Tens of thousands of layoffs could hit H&M employees as the coronavirus causes ‘significant negative impact on sales’

Tens of thousands of layoffs are potentially on the horizon for H&M workers. H&M said it experienced a “significant negative impact on sales” because of the coronavirus and is looking for ways to cut costs. H&M temporarily shut down 3,441 of its 5,062 locations. The company has temporarily shuttered all stores in the US, Germany, and the UK. Visit Business Insider’s homepage for more stories. H&M, one of the world’s largest fashion retailers, is discussing … Read more

Trump’s favorite Fox News hosts are pushing him to prioritize the economy over social distancing amid the coronavirus pandemic

Fox News host Steve Hilton argued on Sunday that the economic impacts of the social distancing measures being enforced across the US will do more harm to Americans than the coronavirus itself.  Just a couple of hours later, President Donald Trump echoed Hilton’s argument, tweeting in all caps, “WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF.”  Trump added that he would reevaluate “which way we want to go” on the pandemic response … Read more

UPS continues electric vehicle push with Gaussin ‘shifters’ test in London

While company initiatives around the globe are stuck in neutral during the COVID-19 coronavirus outbreak, UPS is charging forward on a piece of its green energy strategy. United Parcel Service Inc. (NYSE: UPS) said it’s testing the suitability and durability of Gaussin electric vehicles, known as “shifters,” which have autonomous driving capability, to move semi-trailers and containers on the grounds of UPS’s advanced-technology London Hub. Gaussin SA, a French engineering company, and UPS…

Dramatic photos show doctors and nurses struggling on the front line of the coronavirus pandemic around the world

Thousands of doctors, nurses, and other medical personnel are working around the clock to treat patients infected with the new coronavirus. Many of them face grueling conditions, long work hours, and fears of contracting the virus themselves. Healthcare staff have also reported having insufficient medical equipment. And as some people still ignore official advice to self-isolate, doctors and nurses are posting signs on social media asking people to stay at home to make their work … Read more

Florence Pugh and Boyfriend Zach Braff Wear Gloves as They Stock Up on Supplies

Florence Pugh and Zach Braff are hunkering down together as they deal with the novel coronavirus pandemic. The couple were seen wearing gloves while out and about stocking up on groceries while California practices a state-wide stay at home policy to deal with the virus outbreak. Pugh, 24, and Braff, 44, arrived at the store on the back of Braff’s motorcycle. The two both wore leather jackets and boots for the outing, with a fresh-faced … Read more

Recruiters and career coaches who survived the Great Recession share their most urgent advice for finding a job during a new economic downturn

A global recession may be impending and millions of people may lose their jobs. Getting laid off can bring unexpected benefits, like exploring new roles and industries you’d previously ignored. Conducting a job search during an economic downturn doesn’t have to feel demoralizing. Experts advise learning new skills that will make you more employable and networking strategically — which will come in handy even if you don’t lose your job. Click here for more BI … Read more

Dr. Fauci said he would never call coronavirus the ‘Chinese virus,’ which Trump insists on doing

President Donald Trump has repeatedly referred to the novel coronavirus as the “Chinese virus.”  Anthony Fauci, the US’s top expert on infectious disease, on Sunday said he’d never use this phrase to describe the virus.  Critics say the president has only begun referring to the novel coronavirus as the “Chinese virus” to distract from his own failures in response to the pandemic.  Visit Business Insider’s homepage for more stories. Dr. Anthony Fauci, the nation’s top … Read more

Utah Rep. Ben McAdams hospitalized after testing positive for coronavirus

Utah Rep. Ben McAdams, who was the second member of Congress to announce a positive test for the novel coronavirus, was hospitalized Friday evening after experiencing “severe shortness of breath.” McAdams said in a statement Sunday night that he followed public health guidelines by calling the COVID-19 hotline as soon as he started experiencing worsening symptoms — he was then instructed to go to a hospital where he was admitted. McAdams is now “off oxygen” … Read more

World Health Organization Chief Says Coronavirus Spread Is Accelerating

GENEVA — The head of the World Health Organization says the coronavirus outbreak is accelerating but insists “we can change the trajectory of this pandemic.” WHO Director-General Tedros Adhanom Ghebreyesus noted that COVID-19 has now been reported in nearly every country in the world. He said it was 67 days from the first reported case to reach the first 100,000 cases; 11 days for the second 100,000 cases and just four days for the third … Read more

Merkel’s First Test Negative; Vaccine Fast Track: Virus Update

(Bloomberg) — An experimental coronavirus vaccine could be available to health-care workers as soon as late 2020 on an emergency basis. New York City may lose as much as $6 billion in tax revenue over the next 15 months, the comptroller said.Governors of Michigan, Massachusetts and Wisconsin implemented stay-at-home policies. The Federal Reserve announced a second wave of initiatives to support the U.S. economy after Democrats blocked the Senate from advancing a rescue plan.Finance ministers … Read more

Chinese attitudes shift as a result of coronavirus: survey

The coronavirus outbreak has led to a shift in attitudes in China, with less tolerance of individualistic behavior and a greater tendency to recognize the contributions of others, according to a survey conducted during the epidemic.

Carnival’s CEO says the coronavirus can be contained on cruises because ‘the ship is so large’ amid criticism of the company’s slow reaction to the pandemic

Carnival’s Diamond Princess cruise ship became a hotbed for infection in the early days of the coronavirus outbreak, infecting more than 700 passengers and crew members on board.  In an interview with “Axios on HBO,” Carnival CEO Arnold Donald said his company wasn’t to blame for the outbreak on the Diamond Princess. He said “cruise ships are not a source for coronavirus” and claimed that the infections on the Diamond Princess occurred “when no one … Read more

Trump ally Tom Barrack warns coronavirus downturn could rival the Great Depression unless the government relaxes banking rules and boosts market liquidity

The US economy risks a brutal depression unless the government relaxes banking rules and boosts liquidity in markets, Tom Barrack warned in a Medium post on Sunday. The real estate billionaire and Trump ally predicted that “almost every American will be financially challenged to a degree not experienced since the Great Depression.” Barrack cautioned that a liquidity crunch in the commercial real estate market could cause more economic damage than “the 1987 crash, September 11 … Read more