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Does the US economy run on immigration?

The US economy runs on immigration. Immigrants support crucial industries, pay huge amounts in taxes, take care of children and the elderly, sustain American innovation and — perhaps most importantly — make the country a more attractive destination for multinational investment. Over the past few years, President Donald Trump, the Covid-19 pandemic and the end of the big Mexican migration ...

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Fast-food boom drives rebound in meat sales for US packers

Bloomberg American meatpackers are benefiting from one bright spot in the restaurant industry during the pandemic: fast-food sales. With most restaurants closed or operating at reduced capacity, customers have flocked to places including McDonald’s and Burger King, where they can simply drive through to grab food. That’s helped Cargill Inc.’s protein sales to food-services business to return to near normal, ...

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Philippines extends ban on UK flights

Bloomberg Philippine President Rodrigo Duterte extended the ban on UK flights by two weeks and said he’s open to reinstating tighter movement curbs if coronavirus infections spike. Returning to some form of a lockdown “is a possibility if the severity in numbers will demand that we take corrective measures immediately,” the president said at a meeting of the task force ...

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