Business

Dr. Anthony Fauci says he hasn’t thought about resigning despite White House criticism

National Institute of Allergy and Infectious Diseases Director Anthony Fauci attends the daily coronavirus briefing in the Brady Press Briefing Room at the White House on April 09, 2020 in Washington, DC. U.S. unemployment claims have approached 17 million over the past three weeks amid the COVID-19 pandemic. Alex Wong | Getty ImagesWhite House coronavirus advisor Dr. Anthony Fauci said he hasn't thought about resigning despite criticism in recent days from President Donald Trump and other administration officials about his response to the coronavirus pandemic.  Fauci, director of the National Institute of Allergy and Infectious Disease, said he told the White House he found it "bizarre" and thought the administration made a "big mistake," but his job is too critical to quit now, acco...

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Business

Fauci says White House’s ‘bizarre’ efforts to discredit him hurt Trump, adds Peter Navarro is ‘in a world by himself’

Director of Trade and Manufacturing Policy Peter Navarro speaks to members of the press outside the West Wing of the White House June 18, 2020 in Washington, DC. Alex Wong | Getty ImagesDr. Anthony Fauci said that he has not considered resigning from his lead role in the fight against the coronavirus pandemic, and said the "bizarre" recent efforts from White House officials to discredit him ultimately harm President Donald Trump. "I cannot figure out in my wildest dreams why they would want to do that," Fauci said in an interview with The Atlantic published Wednesday. Fauci was responding to a list shared over the weekend by a White House official that resembled an opposition research-type document used in political campaigns, highlighting Fauci's past comments about the virus. "I th...

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Business

Lockdowns eased, top car makers ramp up production to meet rising demand – The Economic Times

Top car makers in India are revving up production to satisfy socially distanced customersLast week, Maruti Suzuki added a second shift at both Gurgaon and Manesar plants, while Hyundai, which was already operating two shifts to meet domestic and export obligations, is considering a third shift in the coming weeks. Maruti Suzuki has been running an extended shift of 10 hours at both plants to deliver more in the era of social distancing. Source link ...

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Business

View: Covid-19 mitigation must be planned to minimise collateral damage – The Economic Times

The effects of Covid-19 are highly skewed across age groups: the aged are the most vulnerable; children and youth are the least. The effects of lockdowns are also skewed: the aged and the retired are the least affected; nonelderly adults, youth and children are the most. Lockdown will not affect the incomes of the aged who have already retired; it may affect their wealth. Source link ...

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Business

J.C. Penney gets more time from lenders in push for survival

An empty parking lot is seen outside a closed JC Penney Co. store in Mt. Juliet, Tennessee, on Thursday, April 16, 2020. Luke Sharrett | Bloomberg | Getty ImagesJ.C. Penney has a little bit more breathing room.  The retailer on Tuesday confirmed in a court filing it had struck a deal with its lenders to push back a key deadline originally imposed on it as part of its bankruptcy financing. According to the terms of its debtor-in-possession financing agreement, it had to submit a business plan to its lenders by July 8 and get two-thirds of them on board by July 15. If it missed those deadlines, it would have had to begin the process of selling off its assets.  Now, after confidentially submitting its business plans on time, J.C. Penney has until July 31 to review them with its lenders...

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Bollywood

Staff at dubbing studio visited by Abhishek Bachchan test negative for COVID-19 : Bollywood News – Bollywood Hungama

After Abhishek Bachchan was found to be coronavirus positive on July 11, the dubbing studio he visited last week to dub for Breathe: Into the Shadows was shut down. All the employees at the studio have now been tested negative for the virus. As per reports the owner of the studio has confirmed that all of the staff have been found negative and he also concluded that the actor might not have contacted the virus from the studio. However, the studio will continue to remain closed.  On July 11, Amitabh Bachchan was first tested positive for coronavirus followed by Abhishek Bachchan. Both father and son were immediately shifted to Nanavati hospital in Mumbai. The following day Aishwarya Rai Bachchan and her daughter Aaradhya Bachchan were also tested positive, however, they were asked t...

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Business

U.S. reports record 67,400 single-day spike of new coronavirus cases

Emergency Medical Technicians (EMT) lift a patient that was identified to have coronavirus disease (COVID-19) into an ambulance while wearing protective gear, as the outbreak of coronavirus disease (COVID-19) continues, in New York City, New York, U.S., March 26, 2020. Stefan Jeremiah | ReutersThe United States reported 67,417 new cases of the coronavirus on Tuesday, setting yet another fresh record for new cases reported in a single day, according to data collected by Johns Hopkins University.  Cases in the U.S. keep climbing, averaging about 62,210 new cases per day over the past seven days — more than triple the number just a month ago and up more than 21% compared with the seven-day average a week ago, according to a CNBC analysis of the data from Hopkins.  Texas, California and ...

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Top Stories

Tokyo declares coronavirus ‘red’ alert, governor calls situation ‘rather severe’ | CBC News

The latest: Canada-U.S. border closure extended into August, officials say. U.K. health minister says government will not be recommending masks in offices. With uptick in COVID-19 cases, Quebec could be forced to choose between schools and bars. Venezuela's new coronavirus cases reach 10,000. South Africa surpasses U.K. in number of confirmed virus cases. Lives remembered: Honouring the Canadians who have died from COVID-19. Tokyo raised its coronavirus alert to the highest "red" level on Wednesday, alarmed by a recent spike in daily new cases to record highs, with Gov. Yuriko Koike describing the situation in Japan's capital as "rather severe."In Tokyo, daily virus cases exceeded 200 in four of the past seven days, touching an all-time high of 243 last Friday as testing amon...

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