BEIJING (AP) — Asian stocks were meandering Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and signs of the outbreak's global economic cost increased.
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Wednesday related to the global economy, the work place and the spread of the virus.
CHICAGO (AP) — A California company falsely claimed cargo planes were ready to ship millions of blood tests that could detect the new coronavirus in just two minutes and had won emergency authorization from the federal government.
CLEVELAND (AP) — A federal judge in Cleveland has dismissed an effort by pharmacy companies to shift their liability for the opioid crisis to physicians and practitioners in the two Ohio counties suing them, alleging they created a public nuisance.
As millions of job cuts tear through the U.S. economy, a faint glimmer of light has emerged: Some employers are trying to maintain ties to the staffers they're letting go so they can more quickly rehire them once the viral outbreak has passed.
STOCKHOLM (AP) — Filip Palmgren had wanted to work on planes since he was a child. Now, after just two years as a flight attendant, the 21-year old has lost his job because of the coronavirus crisis and will be soon heading to work in a hospital instead to help save patients.
It's the first of the month, and everybody knows the rent's due. For millions of Americans, Wednesday is the first time the landlord is knocking on the door since the coronavirus outbreak turned the economy upside down.
WASHINGTON (AP) — Spending on U.S. construction projects fell 1.3% in February with housing and nonresidential construction both showing weakness even before the coronavirus struck with force in the United States.
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Tuesday related to the global economy, the work place and the spread of the virus.
WASHINGTON (AP) — The Trump administration's rollback of mileage standards Tuesday marks a win for Americans who like their SUVs and pickup trucks, but the government's own estimates show big costs, too — more Americans dying from air pollution, more climate-damaging tailpipe exhaust and more expense for drivers at the gas pumps.
NEW YORK (AP) — Amazon fired a worker who organized a walkout at a New York warehouse to demand greater protection against the new coronavirus, saying the employee himself flouted distancing rules and put others at risk.
The IRS and the Treasury Department say Americans will start receiving their economic impact checks in the next three weeks. The payments are part of the $2.2 trillion rescue package signed into law last week by President Donald Trump aimed at combating the economic ravages of the coronavirus outbreak.