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Wall Street rises on hopes worst for labor market is over

Wall Street gained on Thursday as jobless claims declined for the third straight week, raising hopes the worst of the coronavirus pandemic's impact on the labor market might be over, but a crash in business activity dulled sentiment.

U.S. new home sales tumble in March

Sales of new U.S. single-family homes dropped by the most in more than 6-1/2 years in March and further declines are likely as the novel coronavirus outbreak batters the economy and throws millions of Americans out of work.

German court opens first Syria torture trial

Two suspected members of President Bashar al-Assad's security services had charges of torture and sexual assault read out against them on Thursday in a German court, in what lawyers say is the first trial for war crimes by Syrian government agents.

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