nwitimes.com - Business Briefing
Thursday, June 4th, 2020
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Steel production down 16.1% this year after COVID-19 disruptions

Steel production is down 16.1% this year after the COVID-19 economic disruptions. Read more





NWI Business Briefing

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1.9 million seek jobless aid even as reopenings slow layoffs

WASHINGTON (AP) — Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cuttin… Read more

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Hammond company to distribute ultraviolet disinfection robots

A Hammond company has reached a deal to distribute UVC Robots, autonomous Roomba-like robots that use ultraviolet light to disinfect hospitals and other workspaces. Read more

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Cinema chain AMC warns it may not survive the pandemic

AMC said it had enough cash to reopen its theaters this summer, as it plans to do. But if it's not allowed to reopen, it will need more money, which it may not be able to borrow. Read more

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Valparaiso's landmark 49er Drive-In movie theater to reopen Friday after owner's death

The old-fashioned movie theater will reopen for the season starting Friday through Sunday this weekend. Read more

National Business Briefing

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Asia Today: Australia to restart flights to New Zealand

CANBERRA, Australia (AP) — Canberra Airport opened a register for travelers interested in flying from the Australian capital to New Zealand on July 1 in a proposed resumption of international travel. Read more

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The Latest: France nixes Bastille Day parade for ceremony

French troops won’t march on the Champs-Elysees avenue on Bastille Day this year. The French presidency says the traditional military parade will be replaced with a Paris ceremony where health precautions will be observed due to the coronavirus pandemic. Read more

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1.9 million seek jobless aid even as reopenings slow layoffs

WASHINGTON (AP) — Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs. Read more

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Germany, France hope cloud data project to boost sovereignty

BERLIN (AP) — Germany and France on Thursday launched a project to set up a European cloud computing platform that they hope will enhance European economic sovereignty in the wake of the coronavirus crisis and break the continent's dependence on U.S. and Chinese companies. Read more

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European Central Bank nearly doubles pandemic support scheme

FRANKFURT, Germany (AP) — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600 billion euros to 1.35 trillion euros ($1.5 trillion) in an effort to keep affordable credit flowing to the economy during the steep downturn caused by the virus outbreak. Read more

US productivity falls at 0.9% rate in first quarter

WASHINGTON (AP) — U.S. productivity fell at a 0.9% rate in the first three months of this year, a smaller decline than first estimated, while labor costs rose at a slightly faster pace. Read more

Franciscan AlliancePeoples BankPurdue NorthwestNIPSCOMeyers Glaros Group
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