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A shortage of beef and pork could be a plus for two of the largest makers of plant-based meat. Beyond Meat Inc. and privately-held Impossible Foods Inc. are likely benefactors in the wake of closures of major meat-packing plants hit by coronavirus outbreaks. The evidence was on vivid display Tuesday, after Beyond Meat reported fiscal …
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The coronavirus pandemic is plunging the European Union into a recession, the European Commission said Wednesday in its spring economic forecast. Predicting a “recession of historic proportions,” the commission warned that the Eurozone economy will contract by 7.5 percent in 2020 — a record number that surpasses the damage caused by the 2009 financial crisis. …
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New York lawmakers are cracking down on a state-funded company that has been accused of not protecting its workers from the coronavirus, The Post has learned. Four state legislators fired off a letter last week urging Maximus to address complaints about insufficient pandemic protections at its New York call centers, which runs customer service call …
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China’s ambassador to the United Nations revealed Wednesday that Beijing will block international investigators from examining the origins of the Wuhan coronavirus until “final victory” over the pandemic has been achieved. “The top priority, for the time being, is to focus on the fight against the pandemic until we win the final victory,” Chen Xu …
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U.S. Secretary of State Mike Pompeo on Wednesday renewed his aggressive criticism of China, blaming it for the deaths of hundreds of thousands of people from the coronavirus and demanding again that it share information about the outbreak. “They knew. China could have prevented the deaths of hundreds of thousands of people worldwide. China could …
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Joe Judge has a plea to the Giants players he is trying to get to know as he attempts, remotely, to turn a collection of individuals into a team: Play more video games together! This unusual suggestion, from a 38-year old novice head coach who gives off a no-nonsense persona, is a sign of the …
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Cash-strapped Gap Inc. on Wednesday laid out plans to reopen stores in areas where lockdown curbs have eased, while also introducing social-distancing measures. Retailers are trying to restart business activity brought to a standstill due to the COVID-19 lockdowns. Their stores have remained closed for weeks and have resulted in thousands of workers being laid …
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Private payrolls dropped by more than 20 million in April as the economy ground to a halt due to lockdown orders that caused businesses to close their doors and hemorrhage employees. U.S. companies lost a total of 20,236,000 jobs last month, according to data released Wednesday by the ADP Research Institute. The total easily beats the …
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A Texas judge sentenced a Dallas hair salon owner to seven days in jail and a $7,000 fine for opening the salon in defiance of lockdown orders, the local CBS affiliate reported. Judge Eric Moye told owner Shelley Luther that although her decision was “selfish,” she could avoid jail time if she apologized and admitted …
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A Scandanavian tech firm with a tiny office in New York City snagged more than $200,000 in aid meant to help American small businesses survive the coronavirus crisis. Zedge, a digital publishing outfit founded in Trondheim, Norway, got a $217,900 loan last month through the feds’ $659 billion Paycheck Protection Program, according to a regulatory …
A shortage of beef and pork could be a plus for two of the largest makers of plant-based meat. Beyond Meat Inc. and privately-held Impossible Foods Inc. are likely benefactors in the wake of closures of major meat-packing plants hit by coronavirus outbreaks. The evidence was on vivid display Tuesday, after Beyond Meat reported fiscal …
