An experiment giving 2,000 unemployed an unconditional, tax-free payment every month created happier citizens but failed to markedly increase employment levels, Finnish researchers said on Wednesday.
US private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last month.
Sri Lanka's central bank cut interest rates by 50 basis points Wednesday in a bid to revive a sluggish economy reeling from the coronavirus pandemic and the 2019 Easter bomb attacks.
India's key services sector plummeted last month, data showed Wednesday, indicating a severe slowdown across Asia's third-largest economy which has been under a lockdown for six weeks to tackle coronavirus.
Britain's construction sector suffered a record drop in activity during April as the coronavirus pandemic shut sites, data showed Wednesday alongside news of surging food sales at online supermarket Ocado.
A 6.8 magnitude earthquake jolted a remote part of eastern Indonesia late Wednesday, the United States Geological Survey said, but there was no tsunami warning issued and no immediate reports of damage. The undersea quake struck at a depth of some 107 kil
US Secretary of State Mike Pompeo on Wednesday renewed his widely contested charge that the coronavirus pandemic likely originated in a Chinese laboratory, but acknowledged there was no certainty.