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| What you need to know about the coronavirus today |
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Rich world lockdowns hit remittances Carlos Sosa, a Salvadoran waiter in New York, used to send up to $500 a month back home to his mother to help pay for her medical bills and food. After the coronavirus hit and he lost his job in early March, Sosa has burnt through his savings and the wire transfers have stopped. Lockdowns imposed by wealthy nations and the jolt those restrictions have delivered to their economies are severing a vital lifeline for many often vulnerable people around the world: the billions of dollars in remittances sent home by relatives working abroad.
Emirates sees four years to full resumption Emirates’ outgoing president, Tim Clark, said it could take the Dubai-based airline up to four years to resume flying to its entire network. Emirates, which flew to 157 destinations in 83 countries before the pandemic, grounded passenger flights in March and has since operated few, limited services.
Future of tourism Sri Lanka plans a limited reopening of its tourism sector on Aug. 1, according to the head of the Sri Lanka Tourism Promotion Bureau. Small groups of tourists will be allowed to enter with a certificate from their governments or a reputable agency stating they were free of COVID-19. | |
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From Breakingviews: Corona Capital - Taxes, European malls, India. The European Commission is dreaming up new ways to finance its bailout fund, and a French mall deal comes with sweeteners. Catch up with the latest pandemic-related insights from. | |
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