Unemployment

Asia

Powell: Economy will not be confident until world is vaccinated | Banks News

Viruses do not respect borders, and until the world is fully vaccinated against the coronavirus, the global and United States…

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Latin America

US jobless claims rise to 744,000 as layoffs continue | Business and Economy News

Jobless claims remain stubbornly high by historical standards: Before the coronavirus pandemic erupted, weekly applications typically remained below 220,000 a…

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Asia

‘Vaccine policy is economic policy,’ IMF chief stresses | Business and Economy News

Both the IMF managing director and World Bank president expressed alarm over growing global economic inequality on Wednesday after a…

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Middle East

US small businesses urge policymakers to curtail Amazon’s power | Bankruptcy News

Small Business Rising, which represents grocers, hardware stores, pharmacies and bookstores, said it aims to reinvigorate United States antitrust enforcement,…

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Africa

Race to the bottom: Yellen makes case for global minimum tax rate | Business and Economy News

A global minimum corporate tax rate can help ensure everyone pays their fair share and will prevent companies from fleeing…

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Latin America

Spain to see if workweek can be four days without harming economy | Business and Economy News

Spain is about to ask hundreds of companies to join in one of the biggest-ever tests of whether a four-day…

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Asia

US added 916,000 jobs in March, but COVID uptick may offset gains | Business and Economy News

The United States economy added 916,000 jobs in March, edging the unemployment rate down to 6 percent for the first…

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Asia

Biden says his infrastructure plan would create 19 million jobs | Business and Economy News

Biden’s $2.25 trillion American Jobs Plan aims to update the United States’ physical and technological infrastructure and address long-standing economic…

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Latin America

US jobless claims unexpectedly rise as COVID recovery continues | Coronavirus pandemic News

New claims for state unemployment benefits in the United States rose by 61,000 for the week ending March 27, but…

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Asia

Working from home likely to continue beyond pandemic: UK survey

Majority of firms surveyed are developing a hybrid work model in which staff spend only some of their time in…

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Africa

Indian states tussle to retain jobs as economy slows | Unemployment News

Millions of jobs were lost during last year’s lockdown, dealing a blow to Modi’s promise of creating employment. A short…

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Asia

Biden plans to up corporate tax rates to fund infrastructure boom | Business and Economy News

The corporate tax-cut party President Donald Trump kicked off will soon be over if his successor proves able to enact…

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Africa

Spring ahead: US adds most jobs in six months as COVID curbs ease | Coronavirus pandemic News

Private company payrolls increased by 517,000 in March, according to ADP Research Institute data released Wednesday. U.S. private employers in…

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Asia

COVID sets gender parity back by a generation, report finds | Business and Economy News

The coronavirus pandemic has widened the gender gap by a generation and closing it will take concerted efforts by policymakers…

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Europe

Should vaccine makers give away patents to speed up rollout?

Vaccination is crucial to get a quarter of a billion people who lost their jobs during the pandemic back into…

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Latin America

US consumer spending and incomes fall, but rebound is expected | Business and Economy News

Both consumer spending and personal incomes are expected to rebound in March as Americans receive stimulus cheques. Consumers’ spending and…

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Africa

Get in boats & go: Powell likens Fed’s COVID response to Dunkirk | Business and Economy News

Federal Reserve Chairman Jerome Powell compared the Fed’s actions taken in the early US pandemic days to British World War…

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Middle East

US weekly jobless claims fall to pandemic-era low | Coronavirus pandemic News

The number of Americans seeking unemployment benefits fell sharply last week to 684,00 from 781,000 the week before. The number…

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Africa

Upbeat on US economy, Yellen and Powell say more must be done | Business and Economy News

Both US Treasury Secretary Janet Yellen and Fed Chair Jerome Powell on Tuesday warned that the economy still needs more…

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Europe

Tax the rich: Will Biden make good on his campaign promise? | Business and Economy News

President Joe Biden’s economic team at the White House is determined to make good on his campaign pledge to raise…

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Africa

Powell: ‘We’ll emerge from this crisis stronger and better’ | Banks News

Fed chief pens essay for WSJ reassuring that the US central bank will continue to do whatever it takes to…

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Europe

US jobless claims jump to 770,000 despite reopenings | Business and Economy News

The number of Americans seeking unemployment benefits rose last week to 770,000 from 725,000 the week before. The number of…

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Africa

UN lifts 2021 economic growth forecast on COVID recovery hopes | Business and Economy News

The United Nations has raised its forecast for global economic growth in 2021 as governments step up COVID-19 vaccination programmes…

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Europe

The Fed boosts its forecast for US economic growth this year | Business and Economy News

The Federal Reserve on Wednesday upgraded its forecast for US economic growth this year to 6.5 percent – a sharp…

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Europe

COVID: Year without income leaves Broadway stars scrambling | Arts and Culture News

A year ago, Max Kumangai was dazzling crowds with a jolt of live Broadway excitement, performing in New York City’s…

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Middle East

US jobless claims fall to 712,000 as recovery picks up pace | Business and Economy News

Though the US job market has been slowly strengthening, many businesses remain under pressure, and 9.6 million jobs remain lost…

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Latin America

Willing to risk it: US entrepreneurs launch half a million firms | Business and Economy News

The number of new businesses started between March 11, 2020 and March 1 of this year is 14 percent lower…

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Middle East

Poll: Four in 10 Americans still feel economic pain of pandemic | Business and Economy News

Roughly four in 10 Americans say they’re still feeling the financial impact of the loss of a job or income…

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Asia

Yellen, Georgieva urge more women to consider career in economics | Coronavirus pandemic News

The coronavirus pandemic has disproportionately affected women and threatens to reverse decades of progress towards gender equity, including in the…

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Asia

Wealthy Americans fare better in the pandemic, new survey shows | Coronavirus pandemic News

The coronavirus pandemic has exacerbated economic inequalities across race, ethnicity and education levels, a new survey by Pew Research Center…

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Europe

US stimulus saga, ‘Buttergate’ and Minnesota’s wilderness battle | Business and Economy News

It’s been a busy week of business headlines and economic news, but if you’ve been too busy looking out the…

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Asia

US economy adds 379,000 jobs in February | Business and Economy News

The US economy added 379,000 jobs in February as the nation’s labour market picked up steam after a brutal December.…

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Africa

China sets modest 6% economic growth target amid COVID rebound | Business and Economy News

Expected 2021 growth rate is far below what economists are forecasting as Beijing aims for more sustainable development. China has…

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Europe

EU wants employers to disclose wages to close gender pay gap | Business and Economy News

Wage scales in Europe have long been shrouded in secrecy, which has helped perpetuate gender inequality on the continent. The…

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Africa

Layoffs in the US are still high, but the trend spells recovery | Business and Economy News

The United States labour market still has a long way to go to recover its pre-pandemic strength,  and though the…

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Europe

Disney downsize: Company plans to close 20 percent of shops | Entertainment News

The company will close 60 of its North American shops and is considering shuttering its European retail outlets as more…

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Africa

India’s economic recovery on track as COVID crisis slowly ebbs | Business and Economy News

The finance ministry said GDP data reflects a V-shaped recovery but also warned that India is not yet past the…

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Latin America

US senators mull tax hike for firms without $15 minimum wage | Business and Economy News

Two Senate committee chiefs are looking at ways to raise taxes on companies paying workers less than $15 an hour,…

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Africa

GameStop has deja vu, Iraq reflects on oil and Martian winds blow | Business and Economy News

It’s the final week of February, and if you’re anxiously awaiting those first little signs of spring, you’re not alone.…

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Europe

US jobs market shows signs of improvement but challenges ahead | Business and Economy News

Fewer people in the United States filed new claims for unemployment benefits last week amid falling COVID-19 infections but the…

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Europe

Fight for $15: US retailer Costco raises its hourly wage to $16 | Coronavirus pandemic News

The majority of Americans support the idea of more than doubling the minimum wage to $15 per hour, a new…

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Asia

Yellen backs new allocation of IMF’s currency to aid in recovery | Government News

The global economy is at risk of a ‘dangerous and permanent divergence’, the secretary of the US Treasury warned G20…

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Latin America

US CEOs, including Trump supporters, push for Biden’s $1.9T plan | Business and Economy News

Business executives from multiple industries sent a letter to US Congressional leaders on Wednesday urging them to pass Biden’s COVID-19…

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Europe

Snap back? US consumer confidence rises as COVID cases drop | Business and Economy News

United States consumer confidence increased in February, with households slightly more upbeat about the labour market amid declining new COVID-19…

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