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A higher deficit will need to be factored in to new EU budget, says economist

Radhika Rao from DBS Bank discusses the European Union's economic response in combating the coronavirus pandemic.




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Analyst looking to build portfolios that will 'last the next decade'

BNP Paribas Asset Management's Paul Sandhu discusses his 2020 equity strategy and finding opportunity amidst the current volatility in markets.




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Earnings will get a massive hit this year from the coronavirus hit: Portfolio Manager

Steven Glass of Pengana International Fund says there is a wide disconnect between fundamentals and market moves and we are currently witnessing a bear-market rally.




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Oil, Covid-19 shock will not be a capital event for GCC banks: S&P Global Ratings

Given the "strong profitability" of banks in the Gulf Cooperation Council countries, the oil price shock and the coronavirus pandemic are unlikely to deplete their capital base, says Mohamed Damak of S&P Global Ratings.




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Expat job losses in the UAE will add to troubles in the GCC: Economist

Chris Payne of Peninsula Real Estate Management says the real problem in the GCC is not unemployment, but population shrinkage, as expats will be the first to be furloughed in an economic downturn.




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Op-ed: Investors will reward companies that take care of others in the coronavirus pandemic

Acts of charity, compassion, and creative generosity may resonate with investors increasingly drawn to socially responsible investing.




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Op-ed: For Big Oil, this crisis will be different, and it may be irreversible

Oil and gas companies delayed in transitioning from fossil fuels and lost investors. The oil price crash caused by the coronavirus threatens to make this shift permanent.




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This is how many furloughed Main Street employees will get jobs back

As the economy reopens from the coronavirus shock, not all small business jobs held on Main Street will be coming back, not even by a long shot, according to the Q2 2020 CNBC|SurveyMonkey Small Business Survey.




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Repurposing existing drugs to treat coronavirus will likely be quicker than a vaccine, scientists claim

A team of international experts said that while there was no "magic bullet" for treating Covid-19, successfully identifying a drug that could treat the virus was likely to take less time than rolling out a vaccine.




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Alphabet CEO lays out how offices will slowly reopen starting in June with internal memo

The first employees to return will be those who need "access to special equipment" and whose jobs require them them to be in the office, Pichai stated.




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Cramer: Tesla is an industry standout, stock will go much higher

CNBC's "Squawk on the Street" team discuss Tesla's stock performance and how the company stands out in the auto industry.




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Grant Thornton's Swonk: I fear how many layoffs will become permanent

Diane Swonk of Grant Thornton and Brent Schutte of Northwestern Mutual join "Squawk on the Street" to discuss the latest jobs numbers and economic fallout of the coronavirus pandemic.




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EU predicts region will contract 7.4% this year in worst economic shock since 1930s

In February, the European Commission estimated a 1.4% rise in GDP for the EU this year.




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Greece's strict fiscal targets will likely be relaxed in 2021 as well, minister says

Greece might be spared from having to hit strict fiscal targets related to previous bailouts next year, a government official told CNBC, given the ongoing health and economic crises.




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2020 will see more store closures, expert says

Stacey Widlitz, president at SW Retail Advisors, speaks to CNBC about the retail picture in both the U.K. and the U.S.




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Trump will make a deal with Iran if he gets re-elected, DAMAC chairman says

But Hussain Sajwani, chairman of Middle Eastern property development firm DAMAC, says he doesn't expect President Donald Trump to secure a deal in the Middle East this year.




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Virtual banking will help banks like Standard Chartered cut costs: Fund manager

Virtual banks may compete with traditional banks, but they also help lenders like Standard Chartered cut costs, says Paul Pong of Pegasus Fund Managers.




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Oil surges on big bet that drivers will take to the roads as states reopen

Oil prices are rising as producers cut output and investors bet the U.S. consumer will help drive the industry out of its demand crisis.




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This is the jobs number that will show how fast the labor market can heal

Economists are looking at continuing unemployment claims data as the best labor market barometer as states reopen.




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'Not the economy, stupid': A majority of Americans say 2020 election will be about other issues

A majority of Americans think a recession is likely in the next year, but amid historically low unemployment and a record stock market, most voters say the 2020 election will not be about the economy, according to a new CNBC Invest In You survey on money and politics released Monday.




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UFC President Dana White says sports can resume but will 'lose a lot of money'

Ultimate Fighting Championship President Dana White said Tuesday he believes many sports leagues could resume competition but it would come at a price.




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Moderna CEO: Covid-19 vaccine will be 'supply constrained for quite some time'

Moderna CEO Stephan Bancel tells "Squawk Box" that he anticipates the supply of Covid-19 vaccines will be 'constrained' at first and that the company will work closely with the U.S. government to distribute the first batches of the vaccine to areas that have the most need.




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'We will starve': Zimbabwe's poor full of misgiving over Covid-19 lockdown

Unable to access state benefits, food and even running water as the country shuts up shop, people in Harare fear the worst

Nelson Mahunde, 70, trudges along the deserted streets of Harare’s central business district to collect his monthly pension.

In one hand, he clutches a pension letter; with the other, he hold on firmly to his walking stick.

How can we wash our hands regularly when there is no running water?

Related: Zimbabwe's president appeals for help to end country's 'financial isolation'

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These 3 tweaks will simplify your money. Because life is complicated enough

Streamline your money life with a few easy changes and mindset tweaks. Life is difficult enough right now.




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If there's coronavirus relief money, scammers will try and steal it

Business owners, the unemployed and recipients of stimulus checks are among the targets of financial thieves trying to access trillions of dollars in federal coronavirus relief.




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Stay on evictions in New York will continue through August, Gov. Cuomo says

New York Gov. Andrew Cuomo extended the moratorium on evictions through August. The state has been the epicenter of the coronavirus pandemic.




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Donald Trump says coronavirus will 'go away without a vaccine' - video

Donald Trump has asserted with no evidence that the coronavirus pandemic will ‘go away without a vaccine’. Without mentioning specifics, he pointed to other viruses and flus that ‘disappeared’ before vaccines were created. ‘They’ve never shown up again. They die, too. Like everything else, they die,’ Trump said. ‘It’s going to go away. And we’re not going to see it again, hopefully, after a period of time.’

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Adam Neumann lawsuit will have long-term effects: WSJ's Maurren Farrell

WeWork co-founder Adam Neumann is now suing his ontime ally SoftBank. Maureen Farrell, WSJ, and CNBC's Deirdre Bosa join 'Power Lunch' to discuss if WeWork can withstand this and how it will impact the company.




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$787K PPP loan will carry us just for two months: New Jersey theater CEO

Adam Philipson, The Count Basie Center for the Arts president and CEO, joins 'Power Lunch' to discuss how the company is making it through the Covid-19 pandemic and how long the PPP loan will carry them.




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It will take five years for the US to return to the economy of 2019: Harvard's Ken Rogoff

Ken Rogoff, Harvard University professor of public policy and economy, joins 'Power Lunch' to discuss the possibility of negative interest rates.




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Penn Games CEO on steps it will take to reopen casinos

The Nevada Gaming Commission has just set guidelines for casino reopenings. Jay Snowden, Penn National Gaming CEO, joins 'Power Lunch' to discuss their guidelines for reopening and partnership with Barstool.




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Harley Willard: ‘Iceland’s a good place just to concentrate on your football’

The winger, who was part of the Guardian’s first Next Generation in 2014, talks about rebuilding his career after being released by Southampton

Harley Willard made one of those sliding-doors decisions that can turn anyone’s life around last December. He had arrived at Heathrow airport, packed and ready for the 14-hour slog back to Phnom Penh, and at that point another season at the Cambodian club Svay Rieng felt like a trade-off he could just about stomach. The football there offered few real prospects but he had enjoyed the lifestyle and, after such an uncertain year and a half since leaving Southampton, surely his happiness was the most important thing.

Related: Next Generation: after five years, how has our first full class of picks fared?

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Player wages and contracts will bankrupt EFL clubs: it's time for the PFA to act | Mark Palios

A radical solution is needed and the PFA has the money and the power to step in and help clubs that have no income for the foreseeable future

Last month I said the EFL was entering the most critical period in its history as it struggled to respond to the abrupt cessation of football. What we have seen since has elegantly illustrated the game’s inability to act decisively to protect professional football’s future. This is not a criticism of the individuals involved in negotiations, who are trying their best, but reflects structural flaws that prevent cohesive action. Put simply, it is clear the EFL and Professional Footballers’ Association cannot bring the key counter-parties to the table.

The first phase was characterised by the fight for cash given the disappearance of gate-related income. Although there was relatively swift agreement that a player wage deferral would help, it has been left to clubs and players to agree arrangements. Some players have deferred, some have not, and and the scale varies from club to club. The outcome was, in my view, too little and too late for many clubs.

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Ole Gunnar Solskjær says Manchester United will not force players to return

  • Some of them may not be mentally ready because of Covid-19
  • ‘You wouldn’t hold anything against them,’ manager says

Ole Gunnar Solskjær says he would not force any Manchester United footballer to play if they did not feel “mentally ready” due to concerns about coronavirus.

The Premier League hopes to get the go-ahead for a mid-June return and Solskjær has all his squad back in the country for a potential resumption of training. Yet the manager is conscious some may have reservations about doing so.

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From Australia to the US: when will football start again around the world?

As football prepares to start or resume seasons we look at 17 countries to see how close they are to a return

Clubs and the football federation hope for an August restart with a July training phase to step up for a resumption of the A-League, which was postponed indefinitely on 24 March. Five rounds of games, plus the finals, remain. All games are likely to be played in Sydney without spectators, with Wellington Phoenix to be based in NSW for a two-week quarantine before playing. The National Rugby League has the green light to restart on 28 May, which may lead to fixture clashes at cross-code venues such as Kogarah and Bankwest Stadium.

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Betty Williams obituary

One of the founders of the Northern Ireland Peace People and a joint Nobel laureate

The afternoon of 10 August 1976 in the Provisional IRA heartland of Andersonstown in west Belfast was hot and sunny. But, as ever, the ongoing conflict was being played out, this time with a British army patrol pursuing a suspect speeding car through streets busy with people shopping and walking.

At about 2pm, when the chase reached Finaghy Road North, soldiers opened fire on the speeding car, killing “Volunteer” Danny Lennon, the 23-year-old driver. His car immediately went out of control and veered on to the pavement outside a church. Before it careered to a halt against the railings, it had run down three children and their mother, Anne Maguire. Eight-year-old Joanne and her six-week-old brother, Andrew, died immediately while another brother, two-year-old John, died from his injuries the next day. Anne, after days in a coma, survived, but killed herself eight years later. Another son, Mark, aged seven, who was on his bicycle ahead of the family group escaped injury. A second person in the car fled the scene.

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Discussion Paper Business Combinations-Disclosures, Goodwill and Impairment issued by the IASB for comments 

Mergers and acquisitions-referred to as ‘business combinations’ in IFRS Standards- are often large transactions for the companies involved. These transactions play a central role in the global economy. IFRS 3



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Will Technology replace Accountants?

In recent years technology has evolved at a much rapid pace, so fast that it has almost gained a life of it's own. Technology has been making continuous advancements in each & every field including our very own Profession of Accounting.




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Chancellor tells unions there will be no cliff-edge end to furlough

Rishi Sunak promises gradual end to coronavirus wage subsidies as concerns grow

The chancellor Rishi Sunak has held talks with nine of Britain’s union leaders to try to reassure them plans to phase out the government’s furlough scheme will be gradual and minimise the impact on unemployment.

In the run-up to an announcement next week about the future of the wage subsidy scheme, Sunak sought to dampen union concerns that the coronavirus support package would be brought to an abrupt halt at the end of June.

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The pubs have gone – so why are we drinking as much as ever? | Zoe Williams

People who love boozers always said it was the atmosphere, not the alcohol, that attracted them. The lockdown has proved us right

Some forgotten heroes – or mistreated victims, if you prefer – of the coronavirus outbreak are pubs. People who love pubs always said it was the atmosphere, not the alcohol, and people who didn’t love them thought we were just spinning them a line. Now we have proof, because we are drinking as much as we ever did and yet we complain almost constantly.

That debate has ended, anyway, because the people who miss pubs now talk only to each other. We start off complaining about the pub, then segue, almost shyly, into: “Are you managing to drink quite a lot?” “Jesus Christ, you should see the state of my recycling bin. It only got collected two days ago. Today I had to climb into it to compress the cans with my body weight.” “I actually can’t carry as much beer as I want to drink,” said one friend. “One night, I ended up buying a bottle of gin.”

Zoe Williams is a Guardian columnist

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Festive special will see the return of the Daleks!

With the fate of the Doctor seemingly hanging in the balance following the climactic ending to Series 12, Doctor Who will next return to screens for a special in the upcoming festive season in an episode entitled: “Revolution of the Daleks”.




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Profiting from the Pandemic: Will Pharmaceutical Giants Use Patents to Limit Access to COVID Drugs?

As the number of confirmed COVID-19 cases worldwide approaches 4 million and the pandemic could be with us for months or years, we look at who can access drugs like remdesivir, being developed by pharmaceutical giant Gilead, which has the patent for the drug and is poised to make massive profits. We look at how much drugs like remdesivir will cost, and who can access them, with writer Achal Prabhala, coordinator of the AccessIBSA project, which campaigns for access to medicines in India, Brazil and South Africa.




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The NFL Draft Will Combine New Tech with Old Coaches and It Will Be a Glorious Train Wreck

With dozens of stodgy old people collectively using new meeting technology to hold the NFL draft virtually, there will almost definitely be some crazy shenanigans like the ones described in this article.




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Maduro says two captured American 'mercenaries' will be tried in Venezuela

Venezuela will try two Americans allegedly captured during a failed raid by mercenaries, President Nicolas Maduro said on Wednesday as the US vowed to "use every tool available" to bring them home.




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Merkel says Germany's re-opening will have 'emergency brake' in case Covid-19 spikes

Chancellor Angela Merkel announced steps on Wednesday to ease the coronavirus lockdown in Germany but at the same time launched an "emergency brake" mechanism allowing for renewed restrictions in case infections pick up again.





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Hezbollah slams German ban as ‘submission to America’s will’

The head of Lebanon's Hezbollah movement on Monday condemned Germany's ban on his group as bowing to US pressure and insisted it was not active in the country.