Coronavirus

The International Energy Agency cut forecasts for global oil demand “sharply” for the rest of this year as the resurgent pandemic hits major consumers, and predicted a new surplus in 2022.

Amazon.com Inc. will offer cash prizes of as much as $500,000 as well as cars and vacation packages to frontline employees who can prove they have been vaccinated against COVID-19.

The quandary facing America’s second-largest private employer is this: how to keep its facilities COVID-free without sparking a mutiny among workers who are desperately needed to keep operations running amid a tight labor market and strong online demand.

Economic indicators and forecasts from economists show trucking and the U.S. economy are in the midst of a strong recovery, though concerns remain about the persistent shortage of drivers and supply chain delays.

Global vaccinations of seafarers are going too slowly to prevent outbreaks on ships from causing more trade disruptions, endangering maritime workers and potentially slowing economies trying to pull out of pandemic slowdowns.

Applications for U.S. state unemployment insurance edged up last week, though remained near a pandemic low, as the labor market grinds its way toward a full recovery.

Applications for U.S. state unemployment insurance fell last week by more than projected, reaching a fresh pandemic low and suggesting that dismissals are abating as the economy reopens and labor demand rises.

The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades.

Crude oil inventories in America’s largest storage hub are falling fast as the post-pandemic demand rebound continues to outpace production.

The number of Americans applying for unemployment benefits dropped in the week ended June 19, a sign that layoffs declined and the job market is improving.