Bangladesh’s textile industry, the backbone of its economy and its largest foreign exchange earner, is facing a severe crisis amid diminishing government support and policy shifts under the interim administration in Dhaka. The turmoil in the sector, which accounts for nearly $48 billion in annual exports, has raised concerns over job losses and declining global competitiveness.

Bangladesh’s garment sector faces crisis

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Are you one of those who recently lost your job? Here are six ways you can dodge going moneyless after the job loss.

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South Kashmir’s famed ‘Pencil Village of India’ now in distress due to Covid

As a growing number of states, cities and private companies start to enforce mandates for inoculation against COVID-19, thousands of unvaccinated workers across the United States are facing potential job losses.

US: Workers face job losses as vaccine mandates kick in

The garment sector has been severely impacted due to the coronavirus pandemic and now they are left with only two choices. One choice is to adapt and the other is to go bust.

Crisis of designers, retailers, and shoppers in Coronavirus pandemic

UK suffers biggest job losses since 2009 as COVID hits

Lufthansa put German workers on notice of compulsory lay-offs on Thursday, saying tumbling air travel and slow progress in union negotiations meant cuts were unavoidable after it lost 1.7 billion euros ($2 billion) in a single quarter.

Lufthansa plans compulsory lay-offs as forecasts travel slump to 2024

An estimated 14 percent of working hours were lost in the second quarter, equivalent to 400 million full-time jobs

'No return to pre-pandemic level in 2020', states ILO

The UK’s hospitality sector has taken a dramatic financial hit since they were ordered to close down in the month of March.

UK: Cafes struggle to stay afloat

India's finance minister Nirmala Sitharaman said, Five pillars of "Atmanirbhar Bharat" include - economy, infrastructure, system, demography and demand.

Indian government outlines economy revival plan

As a Coronavirus pandemic is staring a path of world economies, we are certainly staring at a devastating recession. Fears are growing that the worldwide economic downturn could be deep and lengthy with recovery limited by continued anxiety.

COVID-19: How much will the global economy lose?

The biggest job loss America history has revealed a deep gender bias, according a recent jobs report. In the United States, 20.5 million jobs were wiped out in April with unemployment rising to 14.7 per cent, the highest since the Great Depression. As per the report, it appears that women, especially single moms have been hit harder by the economic downturn.

US: Unemployment among women 3 points higher than men

As COVID-19 pandemic hits supply and demand in the world, the US private employers laid off a record 20.236 million workers in April. Watch this video to know more.

US: 20.2 million private sectors workers laid off in April

Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednesday.

COVID-19 pandemic has hit ride-hailing firms, Uber to cut 3,700 jobs

US government moved to clamp down the movement of citizens while announcing curfews in New Jersey state and San Francisco due to the rapid spread of coronavirus in the country.

Trump says pandemic not under control

Investors in India's equity markets have a reason to cheer today. The benchmark indices scaled new peaks. But the economy is sputtering. Palki Sharma summarises the state of the Indian economy with five key indicators.

Gravitas: Summarising the state of the Indian economy

The remaining 27 EU states agreed at a summit earlier this month to start analyzing feasible?the options for trade talks with the UK.

Bank of England suspects upto 75,000 job losses in financial services post-Brexit

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