WASHINGTON (AP) – Just over 1 million Americans applied for unemployment benefits last week, a sign that the outbreak of the coronavirus continues to threaten jobs, as well as the housing market, car sales and other segments of the economy recover from a spring collapse . The Labor Department reported …
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TOKYO (AP) – Japan’s economy shrank in April-June at an annual rate of 27.8%, the worst contraction on record since the coronavirus pandemic hit consumers and traders, according to government data released Monday . The Cabinet Office reported that Japan’s preliminary seasonally adjusted real gross domestic product, as GDP, the …
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WASHINGTON (AP) – A top official at the Federal Reserve criticized the decision by many states to open businesses this spring before the virus came under full control, saying these choices have hindered an economic recovery in the US Eric Rosengren, president of the Federal Reserve Bank of Boston, said …
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Investors in Turkey are no strangers to volatility, which has plagued one of the Middle East’s largest economies for years. But not everyone can surround this time. De lira tumbled until Friday a record low, even though the central bank has spent billions in the past year to clean up. …
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