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Who pays for the pandemic when insurance companies refuse?
fortune.com

The Indiana Repertory Theatre is a fixture of cultural life in the Midwest. But after the COVID-19 outbreak struck, the theater had to scramble, briefly performing Agatha Christie’s Murder on the Orient Express in front of a smaller audience, and then, after the situation became too risky, shutting down completely. “We knew immediately we’d have […]

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COVID-19 – U.S. Banks Report Weak Earnings; March Retail Sales Slump
www.investing.com
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Georgia Contractor Fined $170K After Worker Falls to Death
www.insurancejournal.com

A Georgia construction company was fined around $170,000 after a worker fell to his death in February at the Interstate-285/Georgia 400 interchange, officials said. Martin-Pinero Construction was cited by the U.S. Department of Labor’s Occupational Safety and Health Administration for …

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How each industry is fueling the U.S. unemployment rate in one chart
fortune.com

We’re living through the largest layoff spree in American history. In a three-week period through early April, 16.8 million Americans filed for unemployment benefits, likely pushing the real unemployment rate to near 15%, the highest level since 1940. And it’s not just small- and midsize employers. Fortune 500 firms are trying to limit the impact of the […]

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What made TCS stock rally despite missing Q4 profit estimates
economictimes.indiatimes.com

While brokerages have cut earnings estimates for TCS, they see it as the best play in Indian IT.

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Govt increases loss coverage for micro loan defaults to 75% from 50% earlier
economictimes.indiatimes.com

“It will incentivise lending institutions to give credit as their losses from defaults on loans will be protected to the extent of 75%,” said Anil Gupta, head of financial sector ratings at ICRA. The CGFMU scheme, announced in April 2016, covers micro loans up to Rs 10 lakh extended under the Pradhan Mantri Mudra Yojana.

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Tech firms deploy Bluetooth chips for coronavirus contact tracing in office
www.investing.com
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An internship during the coronavirus pandemic is a crash course in adaptability
fortune.com

Subscribe to Outbreak, a daily roundup of stories on the coronavirus pandemic and its impact on global business, delivered free to your inbox. Clarissa Garcia began her internship before COVID-19 hit. Her job at WishSlate Inc., an e-commerce app, was focused on PR and media relations. Unsurprisingly, her tasks quickly rendered incredibly difficult due to […]

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Kyrgyz leader misses Russian victory parade as aides contract COVID-19
www.investing.com
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