Charles Michel who chairs the summit is expected to reveal new proposals ahead of Sunday's meeting to bridge the gap between the 'frugal four' countries (Austria, Denmark, Netherlands and Sweden) and other countries who don't want to see big cuts and conditions added to the recovery fund.View on euronews
Credit: euronews (in English) Duration: 01:30Published
Zindzi Mandela, daughter of anti-apartheid icons Nelson and Winnie Mandela, has died at the age of 59. Zindzi, who was Nelson and Winnie Mandela's youngest daughter, died early Monday morning. She was born in 1960 to Nelson, South Africa’s first black president, and Winnie, an anti-apartheid activist. The 59-year-old woman was a political activist and South Africa's ambassador to Denmark. Zindzi Mandela is survived by her husband and four children. Her cause of death has not been released.
Danish Prime Minister Mette Frederiksen postponed her wedding to attend the European Council meeting in July. According to CNN, EU leaders are to meet for the first time since the coronavirus outbreak. They plan to discuss the European budget and plants to recover from the COVID-19 crisis. Prederiksen said while she was “looking forward to marrying this man,” she needs to do her job and “protect Denmark’s interests.
Walmart delayed the July launch of its subscription service. Business Insider reports that Walmart needs to debut soon to avoid missing out on holiday sales. The 2020 holiday shopping season is most likely going to move entirely online. Walmart+ has a clear chance to highlight its value to consumers. Walmart was originally set to introduce its Walmart+ subscription service this spring. It pushed the debut back to July due to the coronavirus pandemic, but its launch has now been postponed again.
Crossmark Global Investments' Victoria Fernandez is still bullish about tech stocks, but she says investors should take some profits on the big names. She tells Reuters' Fred Katayama investors should put the proceeds into Walmart, McCormick and JPMorgan Chase.
Business Insider reports that banks' and tech giants' earnings largely impressed Wall Street. Bank of America says discount stores are set to post similarly positive results, according to Bank of America. BoA analysts expect the sector's second-quarter figures to hold strong thanks to rising food sales and improvement in general merchandise revenue. Thanks to momentum in higher-profit categories and successful online operations Walmart, Target, and Dollar Tree are in good positions.
Walmart has over 5,000 locations in the U.S. and 265 million customers globally. And according to Business Insider, they may be ready to give health insurance providers some competition. Walmart is launching a low-cost health insurance offering, available to customers. It's called Walmart Insurance Services LLC. The discount store says that the Walmart Health Center prices will be up to 50% lower than traditional care.
Florida Governor Ron DeSantis on Thursday spoke about reopening schools and told reporters, "We spent months saying that there were certain things that were essential. That included fast-food restaurants. It included Walmart. It included Home Depot... if all that is essential, then educating our kids is absolutely essential."