Airlines around the world said they would make more drastic cuts to their flying schedules, shed jobs and seek government aid after countries further tightened border restrictions because of the fast spreading coronavirus.
World stock markets enjoyed a second day of sharp gains on Tuesday as signs of progress against the coronavirus in both Europe and the United States and some more liberal helpings of stimulus kept investors charging back in.
The trillions of dollars in cash and loans unleashed by the Federal Reserve and US political leaders in recent weeks is meant to build a financial bridge for the country to get beyond the coronavirus pandemic and restart the economy with little or no long-term damage.
"Nobody will hire us anymore," said the 28-year-old, who lost his restaurant job a few months ago. He racked up hundreds of dollars in debt at the local minimarket getting food before the owner said he could borrow no more.
COVID-19 is making everybody pay, but it is making the poor pay more. Weeks ago an Angolan broke all the rules of lockdown. He left us stunned, but he was right. He said hunger would kill him before the coronavirus, therefore, he was out on the road looking for job and food.
The number of Americans filing for unemployment benefits because of the coronavirus has soared past 30 million, worsening a crisis unmatched since the 1930s and turning up the pressure on political leaders to lift restrictions that are choking the economy.
Five hundred fifty-three of 598 Filipinos in Dubai and the Northern Emirates (DNE) who had opted for the assessment of their respective technical/vocational skills by authorized Manila officials during the five-day UAE National Day celebrations have been certified and are now qualified to seek better jobs and employment.
US job growth accelerated in November as striking workers returned to General Motors’ (GM) payrolls. According to financial analysts, the country’s economy remained on a moderate expansion track despite a prolonged manufacturing slump.
The Human Resources Development Committee in the banking and financial sector adopted the Emiratisation points system in the banking and insurance sectors with the aim of raising Emiratisation