Coronavirus fuels historic US job losses, while EU wants borders kept shut

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With the global economy suffering its worst downturn in nearly a century, world leaders are planning a return to normal life, even as COVID-19 cases continue to rise in some countries.

The United States has recorded its steepest job losses in history over the coronavirus pandemic as Europe moved to keep its borders shut for another month.

The world's largest economy has suffered the deadliest coronavirus outbreak, with more than 77,000 fatalities and nearly 1.3 million cases. Neighbouring Canada also shed three million jobs, bringing its unemployment rate up to 13.1 per cent, two days after the European Union forecast a massive recession in the bloc.APA number of governments are moving to ease restrictions. Germany, Europe's biggest economy, took decisive early action that stemmed the virus and Chancellor Angela Merkel plans an almost complete return to normal within the month.

Parades and commemorations to mark 75 years since Nazi Germany's surrender were canceled or scaled down, and the thoughts of many national leaders were on fighting the new global challenge. The resolution, led by France and Tunisia, called for a cessation of hostilities in conflict zones and a 90-day"humanitarian pause" to allow governments to better address the pandemic among those suffering most.

 

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