Legal Lens: Covid-19 Impact on Business and Industry

Whether you’re interested in how companies are handling annual meetings, privacy, and compliance issues or concerned with effects on ESQ, sustainability, and the labor force, the Bloomberg Law analysis team has you covered. For more resources visit: https://pro.bloomberglaw.com/coronavirus Learn more from Bloomberg Law’s analysis team: https://news.bloomberglaw.com/bloomberg-law-analysis/

Over 40 million US workers have filed for first-time unemployment

More than 40 million Americans have filed for first-time unemployment benefits since the coronavirus pandemic forced the US economy to shut down in March. One in four American workers has filed for unemployment insurance. Another 2.1 million people filed initial jobless claims last week on a seasonally adjusted basis, the Department of Labor reported Thursday … Read more Over 40 million US workers have filed for first-time unemployment

No-one committing to anything as parties feel each other out on industrial relations | ABC News

Scott Morrison, unions and business groups are leaving themselves wide room to negotiate on possible changes to workplace laws, avoiding blanket guarantees that all workers must be better off. The talks begin next month, but while the participants are eager to be involved, Federal Labor’s been left firmly on the sidelines. Read more here: https://www.abc.net.au/news/2020-05-27/scott-morrison-industrial-relations-workers-coronavirus/12289766?section=politics … Read more No-one committing to anything as parties feel each other out on industrial relations | ABC News

Finding A New Job in the Pandemic

Retail veteran Robin Rycroft has been working in the industry for 40 years. He was most recently a regional manager of a U.K. retail chain until he lost his job during the Covid-19 pandemic. Through the #FeedTheNation initiative by recruitment firm Staffline Group, Rycroft found a new job in a supermarket warehouse. The initiative is … Read more Finding A New Job in the Pandemic

Penny Wong on the government’s $60B JobKeeper error and ongoing tensions with China | Insiders

Shadow Foreign Minister Penny Wong confirms a Labor-led coronavirus parliamentary committee would seek to compel Treasurer Josh Frydenberg to explain how the Federal Government overestimated the JobKeeper wage subsidy program by $60 billion. Read more here: https://ab.co/2A4iMlH For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 … Read more Penny Wong on the government’s $60B JobKeeper error and ongoing tensions with China | Insiders

Coronavirus Causes Unemployment to Surge to New High in U.S.

May.22 — Amid a historic jump in unemployment claims in the United States, officials in the Trump administration, Congressional leaders, labor leaders, and small business owners discuss the impact of the COVID-19 pandemic on the labor market and the government response. Kevin Cirilli hosts a special report on “Coronavirus: America’s Employment Bust.”

U.K. Calls on Furloughed Workers to Pick Fruits and Vegetables Amid Labor Shortages

The UK Government announced on Tuesday the country’s coronavirus death toll had reached over 35,000. Speaking at a briefing from Downing Street George Eustice, UK Environment Secretary, said 545 people had died of the virus in the past 24 hours, bringing the total amount of deaths to 35,341. He also said the government had established … Read more U.K. Calls on Furloughed Workers to Pick Fruits and Vegetables Amid Labor Shortages

UK jobless claims jump to highest level since 1996

Jobless claims in the UK has jumped to its highest level since 1996. The Office for National Statistics said the number of claims rose by 69 percent from the previous month to 2.1 million in April. It says the rise would have been steeper if the government did not pay 80 percent of the salaries … Read more UK jobless claims jump to highest level since 1996

16 new jobs shaking up China’s labor market

AI trainer, VR engineer and drone fixer … You may not be familiar with these job posts yet, but very soon they will be part of your daily life. In early 2020, the Chinese government recognized 16 new professions, mainly from the technology, service and healthcare sectors, a decision that has big implications. In this … Read more 16 new jobs shaking up China’s labor market

Global Cost of the Virus Could Reach $8.8 Trillion

The cost of the coronavirus pandemic could reach as much as $8.8 trillion, or almost 10% of global gross domestic product, depending on how long the outbreak continues and the strength of government responses, according to the Asian Development Bank. A shorter containment period of three months coupled with strong policy measures could limit the … Read more Global Cost of the Virus Could Reach $8.8 Trillion

The Virus Pandemic Is Disrupting the Illegal Drug Trade

The novel-coronavirus pandemic is disrupting the illicit drug trade through increased border controls, reduced air traffic and supply shortages, though the outbreak’s economic fallout may lead to more people getting involved in the business, a United Nations-sponsored report warned. The upcoming opium harvest in Afghanistan may be hurt by virus-related labor shortages, and cocaine output … Read more The Virus Pandemic Is Disrupting the Illegal Drug Trade

U.S. Official: Nearly 3 mln more people file for unemployment

The U.S. Labor Department reported that nearly three million more people filed for unemployment benefits last week in the latest wave of layoffs caused by the coronavirus pandemic. That’s after 33 million workers sought aid in the previous seven weeks as the pandemic forced companies across the country to close. Subscribe to us on YouTube: … Read more U.S. Official: Nearly 3 mln more people file for unemployment