The latest Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into UK and global markets.

Canadian Actress And Activist Shirley Douglas Dies at Age 86

Toronto (AP) — Shirley Douglas, the impassioned Canadian activist and veteran actress who was mother to actor Kiefer Sutherland and daughter of Canada medicare founder Tommy Douglas, died Sunday. She was 86. Sutherland announced his mother’s death on Twitter, saying she succumbed to complications surrounding pneumonia. He said it was not related COVID-19. “My mother was an extraordinary woman who […]

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Panicked shoppers. Empty shelves. Meet the workers keeping you stocked

New York (CNN Business)Aside from health care workers, no one is more exposed to coronavirus than the workers continuing to show up to grocery stores and warehouses to ensure people have access to essential goods. So when the US government recommended Friday that people wear masks in public, company efforts to get masks to their employees became even more crucial. […]

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Israel Exploring Public-Private Fund to Aid Virus-Hit Businesses

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Israeli government officials are exploring the option of pooling public and private money to help companies hurt by the coronavirus pandemic. The fund would be worth about 6 billion shekels ($1.6 billion), with roughly […]

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New York Has Most Deaths in a Day, Italy Has Fewer: Virus Update

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. New York State recorded its most deaths in a single day while Italy, the nation with most fatalities, had the fewest since March 26. Spain plans to extend its lockdown. U.S. deaths rose to […]

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How the coronavirus job cuts played out by sector and demographics

(Reuters) – The job losses suffered in March as the U.S. economy shut down in the face of the novel coronavirus pandemic were widespread but still were disproportionately felt in a handful of employment sectors and by women, the young and the less educated. In all, 701,000 jobs were reported lost last month, the Labor Department said on Friday, but […]

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Hog Futures Have Worst Week Ever on Stubbornly Large U.S. Herd

Hog and pork prices have plunged since the release of data showing the biggest-ever U.S. pig herd and as the coronavirus outbreak keeps schools and restaurants closed. Chicago lean hog futures slumped 25% this week, the biggest such loss ever. The drop surpassed the worst losses from 1998, when the U.S. hog industry also was dealing with a glut. ​American […]

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Chinese Officials Urge Citizens to Refrain From Hoarding Grains

In this article Government officials in China, the world’s biggest consumer and producer of rice, called on citizens not to hoard the grain after a recent ban on new export sales by Vietnam sparked concerns over global supplies. The country holds sufficient rice and wheat stockpiles for one year of consumption, while imports of the cereals are only about 2% […]

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Long-Struggling Local Newspapers Pushed to Brink by Coronavirus

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. The late Elmo Smith and his wife borrowed $25 in 1933 to start a mimeographed weekly newspaper along Oregon’s Snake River, near the Idaho border. The business grew into a chain of publications — […]

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Trump hosts Big Oil execs at White House to discuss market slump

WASHINGTON (Reuters) – U.S. President Donald Trump met with oil company executives at the White House on Friday afternoon to discuss a historic oil-price slump threatening their businesses, brought on by the coronavirus outbreak and a Saudi-Russia price war. “We’ll work this out and we’ll get our energy business back,” he told reporters while surrounded by cabinet members, oil state […]

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