‘Little Flu’ Can’t Hurt Him: Why Bolsonaro Still Shuns Lockdowns

In this article Throughout the coronavirus crisis that’s killed 35,000 people worldwide, Jair Bolsonaro has kept up face-to-face meetings and pushed everyday Brazilians to get back to work. It’s no political calculation. In his gut, the president believes the bigger threat to Brazil is the economic fallout rather than the virus itself, according to two officials with knowledge of his […]

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Trump Says Oil Prices May Be Too Low and He’s Calling Putin

President Donald Trump said he’s concerned oil prices have fallen too far and that he would call Vladimir Putin on Monday to discuss Russia’s oil-price war with Saudi Arabia and the global response to the coronavirus pandemic. The U.S. president said he does not want to see the energy sector “wiped out” after Russia and Saudi Arabia “both went crazy” […]

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'Most Hurtful President': As Coronavirus Deaths Skyrocket, Trump Brags of Bachelor-Like TV Ratings

Many on social media are deeming President Donald Trump‘s tweet about his spike in television ratings as “hurtful” as the United States battles the coronavirus pandemic. Speaking about his daily coronavirus briefings, Trump quoted a New York Times article about recent viewership statistics that compared his ratings to the popularity of The Bachelor and Monday Night Football. “‘President Trump is a […]

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Myer better off with fewer stores: Geoff Wilson

One of the largest shareholders in struggling department store Myer has said it would "make sense" for the retailer to use the coronavirus shutdown as an opportunity to permanently shutter or shrink more stores across the country. Veteran stockpicker and head of Wilson Asset Management, Geoff Wilson, told The Age and The Sydney Morning Herald Myer would be better off […]

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Speedcast identifies the hurdles as it staves off collapse

Debt-laden satellite broadcaster Speedcast has identified the daunting hurdles in front of it as the company attempts to stave off collapse after revealing on Monday it made an unaudited loss of $US459.8 million ($748 million) last year including $US413.8 million worth of write-downs. The company, which had $US669 million worth of debt as of December 31, reported that total liabilities […]

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Pandemic could slay zombie companies that staggered through GFC

Government and central banks around the world are throwing everything they can conceive of at the economic fallout from the coronavirus. Will that be a lifeline for zombie companies or will the pandemic sound their death knell? Back in 2017, the Organisation for Economic Co-operation and Development created a stir when it published a paper entitled The Walking Dead? Zombie […]

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