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Replacing workers has many costs

Replacing workers has many costs

The labor market is changing rapidly with the onset of the coronavirus pandemic. Many organizations are laying off almost all of their workers, while others are considering which workers to lay off, which to furlough…

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Traders play ‘hot potato’ with U.S. oil contract as it crashes 50% By Reuters

Traders play ‘hot potato’ with U.S. oil contract as it crashes 50% By Reuters

© Reuters. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport By David Gaffen (Reuters) – Energy…

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Coronavirus pandemic could hit the billions migrant workers send home in cash

Coronavirus pandemic could hit the billions migrant workers send home in cash

As the coronavirus pandemic hits jobs and wages in many sectors of the global economy that depend on migrants, a slowdown in the amount of money these workers send back home to their families looks…

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Giant leap for corporations? The Trump administration wants to mine resources in space, but is it legal?

Giant leap for corporations? The Trump administration wants to mine resources in space, but is it legal?

As the world tries to cope with the challenges of 2020, discussions around the use of mined resources from outer space continue to ratchet up. On April 6, the US White House released an executive…

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U.S. oil falls more than 10% to lows not seen since 1999 By Reuters

U.S. oil falls more than 10% to lows not seen since 1999 By Reuters

© Reuters. An oil pump jack pumps oil in a field near Calgary By Florence Tan SINGAPORE (Reuters) – Crude oil futures fell on Monday, with U.S. futures touching levels not seen since 1999, extending…

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How to avoid a coronavirus debt crisis? Issue a new type of government bonds linked to GDP

How to avoid a coronavirus debt crisis? Issue a new type of government bonds linked to GDP

The range of forecasts about how the coronavirus will affect the world economy is so wide that you question their usefulness. For example, the IMF predicts that the UK will contract 7.5% in 2020, while…

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Energy & Precious Metals – Weekly Review and Calendar Ahead By Investing.com

Energy & Precious Metals – Weekly Review and Calendar Ahead By Investing.com

© Reuters. By Barani Krishnan Investing.com – It must be quite humbling for the world’s oil titans to come out a week after the largest production cut in history to say they’ll do more. But…

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Africa joins the race to trace COVID-19 with genomics

Africa joins the race to trace COVID-19 with genomics

One important aspect of managing emerging infections is identifying chains of transmission and assigned cases to clusters of infection. A case in point is South African trade union leader Zwelinzima Vavi, who spent a few…

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Mauritius heads into coronavirus storm with strong social welfare buffers

Mauritius heads into coronavirus storm with strong social welfare buffers

The global economic costs of the COVID-19 pandemic will be massive, with the International Monetary Fund forecasting the worst global recession since the 1929 Great Depression. In Africa, the epidemic is gaining momentum. The continent…

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Argentina says Brazil agrees to raise level of grains thoroughfare Parana River By Reuters

Argentina says Brazil agrees to raise level of grains thoroughfare Parana River By Reuters

By Cassandra Garrison and Luciano Costa BUENOS AIRES/SAO PAULO (Reuters) – Brazil has agreed to release water at the giant Itaipu hydroelectric dam to raise low water levels in the Parana River, a key thoroughfare…

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