New Bank of Canada Governor Says COVID-19 Will Leave Lasting Changes on Economy
OTTAWA—Canada’s top central banker says there will be long-term economic damage from the COVID-19 pandemic as the country charts a “prolonged and bumpy” course to recovery. In his first speech as governor, Tiff Macklem says the central bank expects to see growth in the third quarter of this year as people are called back to work and households resume some of their normal activities as restrictions ease. But he warns that Canadians shouldn’t expect the short and sharp economic bounce-back expected over the coming months to last. The combination of uneven reopenings across provinces and industries, the unknown course of consumer confidence, and unemployment rates will “likely inflict some lasting damage to demand and supply,” Macklem says in a speech Monday. He said ongoing physical distancing rules may mean workplaces can’t…
BEIJING—Eight children drowned in a river in southwestern China after one fell in and the others jumped in to help, state media said June 22.
The children, described as elementary-school age, had gone to play at a beach Sunday on the Fu River, according to state broadcaster CCTV. Their bodies were recovered by Monday morning.
They came from Mixin, a town near Sichuan province on the outskirts of the sprawling metropolis of Chongqing. No further details were immediately available.
Heavy rain had been forecast for the area, but it wasn’t clear if the weather was a factor.
Focus News: 8 Young Children Drown in River in Southwestern Chinese City
Germany Condemns Weekend Violence, Looting in Stuttgart
German Chancellor Angela Merkel and the country’s top security official on June 22 decried an outburst of violence at the weekend in the southwestern city of Stuttgart, where hundreds of people attacked stores, vehicles, and police officers following a stop-and-search for drugs. Authorities say 24 people were arrested over Saturday night’s unrest and 19 police officers were injured. Merkel’s spokesman said the scenes “were abhorrent and must be strongly condemned.” “Anyone who takes part in such outbreaks of violence, brutally attacks police officers, and destroys and plunders shops cannot in any way justify it,” Steffen Seibert said Monday. Seibert thanked police officers nationwide, saying they “should know that the German government and millions of people stand behind you.” Interior Minister Horst Seehofer, who called for “swift and tough” punishment of…
