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Fed launches multi-billion dollar Corona aid
The US Federal Reserve wants to support the US economy, which has been hit hard by the crisis, with additional emergency aid worth $ 2.3 trillion. The new package of measures primarily serves to support local governments and small and medium-sized companies, as the central bank announced on Thursday. Among other things, the banks are to provide four-year loans for companies with up to 10,000 employees. Bonds from states and populous counties and cities are also to be purchased to help them fight the economic consequences of the pandemic.
More corona cases
The news situation is still dominated by the corona pandemic. The focus is also on the meeting of the oil producing countries (OPEC +) for the planned reduction of the production volume. In the United States, nearly 2,000 people also died for the second day in a row after being infected with the novel corona virus. In total, the death toll now amounted to almost 15,000. According to the information, around 430,000 infections with the pathogen Sars-CoV-2 have already been detected.
US job market comes under the wheels
In addition, the US jobs came into focus. Because of the pandemic, millions of people applied for unemployment benefits in the United States for the third week in a row. Last week, 6.6 million applications were registered. The number of first-time applications had reached new highs in the two previous weeks. Within three weeks, more than 16 million people across the country have lost their jobs.
Editorial office finanzen.net / dpa-AFX / Reuters
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