Tag: coronavirus

Exodus of US firms from Hong Kong to avoid sanctions imposed in wake of security law would hit office market already hurt by unrest, coronavirus

A potential exodus of American companies from Hong Kong to avoid sanctions from US legislation that seeks to punish those who undermine the city’s freedom is likely to put pressure on landlords to reduce rents of prime office space, analysts said.

The fallout could be as much as a 30 per cent cut in rents, given that American companies are now the single largest occupier of prime office space in the city, according to one estimate. If the scenario plays out, it will further damage an office market that has been battered by a year of social unrest, and the

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Some homeowners struggled to pay PACE improvement loans. The coronavirus made it harder

It wasn’t until the work was done that Marcelino and Josefina Rodriguez said they learned the truth.

They had been signed up for a roughly $45,000 PACE home improvement loan at nearly 10% interest — even though they said a woman working with the contractor told them their new roof and water heater would be free through a government program.

The Rodriguezes contacted the authorities, but the nearly $4,500 annual bill came due anyway — a financial hit for the household of four who scraped by on less than $30,000 each year as garment workers paid by the piece.

If

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Coronavirus crisis will reveal which startups are ‘houses of cards’: Fast Company Editor-in-Chief

Layoffs at high-profile tech giants like Uber (UBER) and Lyft (LYFT) grabbed headlines in recent weeks, though the novel coronavirus has also decimated the next generation of aspiring unicorns, forcing some to close permanently.

Some promising ventures may succumb to unfortunate circumstances, but the economic crisis also reveals which early-stage companies can draw on the effective leadership and sustainable business model necessary to weather a downturn, says Stephanie Mehta, the editor-in-chief of business publication Fast Company.

“We’re going to see the companies that actually have real business plans and real models that will be able to sustain them on the

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Previous coronavirus daily briefing updates, June 7-9

Current daily briefings on the coronavirus can be found here. Scroll below to read previous reports from May 23 to May 25, listed in eastern time.

Yosemite National Park will be reopening on Thursday, June 11, but visitors will need to do some planning before arriving at the park. “To increase park access while providing the public a reasonable opportunity to comply with health guidelines, Yosemite National Park will implement a temporary day-use reservation system,” The National Park Service (NPS) said. Before the pandemic, visitors were able to drive up to the park and purchase vehicle

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Latest on the worldwide spread of the coronavirus

(Reuters) – While warmer weather typically ends the annual flu season in temperate zones, climate alone has not stopped the COVID-19 pandemic from sweeping any part of the globe. In fact, outbreaks in hot and sunny Brazil and Egypt are growing.

DEATHS AND INFECTIONS

* Nearly 7.40 million people have been reported infected with the novel coronavirus globally and 416,154 have died, a Reuters tally showed as of 0736 GMT on Thursday.

* For an interactive graphic tracking the global spread, open https://tmsnrt.rs/3aIRuz7 in an external browser.

* For a U.S.-focused tracker with state-by-state and county map, open https://tmsnrt.rs/2w7hX9T in

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