BUCHAREST – The number of Americans filing claims for unemployment benefits shot to record of more than 3 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs that likely brought an end to the longest employment boom in U.S. history.
Initial claims for unemployment benefits rose to 3.28 million in the latest week from a revised 282,000 the previous week, eclipsing the previous record of 695,000 set in 1982, the U.S. Labor Department said on Thursday. Economists polled by Reuters had forecast claims would rise to 1 million, but estimates had ranged to as high as 4 million.
The Seychelles is taking the bold step of banning all cruise ship tourism through the end of 2021 as a measure to prevent the spread of the COVID-19. The East Arica island nation’s largest, the Seychelles Nation, reports that Didier Dogley, the country’s Minister for Tourism, Civil Aviation, Ports and Marine, made the decision. According … Continue reading TRAVEL | Seychelles Bans Cruise Ships Through 2021 To Prevent Covid-19 Spread
LONDON – Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPEC+ sources familiar with the meeting’s preparations told Reuters on Sunday. Algeria, which currently holds the presidency of the Organization of Petroleum Exporting Countries (OPEC), has … Continue reading BUSINESS NEWS | Russia Has No Objection To Earlier OPEC+ Meeting: Sources
LONDON – Six times Formula One motor racing champion Lewis Hamilton has criticized his sport for its silence on the killing of George Floys, an unarmed black man who died after a white U.S. police officer knelt on his neck. The death in Minneapolis triggered a wave of outrage and violent protests in the United … Continue reading SPORTS NEWS | Hamilton Criticizes F1 For Staying Silent On Floyd Death