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Croatia's ruling HDZ set to win parliamentary vote: exit poll - Reuters
Submitted 5 day(s) ago by system

Croatia's ruling centre-right Croatian Democratic Union (HDZ) is set to win a parliamentary election on Sunday, held at a time of rising coronavirus infections and a sharp economic downturn due to the pandemic, a state television exit poll showed.

UK's top senior civil servant steps down as Johnson adviser seeks change - Reuters
Submitted 11 day(s) ago by system

Britain's most senior civil servant stepped down on Sunday after reports of clashes with Prime Minister Boris Johnson's top political adviser, part of what is expected to be a wider shake up of officials at the heart of power.

Boeing supplier Spirit announces layoffs due to virus, 737 MAX impacts - Reuters
Submitted 30 day(s) ago by system

Aircraft parts maker Spirit AeroSystems Holdings Inc announced on Wednesday a 21-day layoff for staff doing production and support work for Boeing Co's 737 program.

U.S. manufacturing activity crawls off 11-year low - Reuters
Submitted 39 day(s) ago by system

U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.

China's May factory activity cools as weak demand curbs output - Reuters
Submitted 40 day(s) ago by system

China's factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened, pointing to an uneven recovery in the world's second-largest economy as businesses emerge from coronavirus-led shutdowns.

Great Depression-like U.S. job losses, unemployment rate expected in April - Reuters
Submitted 63 day(s) ago by system

The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.

Airbus warns staff on jobs with its 'survival at stake' - Reuters
Submitted 75 day(s) ago by system

European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis, telling the company's 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action.

UK at 'dangerous' stage, no lockdown exit strategy in sight - Reuters
Submitted 75 day(s) ago by system

Britain's stand-in leader resisted pressure on Sunday to explain how the government plans to ease a coronavirus lockdown that has been in place for a month, warning that hasty action could result in a second peak of infections.

U.S. weekly jobless claims seen hovering near record highs - Reuters
Submitted 93 day(s) ago by system

The number of Americans seeking unemployment benefits in the last three weeks likely totaled a staggering 15 million as tough measures to control the novel coronavirus outbreak abruptly ground the country to halt, which would cement views the economy was in deep recession.

Trump says he may take drug to treat coronavirus, questions states' ventilator needs - Reuters
Submitted 97 day(s) ago by system

President Donald Trump on Saturday doubled down on his support for a drug that is still being tested to treat the coronavirus, saying he might take the medicine himself and encouraging others with doctor approval to do the same.

U.S. weekly jobless claims seen at record high: again - Reuters
Submitted 100 day(s) ago by system

The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.

U.S. braces for record surge in jobless claims amid coronavirus fallout - Reuters
Submitted 106 day(s) ago by system

The number of Americans filing claims for unemployment benefits likely raced to as high as a record 4 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs.

UK braces for coronavirus shut down as London stations close - Reuters
Submitted 114 day(s) ago by system

The United Kingdom was bracing on Thursday for the virtual shut down of London as underground train stations across the capital closed and Prime Minister Boris Johnson mulled tougher measures to tackle the coronavirus crisis.

American Airlines cutting international flights by 75% amid demand collapse - Reuters
Submitted 118 day(s) ago by system

American Airlines Inc said Saturday it plans to cut 75% of its international flights through May 6 and ground nearly all its widebody fleet, as airlines respond to the global collapse in travel demand due to the coronavirus pandemic.

Fragile safety net leaves U.S. economy vulnerable to coronavirus hit - Reuters
Submitted 128 day(s) ago by noklpopl

The spreading coronavirus outbreak poses a double-barreled threat to U.S. workers who face not only the prospect of lost wages if they are forced to stay home during a quarantine but also a fragile safety net to fall back on during such a crisis.

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