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An increase in layoffs pushed US claims for unemployment insurance higher last week but the jobs market remains tight, Labor Department data showed Thursday. Initial jobless claims, a sign of the level of layoffs, rose by 17,000 in the week to April 30 to 274,000. While the Labor Department report does not tabulate layoffs, the consultancy Challenger, Gray and Christmas reported Wednesday that job cuts by US employers jumped 35 percent last month to more than 65,000, taking the total layoffs since the beginning of the year to over 250,000, the highest level for that period since 2009.
DAMASCUS, Syria (AP) — A car bomb exploded in the main square of a central Syrian village on Thursday and once people gathered to help the victims, a suicide bomber riding a motorcycle detonated his explosives belt nearby, killing at least 10 people and wounding scores, state media and the regional governor said.
By Ercan Gurses and Nick Tattersall ANKARA/ISTANBUL (Reuters) - Ahmet Davutoglu announced on Thursday that he was stepping down as leader of Turkey's ruling AK Party and therefore as prime minister, bowing to President Tayyip Erdogan's drive to create a powerful executive presidency. In a speech defending his record but also vowing loyalty to Erdogan, Davutoglu said he had kept his party and the government intact during a tumultuous period and pledged that "strong" AKP government would continue. After a leadership meeting of the party founded and dominated by Erdogan, Davutoglu told reporters that, under the current circumstances, he would not run again for leader at an extraordinary party congress on May 22.