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COVID-19

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Countries fear second coronavirus wave

Wuhan, where the coronavirus pandemic first began, is testing all 11 million residents after reporting six new cases over the weekend. The city lifted its 76-day lockdown in April. In South Korea’s capital of Seoul, over 2,000 bars and clubs were closed after a new cluster of COVID-19 cases were traced to the city’s entertainment district. Russia is also struggling as the number of reported cases falls just behind the U.S. Ramy Inocencio looks at how countries are battling the global pandemic.

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Controversy over pandemic stimulus allocation

Although nearly 1.7 million PPP loans have been approved so far, a survey found that 80% of small businesses are either still waiting to receive their money or have not heard about their application at all. Four major banks are facing lawsuits alleging they prioritize bigger customers, which are now receiving backlash themselves for receiving stimulus money while smaller, independent businesses did not make the cut. Nancy Cordes hears from small business owners who are struggling with the loan program.

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