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From the BBC World Service: Around 70% of America’s H-1B visas, now temporarily suspended, go to workers from India. Renault and Nissan face a U.K. lawsuit over emissions cheating claims. South Africa announces its first COVID-19 vaccine trial.
Following a White House order, the U.S. will stop issuing new visas for people who want to travel to the country for work. Rethinking police dramas on TV. China launches its final satellite in a system to rival GPS.
The IRS is making more families eligible to borrow from their retirement accounts without penalty. American Airlines has been forced to raise another $3.5 billion. Why the U.S. government would sell bonds that don’t need to be paid back.
Nearly 4.5 million homeowners were late on mortgage payments in May. Plus, potential home sellers have been cautious about getting into the market. As businesses reopen, some add a COVID-19 surcharge. And, Wirecard says the missing $2 billion never existed.
From the BBC World Service: The German payments processor Wirecard says money missing from its accounts may not exist. Britain tightens foreign takeover rules for future pandemics. How furloughed airline staff are helping health care workers.
Given the intense focus on racial injustice, corporations are doing more to mark Juneteenth this year. Plus, how much money did households save by cooking their own meals during lockdowns? And, 40 years of CNN.
Conflicting signs today on whether or not the U.S. and China are reconciling trade differences. Also, a breakdown in Canada-China relations. And, a DACA recipient on what Thursday’s Supreme Court ruling means for him.
From the BBC World Service: It’s been dubbed “Next Generation Europe,” but can the EU find unity on a COVID-19 recovery fund? Australia says it’s been the victim of cyberattacks by a state actor. Why remittances are so vital for millions of families.
The Federal Reserve is trying to be as nurturing as it can to the economy in the pandemic, making credit easier to get, interest rates low, markets smooth. Plus, 1.5 million more people applied for unemployment benefits. And, the last installment of “A History of Now,” the current season of Marketplace’s documentary podcast “The Uncertain Hour.”
The President of the Federal Reserve Bank of Dallas, Robert Kaplan, on how stamping out racism would contribute to everyone’s success. Plus, the economic fallout of a surge in COVID-19 cases in parts of Arizona, Florida, Texas, California and more.
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