Heavily dependent on advertising and circulation, local and regional newspapers in the U.K. could face financial ruin as a result of the coronavirus pandemic.
Tag: Layoffs and Job Reductions
Millions Had Risen Out of Poverty. Coronavirus Is Pulling Them Back.
Experts say that for the first time since 1998, global poverty will increase. At least a half billion people could slip into destitution by the end of the year.
‘I’m Just Living a Nightmare’: Oil Industry Braces for Devastation
Across the United States, companies are laying off workers, shutting down wells and preparing for a prolonged slump as oil prices tumble.
Disney World Furloughing 43,000 Workers
The action comes after the Florida attraction closed last month because of the coronavirus pandemic. About 200 employees who are considered essential will remain on the job.
Oil Companies Are Collapsing Due to Coronavirus, but Wind and Solar Energy Keep Growing
The renewable-energy business is expected to keep growing, though more slowly, in contrast to fossil fuel companies, which have been hammered by low oil and gas prices.
Oil Companies Are Collapsing, but Wind and Solar Energy Keep Growing
The renewable-energy business is expected to keep growing, though more slowly, in contrast to fossil fuel companies, which have been hammered by low oil and gas prices.
Young Adults, Burdened With Debt, Are Now Facing an Economic Crisis
Young people who entered this financial downturn with fewer resources than previous generations are enduring pain.
Coronavirus Models Offer the Big Picture, Not the Details of What May Come
Ontario and British Columbia have both released their projections about what the pandemic will bring. But, like a weather forecast, they are ever-shifting predictions.
Empty Hotels. Idled Tour Buses. The Pandemic Is Devastating Tourism.
Millions are losing their jobs and economies are suffering as once-bustling tourist sites give way to eerie emptiness. The Caribbean is suffering a particularly heavy blow.
‘I Can’t Stop’: In Vast Informal Economy, Pandemic Adds to Pressure
Many workers in Latin America labor without protections, surviving day to day, making them especially vulnerable to the coronavirus.