Business, labor groups urge G20 to close “stimulus gap” in COVID-19 crisis

By Andrea Shalal

WASHINGTON, Oct 7 (Reuters) – The Group of 20 nations must offer poorer countries a longer freeze in debt payments and other help to protect the global economy from long-term scarring inflicted by the COVID-19 pandemic, leading business and labor groups said.

Warning of job losses, increasing poverty, rising child mortality and high business failure rates in poorer countries, the groups urged G20 finance ministers, who will meet by teleconference next week, to take immediate action.

“The required contribution from the world’s leading economies is minute compared to the social and economic costs of inaction,” the International Chamber of Commerce, the International Trade Union Confederation, and Global Citizen, a group pushing to end extreme poverty by 2030, said in an open letter.

The G20’s freeze in official bilateral debt payments for the poorest countries should be extended through to end-April 2022 and broadened to include lower-middle and

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7 Nasdaq Stocks You Need To Buy Before They Bounce Back Up

Well, that was quite the exciting turn of events. After months of steady gains, stocks have finally gone down. Last Thursday and Friday, the markets saw considerable profit-taking. The Nasdaq Composite in particular got whacked, with that tech-heavy index falling as much as 9% from peak to bottom last week.For all we know, the selling will continue in the days to come. In any case, this is the time for traders to start loading up their watchlists with Nasdaq stocks to buy.Why focus on Nasdaq stocks? Because that’s where the action has been ever since the novel coronavirus outbreak began shutting down the world. With people stuck at home, created an unprecedented move to put many things onto the internet. Healthcare, education and other essential services that remained largely in-person until now are rapidly migrating to virtual

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