsoft founder Bill Gates, sayi

TOP EXPERT WARNS OF ANOTHER COVID-19 WAVE IN CHINA

The Financial District

May 19, 20201 min read

TOP EXPERT WARNS OF ANOTHER COVID-19 WAVE IN CHINA

Dr. Zhong Nanshan, the Chinese government's senior medical adviser and the public face of the country's fight against COVID-19, has warned t

TOP EU DIPLOMAT ADMITS COVID-19 PUTS POLITICS, BUSINESS IN DISARRAY

The Financial District

May 19, 20201 min read

TOP EU DIPLOMAT ADMITS COVID-19 PUTS POLITICS, BUSINESS IN DISARRAY

Josep Borrell, who is the top diplomat of the European Union (EU), has admitted that the COVID-19 pandemic has worsened the already ''disord

CHINA’S SECRET COVID-19 CURE CAME FROM CUBA

The Financial District

May 19, 20201 min read

CHINA’S SECRET COVID-19 CURE CAME FROM CUBA

There was nothing spectacular about the rapid decline in the number of COVID-19 infections in China since it was able to mass produce a drug

The Financial District

May 19, 20201 min read

FED BUYS $305-M CORPORATE DEBT ETFs

The Federal Reserve's latest corporate-credit facility took in $305 million worth of exchange-traded funds (ETFs) on the first day of its op

GERMANY’S PLUNGING INTO RECESSION DRAGS OTHER EU COUNTRIES

The Financial District

May 19, 20201 min read

GERMANY’S PLUNGING INTO RECESSION DRAGS OTHER EU COUNTRIES

The German economy, the biggest in the European Union (EU) contracted by 2.2% in the first quarter of this year, the biggest contraction sin

U.S. STOCK MARKET RALLY 'ELUSIVE,’ PLAYERS WARN

The Financial District

May 18, 20201 min read

U.S. STOCK MARKET RALLY 'ELUSIVE,’ PLAYERS WARN

There is no reason why the stock market should be clinking champagne glasses over the market’s rally from lugubrious March 2020 lows, with f

LGU LOCAL TREASURERS URGED TO MONITOR BAYANIHAN GRANTS

The Financial District

May 18, 20202 min read

LGU LOCAL TREASURERS URGED TO MONITOR BAYANIHAN GRANTS

Local treasurers of local government units (LGUs) have been asked to monitor the “Bayanihan” grants the government released to each municipa

FRAUD NETWORK TARGETING US UNEMPLOYMENT SYSTEM BACK

The Financial District

May 18, 20201 min read

FRAUD NETWORK TARGETING US UNEMPLOYMENT SYSTEM BACK

The US Secret Service has warned that an international syndicate specializing in fraud is back in its slimy game, attacking the US unemploym

1 MILLION AGRI WORKERS TO BE HIRED FOR FOOD PRODUCTION INITIATIVES

The Financial District

May 18, 20201 min read

1 MILLION AGRI WORKERS TO BE HIRED FOR FOOD PRODUCTION INITIATIVES

A total of one million workers will be hired to sustain food production, part of a centerpiece program of the Department of Agriculture to

PANDEMIC FORCES FRANCE TO MULL RELOCATION OF PHARMA PRODUCTION

The Financial District

May 17, 20202 min read

PANDEMIC FORCES FRANCE TO MULL RELOCATION OF PHARMA PRODUCTION

France, which had lost 27,000 of its citizens to the COVID-19 pandemic, is now agonizing over the fact that 80% of its pharmaceutical produc

TRUMP CHAMPIONS SUPERSTITION IN TIFF WITH FAUCI

The Financial District

May 16, 20201 min read

TRUMP CHAMPIONS SUPERSTITION IN TIFF WITH FAUCI

President Trump is using superstition and his burning desire to win another four-year lease of the White House as weapons to promote his lat

OBAMA INSISTS BETTER POLICY VS COVID-19 NEEDED

The Financial District

May 16, 20202 min read

OBAMA INSISTS BETTER POLICY VS COVID-19 NEEDED

Former President Barack Obama has asked the Trump administration to shape up and use all the tools in the shed to battle the deadly COVID-19

COVID-19 WILL COMPROMISE THE TRANSITION TO CLEAN ENERGY WITHOUT URGENT STAKEHOLDER ACTION

The Financial District

May 16, 20201 min read

COVID-19 WILL COMPROMISE THE TRANSITION TO CLEAN ENERGY WITHOUT URGENT STAKEHOLDER ACTION

The coronavirus pandemic risks cancelling out recent progress in transitioning to clean energy, with unprecedented falls in demand, price vo

FOX NEWS GETS BEATING AFTER SAVAGING DEMOCRAT STIMULUS PLAN

The Financial District

May 16, 20202 min read

FOX NEWS GETS BEATING AFTER SAVAGING DEMOCRAT STIMULUS PLAN

Fox News has been battered black and blue for criticizing the $3-trillion stimulus bill crafted by Democrats, with commentators arguing the

FBI WARNS US RESEARCHERS VS SINO CYBERATTACKS

The Financial District

May 15, 20201 min read

FBI WARNS US RESEARCHERS VS SINO CYBERATTACKS

The Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Security Agency (CISA) have warned COVID-19 research orga

FED CHIEF CONTRADICTS TRUMP, PAINTS SUSTAINED RECESSION

The Financial District

May 15, 20201 min read

FED CHIEF CONTRADICTS TRUMP, PAINTS SUSTAINED RECESSION

The future is bleak for the US economy, contrary to the declarations of US President Trump that the COVID-19 crisis would be followed by an

ONLY HALF OF U.S. SMALL BUSINESSES GOT PAYCHECK ASSISTANCE

The Financial District

May 15, 20201 min read

ONLY HALF OF U.S. SMALL BUSINESSES GOT PAYCHECK ASSISTANCE

While nearly 75% of small businesses sought cash from a federal loan program designed to keep workers employed during the COVID-19 pandemic,

ITALY OKs €55-B BAILOUT AFTER 2-MONTH LOCKDOWN

The Financial District

May 14, 20201 min read

ITALY OKs €55-B BAILOUT AFTER 2-MONTH LOCKDOWN

As they say, better late than never. Italy finally did what its neighbors and the US, China, Japan and Canada have done- approve a €55 billi

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