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Paris to go back into lockdown at the weekend to curb coronavirus outbreaks

TOPICS: coronavirus, France, lockdown, outbreaks, pandemic, Paris

The incidence rate has soared in Paris to 400 cases of coronavirus per 100,000 inhabitants. Hospitals in the French capital are stretched to the limit. Patients are being referred to other regions and there are more than 4,200 people in French ICUs, the highest number since November. The French government has decided on a new […]

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IMF predicts ‘crisis like no other’ after COVID-19

TOPICS: COVID-19, crisis, IMF, lockdown, pandemic

It estimates growth this year at -4.9 per cent, or nearly two percentage points below projections in April, indicating that the recession will be deeper and recovery slower. The latest World Economic Outlook is an update to data published two months ago. Subtitled A Crisis Like No Other, An Uncertain Recovery, it warns that gains […]

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U.S. adds more than 41 million unemployment claims due to crisis

TOPICS: claims, crisis, lockdown, pandemic, stimulus, unemployment, wages, workers, workforce

More than 2.12 million people applied for unemployment benefits in the United States last week, bringing the total number of requests in two months under the covid-19 pandemic to more than 41 million, the Labor Department reported Thursday. In the week ending March 21 and as the pandemic began to hit the U.S. labor market, […]

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