Global pandemic drives historic U.S. economic collapse
The coronavirus triggers the deepest, fastest downturn since the Great Depression with U.S. output shrinking 4.8 percent in Q1 and up to 20 percent annualized in April. Unemployment claims surge toward 1 in 6 workers. 3.1 million infections worldwide. 220,000 deaths. Airlines, Italy, Germany, and France report losses as Gilead remdesivir advances, while experts warn vaccine timelines stretch beyond a year.
MENTIONED IN THIS ARTICLE
U.S
Science
Johns Hopkins University
Congressional Budget Office
United Nations
Indian Businesses Urge Easing of Virus Lockdown
Indian business leaders urge Modi government to relax the five week lockdown as key sectors such as pharmaceuticals IT and autos could operate at reduced capacity with safeguards. Analysts warn of 30 to 40 million potential job losses if the economy stalls, amid rising cases and a nationwide address planned by Modi.
MENTIONED IN THIS ARTICLE
New Delhi
Narendra Modi
India
Gurcharan Das
Procter & Gamble
Kiran Mazumdar Shaw
Biocon
Modi
Asia-Pacific
Mumbai
Navy widens carrier probe delaying commander decision
The Navy will broaden its coronavirus inquiry aboard the USS Theodore Roosevelt, delaying a decision on reinstating Captain Brett Crozier. The review will span the Navy chain of command in the Pacific, covering events before the outbreak and examining leadership, with a goal of up to 30 days. More than 900 sailors on Roosevelt have been infected and one has died. a second ship, USS Kidd, reports at least 64 cases.
MENTIONED IN THIS ARTICLE
Washington
Navy
James E. McPherson
Pacific
McPherson
Gilday
Crozier
Stuart Baker
Carrier Strike Group
Roosevelt
7Th Fleet
William R. Merz
Pacific Fleet
John C. Aquilino
Phil Davidson
Indo- Pacific Command
U.S
USS
Kidd
San Diego
Also Mentioned on This Page
Paris
Airbus
Fitch
Italy
Germany
Wall Street
Europe
Gilead Sciences
Remdesivir
France
Spain
Milan
Berlin
Britain
Kim Gang-lip
China
Japan
Luca Bruno
THE
Associated Press
Asia
Donald Trump
Bangkok
Thailand
Malaysia
Bar Council
Human Rights Watch
Taguig
Metro Manila
Philippines
Aaron Favila
Adm
Mike Gilday
Chief of Naval Operations
Defense
Mark Esper
Mark Milley
Joint Chiefs of Staff
Brett Crozier
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