- New claims for unemployment benefits last week are expected to total about 5 million, bringing the number of Americans filing to more than 15 million.
- The claims initially were expected to have come from millions who lost their jobs in restaurants and travel-related fields, but now they are likely to include hundreds of thousands of retail workers.
- Economists say there could be more longer-term and permanent layoffs included in more recent claims, as companies look to trim costs. Source CNBC
“What is happening today in the energy markets of Europe is, to a certain extent, a man-made result of short-sighted policy,” the Russian President added Source TASS
India is facing an impending energy crisis as several states saw coal-fired power plants shut down due to a coal shortage. Major cities such as the capital New Delhi experienced electricity cuts that ran for hours over the weekend. Source DW
India is grappling with an escalating crisis as stockpiles of coal, the fuel used to generate about 70% of the nation’s electricity, dwindle to the lowest in years just as power demand is set to surge. Source EconomicTimes
