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World - 2020-05-29
Canada's economy shrank 8.2pc in Q1
Global Business Economy

Canada's economy shrank 8.2pc in Q1

Compared to the final quarter of 2019, the decline was 2.1 percent, Statistics Canada said, adding that the drop in
Published 29 May, 2020 09:51pm
Biden calls for justice for George Floyd
North America

Biden calls for justice for George Floyd

"The very soul of America is at stake," the former vice president said in remarks broadcast online from his Delawar
Published 29 May, 2020 07:42pm
Coronavirus toll at 1100 GMT Friday

Coronavirus toll at 1100 GMT Friday

Many countries are testing only symptomatic cases or the most serious ones. China -- excluding Hong Kong and M
Published 29 May, 2020 01:18pm
Taliban resume talks with Afghan government

Taliban resume talks with Afghan government

Taliban announced resumption of talks with Afghan government Thursday following recent confidence building measures for advancing the peace process such as US President Donald Trump's renewed resolve for military withdrawal, Taliban's unilateral and tempo
Published 29 May, 2020 12:05am
Amazon offers permanent jobs to 125K temp hires
Global Business Economy

Amazon offers permanent jobs to 125K temp hires

Amazon on Thursday said it is offering permanent jobs to 125,000 of the temporary workers hired to handle surging use of its online shopping service due to the pandemic.
Published 29 May, 2020 12:05am
Brazil loses 5m jobs as pandemic slams economy
Global Business Economy

Brazil loses 5m jobs as pandemic slams economy

Brazil shed five million jobs in the first quarter as Latin America's biggest economy felt the first effects of the economic shock caused by the coronavirus pandemic, figures showed Thursday.
Published 29 May, 2020 12:05am
French jobless total surged 22.6 percent in April
Global Business Economy

French jobless total surged 22.6 percent in April

The number of people in France looking for jobs surged in April by 22.6% to a record high as a nationwide coronavirus lockdown shut down swathes of the economy, Labour Ministry data showed on Thursday.
Published 29 May, 2020 12:05am
Kuwait Airways to lay off 1,500 foreign employees
Global Business Economy

Kuwait Airways to lay off 1,500 foreign employees

State-owned Kuwait Airways said Thursday it will lay off 1,500 expatriate employees due to "significant difficulties" caused by the coronavirus pandemic.
Published 29 May, 2020 12:05am
American Airlines to cut 30pc of management staff
Global Business Economy

American Airlines to cut 30pc of management staff

American Airlines will cut 30 percent of its management and support staff in its latest belt-tightening move during the prolonged COVID-19 downturn, the company disclosed Thursday.
Published 29 May, 2020 12:05am
US weekly jobless claims drop, but economic recovery still elusive
Global Business Economy

US weekly jobless claims drop, but economic recovery still elusive

The number of Americans seeking jobless benefits fell for an eighth straight week last week, likely as some people returned to work, but claims remained at astonishingly high levels, suggesting it could take the economy a while to rebound as businesses re
Published 29 May, 2020 12:05am
US issues Palestinian territories security alert

US issues Palestinian territories security alert

The US embassy in Israel issued a security alert for the Palestinian territories on Thursday, amid increased tensions over the Jewish state's plans to annex parts of the occupied West Bank.
Published 29 May, 2020 12:05am
Britain closes embassy in North Korea, evacuates diplomats

Britain closes embassy in North Korea, evacuates diplomats

Britain has shuttered its embassy in North Korea and all its diplomats have left the country, its ambassador said Thursday as Pyongyang maintains strict entry controls to try to prevent a coronavirus outbreak.
Published 29 May, 2020 12:05am
After silence, Trump marks 100,000 virus deaths in US

After silence, Trump marks 100,000 virus deaths in US

President Donald Trump on Thursday marked the "sad milestone" of 100,000 coronavirus deaths in the United States, after his earlier silence prompted criticism that he was failing in his duty to console victims and their loved ones.
Published 29 May, 2020 12:05am
SAS loss deepens
Global Business Economy

SAS loss deepens

Scandinavian airline SAS said on Thursday that its quarterly loss deepened as air travel was devastated by coronavirus lockdowns.
Published 29 May, 2020 12:05am
EasyJet axes almost third of staff on virus fallout
Global Business Economy

EasyJet axes almost third of staff on virus fallout

EasyJet will axe up to 4,500 jobs, or almost one third of its staff, the British no-frills airline said Thursday, as the coronavirus ravages demand for air travel.
Published 29 May, 2020 12:05am
South Korea cuts rates, flags worst year for economy since 1998
Global Business Economy

South Korea cuts rates, flags worst year for economy since 1998

South Korea's central bank cut interest rates to a record low on Thursday as it warned the coronavirus pandemic would be worse for Asia's fourth-largest economy than the 2008 global financial crisis.
Published 29 May, 2020 12:05am