Gas prices topped $5 a gallon nationwide as of Saturday, according to the latest price data from AAA, and the sharp rise in recent months is not showing signs of slowing. The national average for a gallon of regular gas is now $5, which is nearly two dollars higher per […]
pain
Wildfires intensify economic pain in the West
(AP) — The fires consuming the forests of California and Oregon and darkening the skies over San Francisco and Portland are also damaging a regional economy already singed by the coronavirus outbreak. Wildfires are destroying property, running up huge losses for property insurers and putting a strain on economic activity […]
Reserve Bank Announcement: Deep Economic Pain, TOP Advocates For A ‘debt Reset’ As QE Stimulus
Tuesday, 25 August 2020, 10:14 amPress Release: The Opportunities Party The Opportunities Party (TOP) is calling on the Reserve Bank to divert its Quantitative Easing programme into wiping out personal and household debt through the introduction of a universal basic income (UBI), following the shocking Reserve Bank figures released this […]
PREVIEW-Chinese banks to post first H1 profit drop in over a decade amid pandemic pain
By Cheng Leng, Zhang Yan and Sumeet Chatterjee BEIJING/HONG KONG, Aug 24 (Reuters) – Some of China’s largest banks are set to post their first drop in first-half profits since the global financial crisis, hit by a surge in bad debt and higher loan-loss provisions due to the coronavirus pandemic, […]
Crunch time for China’s robot startups as pandemic brings pain and opportunities
By David Kirton SHENZHEN, China (Reuters) – With glowing blue eyes and trusting feline features, a new robot cat by Chinese startup Elephant Robotics seems happily oblivious to the worries of CEO Joey Song as he shows it off at the company’s lab in Shenzhen. Elephant Robotics’ main business is […]