Apple doubles China donations for COVID-19 recovery efforts

SHANGHAI (Reuters) – Apple more than doubled its donation to China’s efforts to fight COVID-19 to over 50 million yuan ($7 million), CEO Tim Cook posted on Weibo on Wednesday, weeks after the iPhone maker said it had opened all its 42 stores in one of its largest markets. FILE PHOTO: The Apple Inc. logo […]

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Asia’s factory activity plunges as coronavirus shock deepens

TOKYO (Reuters) – Factory activity contracted sharply across most of Asia in March as the coronavirus pandemic paralyzed economic activity across the globe, with sharp falls in export power-houses Japan and South Korea overshadowing a modest improvement in China. FILE PHOTO: A worker welds at a market under construction in Kunming, Yunnan province, August 12, […]

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Stocks under pressure after biggest quarterly drop since 2008

NEW YORK (Reuters) – Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002. FILE PHOTO: A pedestrian wearing a face mask […]

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UK banks scrap dividends on coronavirus fears, pressure on bonuses

LONDON (Reuters) – Britain’s top banks said on Tuesday they would suspend dividend payments after pressure from the regulator, saving their capital as a buffer against expected losses from the economic fallout from the coronavirus. FILE PHOTO: People queue at Barclays Bank in St Albans, as the spread of the coronavirus disease (COVID-19) continues, in […]

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State Leaders Urge Gov. DeSantis to Suspend Rent Evictions in Florida

KISSIMMEE, Fla. — State Leaders held a virtual town hall asking for Gov. Ron DeSantis to suspend rent evictions in Florida amid the coronavirus crisis. As the first of the month approaches, worry has overcome Shontia Washington in Kissimmee. She was a waitress at Waffle House, working six days a week. Her employer gave her […]

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Exclusive: U.S. plans to lease space to energy companies to store oil in emergency reserve

FILE PHOTO: An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo NEW YORK/WASHINGTON (Reuters) – The U.S. Department of Energy plans to announce as soon as Wednesday it will allow […]

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Florida Working to Fix Issues With Unemployment Website

ORLANDO, Fla. – The state agency in charge of processing unemployment applications says it is working overtime to address a series of problems plaguing the system. Many people have reached out to Spectrum News, describing a series of issues with simply applying. “I’ve applied at least five times and it kept bringing me back to […]

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U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan

NEW YORK (Reuters) – U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to equity markets battered by the coronavirus pandemic. FILE PHOTO: A man wears a protective mask as he walks on […]

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Trump signs off on deferring tariffs for most-favored nations for three months

U.S. President Donald Trump unboxes a coronavirus testing kit during the daily coronavirus response briefing in the Rose Garden at the White House in Washington, U.S., March 30, 2020. REUTERS/Tom Brenner WASHINGTON (Reuters) – President Donald Trump has signed off on a plan to defer U.S. tariffs for most-favored nations for three months, according to […]

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Senators urge U.S. airlines to issue ticket refunds after bailout

WASHINGTON (Reuters) – Nine Democratic U.S. senators on Tuesday urged the chief executives of 11 major airlines to issue full cash refunds to customers canceling flights during the coronavirus pandemic after Congress approved a massive rescue package for the hard-hit industry. FILE PHOTO: Delta Air Lines passenger planes are seen parked due to flight reductions […]

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