S&P expects Dubai’s debt load to worsen, doesn’t see pre-covid pandemic recovery until 2023

s&p 500 august 2020 return

Ratings agency S&P forecasts an 11% contraction for the Dubai economy this year, with an already high debt load set to increase as some of the emirate’s vital sectors struggle to rebound from the impact of the Covid-pandemic.

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Struggling retailers rush to file for bankruptcy as fears of a second wave of covid-19 linger

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Over a two-week span in early July of 2020, seven retailers, including The Paper Store, Lucky Brand and Brooks Brothers filed for bankruptcy protection. J.Crew, Neiman Marcus and J.C. Penney and four other retailers had already filed in May. Lord & Taylor and the off-price shop Stein Mart led another wave that hit earlier this month. Some would say it has been a flood, but what’s coming could be a tsunami.

Read MoreStruggling retailers rush to file for bankruptcy as fears of a second wave of covid-19 linger

As u.s. dollar slides, some investors fret about its status as world’s reserve currency

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Some investors are worried the U.S. response to the Covid-19 pandemic is dealing a body blow to the dollar, potentially accelerating what has so far been a slow erosion in the greenback’s status as the world’s dominant reserve currency.

Read MoreAs u.s. dollar slides, some investors fret about its status as world’s reserve currency

Covid Outbreak Is Already Upending Health Insurance copays And premiums For next year

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The COVID-19 pandemic is upending the U.S. health coverage market in unexpected ways, forcing some insurers to issue refunds to customers this year and complicating the models they use to set the prices for next year’s copays and premiums.

Read MoreCovid Outbreak Is Already Upending Health Insurance copays And premiums For next year