Markets
European Union court says it ‘alone’ has jurisdiction over ECB
The European Central Bank pushed back on a German court's attempt to curb its powers on Thursday, saying it was accountable only to EU institutions and its determination to provide stimulus was stronger than ever. EU-watchers feared the judgment could be a boost for nations like Hungary and Poland, whose reforms to the political and judicial systems have drawn allegations they are undermining demo... [Full Article...]
Paycheck Protection Program Funds For Nonprofits and Small Businesses Available
PPP loans have a maturity of 2 years and an interest rate of 1%. Many small businesses in this state are falling through the cracks because they don't fit into the cookie-cutter application process. Approved lenders can be found using the SBA Lender Locator. The American Bankers Association has also called for "clear, bright-line guidance" on how Paycheck Protection loans will be forgiven. [Full Article...]
FDA Approves First COVID-19 Antigen Test for Emergency Use
Quidel offers several other Sofia assays for sale, which are FDA cleared and CLIA waived, including tests for Influenza A and B, Respiratory Syncytial Virus (RSV), Group A Strep, and a 12-minute finger-stick whole blood test for Lyme Disease . [Full Article...]
At least two operators officially cancel summer cruises in Alaska
It also announced that its ship Amsterdam will not operate a planned 79-day cruise from Boston, Massachusetts on October 3. "While this is very disappointing and we never want to let our guests down, as soon as it makes sense we will be back cruising again, giving our guests the memorable travel experiences they continue to dream about". [Full Article...]
Wizz Air Plans Low-Cost Flights from London to Greece from July
While a mass return to worldwide air traffic is, so to speak, up in the air as lockdowns aimed at preventing the spread of the COVID-19 Coronavirus begin easing around the world, the budget carrier Wizz Air said it will fly from London's Luton Airport to Greece this summer. [Full Article...]
U.S. House Democrats to attempt passing next coronavirus bill soon
And while she said she was hoping that the Democratic-led House would be in session next week - a hint that that is when votes on her coronavirus bill could be cast - she also said of the legislation, "I have to get agreement among my caucus" on the bill's many provisions. [Full Article...]
United States unemployment rate surges to 14.7 per cent, worst since Great Depression
Leisure and hospitality was the first sector hit and the one bearing the brunt of the impact of the lockdowns , shedding 7.7 million jobs, while manufacturing eliminated 1.3 million positions. "The Great Depression lasted three-and-a-half years, and it will be a miracle if the economy gets anywhere near back to normal within the next couple of years". [Full Article...]
Is Trump safe? Coronavirus infection spreads to White House
President Donald Trump , who publicly identified Ms Miller, said he was "not worried" about the virus spreading in the White House . The two aides - Trump's valet and Pence's spokeswoman, Katie Miller - both were "in the West Wing quite a bit", and have forced senior staff reluctant to wear masks in the workplace to reconsider, one senior administration official told McClatchy. [Full Article...]