Overseas Headlines- April 30, 2020

United States:

Another 3.8 Million Americans File for Jobless Benefits

“Millions more Americans filed for unemployment benefits last week, sending the six-week total above 30 million since the coronavirus pandemic began to shutter businesses across the country. Initial jobless claims totaled 3.84 million in the week ended April 25 following 4.44 million in the prior week, according to Labor Department figures Thursday. Economists had projected 3.5 million claims.”



A Third of U.K. Coronavirus Hospital Patients Die, Study Suggests

“About a third of patients in U.K. hospitals with Covid-19 died from the disease, according to the findings of a study of more than 16,000 people with the virus. The research, which hasn’t been peer-reviewed and has yet to appear in a scientific journal, is an early insight into the deadliness of the virus in the U.K., which has one of the highest tolls from the pandemic in Europe.”



Japan Airlines Posts Loss, Pulls Dividend as Virus Hits Travel

“Japan Airlines Co. posted its first quarterly operating loss in at least eight years and suspended its annual dividend as the coronavirus outbreak hits the travel industry. Fourth-quarter operating loss was 19.5 billion yen ($183 million), the first deficit since the company re-listed on the stock exchange in 2012. Sales fell 21% to 280 billion yen, JAL said Thursday. The company didn’t give full-year forecasts, saying there’s no sign that the pandemic is coming under control globally and its impact is hard to predict.”



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