New York City to open streets to pedestrians as the weather warms

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A portion of Park Avenue, between 28th Street and 34th Street closed to motorists to promote ‘Social Distancing’ amid Coronavirus(Covid-19) Pandemic on March 30, 2020.

John Nacion | NurPhoto | Getty Images

New York City Mayor Bill de Blasio said on Friday that city plans to open 40 miles of streets in May and nearly 100 miles over the course of the city’s Covid-19 outbreak to pedestrians as the weather warms. 

“The open streets are going to be another way to help encourage social distancing because the warmer weather tells us we’re going to have a new challenge,” de Blasio

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Airlines fall again, banks slide

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Wall Street stands empty as people stay away from the area due to the coronavirus on March 30, 2020 in New York City.

Spencer Platt | Getty Images

Dow Jones Industrial Average drops 516 points

The Dow closed 516.81 points lower, or 2.17%, at 23,247.97. The S&P 500 dropped 1.75% to 2,820.00. The Nasdaq Composite fell 1.55% to close at 8,863.17. Downbeat remarks from the top-ranking Federal Reserve official and worries over market valuation sent stocks sharply lower on Wednesday.

Powell: More needed to support the economy

Fed Chairman Jerome Powell said that more needs to be done to support  

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Kennedys moves ahead with annual salary increases

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Global insurance law firm Kennedys has announced that its annual salary increases, which were postponed from May for non-lawyer staff and from September for lawyers, will go ahead in November.

The firm paused the annual increases to allow its board to monitor the impact of the COVID-19 pandemic on the business. However, Kennedys has now decided to go ahead with the increases, which are performance-based and apply to all eligible fee-earning and business services staff.

In June, the firm posted a record turnover of £238 million (about SG$427 million) for the financial year 2019-2020, a 9% increase over the previous

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Cities warn of infrastructure spending cuts as virus depletes budgets

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People look at the Manhattan skyline before watching a movie at the Skyline Drive-In NYC cinema experience on June 16, 2020 in the Brooklyn Borough of New York City, amid the novel coronavirus pandemic.

Angela Weiss | AFP | Getty Images

More than U.S. 700 cities plan to delay or cancel infrastructure projects after their responses to the coronavirus outbreak left budgets with unplugged holes, according to a National League of Cities survey released Tuesday. 

The survey, which collected data from over 1,100 municipalities in all 50 states, found that most cities will delay or cancel equipment purchases. Such moves

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