Africa has begun to move its economic attention away from the west to the Middle East and Asia as a primary source of capital raising. This shift in alignment partially explains the forthcoming launch of a number of Sukuk across the continent in 2012.
- Warning of ‘green swan’ risks, climate group Ceres and bipartisan supporters lay out 50-step plan for markets and regulatorsA new report outlines how and why U.S. financial regulators, who are responsible for protecting the stability and competitiveness of the U.S. economy, need to recognize and act on climate change as a systemic risk
- Walt Disney World cancels dining reservations and stops taking new hotel bookings ahead of planned July reopeningTravelers are rethinking their theme-park getaways as Disney eliminates some of its most popular perks for when Walt Disney World resumes operations.
- The extra $600 Americans receive in weekly unemployment benefits ends in July — how that could cost the U.S. more jobsFor every dollar spent on unemployment insurance, there’s a multiplier effect leading to a 1.64 increase in GDP, research shows.
- A lawyer’s job hangs in the balance after charges in Molotov cocktail attack — but it can take less to get fired during off hoursThe alleged incident took place during national protests over George Floyd’s death.
- As Trump challenges social-media companies, how Twitter, Facebook and YouTube deal with misinformation and glorification of violence‘One person’s misinformation might be another person’s truth.’
- Trump threatens to mobilize military to quell protests; crowd tear-gassed ahead of photo opPresident Donald Trump late Monday threatened to mobilize the U.S. military to keep the peace across the nation, following days of violent protests.
- The Wall Street Journal: Stitch Fix laying off around 1,400 workers in CaliforniaStitch Fix Inc., a personal-shopping service and clothing retailer, notified its roughly 1,400 California-based stylists Monday, or about 18% of its total staff, that they will be losing their jobs.
- Deep Dive: This unusual income fund has a dividend yield of 6.5% and has beaten the S&P 500John Bartlett at the Reaves Utility Income fund selects companies with high returns on equity from expansion or improvement projects.
- The Ratings Game: Zscaler closes above $100 for first time on coronavirus work-from-home waveZscaler Inc. shares closed above $100 for the first time Monday on a second day of record highs, as the cloud-based cybersecurity company reaped the benefits from COVID-19-related work-from-home trends.
- Facebook workers revolt against Zuckerberg as Trump posts continue to go unchallengedDozens of Facebook Inc. employees staged a virtual walkout Monday morning to protest executives’ decision not to challenge President Donald Trump’s inflammatory posts, part of what appears to be a movement to challenge the leadership of Chief Executive Mark Zuckerberg.