Claims for weekly employment gained momentum last week after filings were caught with a reduction as part of the weekly nxgiving holiday. The total number of first-time claims for unemployment insurance was 853,000 a week, up from a total of 116,000 a week earlier, the Labor Department said on Thursday. …
Read More »Chinese state-owned companies are in trouble. It can harm global recovery
According to Fitch Ratings, state-owned companies defaulted on bonds worth a record 400 billion yuan (1 1.1 billion) between January and October. That’s almost as much as the last two years combined. The problem has only gotten worse in recent weeks. Inclusion of large companies – including BMW’s (BMWY) China’s …
Read More »People with anaphylaxis history should not take Pfizer covid shots in the United Kingdom
The UK’s medicine regulator says anyone with a history of anaphylaxis for medication or food should not take the Pfizer-Bioentech vaccine, which extends its guidance on allergy warning about shots, the first approval against COVID-19. “Anyone with a history of anaphylaxis for a vaccine, drug or diet should not take …
Read More »The restaurant industry is losing jobs for the first time since April amid the Covid ban
A masked waiter outside the Da Gennaro rest restaurant rent in Little Italy on November 15, 2020 in New York City. Alexei Rosenfeld | Getty Images New restrictions to fight the coronavirus epidemic led to the loss of jobs in the restaurant industry for the first time since April due …
Read More »Virus keeps Black Friday crowds thin, shoppers shift online to online
NEW YORK (AP) – The ragging coronavirus epidemic kept crowds at malls and stores across the country thin on Black Friday, but retailers struggled after months of boom in online sales and a boom in online sales. In normal times Black Friday is the busiest shopping day of the year, …
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