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A California employment panel rejected a funding request from Elon Musk's SpaceX after its billionaire founder defied a San Francisco Bay area health order and threatened to move Tesla Inc.'s headquarters out of the state.
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Dismissing calls for blanket debt relief for African nations, 25 private creditors with more than $9 trillion in assets under management have banded together to influence debt restructuring efforts throughout the continent for countries whose finances have been sorely pressured by the coronavirus pandemic.
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Germany's economy contracted in the first quarter at its sharpest rate since 2009 with worse expected by mid-year, as coronavirus lockdowns ravage business activity. But Europe's largest economy is weathering the fallout from the pandemic better than other EU states where outbreaks have been more disruptive.
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The depth and breadth of the damage inflicted on the United States economy by coronavirus lockdown measures came into sharp, painful focus on Friday with government figures showing a record 20.5 million Americans lost their jobs in April.
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Electric car firm Tesla has been ordered to keep its main plant in the US closed, as California grapples with a coronavirus outbreak.
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A new report published by the Institute for Policy Studies IPS showed that the wealth of American billionaires, such as: Amazon founder (Jeff Bezos), and Tesla's president (Elon Musk), rose by almost 10% during the emerging coronary virus (Covid-19) pandemic (COVID-19).
More Articles …
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- US agencies don't want China Telecom to operate in the US
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