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by Beiyi SEOW ZHENGZHOU, China (AFP ) — Biology student Ma Jingjing wandered the hall of a job fair in central China among other young Chinese hoping to find work in an economy crushed by the coronavirus pandemic. Ma, 26, is one of almost nine million people graduating and entering the job market this year at a time of great uncertainty, an issue that has the ruling Communist Party worried to the point that President […]
by Jocelyne ZABLIT Agence France Presse LOS ANGELES, United States (AFP) — For Gabriel Gordon and his wife Lena, the small restaurant they opened 14 years ago in the coastal California town of Seal Beach was a dream project and the cornerstone of their future success. But this weekend, Beachwood BBQ, which had become a staple in the community, permanently shut down — yet another casualty of the carnage the coronavirus pandemic has unleashed on […]
WASHINGTON, United States (AFP) — Claims for government benefits by newly unemployed American workers rose to 1.42 million last week, the Labor Department said Thursday, reversing weeks of declines as coronavirus cases skyrocket nationwide. The increase defied analysts’ expectations of another weekly decrease in new claims, which spiked in March as US businesses shut down to stop the spread of coronavirus put have been dropping since. Adding to the toll were the 974,999 people in […]
SEOUL, South Korea (AFP) — South Korea’s economy recorded its worst performance in more than 20 years in the second quarter, the central bank said Thursday, as the coronavirus pandemic hammered its exports. Asia’s fourth-largest economy contracted 2.9 percent year-on-year in the April-June period, the Bank of Korea said. It was the fastest decline since a 3.8 percent drop in the fourth quarter of 1998, in the aftermath of the Asian financial crisis. Quarter-on-quarter, it […]
by Aziz EL MASSASSI DUBAI, United Arab Emirates (AFP) — Mustafa, a hipster Pakistani graphic artist, has a month to find a new job or be forced to leave Dubai among an exodus of expatriates whose futures have been up-ended by coronavirus. The United Arab Emirates (UAE) — made up of seven sheikdoms including the oil-rich capital Abu Dhabi and freewheeling Dubai — has become a hub for young professionals and a safe haven in […]
SINGAPORE, Singapore (AFP) — Singapore plunged into recession in the second quarter as growth fell 41.2 percent quarter-on-quarter with the trade-dependent economy hammered by the coronavirus, preliminary data showed Tuesday. Year-on-year, the economy shrank 12.6 percent between April and June, according to the data from the trade ministry, as strict curbs were imposed to fight the virus. It marks the second consecutive quarter of contraction, meaning that the city state — which has one of the […]
by Roland JACKSON LONDON, United Kingdom (AFP) — The British government will on Wednesday unveil a mini-budget to kickstart economic growth after the coronavirus shutdown, with a jobs scheme for young people and investment in infrastructure among the big ticket measures. Britain has suffered Europe’s deadliest outbreak of COVID-19 and a nationwide shutdown led to the worst economic contraction among the G7 leading industrialized states. In a statement to parliament at 1130 GMT, finance minister […]
(Eagle News) – President Rodrigo Duterte said that the country should be “very circumspect” in reopening the economy as the COVID-19 virus continues to infect many while there is no vaccine in sight. In his talk to the nation at past 1 a.m. on Wednesday, July 8, the President said that opening the entire Philippines would mean thousands more being infected and will put the country in a more dire economic situation. While recoveries […]
SANTIAGO, Chile (AFP) — Chile recorded 10,159 coronavirus deaths on Sunday, as President Sebastian Pinera announced a $1.5 billion aid package to help the middle class, which has been battered by the economic crisis. The death toll is compiled weekly by the Department of Statistics and Health (DEIS) and is considered to be the most accurate for reporting COVID-19 deaths by test results or by symptoms. According to Sunday’s report, there were 7,057 deaths […]
HPAKANT, Myanmar (AFP) — The battered bodies of more than 160 jade miners were pulled from a sea of mud after a landslide in northern Myanmar on Thursday, after one of the worst-ever accidents to hit the treacherous industry. Scores die each year while working in the country’s lucrative but poorly regulated jade trade, which uses low-paid migrant workers to scrape out a gem highly coveted in China. The disaster struck after heavy rainfall pounded […]
by Chris Stein WASHINGTON, United States (AFP) — The ailing US economy is likely to receive good news Thursday in the government’s June employment report, but surging virus cases could reverse the tentative recovery. The coronavirus pandemic since mid-March has cost more than 22 million US jobs — and as many as 45 million — as businesses were closed to prevent the spread of COVID-19 infections. But amid massive government support the economy regained 2.5 […]
YANGON, Myanmar (AFP) — The bodies of at least 100 jade miners were pulled from the mud after a landslide in northern Myanmar on Thursday, in one of the worst ever accidents to hit the perilous industry. Scores die each year while working in the country’s lucrative but poorly regulated jade industry, which uses low-paid migrant workers to scrape out a gem highly coveted in China. The disaster struck after an early bout of heavy […]
