Tag Archives: COVID-19

Unemployment claims raise bets in battle for aid COVID-19

The United States faces significant long-term economic damage from the coronavirus as lawmakers discuss boosted unemployment benefits amid stubbornly high weekly jobless claims. More than 1 million Americans have filed new claims for unemployment benefits each week for the past four months. Those figures provide a grim backdrop for the …

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DBS CEO Says “Big, Big Challenge” Looms in Global Economy

The economic consequences of the coronavirus pandemic are likely to worsen when authorities begin to reverse aid measures, and banks could experience “much more damage” to their balance sheets, said Piyush Gupta, executive director of the Singaporean bank DBS group. Speaking to Christine Tan, CNBC presenter “Managing Asia,” Gupta said …

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