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Coronavirus: US weekly jobless claims hit 6.6 million – BBC News
The number of Americans seeking unemployment benefits has surged for a third week as the economic toll tied to the coronavirus pandemic intensifies.
More than 6.6 million people filed jobless claims in the week ending 4 April, the Department of Labor said.
To shore up the economy, the Federal Reserve said it would unleash an additional $2.3tn in lending.
The deepening economic crisis comes as the number of virus cases in the US soars to more than 430,000.
Over the last three weeks, more than 16 million people have made unemployment claims, as restrictions on activity to help contain the virus force most businesses to close and put about 95% of Americans on some form of lockdown.
“Today’s report continues to reflect the personal sacrifice being made by America’s workers and their families to slow the spread of the coronavirus,” Labor Secretary Eugene Scalia said.
The number of people worldwide who have tested positive has just hit 1.6 million, up from 1.5 the day before. Just as a reminder: on Friday last week, that number was at just under a million.
The worst-hit countries currently are the US (465,329 cases), Spain (153,222), Italy (143,626), France (118,783) and Germany (118,235), China (82,885), Iran (66,220) and the UK (65,872).
China is a bit of an exception here. While it’s the country where the pandemic started, more than 77,600 people have already recovered there. Globally, some 354,000 people have recovered.
Overall, it’s important to remember that all those stats (collected by the Johns Hopkins University) are only the confirmed cases and depend on the level of testing. The actual number is thought to be higher.
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Iran’s state media has said Tehran has “no plans for now to participate” in the second round of negotiations with the US about the …
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Throughout US President Donald Trump’s second term in office, traders have been betting millions of dollars just before he makes major announcements.
The BBC has found a consistent pattern of spikes in trades and finical markets just hours, or sometimes minutes, before the president’s most significant market-moving statements were made public.
Some analysts say it bears the hallmarks of illegal insider trading, whereby bets are made by people based on information that is not available to the general public.
While others say that some traders have become more adept at anticipating the president’s interventions.
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There has been widespread condemnation after an image of an Israeli soldier apparently hitting a statue of Jesus with a …
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President Trump says a US team is heading to Pakistan for further talks with Iran, but has again threatened to strike Iranian power plants and bridges if a deal isn’t reached soon, saying “NO MORE MR. NICE GUYâ in a post on social media.Â
Meanwhile ships have again come to a standstill around the Strait of Hormuz after Iran closed it again.
Watch the latest Iran War briefing from BBC News.
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President Donald Trump says the US Navy will “blockade any and all ships” trying to enter or leave the Strait of Hormuz – a vital shipping route.
It comes after peace talks in Pakistan failed. The US blames Iran for not agreeing to a nuclear deal. Iran says the US failed to gain Tehran’s trust.
Meanwhile, Israel and Lebanon are set to hold their own talks in Washington next week.
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