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Author Archives: Top News Editor

U.S. Initial Jobless Claims Spike To New Record High

After reporting a substantial increase in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing another spike in jobless claims in the week ended March 28th. Read Full Story

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Dollar Gains Against Peers

The U.S. dollar stayed firm against most of its peers on Wednesday amid fears of an imminent deep recession due to the impact of the rapidly spreading coronavirus pandemic. Read Full Story

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UK Manufacturing Contracts On Covid-19 Disruption

UK manufacturing activity contracted in March due to the outbreak of the coronavirus, or Covid-19, and the subsequent mitigation efforts, the final survey data from IHS Markit showed Wednesday. The IHS Markit/Chartered Institute of Procurement & Supply factory Purchasing Managers’ ...

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Eurozone Unemployment Rate Lowest Since March 2008

Euro area jobless rate unexpectedly eased to its lowest level since in over a decade in February, just ahead of the announcement of coronavirus pandemic containment measures in several countries in the region. The jobless rate fell to 7.3 percent, ...

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