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HOME2020-06-30T13:01:17+00:00

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Latest Coronavirus Updates

  • Efforts to fight the spread of Covid-19 intensified, with India announcing a nationwide lockdown. The International Monetary Fund offered a grim economic forecast, predicting the recession triggered by the virus will be at least as bad as the 2008 financial crisis. US stocks had their best day in nearly 90 years, however, on the prospect of a multi-trillion-dollar stimulus package.
  • American Vogue and the Council of Fashion Designers of America kicked off a fundraising effort to support small fashion businesses, many of which have been thrown into turmoil as stores close and suppliers face delays.
  • Neiman Marcus is exploring its options as the pandemic complicates the department store’s efforts to pay down a mountain of debt. Bankruptcy is one possible outcome, Bloomberg reported.Latest Coronavirus Updates
    • Efforts to fight the spread of Covid-19 intensified, with India announcing a nationwide lockdown. The International Monetary Fund offered a grim economic forecast, predicting the recession triggered by the virus will be at least as bad as the 2008 financial crisis. US stocks had their best day in nearly 90 years, however, on the prospect of a multi-trillion-dollar stimulus package.
    • American Vogue and the Council of Fashion Designers of America kicked off a fundraising effort to support small fashion businesses, many of which have been thrown into turmoil as stores close and suppliers face delays.
    • Neiman Marcus is exploring its options as the pandemic complicates the department store’s efforts to pay down a mountain of debt. Bankruptcy is one possible outcome, Bloomberg reported.

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