Friday, 7 Aug 2020

Slowing job growth weighs on Wall St. as focus turns to stimulus

(Reuters) – Wall Street’s main indexes fell on Friday as data showed a sharp slowdown in U.S. employment growth, with investors now looking for signs of another fiscal stimulus bill to revive the economy from a pandemic-driven recession. With the benchmark S&P 500 index now about 1% below its record high, defensive sectors including utilities […]

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Delta wants at least 3,000 flight attendants to take unpaid leave

(Reuters) – Delta Air Lines Inc (DAL.N) will need at least 3,000 of its roughly 20,000 flight attendants to take unpaid leave of four to 12 months,¬†or consider other options, to avoid involuntary furloughs, a person with knowledge of the matter said on Friday. Airlines are suffering their worst crisis in history due to the […]

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U.S. Black-white unemployment rate gap widens again in July

(Reuters) – The gap in the U.S. jobless rate between whites and Blacks widened for a third straight month in July, making the gulf between the races the widest in more than five years, Labor Department data released on Friday showed. The rate for both races fell in July, but the rate for whites dropped […]

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Red paint leaves protesters facing life in jail

Protesters in Utah who splashed paint on a prosecutor’s office could be given life sentences after they were accused of acting as a “gang”. Salt Lake City District Attorney Sim Gill, whose office was targeted by Black Lives Matter marchers issued the charges. Critics, including the city’s mayor, have called the felony charges excessive. The […]

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UN warns of humanitarian crisis after Beirut blast

UN agencies have warned of a humanitarian crisis in Lebanon after Tuesday’s devastating blast in Beirut. Lebanon was already suffering a major economic downturn before the explosion, which left at least 154 people dead, 5,000 injured and 300,000 homeless. The World Food Programme said the damage to Beirut’s port would interrupt food supplies and push […]

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