World News Briefs — June 29, 2020 (Evening Edition)

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CNBC: Nearly half the U.S. population is without a job, showing how far the labor recovery has to go* The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless.
* As the coronavirus-induced shutdown tore through the labor market, the share of population employed dropped sharply from a recent high of 61.2% in January, farther away from a post-war record of 64.7% in 2000.
* “To get the employment-to-population ratio back to where it was at its peak in 2000 we need to create 30 million jobs,” said Torsten Slok, Deutsche Bank’s chief economist.
* Investors will look to this week’s June jobs report for an update on the pace of the labor market recovery.

Nearly half of the population is still out of a job showing just how far the U.S. labor market has to heal in the wake of the coronavirus.

The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless, according to Bureau of Labor Statistics. As the coronavirus-induced shutdowns tore through the labor market, the share of population employed dropped sharply from a recent high of 61.2% in January, farther away from a post-war record of 64.7% in 2000.

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MIDDLE EAST

Syria faces mass starvation or mass exodus without more aid, WFP says.Iraq frees pro-Iran fighters held over rocket fire.

Coalition denies Iraqi militia’s claim that it caused C-130 crash in Iraq.

Iran reports record 162 COVID-19 single-day death toll.

Iran issues arrest warrant for Trump over drone strike that killed Qasem Soleimani.

Interpol says it can’t act on Iran’s request to arrest Trump for ordering the k.illing of General Soleimani.

Iran’s currency plummets to lowest level against the US dollar.

Netanyahu’s annexation plan threatens Palestinian, Israeli economies already struggling after Covid-19.

Netanyahu’s annexation plan in disarray as Gantz calls for delay.

Lebanon top finance official resigns citing bad crisis management.

ASIA

U.S. begins to pare back Hong Kong’s special status.Civilians killed in rocket attack on Afghanistan cattle market.

China-India border rift simmers with reports of troop moves on both sides.

India bans dozens of Chinese apps including TikTok.

Coronavirus: India reports nearly 20,000 cases a day as it struggles to contain pandemic .

Pakistan: Several dead after gunmen attack stock exchange.

Hong Kong: ‘Silent protest’ march targets national security law.

Chinese state media accuses Australia of spying campaign, says agents were arrested in 2018.

Locusts overtake India’s capital region.

More than a million hit by India monsoon floods.

AFRICA

IMF warns pandemic set to undo decade of progress in Africa.Congo president vows not to accept judicial reforms that cause ‘harm’.

Islamist militants abduct four aid workers in north-east Nigeria.

Libya: Haftar’s forces mobilise mercenaries for Sirte battle.

Talks may lead to end of blockade of Libyan oilfields.

‘It’s my dam’: Ethiopians unite around Nile River mega-project.

Ethiopia to begin filling Nile dam in 2 weeks.

Malawi opposition leader sworn in as president after repeat vote.

Somalia to delay elections by 13 months, says official.

Nigeria wants cancellation of African artifacts auction in Paris.

EUROPE

Kosovo president says he will resign if case goes ahead.Coronavirus: EU to allow in visitors from 14 ‘safe’ countries.

Macron and Merkel push Covid-19 recovery fund as Germany takes on EU presidency.

Irish Parliament elects Michael Martin as new prime minister.

Polish President Duda faces tough run-off vote July 12, according to exit polls.

The US Navy’s top admiral in Europe says China is copying Russia’s interference playbook there.

US says Putin seeking to stay in power for life.

Russia denies being behind a mysterious radiation leak making its way across Scandinavia.

Ukraine declassifies secret Soviet documents on Chernobyl explosion.

Low voter turnout in French local elections tells a tale of disillusionment.

AMERICAS

Facing criticism, White House to brief Democrats on reports Russia paid Taliban to kill U.S. troops.

White House says no intel consensus on Russia bounties.

Supreme Court strikes down Louisiana abortion restrictions.

US Supreme Court declines to take up federal inmates’ execution appeal.

Trump pushes back on Biden criticism: ‘Russia ate his and Obama’s lunch’.

Protests target Bolsonaro after Brazil’s worst coronavirus week.

Coronavirus worsens Cuba’s economic woes.

Mexico launches raids after assassination attempt of police chief.

Argentina and Brazil crops threatened by locust swarm.

Canada over worst of coronavirus outbreak, U.S. spike a cause for concern: Trudeau.

Pandemic leads to rise in Canada fatal drug overdoses.

Nova Scotia gunman was paranoid survivalist – but not informer, say police.

TERRORISM/THE LONG WAR

Washington raises bounty on Daesh leader Mawla to $10 million amid reports of his death.Pakistan a ‘safe haven’ for ‘terror groups’: U.S. State Department.

India seeks extradition of Mumbai attacks suspected mastermind Sajid Mir.

ECONOMY/FINANCE/BUSINESS

Wall Street stocks claw back a chunk of last week’s losses.Coronavirus: UK hardest hit by virus among leading G7 nations.

US to join summit on global green recovery from Covid-19 crisis.

Cirque du Soleil files for bankruptcy protection, terminates 3,500.

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