Late News This information from last news on the day

Twelve migrants test positive for coronavirus at Mexican government shelter By Reuters

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© Reuters. Outbreak of the coronavirus disease (COVID-19) in Ciudad Juarez

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CIUDAD JUAREZ, Mexico (Reuters) – Twelve migrants have tested positive for coronavirus at a government-run shelter in the Mexican border city of Ciudad Juarez, the Mexican labor ministry said in a statement on Friday.

The migrants have been isolated to prevent further spread of the virus in the Leona Vicario center, which houses 337 people, the ministry said.

“People with COVID-19 symptoms receive medical treatment in a timely manner and remain in an isolation area to monitor their progress,” the ministry said.

Fourteen migrants considered to be high-risk, including pregnant women and people with chronic medical conditions, were transferred to another facility, according to the government.

Ciudad Juarez, a gritty industrial city that neighbors El Paso, Texas, has received thousands of migrants under a Trump administration policy that sends U.S. asylum seekers to Mexico to await the

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Five blockbuster deals that would inject some excitement into markets during quarantine

My kids are trapped in quarantine, and they are passing the time in part by suggesting some investment column ideas for me. Hopefully the world returns to normal soon and you won’t be subject to the (not so bad, actually) investment thoughts of two teenage boys.

This week, instead, we are going to put on our dealmaker hats and propose some ideas for bored investment bankers to consider. Times are tough all over, but there is nothing like hefty broker fees to get Bay and Wall Street’s blood racing. Here are some deal propositions that could work:

Netflix should buy Spotify

Netflix (NFLX on Nasdaq) is facing lots of competition in the streaming business. Sure, COVID-19 has helped recent growth, with everyone stuck at home, but this won’t last forever. What better way to tie up your customers than to offer viewing options and music. Spotify (SPOT on Nasdaq) has

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Fortune poll: Who supports Round 2 of stimulus checks—and who doesn’t

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Calm before the storm for Japan suicides as coronavirus ravages economy By Reuters

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© Reuters. Machiko Nakayama, director of the Tokyo Befrienders call center, and a volunteer handle an incoming call during the spread of the coronavirus disease (COVID-19) continues, in Tokyo

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By Elaine Lies

TOKYO (Reuters) – The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don’t stop until the lone volunteer fielding calls from hundreds of people yearning to talk signs out early the next morning.

Both operating days and volunteer numbers at the volunteer-run Tokyo Befrienders call centre have been cut to avoid coronavirus infection, but the desperate need remains.

“There are so many people who want to connect and talk to somebody, but the fact is we can’t answer all of them,” centre director Machiko Nakayama told Reuters.

Health workers fear the pandemic’s economic shock will return Japan to 14 dark years from 1998 when more

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With a US$560-billion war chest, Big Tech goes on pandemic M&A spree despite political backlash

Big technology companies are hunting for deals at their fastest pace in years, racking up acquisitions and strategic investments despite increased regulatory scrutiny during the coronavirus-led market turmoil.

Alphabet Inc., Amazon.com Inc., Apple Inc., Facebook Inc. and Microsoft Corp. have announced 19 deals this year, according to Refinitiv data from May 26, representing the fastest pace of acquisitions to this date since 2015.

The Financial Times on Tuesday reported Amazon was also in advanced talks to purchase the self-driving car company Zoox, which was valued at US$3.2 billion two years ago. Meanwhile, Facebook in March announced its largest international investment yet, purchasing a US$5.7 billion stake in the juggernaut Indian telecoms operator Reliance Jio.

The deals mark a departure from the 2001 recession and the 2008 financial crisis, when tech companies largely retreated from big purchases following dips in the stock market.

“One big difference between now and the last

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The real risk isn’t the federal government’s exploding debt. It’s how it is structured that’s so dangerous

In 2008, eager homebuyers and developers found themselves lured by adjustable-rate mortgages and flooded into the market, creating the housing craze of the mid-2000s. Then came a credit crunch as lenders lost confidence in borrowers’ ability to make good. In 2008, the destruction that started with overstretched homeowners and developers walloped the widespread economy.

Now there’s a similar danger brewing. But the catalyst isn’t reckless consumers. Now it’s the U.S. Treasury choosing daredevil financing. And because of the particulars of how the government has structured its debt, this plan could backfire down the road—and lead to a new financial crisis.

The parallels between the two borrowing booms should concern all Americans because in both cases, they left the economy highly vulnerable to unforeseen shocks. The problem isn’t just the gigantic scale of the new debt we’re shouldering to blunt the lockdown. If we were relying on long-term Treasuries that locked … Read More