Economic Output
U.S. job growth slows; nearly 4 million Americans permanently unemployed
WASHINGTON (Reuters) – U.S. employment growth slowed more than expected in September and over 300,000 Americans lost their jobs permanently, dealing a potential blow to President Donald Trump ahead of the fiercely contested Nov. 3 presidential election. FILE PHOTO: A view shows signs in the windows of Lord & Taylor, advertising a store closing sale, …
Anti-racism protests undoubtedly increase risk of coronavirus spread -UK health minister
LONDON, June 7 (Reuters) – Anti-racism protests attended by thousands of people in London and other major British cities “undoubtedly” risk causing an increase in the number of COVID-19 cases again, British health minister Matt Hancock said on Sunday. Thousands of people attended protests on Saturday to voice their anger at police brutality after the …
UK coronavirus deaths rise above 11,000, government grapples with economic toll
LONDON (Reuters) – The death toll from COVID-19 in British hospitals rose to 11,329 on Monday as the government – without its recuperating leader Boris Johnson – faced questions over its handling of the outbreak and the impact on the economy. Finance minister Rishi Sunak has told colleagues Gross Domestic Product could shrink by up …
EU nears deal on coronavirus package as Germany puts its foot down
BRUSSELS (Reuters) – Prospects for a European Union deal on a package to support its coronavirus-battered economies brightened on Thursday as Germany put its foot down to end opposition from the Netherlands and to reassure Italy that the EU would show it solidarity. FILE PHOTO: Italian Prime Minister Giuseppe Conte addresses the Senate, the upper …
Italy coronavirus death toll surges past 10,000; lockdown extension likely
MILAN (Reuters) – The death toll from an outbreak of coronavirus in Italy barrelled past 10,000 on Saturday, a figure that made an extension of a national lockdown almost certain. Officials said 889 more people died in the previous 24 hours, the second highest daily tally since the epidemic emerged on Feb. 21, and that …
U.S. job growth seen accelerating, rate cut still expected
WASHINGTON (Reuters) – U.S. job growth likely rebounded in June, with wage gains expected to pick up, but that would probably not be enough to discourage the Federal Reserve from cutting interest rates this month amid growing evidence the economy is slowing. FILE PHOTO: A “Now Hiring” sign sits in the window of Insomnia Cookies …
