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Business owners across the country have been hit hard in recent months. The COVID-19 pandemic closed many businesses or completely changed the way they have had to do business. Just as businesses were beginning to reopen, riots and looting have left many businesses dealing with smashed windows, stolen merchandise. Some have even had their buildings burned to the ground.
An IMF team has agreed on a one-year, $5.2 billion financing package for Egypt to help the country alleviate the economic impact of the COVID-19 pandemic, the fund announced Friday. The IMF board must still approve the financing from the fund's Rapid Financing Instrument (RFI), which allows nations to circumvent the lengthy negotiations usually needed to secure a full economic assistance program -- time most countries do not have as they struggle to cope with the coronavirus crisis.
Temecula, California, Mayor James Steward resigned Friday following accusations of racism over an email about police killings appeared online earlier in the week. The email was sent on Tuesday after a resident asked Steward how he would work to end police violence. “I don’t believe any good person of color has been killed by police,” Steward wrote in the email. He also noted he has several African American friends.
U.S. stocks surged on Friday as traders embraced a much better than expected May jobs report which suggested the covid-19-related economic crisis may have bottomed out. The Dow Jones Industrial Average surged 829.16 points to 27,110.98, while the S&P 500 gained 81.58 points to 3,193.93 and the Nasdaq Composite Index climbed 198.27 points to 9,814.08. Nasdaq just missed setting a new closing record high. For the week, the Dow jumped 6.8%.
After days of being slammed online and recent accusations of racism against Lea Michele, two of her former "Glee" co-stars have come forward to share their drastically different experiences. Iqbal Theba and Dean Geyer, who played Principal Figgins and Michele's on-screen boyfriend, Brody, respectively, on the popular Fox musical comedy-drama, spoke out in defense of the 33-year-old actress.
Brooks Brothers could reportedly find itself in bankruptcy as soon as July as it continues to look for a buyer for its two-century-old apparel business. The retailer has been in talks to raise debtor-in-possession (DIP) financing for a possible bankruptcy filing after closing all its stores amid the coronavirus pandemic, sources for CNBC said.
In a horrific incident, a 70-year-old woman of suburban Chicago was mauled by a dog according to the Chicago Sun-Times. The woman, who was identified as Kati Amos, died due to the attack. The Cook County Medical Examiner’s Office said Amos was attacked by a dog Wednesday morning in south suburban Country Club Hills. An autopsy found she died of her injuries, and her death was ruled an accident. Other details about the incident and the breed of the dog were not made available.
In a shocking incident, stray dogs were found eating a body of a newborn girl in the Indian state of Gujarat. According to police, the incident came to light Wednesday in Vasna area of Ahmedabad district,. Local media reported that a 50-year-old woman called police after she discovered a foul smell near her home. Upon checking the cause of the smell, the woman found that dogs were eating the newborn's body dumped near her house.
Washington Mayor Muriel Bowser approved a street painting on Friday on the road leading to the White House, ordering "Black Lives Matter" to be displayed in large yellow letters following a week of protests demanding justice for George Floyd, a black Minneapolis man who died pleading for air as a white police officer knelt on his neck. Browser also asked President Trump to recall extra police and National Guard troops deployed on city streets to quell sometimes violent protests demanding an end to racism in the United States.
Two men in Texas were arrested for "cursing" while they video-recorded the arrest of their friend. After the video went viral, the two officers were put on desk duty. Both of them face an inquiry that could lead to their dismissal from the service. The Baytown police are investigating the cell phone video, which has garnered as many as 68,000 views.
The NBA suspended the 2019-2020 season indefinitely on March 11 when Utah Jazz center Rudy Gobert tested positive for COVID-19. The league has a plan to return to play with 22 teams vying for the championship at Disney’s ESPN Wide World of Sports Complex in Orlando, Florida. Teams will start a week-long training camp on June 30, according to ESPN, and fly to Orlando on July 7. The season is scheduled to resume on July 31 after a 142-day hiatus.
U.K. airlines, politicians and business groups have squarely condemned a proposal by the British government to impose a mandatory 14-day quarantine on all arrivals in order to quell the spread of covid-19. British Airways, or BA, and Ryanair even refused to participate in an industry conference call with the U.K. Home Secretary Priti Patel and Kelly Tolhurst, the junior aviation minister, to discuss the quarantine.

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