people back into their jobs as christ possible don't spring for deputy director of the center for european reform thank you. thank you for now to some of the other global business stories making news the biden administration has added 7 chinese supercomputer research labs and manufacturers through a use export blacklist the latest escalation of beijing over technology and security training support for computers are assembled from american processor chips and other hardware and can be used in weapons development according to the white house new claims for unemployment benefits in the united states rose to 744000 last week exceeding economists expectations was the 2nd straight increase analysts still expect the labor markets to make a recovery this year as vaccinations tame the current of ours outbreak and government stimulus helps the economy gain momentum 26000000 jobs have been lost in latin america and to curb in due to the coronavirus pandemic that's according to the international labor organisation the ilo warns that ambition ambitious actions are needed for the regional labor markets to reco

alix: really appreciate it, christian odendahl, center for european reform chief economist.is bloomberg. ♪ ♪ ritika: it is time for the bloomberg business flash. i'm ritika gupta. it is a record-breaking blank check merger. south east asia's most valuable startup is going public in a spac deal. the ride-hailing and food delivery company is set to have a valuation of almost $40 billion. american airlines still feeling the pain from coronavirus lockdown. american says its first-quarter loss will be worse than expected, as much as $2.8 billion. revenue was down some 62% from the first quarter of 2219. -- of 2019. bitcoin rising to an all-time high today, crashing through the $62,000 threshold, breaking the markets at last month. crypto bulls are out in force as a growing number of companies embrace bitcoin. that is your bluebird business flash. alix: iran is ramping up its nuclear program -- your bloomberg business flash. alix: iran is ramping up its new peer program in reaction to -- it's nuclear program in reaction to sabotage over the weekend. officials say they do not know