Business & Financial News, U.S & International Breaking News

After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top business economists sees high joblessness persisting for more than a year in an outcome that would douse hopes for a quick, post-pandemic return to normal.

Michael Cohen, U.S. President Donald Trump's former personal attorney, has been placed in solitary confinement at a federal prison in New York state where he is serving time for violating campaign finance laws, according to his lawyer and two sources familiar with the matter.

Harvey Weinstein, who is serving a prison sentence for rape, has no symptoms of the coronavirus, his spokesman said on Thursday, more than two weeks after a union official for corrections officers said the former movie producer had tested positive.

Singapore has suspended the use of video-conferencing tool Zoom by teachers, its education ministry said on Friday, after "very serious incidents" occurred in the first week of a coronavirus lockdown that has seen schools move to home-based learning.

European Union finance ministers agreed on Thursday on half-a-trillion euros worth of support for their coronavirus-battered economies but left open the question of how to finance recovery in the bloc headed for a steep recession.

During Nicaragua's devastating civil war in the 1980s, youthful revolutionary Daniel Ortega toured every town in the Central American nation, clad in his green Sandinista uniform.