Trump Administration Discloses $521.5 Billion in Virus Aid

The Trump administration released details of almost 4.9 million loans to businesses – from sole proprietors to restaurant and hotel chains – under the federal government’s largest coronavirus relief program so far, the $669 billion Paycheck Protection Program. The data, including the names of the program’s biggest borrowers, were posted […]

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Singapore Pledges to Stay Connected as Trade Barriers Rise

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. Singapore pledged its commitment to globalization despite the coronavirus pandemic inspiring a rise in protectionist trade policies worldwide. “For many countries, Covid-19 has accelerated […]

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Uber’s Job Cuts, Office Closures Reflect Narrower Ambitions

Uber Technologies Inc. was once a poster child for Silicon Valley’s unchecked ambition. As recently as this year, the company was promising to usher in a self-driving revolution and popularize flying cars. But on Monday, Uber said it was slashing 3,000 jobs, sidelining extraneous projects and shuttering dozens of offices […]

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How the Pandemic Jobs Bust Hurts Some More Than Others

In this article Subscribe to Stephanomics on Apple PodcastsSubscribe to Stephanomics on Pocket CastsSubscribe to Stephanomics on Spotify Just a few months ago, the economic debate about employment centered on how low the jobless rate could go. Now, with tens of millions out of work across the globe, it’s about how bad it can get. On this week’s […]

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