Covid-19 is hard on the elderly, with those 65 and older accounting for 80% of the US deaths from the disease for which the Centers for Disease Control and Prevention has released demographic data. But this is true of most illnesses: In 2018, 78% of all US deaths from internal causes (that is, excluding accidents, murders, overdoses and the like) ...

Too many US companies are building empires on the backs of low-wage workers. It’s a mistake to let it continue. California, for one, is fighting back. It sued Uber Technologies Inc and Lyft Inc in state court, contending that the ride-hailing companies violated a new state law by improperly designating drivers as independent contractors rather than employees to save on ...

Over the more than 100 years that luxury retailer Neiman Marcus has been in business, it’s quite likely some customers who shopped there were living beyond their means. A similar state afflicted the department store, as it filed for bankrupty, overwhelmed by its billions of debt. With its filing, Neiman Marcus became the first major department store to succumb to ...

Bloomberg For the authoritarian president of Belarus, Alexander Lukashenko, a deadly global pandemic is no reason to cancel the country’s military parade marking victory in World War II. Defying warnings about the risks of letting the coronavirus spread, Lukashenko has summoned troops to the capital, Minsk, for the parade that’s expected to attract thousands of spectators, even after neighbouring states ...

Bloomberg North Korea has constructed several new intercontinental ballistic missiles (ICBM), according to South Korean newspaper Dong-A Ilbo. US authorities have detected the assembly and completion of ICBMs at an automobile plant in South Pyongan province, where North Korea launched ballistic missiles in 2017, the newspaper reported, citing an unidentified US government official. They also observed the presence of “transporter ...

Bloomberg President Donald Trump declared he’s in no hurry for Congress to pass more stimulus measures to help the economy, hours after the Labor Department announced an unprecedented 20 million jobs were lost in April. “We’re in no rush,” Trump said while meeting with about two dozen House Republicans, who spent an hour taking turns complimenting and congratulating the president ...

Bloomberg Venezuelan lawmakers close to opposition leader Juan Guaido are calling on him to fire some of his aides following a botched raid on the country earlier this week. Lawmakers from the main opposition parties want him to dismiss Juan Jose Rendon, the commissioner for general strategy, and Sergio Vergara, the commissioner for crisis management, six people familiar with the ...

Bloomberg The drugmaker behind one of China’s most promising coronavirus vaccine candidates is in talks to conduct late-stage trials globally as the race for immunisation against Covid-19 intensifies. Beijing-based Sinovac Biotech Ltd is in discussion with regulators in other countries, and the World Health Organization (WHO), to launch phase III clinical trials in regions where the novel coronavirus is still ...

Bloomberg The US government tightened visa rules for Chinese journalists in the latest retaliatory measure in an ongoing spat between the two countries over media access. The regulation will limit visas for Chinese journalists to a 90-day period, while allowing them to apply for extensions, according to a statement from the Department of Homeland Security. Previously, the reporters were permitted ...

Bloomberg Euro-area finance ministers agreed to allow the region’s bailout fund to extend credit lines to each of the bloc’s governments on concessionary terms, paving the way for countries including Italy to draw cheap liquidity amid an unprecedented spending spree. The deal struck at a video conference on Friday forms a key part of the bloc’s response to the crisis ...