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Grim and getting worse: US set for historic unemployment surge

Washington, United States | AFP | Like a global tsunami, the coronavirus pandemic has caused a huge loss of life and taken a massive economic toll. In the US economy, skyrocketing unemployment is the most-visible sign of the devastation: almost overnight, at least 30 million workers lost their jobs. The April …

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UK could start easing virus lockdown next week: PM

London, United Kingdom | AFP | British Prime Minister Boris Johnson said Wednesday he could begin to ease a nationwide coronavirus lockdown next week, but warned he would do nothing that would risk a new surge of cases. He was speaking the day after Britain overtook Italy to become the worst-hit …

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Merkel gives go-ahead for Bundesliga to resume in mid-May

Berlin, Germany | AFP | German Chancellor Angela Merkel and state leaders on Wednesday gave the Bundesliga the green light to restart behind closed doors from mid-May after weeks of shutdown imposed to control the spread of the coronavirus. The political blessing makes the German top-flight the first of Europe’s five …

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Germany eyes accelerated return to normality

Berlin, Germany | AFP |  Germany is eyeing an almost complete return to normality in May, with plans to send all pupils back to school and to restart the top-flight football Bundesliga, according to a draft agreement seen by AFP Wednesday. “Even after initial steps to open up were introduced from …

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US trade deficit widens in March on record export drop

Washington, United States | AFP | US exports plunged 9.6 percent in March — the biggest monthly decline on record — increasing the trade deficit to $44.4 billion as the coronavirus pandemic disrupted global commerce, according to government data released Tuesday. While widespread business shutdowns in the United States did not …

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