ba

Lebanese citizens on a painful path despite the government's rescue plan, analyst says

Gregg Carlstrom, Middle East Correspondent at The Economist says a haircut for banks in Lebanon seems inevitable despite their recent spat with the government.




ba

Didi is 'even more confident' about entering global markets now, says president

Didi Chuxing is now "even more confident and more committed" to the idea of entering global markets in the wake of the coronavirus crisis, says Jean Liu, president of the mobile app-based transportation firm.




ba

Op-ed: Don't ruin the Fed's great work by rushing economy back before it's safe

A rush to open the economy could cause a second wave of infections, even as the Corona curve is flattening and possibly rolling over.




ba

Op-Ed: SBA chief pledges 'every available resource' to aid small businesses

All small businesses are eligible, including non-profits, self-employed individuals, sole proprietorships, and independent contractors, writes SBA Administrator Jovita Carranza.




ba

Stock buybacks: We need a new litmus test after the bailouts

A government bailout of companies due to the coronavirus has led to criticism after a record decade of stock buybacks. Companies that can't manage cash flow deserve the attacks.




ba

Op-ed: To help Main Street businesses, look to Main Street banks

Local community banks were among the most prepared and willing to step up during these unprecedented times, releasing loans far earlier than many of their Wall Street counterparts.




ba

Op-Ed: The smart way to get US employees back to work

Missing in the planning to return to work is a response to a very fundamental challenge: How do we ensure that the return to economic activity better positions American workers for success, writes Zoe Baird and David Marsh.




ba

Op-ed: How the US can win the post-coronavirus race for global dominance

Beijing could still leverage its first-mover advantage – alongside a faster economic recovery across Asian markets – accelerating the trend toward a Chinese-centric globalization, writes Fred Kempe.




ba

Op-ed: The market comeback seems callous, but investors are betting on a bright post-crisis future

Stocks have risen swiftly as investors look beyond the coronavirus pandemic, but millions of Americans continue to suffer unemployment and sickness.




ba

Op-ed: China has a big but brief chance right now to speed its way to global leadership

Covid-19 has revealed more clearly than ever before the nature and relentlessness of the ruling Chinese Communist Party's ambition to place itself at the center of global power and influence.




ba

Op-Ed: Local bars and restaurants face extinction because of coronavirus – and government needs to step up

Independent bars and restaurants found some relief in the Paycheck Protection Program, which offers low interest, short-term loans with the potential of forgiveness. That is not nearly enough, writes author and bar owner Derek Brown.




ba

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.




ba

Global luxury sales could collapse up to 60% in the second quarter, consulting firm says

Bain predicted a full-year contraction between 20% to 35% for the personal luxury market that includes clothes, jewelry, watches, beauty products, and accessories.




ba

As US-China rivalry heightens, the pandemic could tilt global power in Beijing's favor

China is likely to use the crisis as an opportunity to raise its profile and expand its influence particularly over countries hard-hit by the pandemic, analysts say.




ba

Democrat and Republican voters remain split on Covid-19 precautions in battleground states, poll shows

CNBC's Eamon Javers breaks down new survey results from battleground states, and split opinions on the coronavirus pandemic among Democratic and Republican voters.




ba

Neiman Marcus files for bankruptcy protection

CNBC's Courtney Reagan reports on retailer Neiman Marcus' decision to file for Chapter 11 bankruptcy amid the coronavirus pandemic.




ba

Cramer: Coronavirus could propel plant-based Beyond Meat into a giant like Amazon or Facebook

Plant-based protein is not a passing fad, CNBC's Jim Cramer said.




ba

Banks, energy, tech sectors lead stocks higher at open

CNBC's Bob Pisani looks ahead at the day's market action.




ba

Pharma giants granted coronavirus approvals but doubts remain on manufacturing a global vaccine

Experts warn that vaccine timelines look ambitious and argue more thought is needed on manufacturing.




ba

BNP Paribas' net profit slides as it warns of three 'major negative impacts' from the coronavirus

BNP Paribas reported a fall in net income for the first quarter on Tuesday, as it warned the coronavirus has had three "major negative impacts" on its balance sheet.




ba

German court says the European Central Bank now needs to prove its bond buying is needed

The German court said the decision does not concern any financial assistance measures taken by the European Union or the ECB in the context of the current coronavirus crisis.




ba

European airlines drop guidance and warn it could take years for demand to bounce back

A number of European airlines have dropped their financial guidance for the year, as the ongoing coronavirus pandemic creates widespread uncertainty about when business will return to normal.




ba

Brexit delay puts Bank of England in a really tight spot, expert says

Hetal Mehta, senior European economist at Legal & General Investment Management, discusses the impact of Brexit on U.K. policymakers.




ba

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.




ba

Oil rebound may have gone too far, based on just tentative supply and demand improvements

Signs that Americans are driving more are helping lift oil prices, but analysts say a 60% jump in prices in just a week may be too much.




ba

Despite the pullback, analysis shows oil is still headed higher

The NYMEX oil price has pulled back sharply, but the chart suggests it's not a change of the overall uptrend, according to Daryl Guppy.




ba

Never mind the pullback, technical analysis shows oil is headed for a rebound

The pullback in oil prices takes place within the environment of a well-established uptrend, writes Daryl Guppy.




ba

The dollar's strength appears unabated

The breakout in the U.S. dollar appears to have slowed. Technical features suggest, however, that it is easy for the dollar to develop more upside, Daryl Guppy writes.




ba

Here's how Mike Bloomberg's campaign spending may help him qualify for debates

Mike Bloomberg is outspending his rivals in the race to become the 2020 Democratic Presidential Nominee. His campaign spent $188 million during the fourth quarter of 2019. That's more money than any of his democratic competitors have raised over the entirety of this election cycle. But there's another big difference between those candidates and Bloomberg. Bloomberg didn't compete in the Iowa caucuses. Here's why and how he may still qualify for upcoming debates.




ba

Wedbush's Ygal Arounian on Uber earnings: Top line numbers weren't that bad

Tom White, D.A. Davidson analyst and Ygal Arounian, Wedbush Securities, join "Closing Bell" to talk about markets.




ba

Tesla hasn't received permission to resume production in Bay Area—Reuters

CNBC's Phil LeBeau reports the latest news on Tesla.




ba

Op-Ed: Advisors need to help clients get back to basics during this volatility

While financial advisors must continue being proactive in helping clients maintain financial well-being during the coronavirus pandemic and downturn, the most effective advisors are managing their clients' emotional well-being, as well.




ba

Barrick Gold CEO Mark Bristow on gold demand amid coronavirus pandemic

Mark Bristow, CEO of Barrick Gold, joins "Squawk Box" to discuss reopening the U.S. economy, demand for gold during the coronavirus pandemic and what the "new normal" may look like after the crisis ends.




ba

Norwegian Cruise Line CEO talks cruise bookings, raising $2 billion to avoid bankruptcy

Norwegian Cruise Line CEO Frank Del Rio said the troubled company has raised enough liquidity to get through potential 18 months of zero revenues.




ba

Uber CEO: Our drivers and couriers should get health care and earnings protection based on hours worked

Uber CEO Dara Khosrowshahi tells "Squawk Box" that the company is a proponent of a model in which drivers and couriers have minimum earning and health care protections based on the hours worked.




ba

Wife of Zimbabwe vice-president accused of trying to kill him

Marry Chiwenga accused of disconnecting Constantino Chiwenga’s life support machine

The wife of Zimbabwe’s vice-president, Constantino Chiwenga, has been accused of attempting to kill him by disconnecting his life support while he was undergoing treatment in hospital this year.

Marry Chiwenga, née Mubaiwa, was arrested at the weekend and appeared at Harare’s magistrates court on Monday where she was remanded in custody.

Continue reading...




ba

I’m home for Christmas – but hardship has sucked the spirit out of Zimbabwe

After years in exile, my hopes for a joyous family reunion were dashed by the country’s miserable economic situation

My brothers and I leapt out of bed at the first glimmer of dawn on Christmas morning – and there they were. Every Christmas of my childhood that I can remember, the shiny black school shoes were neatly lined up by the door. A new pair for all of us. Then came the new clothes proudly presented by my parents – the fruit of long hours of labour. And then, in our new finery, off we went to church. The long sunny hours of Christmas Day, usually with a brief but refreshing afternoon thunderstorm, were spent at huge family gatherings, feasting on chicken and rice, washed down with an array of brightly-coloured soft drinks – cherry plum, cream soda and Fanta orange.

As the years went by and independence came to Zimbabwe, many things changed. But Christmas traditions remained much the same, with big gatherings to which people travelled many miles, new clothes, lots to eat and drink.

When I arrived in mid-December, the tales of hardship were heart-breaking. There’d be no gifts for children this year.

Continue reading...




ba

Home Office faces legal cases over Zimbabwean asylum seekers

Legality of allowing Harare officials to interview those awaiting removal questioned

The Home Office faces a series of legal challenges over its decision to allow Zimbabwean government officials to interview people from the country who are seeking asylum in the UK.

The government was criticised earlier this year for working with the Zimbabwean state to accelerate the removal of asylum seekers after Robert Mugabe was forced from power, despite continuing human rights abuses in the country.

Related: Home Office criticised for accelerating removals to Zimbabwe

Continue reading...




ba

Zimbabwe urged to prioritise children as record poverty causes food shortages

Researchers sound the alarm after statistics reveal almost half of impoverished children in rural areas do not have enough to eat

Poverty has reached unprecedented levels in Zimbabwe, with more than 70% of Zimbabwean children in rural areas living in poverty, a UN study has found.

The report, compiled by Unicef and the Zimbabwe National Statistics Agency, shows high levels of privation in rural areas, where 76.3% of children live in abject poverty. Statistics seen by the Guardian suggest that almost half of these children do not have enough of the right food to eat.

Related: Zimbabwe on verge of 'manmade starvation', warns UN envoy

Continue reading...




ba

More than half of women in Zimbabwe have faced sextortion, finds survey

Widespread corruption and deteriorating economy have contributed to rise in sexual bribery, say researchers

Zimbabwe has recorded an unprecedented number of women reporting being forced to exchange sex for employment or business favours.

More than 57% of women surveyed by Transparency International Zimbabwe (TIZ) said they had been forced to offer sexual favours in exchange for jobs, medical care and even when seeking placements at schools for their children.

Related: We were promised change – but corruption and brutality still rule in Zimbabwe | Fadzayi Mahere

Continue reading...




ba

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

Emmerson Mnangagwa makes passionate plea for support as he targets upper middle-income status by 2030

The president of Zimbabwe has appealed for help in pulling his debt-ridden country out of “financial isolation”.

Emmerson Mnangagwa made his passionate call for international funding after he failed to secure new loans from the International Monetary Fund, the World Bank, African Development Bank and the Paris Club due to outstanding foreign debts of $8bn (£6.2bn).

Related: Zimbabwe urged to prioritise children as record poverty causes food shortages

Continue reading...




ba

'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'

Continue reading...




ba

Doctors sue Zimbabwe government over lack of Covid-19 protective equipment

Court application warns ‘many lives will be lost’ without urgent action to provide face masks

The Zimbabwean government has been taken to court over its failure to provide doctors working on the frontline of the Covid-19 pandemic with masks.

The Zimbabwe Association for Doctors for Human Rights (ZADHR) is seeking to compel the authorities urgently to provide personal protective equipment (PPE) for medical practitioners, warning that medics in the country’s troubled health sector will otherwise die.

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

Continue reading...




ba

Zimbabwe faces malaria outbreak as it locks down to counter coronavirus

A rise in cases of the mosquito-borne disease poses another layer of threat in a country where the health system is already struggling

At least 131 people have died from malaria in Zimbabwe in a new outbreak, adding pressure to a country already struggling to deal with Covid-19.

The fatalities occurred in 201 outbreaks recorded across the country, according to the Ministry of Health. Meanwhile Zimbabwe’s lockdown has been extended by two weeks to prevent the spread of coronavirus.

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

Continue reading...




ba

Are you having second thoughts about that PPP loan? You have until May 14 to pay it back

If you had other sources of liquidity available to your company, and applied for the Paycheck Protection Program anyway, now might be the time to think about giving the cash back. You have just over a week to act.




ba

White House weighs pushing tax deadline back to Sept. 15

To help bolster the economy, the White House is weighing a variety of measures, including the possibility of extending the tax deadline to September or even December.




ba

Families of dead Covid-19 victims may have to give back stimulus checks

New guidance from the IRS makes it clear that stimulus checks cut to deceased people must be returned. But what about those who die from the coronavirus? That depends on the timing of the deaths and receipt of the checks.






ba

Hertz hires firm for bankruptcy preparation: Report

CNBC's Phil LeBeau on a report that Hertz has hired a firm to assist with bankruptcy preparations. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Karen Finerman.