1.9 million in US seek jobless aid even as reopenings slow layoffs

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COURTESY BY: https://www.hindustantimes.com/ Nearly 1.9 million people applied for US unemployment benefits last week, the ninth straight decline since applications spiked in mid-March, a sign that the gradual reopening of businesses has slowed the loss of jobs. The diminishing pace suggests that the job market meltdown that was triggered by the coronavirus may have bottomed out as more companies call at least some of their former employees back to work. The total number of people who are now receiving jobless aid rose only slightly to 21.5 million, suggesting that rehiring…

Donald Trump’s mediation tweet is part of growing anti-China juggernaut

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COUTESY BY: https://www.hindustantimes.com/ President Donal Trump on Wednesday said he has offered to arbitrate the India-China border dispute in what is being seen as move that will irk Beijing more than New Delhi, given the steadily rising hostility and antipathy towards China in the United States over the Covid-19 outbreak, which comes on top of months of differences over trade and mounting irritation over theft of intellectual property. “We have informed both India and China that the United States is ready, willing and able to mediate or arbitrate their now…

Only half of Americans would get access to Covid-19 vaccine: Poll

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COURTESY BY: https://www.hindustantimes.com/ Only about half of Americans say they would get a Covid-19 vaccine if the scientists working furiously to create one succeed, according to a new poll. That’s surprisingly low considering the effort going into the global race for a vaccine against the coronavirus that has sparked a pandemic since first emerging from China late last year. But more people might eventually roll up their sleeves: The poll from The Associated Press-NORC Center for Public Affairs Research, released Wednesday, found 31% simply weren’t sure if they’d get vaccinated.…

Maq saved cricket in America

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SOUTH CAROLINA/USA – Outspoken cricket team owner Sanju Patel says that cricket administrator Mahammad Qureshi saved cricket in America. Speaking on the popular cricket network MaqTV, he said that he formed a team because of Qureshi’s tournament the US Open T20, and because of that, many of his players have gone on to represent the US. According to Patel: “Back in 2009, I met Maq and decided to form a team to play at his US Open T20 tournament. My team the US Tigers have stayed together since and it…

China warns of countermeasures after US tightens visa rules for Chinese journalists

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US President Donald Trump meets with China’s President Xi Jinping (Reuters file photo) COURTESY BY: https://www.hindustantimes.com/ China on Monday warned that it will take countermeasures in response to the US decision to tighten visa rules for Chinese journalists, urging Washington to immediately correct its mistakes. The US last week announced it was limiting the visa-period for Chinese journalists to 90 days with the option to extend it. The Chinese foreign ministry said Washington to correct its mistakes against Chinese journalists immediately or it will face countermeasures. Opposing the US move,…

Donald Trump tests negative for coronavirus after report valet infected

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COURTESY BY: https://www.hindustantimes.com/ President Donald Trump and Vice President Mike Pence have tested negative for coronavirus(REUTERS) President Donald Trump and Vice President Mike Pence have tested negative for coronavirus after finding out a member of the U.S. military who worked on the White House campus had become infected, a White House spokesman said on Thursday. The military official was identified by CNN as personal valet to Trump.

Iran says US push to extend Tehran’s arms embargo is ‘illegitimate’

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President Donald Trump’s administration has been taking a harder line with the United Nations over its desire to extend and strengthen the embargo on Iran.(REUTERS) COURTESY BY: https://www.hindustantimes.com/ Iran dismissed as “illegitimate” efforts by the United States to extend the U.N. Security Council arms embargo on Tehran, an Iranian Foreign Ministry spokesman said on Monday. “Iran is not seeking to exit the 2015 nuclear deal with six powers … America’s move is illegitimate and our reaction will be proportionate,” Abbas Mousavi said in a televised weekly news conference. The United…

US has very ‘conclusive’ report on Covid-19’s China origins, says Trump

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U.S. President Donald Trump listens during a Fox News town hall at the Lincoln Memorial in Washington, D.C., U.S., on Sunday, May 3, 2020. (Bloomberg) COURTESY BY: https://www.hindustantimes.com/ President Donald Trump promised a “conclusive” report from the U.S. government on the Chinese origins of the coronavirus outbreak, adding that he has little doubt that Beijing misled the world about the scale and risk of the disease before it became a global pandemic. “We will be giving a very strong report on what we think happened, and I think it will…

Oil prices open down on persistent oversupply worries

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US crude futures fell more than 5% in early trade on Monday(AP) COURTESY BY: https://www.hindustantimes.com/ US crude futures fell more than 5% in early trade on Monday, paring last week’s gains, on worries about oil oversupply and tempered hopes for an economic recovery as some US states and cities around the world ease coronavirus pandemic restrictions. US West Texas Intermediate (WTI) crude futures fell as low as $18.50 a barrel and last traded down 95 cents, or 4.8%, at $18.83. The benchmark contract rose 17% last week.

‘Nothing can stop America’: Warren Buffett says US can withstand Covid-19

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File photo of Warren Buffett, chairman and CEO of Berkshire Hathaway(Reuters File ) COURTESY BY: https://www.hindustantimes.com/ Billionaire investor Warren Buffett on Saturday said the United States’ capacity to withstand crises provides a silver lining as it combats the coronavirus, even as he acknowledged that the global pandemic could significantly damage the economy and his investments. Over more than 4-1/2 hours at the annual meeting of Berkshire Hathaway Inc, Buffett said his conglomerate has taken many steps responding to the pandemic, including providing cash to struggling operating units, and throwing in…