New global coronavirus cases shake Asian stocks

New cases of the novel coronavirus have rocked asset prices in Japan, South Korea and Italy, as those nations and others have ratcheted up emergency efforts to contain the outbreak. What’s happening: Asian stock markets continued to tank overnight, as South Korea’s Kospi dropped nearly 4%, Australia’s ASX fell by 2.3% and Hong Kong’s Hang […]

Berlin freezes rent on over a million homes to prevent exodus from capital

Debate rages whether the freeze will be worse or better for long-term economic cost Source: https://www.independent.co.uk/news/world/europe/berlin-rent-freeze-apartments-germany-house-prices-a9353321.html Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By: Kirsten Grieshaber

Trump will fall short of key economic growth target that will help decide election, experts say

The only way in which the 3 per cent target might be reached is if Congress enacts major legislation, which is unlikely Source: https://www.independent.co.uk/news/world/americas/us-politics/trump-economic-growth-us-economy-election-2020-a9348406.html Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By: Oliver O’Connell

Russia to export beef to Brazil for first time

Major Russian meat producer Miratorg has announced that the first delivery of 13 tons of beef will soon be supplied to Brazil. The company says the product will be distributed among the country’s hotel chains and restaurants. “The company’s strategy is aimed at increasing exports of high value-added products that are competitive in price and […]

Laura Ashley owner in crisis talks with lender as retailer faces possible collapse

Homeware retailer says it needs cash to meet ‘immediate funding requirements’ Source: https://www.independent.co.uk/news/business/news/laura-ashley-crisis-talks-collapse-wells-fargo-mui-asia-lender-a9339856.html Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By: Ben Chapman

A cure for income inequality?

NEWARK, N.J. — Local leaders across the United States are turning to private donors to fund an out-of-the-box policy experiment they think could go mainstream: Giving cash to residents, no strings attached. Newark, Milwaukee and Stockton, Calif., are among the cities testing versions of what’s known as universal basic income, a program under which residents […]

14% of Americans struggle to pay medical bills

The number of people struggling to pay medical bills has fallen by 5.5 percentage points since 2011, but more than 14% of Americans still had problems in 2018, according to a new report by the Centers for Disease Control and Prevention. Why it matters: “Families with problems paying medical bills may experience serious financial consequences, […]

IMF director steps down, paving way for Trump appointee

David Lipton’s resignation could allow US president to increase influence over financial watchdog Source: https://www.independent.co.uk/news/business/news/imf-director-trump-appointee-david-lipton-resigns-replacement-who-a9324316.html Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By: Phil Thornton

U.S. employers add a strong 225K jobs; unemployment up to 3.6%

Hiring jumped at the beginning of the year as U.S. employers added 225,000 jobs, bolstering an economy that faces threats from China’s viral outbreak, an ongoing trade war and struggles at Boeing. The Labor Department also said Friday that a half-million people streamed into the job market in January, though not all of them found […]

State of the Union fact check: How true are Trump's boasts on the economy?

Once again the president trumpeted his supposed economic accomplishments – but his claims are not all they seem Source: https://www.independent.co.uk/news/world/americas/us-politics/state-of-the-union-fact-check-trump-economy-a9320251.html Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By: Hamish McRae, John T Bennett