Oil slips as traders expect OPEC+ to ease supply cuts By Reuters

© Reuters. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary

By Florence Tan

SINGAPORE (Reuters) – Oil slipped nearly 1% on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices.

Brent crude () fell 29 cents, or 0.7%, to $42.95 a barrel by 0510 GMT while U.S. West Texas Intermediate crude () was at $40.25 a barrel, down 30 cents, or 0.7%.

Oil was little changed last week as a resurgence of coronavirus cases prompted several U.S. states to impose tighter travel restrictions that could dampen oil demand recovery at the world’s largest consumer. [nL2N2EJ04T]

However, prices climbed more than 2% on Friday after the International Energy Agency raised its 2020 oil demand forecast by 400,000 barrels per day. [nL8N2EH1F2]

Oil prices have recovered sharply from multi-decade

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Lift & Co. offloading assets as COVID-19 shakes the cannabis sector

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Lift’s struggles are in part a reflection of the cannabis sector as a whole, which, now in its second year of legalization in Canada, has failed to meet investors’ expectations. “Leading up to (the pandemic), the cannabis industry was facing quite a lot of headwinds,” said Rishi Malkani, lead partner of Deloitte Canada’s cannabis division. “You had seen difficulty accessing capital, there were supply challenges … there was difficulty distributing (supply). You had a lot of management turning over and founders shown the door.”

Lack of available capital is what’s creating pressure on already precarious companies

Companies in the sector laid off some 600 employees in the last few months of 2019, according to a job tracker of the industry by Business Insider; that number has soared during COVID-19, with over 3,100 layoffs as of June 3. “The legal cannabis industry is new. They’re still figuring out

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It’s not easy being an aspiring lawyer taking the bar exams during a pandemic

In New York, future attorneys fret they are cramming for a two day exam that won’t take place. In Austin, Texas, law students discovered their test was cancelled only upon calling the exam venue. And in Arizona, 575 test takers are slated to file into the Phoenix Convention Center—even as COVID rages out of control throughout the state.

Welcome to the 2020 version of the bar exam, an ordeal that law school graduates have long confronted in order to join the legal profession, but which has taken on new levels of stress in the covid era.

The prospective lawyers are especially frustrated in light of what they perceive as a lack of transparency by the exam overseers or, in cases like Arizona, by a disregard for their safety. They have been sharing their frustrations in private social media forums, and sharing their experiences with @BarExamTracker—a Twitter account that has … Read More