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German joblessness hits four-year high

Bloomberg German unemployment rose to the highest level since late 2015, underscoring the struggle that even countries with well-established safety nets face in shielding workers from the pandemic-induced crisis. The number of people out of work rose by 238,000 in May, following an even bigger jump the previous month, according to the Federal Labour Agency in Nuremberg. Economists at the ...

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Google sued for secretly amassing vast trove of user data

Bloomberg Google surreptitiously amasses billions of bits of information — every day — about internet users even if they opt out of sharing their information, three consumers alleged in a proposed class action lawsuit. “Google tracks and collects consumer browsing history and other web activity data no matter what safeguards consumers undertake to protect their data privacy,” according to the ...

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Global stocks prolong rally; dollar drops to March low

Bloomberg The global rally in stocks held its momentum on Wednesday as investors showed more optimism of quick economic recovery from the coronavirus pandemic. Treasuries dipped with gold, and a dollar gauge hit its lowest level since early March. Gains in insurance and auto shares pulled the Stoxx Europe 600 Index higher. Contracts on the S&P 500 Index rose along ...

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