May 11 Saudi Arabia triples taxes, cuts $26 billion in costs amid pandemic By Aya Batrawy, Associated Press Saudi Arabia has tripled taxes on basic goods, raising them to 15%, and has announced spending cuts of around $26 billion as it grapples with blows from the coronavirus pandemic and low oil prices on its economy. Continue reading
May 11 Here’s who’s being hit hardest by the economic downturn By Candice Norwood The widespread nature of the losses indicates a more significant challenge for the labor market to recover as states begin to reopen businesses. Continue reading
May 11 Shanghai Disneyland reopens with anti-virus controls By Sam McNeil, Associated Press Visitors wearing face masks streamed into Shanghai Disneyland as the theme park reopened in a high-profile step toward reviving tourism that was shut down by the coronavirus pandemic. Continue reading
May 11 WATCH: Parts of New York state ready to start reopening, Cuomo says By Jim Mustian, Associated Press Several regions of upstate New York that have shown progress in taming the coronavirus outbreak are ready to gradually restart economic activity by the end of the week, Gov. Andrew Cuomo said Monday. Continue reading
May 11 WATCH: As countries restart, WHO warns about lack of virus tracing By Associated Press The World Health Organisation warned Monday there's a risk of coronavirus spreading further as countries start to relax their restrictions. Continue reading
May 11 Restart or re-stop? Countries reopen amid second-wave fears By Associated Press Countries around the world faced the delicate balance of trying to restart their battered economies without causing a second wave of coronavirus infections. Continue reading
May 10 Trump advisers cite need to stop ‘permanent’ economic toll By Kevin Freking, Associated Press Some of President Donald Trump’s top economic advisers emphasized on Sunday the importance of states getting more businesses and offices open even as the pandemic makes its way to the White House complex, forcing three members of the administration’s coronavirus… Continue reading
May 08 Watch 6:41 The U.S. economic crisis is even worse than it appears. Here’s what government can do A new jobs report details a picture of devastating national unemployment not seen since the Great Depression. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and former assistant secretary of the treasury, joins Judy Woodruff to discuss why… Continue watching
May 08 Watch 7:11 Coronavirus hasn’t hurt these areas of the U.S. — but its economic impact has By Stephanie Sy, Lena I. Jackson, Casey Kuhn While COVID-19 has devastated parts of the U.S., including hot spots like New York, New Jersey and Louisiana, many counties in Western states have few cases and no deaths. Some officials and residents in those areas feel that pandemic restrictions… Continue watching
May 08 5 tips for finding work during the COVID-19 pandemic By Nancy Collamer, Next Avenue Job hunting is never easy, but it's also never looked quite like this. Continue reading