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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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Book recommendations from Fortune’s 40 under 40 in tech
fortune.com

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. The coming-of-age autobiography of one of America’s greatest poets; a shrewd examination of incarceration in the 21st century that is still heavily linked to Jim Crow laws of the 19th century; and a guide […]

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Deutsche Bank ups 2020 GDP outlook on faster COVID-19 recovery
www.investing.com
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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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UK house prices see biggest jump since 2016 to hit fresh high, survey says
www.cnbc.com

U.K. house prices saw their biggest growth since 2016 in August, climbing to a record high, according to Britain's longest-running barometer of the property market. 

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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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Nutanix India business grows by 42% in the past year including five months under Covid-19
economictimes.indiatimes.com

In April, Nutanix announced a partnership with IT services firm Wipro for digital database services, which would allow enterprises to efficiently manage databases optimizing time and effort of IT teams.

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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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