Europe and Australia Face Slow Jobs Recovery Amid Pandemic
Europe’s jobless rate rose to 7.3 percent in April as labor programs kept millions employed and some people dropped out of the labor force. In the United States ADP reported 22.6 million jobs lost since March, with most declines in April, while Australia’s economy shrank 0.3 percent in the January-March quarter amid wildfires and lockdowns. Germany aims to quintuple offshore wind capacity to 40 GW by 2040 to meet 65 percent of electricity from renewables.
MENTIONED IN THIS ARTICLE
Europe
Eurostat
U.S
ADP
Mark Zandi
Moody’s Analytics
Zandi
Australia
Josh Frydenberg
Peter Altmaier
Germany
Rural business owners clash with big lenders over aid
In rural Wyoming owner Travis Hogman and peers struggle to access CARES Act relief. Dialogue cites missteps in the Paycheck Protection Program and new $10 billion earmark for CDFIs to reach rural, minority, and underserved groups, amid bank disinvestment and processing gaps.
MENTIONED IN THIS ARTICLE
Travis Hogman
Wyoming
BMC West
Amazon
Lowe’s
Home Depot
Hogman
Congress
Ines Polonius
Communities Unlimited, Inc
U.S. House
Small Business Administration
Treasury Department
Cdfis
Hampton
Inspector General
SBA
Federal Reserve Bank of New York
Bank of England warns banks to prepare for no deal Brexit
The Bank of England urges UK banks to prepare for a possible no deal Brexit as talks with the EU stall and the transition period nears its end. Governor Andrew Bailey has pressed banks to readiness for all risks, including operating without a trade agreement. Nissan warned Sunderland plant operations could not be sustained without a deal.
MENTIONED IN THIS ARTICLE
Bank of England
London
U.K
European Union
Andrew Bailey
Boris Johnson
Nissan
Sunderland
England
Surge in telehealth devices and apps expected post pandemic
Demand for smartphone apps wearable patches and connected devices aiding remote consultations is rising as COVID-19 normalizes online care. Asynchronous data sharing and at home testing could expand diagnostic capability with AI aided pneumonia detection and rapid image transmission to doctors. Frost & Sullivan foresees sevenfold telehealth growth by 2025 with a 64.3 percent rise in 2020.
MENTIONED IN THIS ARTICLE
Joseph Kvedar
Connected Health
American Telemedicine Association
Kvedar
Harvard Medical School
Frost & Sullivan
United States
Victor Camlek
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Berlin
Baltimore
Canberra
The
Associated Press
Rockton, Ill
Scott Olson
GETTY
Tribune News Service
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