US jobless claims top 26 million as lockdown continues

Some 4.4 million Americans filed for unemployment benefits last week. It brings the jobless total since the coronavirus lockdown began to a record-breaking 26.4 million. Many economists believe layoffs may have peaked, although state unemployment offices say they're still overwhelmed with new applications. Also, France cracks down on companies applying for state aid, saying they can't be based in tax havens or issue dividends. Air France's CEO has said he won't take his annual bonus, with the carrier on course for €10 billion in emergency support from the French and Dutch governments.

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