Mnuchin expects to restart talks with Pelosi on new virus aid
Fed officials say Congress needs to pass more stimulus deal to keep recovery on track.
Category Archives: Economy
UK throws new lifeline to workers to stave off more layoffs
Chancellor Rishi Sunkak announces new incomes support scheme to help businesses keep workers in jobs.
Wall Street tug-of-war as US stocks try to shake off concerns
Volatility on Wall Street is rife as mixed economic news taps optimism and pessimism among investors.
US firm pleads guilty to paying bribes in Brazil, Venezuela
A United States asphalt company has agreed to pay $16.6m in fines for paying bribes to officials.
Fed officials stress need for Congress to pony up more COVID aid
Several Fed officials on Wednesday said more relief aid from Congress is needed to keep the economic recovery on track.
Trump admin slaps sanctions on imports of Cuban rum, cigars
New round of sanctions also prohibits Americans from staying at properties owned by the Cuban government.
‘My own unconscious bias’ – Wells Fargo CEO issues apology
CEO Charles Scharf apologises for comments blaming 'limited pool of Black talent' for lack of diversity in recruiting.
Gold prices are slumping – could they fall further?
Global stimulus, negative real interest rates and dollar weakness all helped gold rally to record highs this year.
Facebook voter misinformation vetting tool faulted as ineffective
Watchdog says Facebook not giving states all data they need to spot disinformation, including voter suppression efforts.
Uncle Ben’s rice gets rebrand after racial stereotyping criticism
Seventy-year-old brand is the latest company to drop a logo long-accused of promoting racial stereotypes.
US stocks mixed as Nike sets record, Tesla fails to lift
J&J shares trading higher after drug giant announced it has entered phase 3 trials for its potential COVID-19 vaccine.
Fed, Treasury chiefs: economy needs more COVID help from Congress
Powell and Mnuchin say the economy is rebounding, but more spending by Congress is likely needed.
US airlines to make plea for new bailout ahead of Oct 1 layoffs
US airlines will make a last-ditch bid to persuade Congress for a new $25bn bailout to avert thousands of furloughs.
Biden would end ‘artificial trade war’ with EU, adviser says
Democratic presidential nominee would also work to fix imbalances in agricultural trade between the two blocs.
Austerity could trigger double-dip recession, UNCTAD warns
A repeat of financial crisis era government spending cuts could foster even greater economic inequality, says UN agency.
Is Nigeria’s surprise interest rate cut enough to boost economy?
Nigerians have been squeezed by soaring food prices, while COVID-19 oil disruptions have added to US-dollar shortages.