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US trade deficit widens to $44.4 billion in March on falling exports
May 05, 2020 13:49The United States government says its exports faltered nearly 10 percent in March, taking the country’s trade deficit to over $44 billion.
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US economy contracted most since Great Recession over coronavirus
Apr 29, 2020 08:40The US economy contracted in the first quarter at its sharpest pace since the Great Recession as businesses across the country shut down and laid off tens of millions of workers to slow the spread of the coronavirus pandemic.
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‘We’re going down, down, down, down, down’
Apr 17, 2020 14:15The federal government of the United States is struggling to deliver financial aid to faltering employers — and workers are suffering the consequences. Roughly 10 percent of American workers filed for unemployment benefits in the past three weeks, a wave of job losses that has no precedent in modern American history. Millions more are struggling to submit unemployment claims to overwhelmed state agencies. And still more face the loss of their jobs in the coming weeks.
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US purged another 5.2 million jobs last week
Apr 16, 2020 13:19Amid the worsening economic damage from the coronavirus pandemic, another 5.2 million US workers were jobless and sought unemployment benefits last week, the US regime reported Thursday.
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World economy 'may face double recession' amid coronavirus pandemic
Apr 16, 2020 07:37As the world economy is expected to suffer its worst year in 2020 since the Great Depression of the 1930s, another “possibly much worse downturn” is likely to follow.
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IMF says virus pandemic to unleash worst recession since Great Depression
Apr 09, 2020 13:38The coronavirus pandemic will trigger the worst fallout since the 1930s Great Depression, warns the IMF head.
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Economic experts warn climate crisis could spur financial crash like 2008 in US
Mar 18, 2020 15:09With markets currently in turmoil due to the coronavirus pandemic, US experts testified on Thursday that there is high risk for an even larger economic crisis absent urgent climate policy. A panel of economic experts brought this message to a handful of senators on Capitol Hill during a March 12 hearing convened by the Senate Democrats’ Special Committee on the Climate Crisis.
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Oil prices fall further 6 percent
Mar 12, 2020 08:37Oil prices have plunged a further six percent Thursday after US President Donald Trump announced travel restrictions on Europe to combat the spread of the coronavirus, ramping up fears of more recession.
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Malaysian PM welcomes Rouhani's cryptocurrency proposal alternative to US dollar
Dec 20, 2019 13:08Malaysian Prime Minister Mahathir Mohamad has said that he agrees with Iran’s suggestion on using cryptocurrency as an alternative to the US dollar.
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China reiterates tariffs must be reduced for interim trade deal with US
Dec 05, 2019 14:38China has once again warned the US that tariffs must be cut if Beijing and Washington are to reach an interim agreement on trade, amid growing uncertainty on when even a phase-one agreement can be reached.