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Virus pummels global economy, jobs - even without 2nd wave

Virus pummels global economy, jobs - even without 2nd wave

PARIS — The virus crisis has triggered the worst global recession in nearly a century -- and the pain is not over yet even if there is no second wave of infections, an international economic report warned Wednesday.
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May consumer prices fall 0.1%, the third consecutive month

May consumer prices fall 0.1%, the third consecutive month

WASHINGTON — U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession. The Labor Department said Wednesday that its consumer price index fell 0.
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US consumer spending sinks by record 13.6% in face of virus

US consumer spending sinks by record 13.6% in face of virus

WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
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'Cops,' on air for 33 seasons, dropped by Paramount Network

'Cops,' on air for 33 seasons, dropped by Paramount Network

LOS ANGELES — After 33 seasons on the air, “Cops” has been dropped by the Paramount Network as protests against police proliferate around the world.
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Movie theatres, shuttered for months, plan July reopening

Movie theatres, shuttered for months, plan July reopening

NEW YORK — After three months of near total blackout of cinemas nationwide, movie theatres are preparing to reopen — even if it means only a few titles on the marquee and showings limited to as little as 25% capacity.
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Ontario child-care centres to reopen Friday; Some parents reluctant to send kids

Ontario child-care centres to reopen Friday; Some parents reluctant to send kids

TORONTO — Child-care centres in Ontario will be allowed to reopen Friday with a long list of restrictions in place, including on the number of people per room, extra cleaning and COVID-19 screening measures.
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IBM quits facial recognition, joins call for police reforms

IBM quits facial recognition, joins call for police reforms

IBM is getting out of the facial recognition business, saying it's concerned about how the technology can be used for mass surveillance and racial profiling.
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US employers laid off 7.7 million workers in April

US employers laid off 7.7 million workers in April

BALTIMORE — U.S. employers laid off 7.7 million workers in April — a sign of just how deep the economic hole is after the closure of thousands of offices, restaurants, stores and schools during the pandemic.
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Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,833.74, down 141.17 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up five cents, or 8.62 per cent, to 63 cents on 40.
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Ontario businesses say temporary commercial evictions ban only a start

Ontario businesses say temporary commercial evictions ban only a start

TORONTO — Small business owners have spent months urging the Ontario government to hear their pleas for a temporary ban on commercial evictions, but some say the answer they've received doesn't go nearly far enough.
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