Meatpacking workers often absent after Trump order to reopen

Meatpacking workers often absent after Trump order to reopen
CHICAGO/WASHINGTON (Reuters) – Smithfield Foods Inc is missing about a third of its employees at a South Dakota pork plant because they are quarantined or afraid to return to work after a severe coronavirus outbreak, according to the workers’ union. FILE PHOTO: Workers walk out of Smithfield Foods pork plant as the spread of the coronavirus disease (COVID-19) continues,... Read More

What rebound? North Dakota in economic crunch as virus batters oil, agriculture

What rebound? North Dakota in economic crunch as virus batters oil, agriculture
NEW YORK/CHICAGO (Reuters) – When the novel coronavirus first appeared in the United States, North Dakota was in the envious position of having more money in its state coffers than it had budgeted. FILE PHOTO: Pumpjacks taken out of production temporarily stand idle at a Hess site while new wells are fracked near Williston, North Dakota November 12, 2014. REUTERS/Andrew... Read More

Luxury food industry turns sour amid global coronavirus lockdowns

Luxury food industry turns sour amid global coronavirus lockdowns
SINGAPORE/TOKYO/PARIS (Reuters) – Global demand for premium foods like wagyu beef, bluefin tuna and caviar has plunged with thousands of restaurants shuttered and many economies sliding into recession amid the coronavirus pandemic. FILE PHOTO: Meat from a 278kg bluefin tuna, priced with a bid over $3 million at Toyosu fish market’s first tuna auction of the year, is pictured at... Read More

Household spending plunge pulls down euro zone GDP in first quarter

Household spending plunge pulls down euro zone GDP in first quarter
FILE PHOTO: People stroll at the shopping district “Hohe Strasse”, as the spread of the coronavirus disease (COVID-19) continues in Cologne, Germany, April 22, 2020. REUTERS/Thilo Schmuelgen BRUSSELS (Reuters) – A plunge in household spending and investment pulled down euro zone gross domestic product in the first quarter as the COVID-19 pandemic struck, but the fall was slightly smaller than... Read More

Factbox: Who’s bidding to be next World Trade Organization chief?

Factbox: Who’s bidding to be next World Trade Organization chief?
GENEVA/BRUSSELS (Reuters) – The World Trade Organization (WTO) began the process on Monday of selecting a new director-general to replace Brazil’s Roberto Azevedo, who is stepping down a year early at the end of August. FILE PHOTO: A logo is pictured on the headquarters of the World Trade Organization (WTO) in Geneva, Switzerland, June 2, 2020. REUTERS/Denis Balibouse Azevedo’s successor... Read More

Australia shakes up foreign investment laws for national security

Australia shakes up foreign investment laws for national security
SYDNEY (Reuters) – Australia announced the biggest shakeup of its foreign investment rules in almost half a century on Friday, including additional powers to force the divestment of a business if it creates a national security risk. An Australia Dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration Citing the need to balance economic and national... Read More

Trump gives U.S. agencies power to fast-track big infrastructure projects

Trump gives U.S. agencies power to fast-track big infrastructure projects
WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday signed an executive order that gives federal agencies emergency powers to fast-track major energy and other infrastructure projects by overriding environmental permitting requirements. FILE PHOTO: U.S. President Donald Trump walks out of the Oval Office to deliver a statement on the ongoing protests over racial inequality in the wake of the... Read More

Trump to give agencies power to fast-track big infrastructure projects, sources say

Trump to give agencies power to fast-track big infrastructure projects, sources say
WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday is expected to sign an executive order that would give federal agencies emergency powers to fast-track major energy and other infrastructure projects by overriding environmental permitting requirements, two sources familiar with the proposal said. FILE PHOTO: U.S. President Donald Trump walks out of the Oval Office to deliver a statement on... Read More

From wagyu beef to melons, Japan’s $2.2 trillion virus rescue piques struggling firms

From wagyu beef to melons, Japan’s $2.2 trillion virus rescue piques struggling firms
TOKYO (Reuters) – As the coronavirus jolts Japan, the government’s huge stimulus package has come under fire from hard-hit restaurant owners for channelling funds for items like wagyu beef, melons and tourism rather than accelerating help for firms with burning cash needs. FILE PHOTO: A waitress wearing a protective mask to prevent infection, following the coronavirus disease (COVID-19) outbreak, cleans... Read More