UK Shopper Numbers Rise After Launch of State-Funded Dining Scheme

LONDON—Shopper numbers, or footfall, across all British retail destinations rose 3.8 percent last week from the previous week, with the start of a state-funded eating out scheme helping evening traffic more than lunchtimes, industry data showed on Monday. Britain’s retail and hospitality sectors, already struggling with high rents and business taxes, were hit particularly hard […]

Trump Vows to Use Executive Order to Extend Jobless Benefit

President Donald Trump said he would use executive action to extend the pandemic unemployment benefit, along with other measures, vowing to break the deadlock on Capitol Hill over a clutch of pandemic relief measures. Trump made the remarks during a news conference in Bedminster, New Jersey, on August 7. Calling the enhanced unemployment benefit one of […]

US Postal Chief Warns of ‘Dire’ Finances But Insists USPS Can Handle Election Mail

The chief of the U.S. Postal Service (USPS) said at a Board of Governors meeting Friday that the agency faces a “dire” financial position and unless major changes are made to both operations and strategy, the organization will find itself in the throes of a full-blown financial crisis. Still, postmaster general and CEO Louis DeJoy […]

Mike Lee’s S386 Bill Creates ‘Green Card Lite’ For Waves Of New Migrants

Mike Lee’s S386 Bill Creates ‘Green Card Lite’ For Waves Of New Migrants.
The post Mike Lee’s S386 Bill Creates ‘Green Card Lite’ For Waves Of New Migrants appeared first on CD Media.

Trump Orders Ban on Transactions With TikTok, WeChat Parent Companies

President Donald Trump on Thursday issued executive orders to ban transactions with popular video sharing app TikTok and social media app WeChat in 45 days. The executive orders also ban transactions with the two social media applications’ parent companies, Chinese-owned ByteDance and Tencent Holdings. The executive order for TikTok said that “any transaction by any person, or with […]

Foreign Staff at EU Firms in Shanghai Still Unable to Return, Business Group Says

SHANGHAI—Over half of European companies in China’s financial hub of Shanghai still have foreign staff who are unable to return after coronavirus border restrictions were imposed in March, a survey indicated on Thursday. The European Union Chamber of Commerce said the survey, conducted in July, had received answers from 143 companies, or about a quarter […]

1.2 Million Americans File Jobless Claims as Businesses Keep Slashing Jobs Amid Pandemic

The number of American workers filing initial unemployment claims has come in at over 1 million for the 20th straight week, suggesting that despite green shoots in the economy, the dynamics of recovery continue to be clouded by uncertainty. The Labor Department said in a release (pdf) Thursday that nearly 1.2 million laid-off Americans applied […]

Canada’s Military Hits 2 Milestones but Procurement and Funding Concerns Linger

What remains sobering is the reality and gravity of Canada’s ponderous defence procurement—delivery of the first new jet is not expected until 2025—and doubts about military funding amid growing threats from China and Russia.

American Businesses Cut Back on Hiring in July: ADP Jobs Report

Businesses in the United States cut back sharply on hiring in July, suggesting the COVID-19 resurge was dampening enthusiasm among the nation’s private employers to onboard staff amid doubts about the sustainability of the economic rebound. Private-sector employment surged by 4.3 million in June and 3.3 million in May, fueling hopes for a robust recovery, […]

BP Halves Dividend After Record Loss, Speeds up Reinvention

LONDON—BP cut its dividend for the first time in a decade after a record $6.7 billion second-quarter loss, when the coronavirus crisis hammered fuel demand, and it sought to win over investors by speeding up its reinvention as a lower carbon company. Its shares rose more than 7 percent on Tuesday after BP unveiled earlier […]