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Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Sep 03, 2020
Page
6
China suspended barley imports from CBH Grain Pty Ltd Australia's largest exporter citing contamination. Beijing cites plant export quarantine gaps, while observers see this as collateral damage in tensions over Australia's push for a coronavirus inquiry.
Business owners tap retirement and emergency funds to cover deposits and payroll as virus shocks hit travel, dining and services. Juneau Food Tours, PR Plus, NoExam.com and others pull from Retirement and savings amid uncertain economy, seeking relief beyond loans. Moore, Kelly, Holloway all regret letting nest eggs thin. Alaska hopes for recovery with new ventures and plans.
Australia slips into recession as the economy contracts 7 percent in the June quarter, the steepest decline since records began in 1959. Government officials call the drop devastating, with household spending the major drag and mining investment offering some offset amid COVID-19 disruptions.
United Airlines states 16 370 employees will be furloughed in October down from 36 000 after early retirements buyouts and leaves. The number could fall further before October 1 and may be postponed if Washington approves another 25 billion in payroll aid. Flight attendants face most cuts with 6920 notices. pilots maintenance and management also affected.
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