TOKYO (AP) – Asian stocks fell on Friday when reports showed layoffs of US workers persist at high levels after the US economy contracted at an annual rate of nearly 33% in the spring, the worst quarter on record. The earnings reports, an indicator of how well companies are handling …
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Reuters Eurozone GDP fell 12.1% in the second quarter, its biggest decline in history. This is significantly higher than the contraction of the Eurozone GDP of 3.6% from 3.6% Spain was the most affected country, with a decrease of 18.5% compared to the previous quarter. The European Union closed a …
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California lawmakers questioned state labor officials Thursday amid mounting concerns about the government’s inability to pay unemployment claims that skyrocketed amid widespread trade closings, and learned that decades-old technologies underpin the payment system. During a state legislative hearing on Thursday, the Employment Development Department was portrayed as inept and insensitive …
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Chinese President Xi Jinping addresses the opening ceremony of the fifth annual meeting of the Asian Infrastructure Investment Bank via video link in Beijing, capital of China, on July 28, 2020. Xinhua News Agency | fake pictures Chinese President Xi Jinping on Tuesday affirmed his country’s commitment to work with …
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People wait for their numbers to be called at an unemployment event in Tulsa, Oklahoma on July 15, 2020. Nick Oxford photo for The Washington Post via Getty Images 93% drop Americans began receiving an additional $ 600 a week in April as a result of a federal coronavirus relief …
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