Global Markets: Nearly 39 million U.S. jobless from COVID-19

By MarketsFarm

WINNIPEG, May 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Nearly 39 million people have filed for unemployment assistance in the United States since COVID-19 started to force shutdowns across the country in March, according to the latest data from the U.S. Labor Department. About 2.4 million people filed for aid in the latest weekly report.

– The Tokyo Olympics could be scrapped completely if COVID-19 is not contained by their rescheduled date in 2021, according to Japanese Prime Minister Shinzo Abe. The event had originally been scheduled for July 2020, before the pandemic led to its postponement.

– Cyclone Amphan has left at least 84 people dead in India and Bangladesh as the largest storm to hit the region in 20 years made landfall on May 20. Millions of people have been uprooted due to the storm with one Indian official describing Amphan as “worse than coronavirus.”

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