Wednesday , August 12 2020

Lebanese minister resigns as global powers discuss aid

Bloomberg Lebanon’s minister of information resigned a day after deadly protests against the government’s role in last week’s devastating blast in Beirut, and hours before global leaders gathered to discuss aid to the country. Information Minister Manal Abdel Samad submitted her resignation “in response to the public calls for change,” ...

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Trump orders extended jobless benefits, payroll tax deferral

Bloomberg President Donald Trump announced four executive actions on Saturday, including continued expanded unemployment benefits and a temporary payroll tax deferral for some workers, as the coronavirus pandemic continues to hobble the US economy. Trump also ordered continued eviction protection and student-loan relief. The moves could jeopardise negotiations with congressional ...

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UK plans $1.7bn in building projects to lift virus-hit economy

Bloomberg Boris Johnson’s government will invest nearly $1.7 billion in building projects and provide two billion pounds in energy efficiency grants in an effort to create jobs and rally the pandemic-hit UK economy. Housing Secretary Robert Jenrick said 300 “shovel-ready” projects will receive a share of a 900 million pound ...

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Mexico’s tourism website in a daze due to strange translations

Bloomberg The sometimes literal nature of automated translation programs has tripped up plenty of tourists — or in the case of Mexico, its entire tourism board. Operators of the Visitmexico.com website were left red-faced when the English version of the tourism information portal suddenly sprouted a series of comic or ...

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Pandemic puts millions of Europeans on path to a debt crisis

Bloomberg More economic upheaval is on the horizon in Europe as plans to end the unprecedented support for workers during the coronavirus pandemic threaten to tip millions of households into a debt trap. Organisations that help individuals sort out their financial problems are warning of a sharp increase in the ...

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