Overseas Headlines- March 19, 2020

March 19, 2020

United States:

U.S. Jobless Claims Jump to Two-Year High Amid Closures

“Filings for U.S. unemployment benefits surged last week to a two-year high as the coronavirus pandemic forced employers to start laying off workers. Jobless claims rose by 70,000 to 281,000 in the week ended March 14, according to Labor Department figures released Thursday.”



City of London Exodus Leaves Crippled Businesses in Its Wake

“At lunch hour, James Leahy’s Burrito Joe stall in the City of London’s financial district is usually buzzing as people line up from around the corner for their fajitas, tacos, quesadillas and rice-and-meat bowls. Now, those same finance sector employees are working from home on the back of a rapid escalation in the U.K. government’s coronavirus containment advice. And the exodus has left small businesses like Leahy’s that cater to the bankers, insurance brokers and tech workers in the area struggling to stay afloat.”



Asia Tries to Fight a Second Wave of Virus Cases Sparked by Travelers

Asian countries battling a new wave of coronavirus infections brought in by travelers from abroad are turning to high-tech wristband monitors, jail time and steep fines in an escalation of containment measures. As the pandemic widens overseas and engulfs Europe in particular, places like Hong Kong, Singapore and Taiwan that had successfully contained their first wave from China are now facing a second surge from the West. In the past week, they all saw new cases hit record highs primarily due to travelers carrying the virus arriving at their borders.”


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