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Lyft reports dramatic revenue drop of 61% but points to uptick in rides in July

Ride-hailing company Lyft reported results for the period ending June 30, 2020, its first full quarter during the Covid-19 pandemic.
The company just beat analysts’ expectations with losses per share of 86 cents (adjusted) and revenue of $339 million.
Wall Street was expecting losses of 99 cents per share (adj.) and revenue of $336.8 million for the quarter, according to a consensus of analysts surveyed by Refinitiv.

Beirut death toll rises to at least 135 as explosion is blamed on 2,750-ton ammonium nitrate stash

The explosion, which blew out windows and destroyed property for miles around, has been initially blamed on 2,750 tons of ammonium nitrate stored in an unsecured warehouse at Beirut’s cargo port.
But the government subsequently announced an investigation to determine within five days the exact cause of the explosion and “who was responsible.”
The immediate crisis in homelessness, health, overwhelmed medical services and destroyed property and businesses comes on top of an already crippled economy, the coronavirus pandemic and regional tensions.

XRP loses 10% as cryptocurrency market struggles

XRP, the third-largest cryptocurrency by market capitalization, has lost a further 10.14% in the last day to fall back to just $0.273.

Today marks the third consecutive day of losses for the cryptocurrency, which fell from a 2020 peak of over $0.343 down to its current value—equivalent to a loss of almost 19% in less than three days.

IMF announces $50 billion program to fight coronavirus outbreak

Most of the money will be interest-free, and countries do not need to have a preexisting program with the IMF to participate, Kristalina Georgieva said.
“We’re in an early stage of engagement, but I can assure you that we will act very quickly as requests come,” Georgieva said.
There are more than 90,000 confirmed cases of the coronavirus around the world, and the outbreak has spread to six continents.

A fiasco in the making? As the coronavirus pandemic takes hold, we are making decisions without reliable data

At a time when everyone needs better information, from disease modelers and governments to people quarantined or just social distancing, we lack reliable evidence on how many people have been infected with SARS-CoV-2 or who continue to become infected. Better information is needed to guide decisions and actions of monumental significance and to monitor their impact.