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June jump in US jobs belies long recovery

Bloomberg Employers probably kept hiring millions of Americans in June as states gradually lifted pandemic-related restrictions on businesses in a delicate balancing act of getting economies rolling again while limiting infection rates. Economists project the Labour Department will report a three million increase in payrolls after a surprising 2.5 million gain a month earlier. The back-to-back gains, nonetheless, pale in ...

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Wirecard vows to continue with activities amid insolvency steps

Bloomberg Wirecard AG expects its provisional insolvency administrator to be appointed shortly as the scandal-hit payment company said its business activities will continue. Once lauded as one of Germany’s most successful up-and-coming businesses, Wirecard filed for insolvency after the company said that 1.9 billion euros ($2.1 billion) previously reported as cash on its balance sheet probably doesn’t exist. In a ...

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Peru to ease quarantine measures

Bloomberg Peru will lift quarantine measures for most of the country starting July 1, easing one of the world’s strictest lockdowns as it faces a severe economic slide. Mandatory isolation orders will end for all but a handful of departments, according to a government decree, which left in place a state of emergency until July 31. Children and the elderly ...

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