Recovery slowed in September as economy added 661,000 jobs and unemployment dipped to 7.9%
The economy added 661,000 jobs and the unemployment rate fell to 7.9% in September, the Labor Department reported on Friday, as hiring rates have slowed.
Economy
U.S. President Trump In Hospital With Coronavirus Symptoms
U.S. President Donald Trump arrived at a famed military hospital Friday after confirming that he and First Lady Melania Trump had tested positive for the coronavirus.
Trump and Biden trade blows in acrimonious, starkly personal, and chaotic first debate
President Trump and 2020 Democratic presidential nominee Joe Biden sniped and snarled repeatedly during their first debate, a meeting that was supposed to offer voters a clear contrast in policy and temperament but more often provided a stage for the two candidates to vent personal grievances.
World Mourns 1 Million Coronavirus Deaths
Authorities say the world’s coronavirus death toll crosses one million, causing grief worldwide.
Israel has not ruled out pre-emptive strike on Iran
Israeli Minister Benjamin Netanyahu said Tuesday that Israel is not ruling out a preliminary strike against Iran, the Jerusalem Post reports. The PM made his statement during a memorial service for those who died in the Yom Kippur War, when Arab states led by Syrian and Egyptian armies ambushed Israel in a surprise attack on October 8th 1973. At the time of the strike which led to war, Israel had been observing Yom Kippur, the most solemn and holy day in the Jewish calendar, and a time when the country comes to a standstill.
Palestinian leadership is on a collision course with Arab countries
Less than a month after the Second Intifada erupted in September 2000, the Arab heads of state held an extraordinary meeting in Nasr City, a district of Cairo.
Analysts consider whether Saudi Arabia will follow UAE and Bahrain in normalizing ties with Israel
In light of Bahrain’s recent decision to join the United Arab Emirates in normalizing relations with Israel, analysts have been considering whether Saudi Arabia, the Arab world’s largest economy, is likely to follow suit, Ynet News reports. Analysts say Bahrain was unlikely to normalize its Israel relations without the private endorsement of Saudi Arabia, because Riyadh sent troops to support Bahrain’s ruling family during the Arab Spring of 2011 and pledged to give the country $10 billion in financial aid in 2018.
Trump raises idea of decoupling U.S. economy from China
U.S. President Donald Trump on Monday raised the idea of separating the U.S. and Chinese economies, also known as decoupling, suggesting the U.S. would not lose money if the two countries no longer did business.
EU Accuses Britain Of Torpedoing Brexit Deal
European Union leaders have accused Britain of throwing political grenades across the channel by threatening to undermine its divorce deal with the EU. The so-called Brexit Withdrawal Agreement was signed last year to allow Britain’s orderly exit from the bloc.
CBO: Deficit will hit $3.3 trillion this year, debt will exceed size of economy by 2021
The deficit is projected to hit a record $3.3 trillion this year, and the national debt will exceed the size of the U.S. economy by 2021, according to a Congressional Budget Office report published Wednesday.
Coronavirus: India’s economy shrinks by a quarter, in worst slump for at least 24 years
India’s economy has suffered its worst slump in 24 years as the country continues to grapple with the coronavirus pandemic.
FBI warns corporations about Chinese theft
Chinese technology theft costs the American economy $225 billion to $600 billion annually in stolen trade secrets, pirated software and counterfeit goods, according to a new FBI report.
German economy plunges by record 9.7%
The German economy, Europe’s largest, contracted by a record 9.7% in the second quarter as consumer spending, company investments and exports saw a steep decline due to the coronavirus pandemic.
‘He’s taken on the swamp’: Jim Jordan touts Trump’s outsider achievements
Rep. Jim Jordan, a top Republican and one of President Trump’s staunchest allies in Congress, promoted Trump as a tough, outsider president who cares about people.
Renominated Trump Defends God In Pledge of Allegiance
U.S. President Donald Trump pledged Monday that God remains in the Pledge of Allegiance after the Republican Party nominated him for a second term in the White House.
U.S. home sales spike 24.7% in July, another record
U.S. home sales rose an unprecedented 24.7% in July, extending a rebound in June after the coronavirus pandemic all but froze the housing market this spring.
Japan’s economy suffers sharpest contraction since 2008 financial crisis
Japan’s economy has suffered its strongest contraction, shrinking an annualized 27.8% in April-June amid the COVID-19 pandemic, Reuters reported Monday. This was steeper than the worse decline suffered in the 2008 financial crisis.
Israel’s virus-battered economy sees sharpest contraction in 45 years
Surpassing the most dire economic forecasts on the effects of the coronavirus pandemic, Israel’s gross domestic product plunged by 28.9 percent in the second quarter of 2020, as compared to the first quarter, in the worst economic downturn in over 40 years, according to an official estimate Sunday.
UK plummets into recession after GDP falls 20.4 percent
U.K. economy has officially plummeted into recession after official figures announced Wednesday showed a stunning 20.4% drop in the second quarter of the year – the biggest drop since quarterly records began in 1955.
Belarus Opposition Leader Flees To Lithuania Amid Crackdown
The primary political opponent of the longtime president of Belarus has reportedly fled the nation amid a massive police crackdown on protests. Lithuania says it provides shelter to Sviatlana Tsikhanouskaya, who earlier brought her young children outside the country. Tuesday’s announcement came after Belarusian President Alexander Lukashenko was declared the winner in Sunday’s presidential poll despite mounting opposition against his rule.