Restrictions
Canada’s unemployment rate drops with 84,000 more jobs in October
Canada’s unemployment rate fell to 8.9 per cent in October as the economy added 84,000 jobs, but further gains were dampened by new Covid-19 lockdowns, the national statistical agency said Friday. Employment in Canada has increased at a monthly rate of 2.7 per cent since May, but economists had expected fewer jobs to be created last month as new restrictions were reintroduced across the country to slow the spread of a second wave of the coronavirus. Statistics Canada noted that increases in employment across several industries were partially offset by a big drop in accommodation and food services jobs. Full-time employment rose 69,000, making up most of the gains, while self-employment rose by 33,000 for the first time since the start of the pandemic in March. Overall, about 2.4 million Ca...
Oil prices slide in lockdown-driven rout
Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound. Both main oil contracts fell five percent for part of the day before clawing back some of their losses, extending this week’s meltdown to plumb four-month lows on virus-driven demand fears. “The new lockdowns have since yesterday caused a carnage in the oil market,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy. “Oil demand will lose ground as a result of the new lockdowns… Prices now naturally decline on this grim prospect,” he added. The drop in oil prices will increase the pain on oil companies. Exxon Mobil announced Thursday it was eliminating 1,900 US jobs as part of a cost-cutting drive necessitated in part ...
Italy closes theatres, gyms as virus cases mount
Italy’s Prime Minister Giuseppe Conte tightened nationwide coronavirus restrictions Sunday after the country recorded a record number of new cases, despite opposition from regional heads and street protests over curfews. Cinemas, theatres, gyms and swimming pools must all close under the new rules, which come into force on Monday and run until November 24, while restaurants and bars will stop serving at 6pm, the prime minister’s office said. Italy, the first European country to be hit hard by the pandemic and impose a nationwide lockdown, on Saturday clocked nearly 20,000 new cases in a 24-hour period. “Semi-lockdown for a month,” said the Repubblica daily, noting Conte had done little to appease regional heads who had appealed for much softer measures to save ailing businesses devastated ...
Pandemic impact on Tunisia tourism ‘catastrophic’
Tunisia’s tourism sector has collapsed, officials warned on Saturday, with earnings plunging 60% and swathes of hotels at risk of closing permanently. LIVE | All the latest coronavirus and lockdown updates The sector, a major employer that accounts for 14% of the North African nation’s GDP, has been hit hard by restrictions imposed to stem the spread of the novel coronavirus. “There has been a drop in tourism activities of 60%, and we could reach 70% by the end of 2020,” Tourism Minister Habib Ammar told reporters. Tunisia’s income from tourism this year has totalled just 1.56 billion dinars ($563 million), officials statistics showed. Total bed nights – the number of nights visitors stayed in hotels – dropped by 79.5%. “The current tourism situation is very bad – if not catastrophic,” sai...
Ebonyi relaxes restrictions on worship centres, drinking parlours, schools
Following reduction in the number of COVID-19 cases Ebonyi state government has relaxed restrictions on events and gathering of persons in the state. The state government directed that all private and public schools, tertiary institutions could reopen on 5th of October 2020. A press statement issued by the Commissioner for Information and State Orientation, Barr. Uchenna Orji, stated that “All restrictions in respect of movement order on public burials/ wake keeps, weddings, conferences, meetings, festivals, religious services/gatherings, etc are hereby lifted”. “That all closures of public places such as event centres, bars, places of worship, educational institutions, public parks, night clubs, cinemas, viewing centres and other such public places are hereby lifted”, he added. The docume...
Why issuance of UAE visas to Nigerians was suspended – embassy
The United Arab Emirates says issuance of visas to Nigeria was suspended temporarily because of the COVID-19 pandemic as against speculations of severed bilateral relations between the two countries. The post Why issuance of UAE visas to Nigerians was suspended – embassy appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
OECD: South Africa economy could contract 8.2% if second coronavirus wave hits
South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country and its main trading partners, the OECD said on Friday. If a second wave of infections is avoided, the economy will contract 7.5% in 2020 before rebounding 2.5% next year, the OECD said in a report on Africa’s most industrialised economy. South Africa was in recession before the pandemic struck, with recurring power cuts by struggling state utility Eskom and weak business confidence dampening economic activity. President Cyril Ramaphosa’s government has promised to fast-track reforms to raise economic growth potential, but some investors are becoming restless about the pace of change. “South Africa cannot afford to delay reforms. It is essential to undertake...
Inter chief holds talks with Lionel Messi’s reps, Barca president over move
Inter president Steven Zhang has held talks with Lionel Messi’s representatives over a potential move as well as Barcelona president Josep Maria Bartomeu according to a report in today’s print edition of Italian daily newspaper Gazzetta dello Sport. In order for Messi to join Inter, he will have to terminate his relationship with Barcelona and although there are certain concerns over his future with the club, he has not yet requested to leave Catalonia yet. If something changes in this regard though, Inter’s owners Suning will be right there and ready to pay him €260 million gross in wages over a four year period, which works out at €65 million gross a year and €50 million net a year. The arrival of a new main shirt sponsor will help Inter’s coffers and boost profits whilst Inter could als...
Iran says medics exhausted in battle against coronavirus
Iran reported 216 new deaths from the novel coronavirus on Sunday, calling on its citizens to observe health protocols more closely to ease the burden on exhausted medical staff. The Islamic republic announced its first COVID-19 cases on February 19, and the outbreak quickly became the Middle East’s deadliest. Declared coronavirus deaths have surged since the end of June and claimed more than 200 lives nearly every day in the past week, including a record 229 on Tuesday. “Our biggest concerns are the infection and fatigue of medical staff,” health ministry spokeswoman Sima Sadat Lari said in a televised briefing on Sunday. “We can help them and prevent the spread of the disease” by observing basic guidelines such as hand-washing, mask-wearing and social distancing, she added. Iran said ear...
US Sunbelt mayors push back against Trump’s virus optimism
US Sunbelt mayors warned Sunday that their cities are at risk of being overwhelmed by a surge of coronavirus cases as they pushed back against US President Donald Trump’s attempt to minimize the gravity of the spreading virus. COVID-19 has been raging for weeks across southern and western states. Florida has registered 10,000 new cases on some days. Arizona has seen record hospitalizations. And intensive care units in Houston, Texas are operating near maximum capacity. With President Trump continuing to play down the disease eschewing a mask, continuing to address large gatherings, saying a vaccine is only months away and asserting that “99 percent” of cases are not serious the exasperation of local officials has begun to boil over, with some floating the idea of new stay-at-home orders. “...
Five Red Star Belgrade players test positive for coronavirus
Five players from Serbian club Red Star Belgrade have tested positive for coronavirus after playing a match attended by 16,000 people, the club said Monday. The announcement came 12 days after Red Star faced city rivals Partizan Belgrade in front of a crowd of around 16,000 people, the largest gathering of that kind in Europe since the beginning of the pandemic. The Serbian government has been loosening lockdown rules and earlier this month it announced that open-air gatherings with an unlimited amount of people would be allowed. But coverage from television channel RTS appeared to show little sign of health guidelines in place in the match with Partizan as well as at other league matches. Following the final match of the season against Proleter on Saturday, Red Star Belgrade celebrated wi...
Singapore ends two-month virus lockdown
Singapore on Tuesday began allowing activities that “do not pose a high risk of transmission” to resume after two months of lockdown. Despite reporting the second-highest number of coronavirus cases in East Asia, the government chose to stick to its plans of easing restrictions from June. Asides China, Singapore has recorded more coronavirus cases than any country in East or South-East Asia. Yet, offices, factories, schools and worship centres are now opened. Prime Minister, Lee Hsien Loong, had said on Monday that the relaxation will likely prove “a big relief to all’’ but one that is “certainly not without its risks’’. Some restrictions will, however, remain for several more weeks. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online....
