U.S. weekly jobless claims blow past 6 million as coronavirus lockdowns spread

WASHINGTON — The number of Americans filing claims for unemployment benefits shot to a record high of more than 6 million last week as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession. Read More More: https://ift.tt/2xIbMto

-Thousands of U.S. banks may sit out small-business rescue plan on liability worries -sources

WASHINGTON — Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal government’s small-business rescue program due to concerns about taking on too much legal and financial risk, five people with direct knowledge of industry discussions told Reuters. Read More More: https://ift.tt/2UEj6iW

“We haven’t been treated the same”: CUPE Airline Workers Call for Immediate Financial Support and Access to Benefits

TORONTO — Yesterday, on April 1, flight attendants and flight directors, members of the Toronto Base of Air Transat, CUPE Local 4047, made their final repatriation flights, bringing Canadians back to the country due to the pandemic. The 740 members in Toronto, who are being laid off on April 5, are currently voting on a […]

Hungary, eager for loan, wants to classify details of Budapest-Belgrade Chinese rail project

BUDAPEST — Hungary wants to classify all data included in contracts for the $2.1 billion, tax-payer funded Budapest-Belgrade rail project for ten years, according to draft legislation, to ensure a loan deal is signed “as soon as possible.” Read More More: https://ift.tt/2XelJK3

The Emotional Evolution of Quarantine, as Told by My Instagram Bookmarks

Until two and a half weeks ago, my “saved” folder on Instagram told the indisputable tale of someone planning a wedding. It overflowed with images of long tables lined with colorful flower arrangements, bridal looks from old runway shows, hair #inspo, vintage stamps, registry fodder, no-makeup makeup, invitation suites, and candid shots of newlyweds obscured […]

Asia Rice-Thai rates bounce to 7-yr high as virus limits exports from other hubs

BENGALURU — Thai rice export prices soared to their highest in seven years this week on expectations of a sales boost after top exporter India went into a lockdown to curb the spread of the coronavirus and main rival Vietnam temporarily banned new export contracts. Read More More: https://ift.tt/2R5imBg

Alibaba’s Lazada briefly stops new grocery orders in Singapore

https://ift.tt/eA8V8J Singapore’s government urged residents to consider ordering their groceries online rather than going to the shops. That just became tougher.Alibaba Group Holding’s Lazada Group, Southeast Asia’s leading e-commerce services provider, is temporarily suspending new grocery orders in Singapore after strict physical distancing measures and rising coronavirus cases triggered a surge in orders. Alibaba is […]

William Watson: Don’t give up on open markets and free enterprise just yet

Now, with the virus about to hit us full strength, is not the time to start pointing fingers about how we might have prepared differently or better. Our preparations are being completed. Our strategy is in place. We have chosen a comprehensive lockdown. The vast majority of Canadians are complying. Maybe history will decide another […]

Economists forced to rework projections as hopes for quick end to shutdown vanish

Economists and analysts at some of the country’s biggest financial institutions are reworking their projections for the economic fallout from the novel coronavirus pandemic after the government suggested closures of non-essential businesses were likely to last until July. Read More More: https://ift.tt/3dQfyBp

“We Are Exposed” CUPE Health Care Members Protest as Government Inaction Starves Hospitals and Long-Term Care Homes of N-95 Masks

TORONTO — A new Ontario government policy that gives access to full COVID-19 protection – including N95 masks – to some health care workers while excluding others is “cruel and unfair”, say hospital and long-term care (LTC) workers, represented by the Canadian Union of Public Employees (CUPE). Read More More: https://ift.tt/39CrjIk