Covid-19: IMF more negative on global economic projections

ROME, May 10 (NNN-AGENCIES) — The head of the International Monetary Fund (IMF) said that previous estimates for the world economy to contract by three percent this year were too optimistic. IMF Managing Director Kristalina Georgieva, during a video-linked conference in Florence, said that worsening indicators in some countries could…

Covid-19: Brazil’s death toll top 10,000

BRASILIA, May 10 (NNN-AGENCIES) — Brazil, the hardest-hit Latin American country in the coronavirus pandemic, has surpassed 10,000 deaths, according to figures released by the Ministry of Health. The country has now recorded 10,627 deaths and 155,939 confirmed cases. While Brazil’s figures are high, scientists think the real toll could…

Covid-19: US Vice-President Mike Pence’s press secretary tests positive

Katie Miller, seen here with Mike Pence’s chief of staff, is married to Trump aide Stephen Miller WASHINGTON, May 10 (NNN-AGENCIES) — A top aide to US Vice-President Mike Pence has tested positive for Covid-19 one day after another White House staff member was diagnosed with the virus. Pence’s press…

Pres Trump ‘torn’ over US-China trade deal as officials push to fulfill its terms

WASHINGTON, May 10 (NNN-AGENCIES) — US President Donald Trump said he was “very torn” about whether to end the Phase 1 US-China trade deal, just hours after top trade officials from both countries pledged to press ahead with implementing it despite coronavirus economic wreckage. In an overnight phone call, US…

Covid-19: US private payrolls dive by a record 20.2 million

US private employers laid off a record 20.236 million workers in April WASHINGTON, May 10 (NNN-AGENCIES) — US private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for…

5.3-Magnitude Quake Hits Luzon, Philippines: USGS

NEW YORK, May 10 (NNN-AGENCIES) – An earthquake with a magnitude of 5.3, jolted Luzon of the Philippines, at 19:18:11 GMT on Saturday, the U.S. Geological Survey said. The epicentre, with a depth of 86.86 km, was initially determined to be at 14.0476 degrees north latitude, and 120.525 degrees east…

Palestine To Take Measures Against Israel, U.S. Over Annexation Plan: Abbas

RAMALLAH, May 9 (NNN-WAFA) – Palestinian President, Mahmoud Abbas, warned, on Friday, that measures will be taken against Israel and the United States, if Israeli plan of annexing West Bank is implemented. Abbas’ warning was made in a meeting he chaired at his office, in the city of Ramallah, for…

Spotlight: U.S. Unemployment Surges To Depression-Era Level, Analysts Say It Will Only Get Worse

WASHINGTON, May 9 (NNN-XINHUA) – New data showed that U.S. employers cut a staggering 20.5 million jobs in Apr, erasing a decade of job gains since the global financial crisis and pushing the unemployment rate to a record 14.7 percent. While this marks the highest level of unemployment since the…

Chinese Envoy Calls For Multi-lateralism On Anniversary Of End Of WWII In Europe

UNITED NATIONS, May 9 (NNN-XINHUA) – A Chinese envoy called for multi-lateralism on the 75th anniversary of the end of World War II in Europe. “Multi-lateralism is a collective choice made by humanity, at the cost of a world war. Thanks to multi-lateralism, mankind has enjoyed 75 years of peace…

Covid-19: Peru’s agriculture minister tests positive

LIMA, May 8 (NNN-Xinhua) — Peruvian Minister of Agriculture and Irrigation Jorge Montenegro has tested positive for the novel coronavirus disease (COVID-19), the ministry reported. “Yesterday, May 6, 2020, the Minister of Agriculture and Irrigation, Jorge Montenegro, received a positive result for the test that was carried out for COVID-19,”…
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