Business

Emirates flying to entire network can take up to four years

Jim Stein June 1, 2020

DUBAI (Business) – Emirates’ outgoing President Tim Clark on Monday said it could take the state carrier up to four years to resume flying to its entire network that has been decimated by the coronavirus pandemic. The Dubai-based airline, which flew to 157 destinations in 83

World

Scientists in search of pandemic hotspots to test COVID-19 vaccines

Jim Stein June 1, 2020

LONDON/CHICAGO (World) – The first wave of the COVID-19 pandemic may be waning. For vaccine developers, that could be a problem. Scientists in Europe and the United States say the relative success of draconian lockdown and social distancing policies in some areas and countries means virus transmission rates may be at such low levels that […]

Sport

La Liga clubs free to start full training from Monday

Jim Stein May 30, 2020

MADRID (Sports) – Clubs in Spain’s top two soccer divisions can hold full training sessions from Monday for the first time since returning to activity after action was halted in March due to the coronavirus pandemic, organisers La Liga have said. “Clubs will begin collective training on June 1 after the government’s latest health order […]

Europe

Spain approves minimum income for 2.3 million poorest people

Jim Stein May 30, 2020

MADRID (Europe) – Spain’s left-wing coalition government approved on Friday the creation of a minimum income worth 462 euros ($514) a month for its poorest people, whose financial fragility has been exacerbated by the coronavirus pandemic. The scheme targets some 2.3 million people, Deputy Prime Minister Pablo Iglesias told a news conference. People aged 23

World

Canada’s opioid OD on the rise amid COVID-19 pandemic

Nia N May 30, 2020

TORONTO (World) – Opioid-related deaths in Canada have been on the rise since the beginning of the coronavirus pandemic, according to the country’s chief public health officer, Theresa Tam. British Columbia has been reported by Tam as the epicentre of the country’s overdose crisis. Over 100 deaths have been reported from illicit drugs in March […]

Entertainment

Chris Rock, Rosie Perez’ surprisde appearance at New York Gov Cuomo’s news conference

Jim Stein May 29, 2020

(Entertainment) – Comedian Chris Rock and actress Rosie Perez made a surprise appearance at New York Governor Andrew Cuomo’s daily news conference to underscore his message that the public should wear masks to help curb the coronavirus pandemic. The celebrities, both of whom grew up in the New York City borough of Brooklyn, said they […]

Business

LATAM is the largest airline bankrupt due to coronavirus

Jim Stein May 27, 2020

(Business) – LATAM Airlines Group, the continent’s largest carrier, filed for U.S. bankruptcy protection on Tuesday, becoming the world’s largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic. The filing highlights the financial weakness of Latin America’s carriers, following a similar bankruptcy earlier this

Finance

Economic prospects globally darken, rebound delayed

Jim Stein May 27, 2020

BENGALURU (Finance) – Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters. With many countries starting to ease lockdown restrictions imposed to stop […]

Finance

Banks’ bad loans in China high because of virus, credit risks grow

Jim Stein May 26, 2020

BEIJING (Finance) – China’s banking and insurance regulator said on Tuesday that bad loans at banks now stand at a high level due to the impact of the coronavirus pandemic. “Asset quality at smaller banks will also be under pressure this year, and credit risks in some institutions will continue to accumulate,” according to a […]

World

Australia’s Scott Morrison calls for economic overhaul for post-coronavirus recovery

Jim Stein May 26, 2020

SYDNEY (World) – Australian Prime Minister Scott Morrison on Tuesday called for an ideological truce between employers and workers to revive the country’s A$2 trillion (1.08 trillion pounds) economy, which has been badly damaged by the coronavirus pandemic. Australia’s more than 7,100 COVID-19 infections and 102 deaths are low compared to many other