US WEEKLY JOBLESS CLAIMS RISE HIGHER THAN EXPECTATION, TOTAL 870,000

Thu 24 September 2020: 4-week average for initial claims decline from previous week’s revised average The number of people in the US who filed unemployment claims for the first time last week rose to 870,000, according to data released Thursday by the Labor Department. While the market expectation was 840,000 for the week ending Sept. […]

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AIRLINE TRAVEL TREND SHIFTS TOWARD LAST-MINUTE BOOKINGS, DOMESTIC TRIPS: SKYSCANNER

Wed 23 September 2020: Skyscanner says it will take several years before business travel returns to previous levels The air travel market has shifted toward last-minute bookings, one-way flights and more domestic trips as consumers grapple with fast-moving changes due to the coronavirus pandemic, a report from online search and booking site Skyscanner shows. The […]

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PUTIN PROPOSES CONFERENCE ON CORONAVIRUS VACCINE, WANTS STRONGER WHO

Wed 23 September 2020: Russian president offers to provide Sputnik V vaccine free of charge for voluntary vaccination of UN staff MOSCOW -Russian President Vladimir Putin on Tuesday proposed holding an online international conference for countries interested in cooperating in the development of coronavirus vaccines. Speaking at the 75th session of the UN General Assembly […]

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BORIS JOHNSON ANNOUNCES NEW RAFT OF COVID-19 RESTRICTIONS TO CURB SECOND WAVE IN THE UK

Tue 22 September 2020: Measures including home working, limited numbers at weddings, will be applied in England to curb rising infections LONDON – British Prime Minister Boris Johnson announced Tuesday a raft of new measures to stem the tide of rising cases of coronavirus across England. “I’m sorry to say… we’ve reached a perilous turning […]

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PANDEMIC REROUTES SCHOOL BUSES TO HOSPITALS AS OUTBREAK WORSEN IN INDONESIA

Tue 22 September 2020: School bus drivers brave risks, tough work conditions in new role ferrying COVID-19 patients JAKARTA – As the coronavirus outbreak in Indonesia worsens by the day, authorities have been forced to use school buses to transport patients in the capital Jakarta. Luswanto, a 29-year-old school bus driver, has taken hundreds of […]

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US NEEDS $900B ANNUALLY FOR 25 YEARS TO RESTORE PRE-COVID DEBT: CBO

Tue 22 September 2020: Return to pre-pandemic debt levels to require revenue increases, spending cuts totaling $900 billion per year for 25 years If the US wants to restore the nation’s debt to pre-coronavirus levels, it will require spending cuts and revenue increases totaling around $900 billion annually for 25 years, the Congressional Budget Office […]

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