Job Losses
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US businesses hammered by COVID-19 pandemic but some feel worst of crisis behind them: Fed survey
•The Fed’s survey, known as the “Beige Book,” was conducted in April, when non-essential businesses were shut down in much of the country, through 18 May, when some states had started to loosen restrictions.
WTO: India pushes for building broadband infra, digital skills in LDCs, developing countries; questions rich nations on e-commerce norms
•In a special virtual meeting of the WTO's General Council on COVID-19 trade-related measures last week, India stated that there is a digital divide between developed and developing countries.
COVID-19, lockdown impact: 27 mn youth in their 20s lost their jobs in April, reveals CMIE
Fp Staff •Over 27 million youngsters in their 20s lost their jobs in April. This has serious long-term repercussion, the CMIE report said.
Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers
Fp Staff •Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers
Wall Street rallies as some US states relax lockdown restrictions; all major indexes claw back, gain over 1%
•The indexes are all now within 20 percent of their record closing highs reached in February, with the benchmark S&P 500 on track for its best month since 1987, after trillions of stimulus dollars helped US equities recover from March lows.
Realty players fear pay cuts, job losses as lockdown hits revenue; say govt's relief package for sector to minimise damage
•Realty sector is the second-largest employer after agriculture and provides for both blue and white collar jobs, said CREDAI (national) chairman Jaxay Shah said.
Coronavirus Outbreak: Govt plans to resume limited manufacturing operations after 15 April, says report
•The source said the government was considering allowing the resumption of some manufacturing operations under guidelines that were being drawn up.
Coronavirus Outbreak: Exports sector may witness 15 million job losses, increase in NPAs, says industry body
•About 15 million people face job losses in India's exports sector following cancellation of over half of the orders and gloomy forecast for global trade due to the Covid-19 pandemic, exporters' body FIEO said on Friday
Stock Market Today Latest Updates: Market at 3-week high as Sensex soars over 1,200 points, Nifty above 9,100; M&M zooms nearly 17%
Fp Staff •Stock Market Today LIVE Updates: Bourses erase early gains; Sensex slips 250 points, Nifty below 9,000-mark; bank stocks in green
Coronavirus Outbreak: Airline ticket refunds row escalates as sector stares at huge job losses
•Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus air travel downturn, and held out against offering refunds to passengers as cash runs out