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Jun 11, 2020 14:26
The latest data from the Treasury Department shows that the US gross national debt has exceeded $26 trillion for the first time, as the nation grapples with economic relief from the Covid-19 pandemic.
- Struggling Lufthansa to slash 26,000 jobs due to pandemic-driven fall in demand for flights
German flagship carrier Lufthansa announced on Thursday that it will ax thousands of jobs amid projections of a bleak future for the global airline industry in the wake of the Covid-19 crisis.Jun 11, 2020 10:08 - US weekly jobless claims climbing higher, with millions still unemployedAn additional 1.54 million Americans have filed for unemployment benefits in the week ending June 6, according to a report published by the US Labor Department on Thursday.Jun 11, 2020 08:45
- The oil and gas industry faces a $1.8 trillion loss in 2020Oil and gas exploration and production companies are set to be the hardest hit of any sector in 2020, with Fitch Ratings estimating a $1.8 trillion loss by the end of the year.Jun 11, 2020 08:36
- ‘Bitcoin is a very likely candidate for a world reserve currency,’ entrepreneur & best-selling author tells RT's Keiser ReportGlobal economic systems were built for an era with older technology that counted on growth and inflation, and the only thing now driving growth is easy credit, says the founding CEO of e-commerce company BuildDirect Jeff Booth.Jun 11, 2020 12:30
- US national debt hits $26 TRILLION, soaring by $1 trillion just in one monthThe latest data from the Treasury Department shows that the US gross national debt has exceeded $26 trillion for the first time, as the nation grapples with economic relief from the Covid-19 pandemic.Jun 11, 2020 14:26
- ‘Bitcoin is a very likely candidate for a world reserve currency,’ entrepreneur & best-selling author tells RT's Keiser ReportGlobal economic systems were built for an era with older technology that counted on growth and inflation, and the only thing now driving growth is easy credit, says the founding CEO of e-commerce company BuildDirect Jeff Booth.Jun 11, 2020 12:30
- Struggling Lufthansa to slash 26,000 jobs due to pandemic-driven fall in demand for flightsGerman flagship carrier Lufthansa announced on Thursday that it will ax thousands of jobs amid projections of a bleak future for the global airline industry in the wake of the Covid-19 crisis.Jun 11, 2020 10:08
- US weekly jobless claims climbing higher, with millions still unemployedAn additional 1.54 million Americans have filed for unemployment benefits in the week ending June 6, according to a report published by the US Labor Department on Thursday.Jun 11, 2020 08:45
- The oil and gas industry faces a $1.8 trillion loss in 2020Oil and gas exploration and production companies are set to be the hardest hit of any sector in 2020, with Fitch Ratings estimating a $1.8 trillion loss by the end of the year.Jun 11, 2020 08:36
- Russia’s cheapest crisis ever: country still accumulating cash despite Covid-19 & oil price shockSo far, the coronavirus is proving to be the cheapest crisis Russia has ever experienced, and despite the huge economic shock the economy has received, Russia Inc is already back in profit.Jun 10, 2020 19:21
- Stock market will hit new highs if Trump wins 2020 presidential election, chief strategist tells Boom BustThe National Bureau of Economic Research said this week that the US economy entered a recession in February as the coronavirus struck the nation, ending its longest expansion on record.Jun 10, 2020 14:41
- Singapore squeezes out US to become India’s top engineering importerIndia’s industrial machinery sales to Singapore skyrocketed 95 percent in April from a year earlier, to $553 million. Singapore is now India’s leading engineering importer, having replaced the United States.Jun 10, 2020 13:14
- Boeing plane cancellations continue to far exceed new ordersUS aircraft manufacturer Boeing has reported nine orders of its new freighter planes in May and twice as many cancellations, which included a switch of a delivery slot for a 747 freighter for parcel firm UPS.Jun 10, 2020 11:36
- Tesla's newest rival is taking the stock market by stormThey are both named after inventor Nikola Tesla. They are both aiming to upend the market of predominantly gasoline and diesel-powered cars and trucks with their zero-emission technologies.Jun 10, 2020 10:48
- US sanctions on Russian gas pipeline illegal & ‘an assault on Europe’s sovereignty’ – Bundestag member to RTThe new sanctions by Washington targeting Russia’s Nord Stream 2 pipeline are “absolutely unacceptable,” Klaus Ernst, chairman of the Bundestag Committee on Economic Affairs and Energy, told RT.Jun 10, 2020 09:28
- Stocks will continue to surge despite ongoing global chaos, chief research analyst tells Boom BustMarkets gained this week as more US cities started the reopening process after the coronavirus outbreak. Meanwhile, tensions are still high in the country following nearly two weeks of protests against racial injustice.Jun 9, 2020 15:04
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