World News Hits on Tuesday

SEENews reviews the most dominating headlines of the daily world news on Tuesday.

Lufthansa to cut leadership positions, 1,000 admin jobs

Lufthansa (LHAG.DE) announced another package of restructuring measures on Tuesday, including a 20% cut in leadership positions and the reduction of 1,000 administrative jobs, as it battles with the fallout from the coronavirus pandemic. (Reuters) .

Coronavirus: Three England pubs close after positive tests

A number of pubs in England have shut after customers tested positive for coronavirus. (BBC News)

The United States is 'looking at' banning TikTok and other Chinese social media apps, Pompeo says

The United States is "looking at" banning Chinese social media apps, including TikTok, Secretary of State Mike Pompeo said Monday. (CNN News)

US still ‘knee-deep’ in FIRST wave of Covid-19, Fauci warns

Unlike countries in Europe, the US failed to get the first wave of Covid-19 under control and is now ‘knee-deep’ in a new surge of it, according to the country’s top epidemic adviser Anthony Fauci. (Russia Today)

EU to experience 'even deeper recession' than anticipated, as new forecast predicts 8.7% contraction

The economic fallout of the coronavirus pandemic is worse than predicted, with Europe's euro area economy expected to contract by 8.7% in 2020. The EU economy as a whole is forecast to contract by 8.3% in 2020, and grow by 6.1%. (Euronews)

Americans trust governors more than Trump on coronavirus, new poll finds

Americans have significantly more confidence in their governors than in President Donald Trump when it comes to handling the coronavirus, according to new data from an NBC News/SurveyMonkey Weekly Tracking Poll. (NBC News)

UK Jeopardises London Financiers’ Post-Brexit Future in EU, Luxembourg Warns Amid Stalled Talks

The EU and the UK last week missed the deadline for completing a review of each other’s financial services markets, a process that would offer London financiers more certainty over whether they will be able to provide services in the eurozone after Brexit. (Sputnik News)

Hundreds of millions of dollars goes to COVID-19 contractors accused of prior fraud

A San Diego ventilator manufacturer agreed to pay more than $37 million in January to settle a civil lawsuit alleging it defrauded the federal government through illegal kickbacks to suppliers, admitting no guilt. (USA Today)

Colleges Plan to Reopen Campuses, but for Just Some Students at a Time

To provide some semblance of the campus experience, colleges say large chunks of the student body will have to stay away and study remotely. (The New York Times)

Well-Heeled and Connected Got Small Business Loans, Too

Congress designed the Paycheck Protection Program to help small businesses hit by the pandemic, but its $521 billion in loans also went to major law firms, wealth managers and politically connected companies. (The Wall Street Journal)