IMF: Global economy will suffer worst year since Depression
WASHINGTON (AP) — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.The IMF said Tuesday that it expects the global economy...
Stocks end higher as traders hope restrictions will ease
Technology companies led stocks higher on Wall Street Tuesday as investors focused on how and when authorities may begin to ease business shutdowns and limits on people’s movements imposed to slow the spread of the coronavirus. Big companies also started reporting...
China’s exports fall in March as pandemic hits world markets
BEIJING (AP) — China’s exports fell in March but at slower pace than the 17% contraction seen in January-February as the coronavirus shutdown paralyzed much business activity. Exports sank 6.6% from a year earlier to $185.1 billion, an improvement over the 17.2%...
Workers sue McDonald’s over harassment at Florida stores
Two McDonald’s workers in Florida are filing a $500 million class action lawsuit against the company, claiming a “systemic sexual harassment problem” at company-owned stores.The lawsuit was filed Monday in federal court in Illinois, where McDonald’s is based. In the...