Markets

International Business: China's economy shrinks for first time in decades

International Business: China's economy shrinks for first time in decades China's GDP has fallen by 6.8 percent year-on-year in the first quarter of 2020 amid the COVID-19 pandemic, the National Bureau of Statistics said on Friday. Mounted asset funding shrank 16.1% in January-March. The pandemic has contaminated greater than 2 million globally and killed greater than 130,000. [Full Article...]

COVID-19 patients respond to Gilead drug

COVID-19 patients respond to Gilead drug Gilead has not been approved by the FDA as a safe and effective treatment for the coronavirus, but it has nevertheless ramped up production in anticipation of getting a thumbs up from the agency. "We've only had two patients perish", Mullane said in comments not meant to be made public. A spokeswoman from the University of Chicago did not respond to a request from CNN for comment. [Full Article...]

TTC operators refuse to work for fear of coronavirus

TTC operators refuse to work for fear of coronavirus An Amalgamated Transit Union official claimed Wednesday that the TTC has a stockpile of at least 200,000 masks. He said the Ontario Ministry of Labour is reviewing what happened to determine if their actions were justified. TTC spokesman Kadeem Griffiths said Wheel-Trans operators, who provide transport to people with disabilities, are the only operators now being given face masks. [Full Article...]

Florida schools to remain closed for the rest of the year

Florida schools to remain closed for the rest of the year Last week, DeSantis announced plans to reopen schools at the beginning of May. He also said most people did not believe there would be an academic advantage to be gained by reopening schools for such a short time. Broward Superintendent Robert Runcie had told families in a video message April 3 to expect to stay online through the end of the school year . "I support Govenor DeSantis decis... [Full Article...]

Jeff Bezos Makes Case for More COVID-19 Testing

Jeff Bezos Makes Case for More COVID-19 Testing The apartment is about 3,000 sqft. The world's wealthiest man, who founded a retail empire that's become a powerful force in American commerce and other industries, already spent $80 million to purchase a three-story penthouse and two apartments below it inside 212 Fifth Avenue, which sits in Manhattan's Flatiron District. [Full Article...]

NM Small Businesses Urged To Apply Quickly For Federal Stimulus Loans

NM Small Businesses Urged To Apply Quickly For Federal Stimulus Loans These same restrictions apply to small businesses applying for the SBA's Economic Injury Disaster Loan Program . And can also get the workers that were before laid off. These rules provide that in determining a concern's size, the SBA counts the employees of both the concern whose size is at issue and all of its domestic and foreign affiliates , regardless of whether the affiliates are organiz... [Full Article...]

China suffers historic contraction as virus paralyses economy

China suffers historic contraction as virus paralyses economy China's economy marked its first quarterly contraction on record in the first three months of 2020, shrinking 6.8 percent from a year earlier, official data showed Friday, underscoring the damage done by the coronavirus pandemic to the nation dubbed the "world's factory". [Full Article...]

For when lockdown really starts to bite: the Lego Technic Panigale V4R

For when lockdown really starts to bite: the Lego Technic Panigale V4R The LEGO Technic Ducati Panigale V4 R measures 32 cm in length, 16 cm in height and 8 cm in width and is the first motorcycle model in LEGO Technic history to include a gearbox to simulate different speeds and riding techniques. Suspension on the Technic Panigale V4R is also articulated but obviously lacks the ability to replicate the sophisticated suspension adjustment - this is a toy, afte... [Full Article...]


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