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21 Mar, 2020 06:58

Coronavirus: hotel and auto sector slammed

The coronavirus shutdown has left employees in hundreds of different sectors without work and in many cases without paychecks, as the hospitality sector has taken a beating. Now, employees don't know if they can access unemployment benefits since some companies are choosing to not lay-off workers and instead are placing them on unpaid furloughs. Plus, it has been a rollercoaster week for markets, but stocks are still trading far below just a month ago. Amid the coronavirus pandemic, the developments in the USMCA trade agreement have fallen to the wayside as we take a look at how Covid-19 has slammed the auto sector.

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