WASHINGTON (Reuters) – Weak demand is forcing American employers to lay off workers, keeping new claims for unemployment benefits extraordinarily high, even when companies have reopened, confirming views that the job market could take years to recover from the COVID-19 pandemic. FILE PHOTO: People line up in front of a …
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WASHINGTON (Reuters) – The coronavirus pandemic has caused more extensive and profound damage to economic activity than previously thought, the International Monetary Fund said Wednesday, prompting the institution to further cut its global output forecasts by 2020. The IMF said it now expects 2020 global output to shrink by 4.9%, …
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(Reuters) – Aurora Cannabis (ACB.TO) (ACB.N) announced a new round of staff cuts on Tuesday and plans to close five facilities in the next two quarters as the COVID-19 pandemic strikes the cannabis industry. FILE PHOTO: The logo for Aurora Cannabis Inc., a Canadian licensed cannabis producer, is displayed on …
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NEW YORK (Reuters) – United States President Donald Trump suspended the entry of certain foreign workers Monday through the end of the year, a move the White House said would help the coronavirus-battered economy, but which is strongly opposed by business groups. The effects of the proclamation may not be …
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