India’s domestic passenger vehicle sales in July dived at the steepest pace in nearly two decades, an auto industry body said on Tuesday, as a financing crunch deepened a crisis in the country’s autos sector and triggered large-scale job losses.
US employers maintained a robust pace of hiring in February, giving the economy a strong boost as it confronts the coronavirus outbreak that has stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.
The Business Registration and Licencing (BRL) sector of the Department of Economic Development (DED) Dubai has issued 4,459 new licences in February 2020 that created 11,877 jobs.
Share markets across the world fell on Thursday as nerves over jobs data likely to lay bare the economic carnage from the coronavirus pandemic outweighed a $2 trillion US stimulus package.
Australia will spend A$130 billion ($79.85 billion) to subsidise the wages of an estimated 6 million people, marking a third tranche of stimulus designed to limit the fallout of the coronavirus pandemic on the country’s economy.
Never have I been so grateful to have this column. It is literally the only work I have at the moment; I’m typing really slowly to make it last. Overnight, I have gone from every single moment of my day being dominated by work, travelling,
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.