Ukraine war fuels new surge in energy prices – BBC News
Analysts are warning of a huge increase in energy bills and fuel prices due to the war in Ukraine. The…
Soldiers can fire without warning – Kazakh president – BBC News
The President of Kazakhstan has ordered his security forces to use lethal force on protestors, after days of unrest following…
Ethiopia's PM Abiy Ahmed lauds early filling of controversial massive dam
Ethiopian Prime Minister Abiy Ahmed on Wednesday lauded the “historic” early filling of a massive dam on the Blue Nile…
Africa-China: Coronavirus hurts business [Business Africa]
African economies are also affected by the coronavirus, with China as their largest trading partner.* Until a few weeks ago,…
Black LGBTQ Americans Face Disproportionate Economic Hit From COVID-19, Study Finds
MEXICO CITY, Aug 4 (Thomson Reuters Foundation) – Black LGBT+ people are getting struck hard economically by the coronavirus pandemic…
From CFA Franc to Eco: the end of an era? [Business Africa]
Ivorian President Alassane Ouattara announced an overhaul of the CFA franc, a currency used by eight states in West and…
Somalia's giant economic strides, secures $1.4 bn debt cancellation
The Paris Club of creditor countries have agreed to restructure Somalia’s external public debt with an immediate cancellation of 1.4…
Asia Tonight: Business news in brief Feb 20
Business Briefs on Asia Tonight, Feb 20: – Foxconn has warned of negative revenue impact from COVID-19 outbreak – Thailand’s…
Biden eyes GOP supporters while Trump focuses on his base
In the four months since Joe Biden effectively won the Democratic presidential nomination, he has focused on consolidating the party’s…
No end in sight, Congress confronts new virus crisis rescue
WASHINGTON — It stands as the biggest economic rescue in U.S. history, the $2.2 trillion coronavirus relief bill swiftly approved…
UK economic bounceback in May far slower than anticipated
The British economy grew by far less than anticipated during May, dampening hopes that the recovery from what is set…
US budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the…
US envoy forges ahead with troubled Taliban peace deal
Washington’s envoy to Afghanistan emphasized the economic benefits of the peace deal with the Taliban, forging ahead with an agreement…
Coronavirus deaths rising fast in Europe and US – BBC News
Coronavirus is claiming more lives across Europe and in the United States. Italy is seeing the fastest rise in deaths…
Another 1.5 million US workers file for unemployment insurance
New jobless claims have been in the millions each week for over three months. June 25, 2020, 1:01 PM 3…
Despite surge warning from top health officials, Trump repeats coronavirus ‘going away,’ uses racist description
Dr. Anthony Fauci said the next two weeks are critical in containing the surge. June 24, 2020, 3:06 PM 7…
Report: State, local aid needed to avert 4 million layoffs
WASHINGTON — A new private sector report is warning anew of continuing damage to the economy if Washington doesn’t deliver…
Treasury chief refusing to disclose recipients of virus aid
WASHINGTON — Building ramparts of secrecy around a $600 billion-plus coronavirus aid program for small businesses, Treasury Secretary Steven Mnuchin…
Virus, racial unrest force Trump campaign to recalibrate
WASHINGTON — Less than five months before voters will decide his fate, President Donald Trump is confronting a vastly different…
A US recession began in February in the face of coronavirus
The U.S. economy entered a recession in February, a group of economists declared Monday, ending more than a decade of…
Thousands are volunteering to be laid off
More than 10,000 people have already accepted buyout offers to leave their companies, despite unemployment being at the highest level…
After Covid, we may be in a volatile gig economy that relies heavily on the internet
Small businesses are struggling to stay afloat and people are already relying more on internet gigs. Experts predict that post-pandemic,…
Trump Demeans Female Black Reporter As She Challenges Him On Black Unemployment
President Donald Trump attempted to silence then angrily demeaned Yamiche Alcindor, a Black female reporter, on Friday when she pressed…
Trump calls improved jobs numbers ‘great day’ for George Floyd
As he touted surprising new jobless numbers showing unemployment had improved in May despite getting worse as predicted, President Donald…
Trump avoids tough questions on race, as White House pushes alternate reality: ANALYSIS
For months, President Donald Trump and his White House advisers have pushed an alternate reality as the novel coronavirus spread…
For Black Women, There’s Nothing To Celebrate In The Unemployment Numbers
President Donald Trump was quick to celebrate a surprise fall in the unemployment rate on Friday morning, practically exploding with…
Hong Kong on borrowed time as China pushes for more control
BANGKOK — Hong Kong has been living on borrowed time ever since the British made it a colony nearly 180…
Local leaders resist Mexico president’s push for reopening
MEXICO CITY — Local governments across Mexico pushed back Monday against President Andrés Manuel López Obrador’s call to reopen the…
European leaders are blunt: A vaccine won’t come soon enough
SOAVE, Italy — In separate, stark warnings, two major European leaders bluntly told their citizens that the world needs to…
Powell warns of a possible sustained recession from pandemic
WASHINGTON — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral…
Coronavirus deals U.S. economy Great Depression-like job losses, high unemployment
WASHINGTON (Reuters) – The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since…
U.S. unemployment rolls seen swelling as coronavirus restrictions bite
WASHINGTON (Reuters) – Millions more Americans likely sought unemployment benefits last week, suggesting a broadening of layoffs from consumer facing…
Trump to ABC’s David Muir: ‘Possible there will be some’ COVID-19 deaths as country reopens
President Donald Trump said in an exclusive interview with ABC “World News Tonight” Anchor and Managing Editor David Muir on…
Unemployment benefits: Claims from Asian Americans have spiked 6,900% in New York. Here’s why
Jing Fong’s dining room is massive; a destination for banquets and weddings, it can hold up to 794 people —…
The economy can’t recover until parents have child care again
“Covid-19 has taught us a lot of things, but one critical thing it’s showed us is how important child care…
NY hospital lobby’s power stretches to DC in stimulus battle
WASHINGTON — The stated mission of The Greater New York Hospital Association is simple enough: to help members deliver “the…
Irrfan Khan, of ‘Slumdog Millionaire,’ ‘Life of Pi,’ dies
Irrfan Khan, a veteran character actor in Bollywood movies and one of India’s best-known exports to Hollywood, has died at…
The US reopening is coming, but ‘normal’ is still a ways off
NEW YORK — Everyone wants to know: When, oh when, will it go back to normal? As some governors across…
Coronavirus government response updates: Trump unveils plan to help states ramp up testing
President Donald Trump held a late afternoon news conference Monday to unveil what he and his White House task force…
COVID-19 jobless rates will be comparable to Great Depression: Trump economic adviser
Kevin Hassett, the president’s economic adviser, appeared on ABC’s “This Week.” April 26, 2020, 4:38 PM 5 min read 5…
Trump: Postal Service must charge Amazon more, or no loan
President Donald Trump says he won’t approve a $10 billion loan for the U.S. Postal Service unless the agency raises…
UN food agency chief: World on brink of ‘a hunger pandemic’
The head of the U_N_ food agency is warning that, as the world is dealing with the coronavirus pandemic, it…
Criminal records shut small biz owners out of aid program
WASHINGTON — Damon West was hoping the government’s coronavirus rescue package for small business owners would help replace the income…
Global health crisis pits economic against health concerns
WASHINGTON — The global health crisis is taking a nasty political turn with tensions worsening between governments locked down to…
Jimmy Kimmel Tweaks Donald Trump’s 3 Phases To Reopen The Economy
Jimmy Kimmel on Thursday addressed the president’s three-phase comeback plan for the economy during the coronavirus pandemic that involves gradually…
`LIBERATE!’: Trump pushes states to lift virus restrictions
WASHINGTON — President Donald Trump urged supporters to “LIBERATE” three states led by Democratic governors Friday, apparently encouraging protests against…
China crude oil runs hit 15-month low as virus cripples demand
BEIJING/SINGAPORE (Reuters) – China’s daily crude oil throughput in March sank to a 15-month low with state refiners maintaining deep…
7 Midwest states to partner on reopening the economy
Seven Midwestern governors announced Thursday that they will coordinate on reopening their state economies, after similar pacts were made earlier…
Inside Trump’s plan to reopen the American economy
The president unveiled a plan to governors, ABC News learned. April 16, 2020, 8:36 PM 3 min read 3 min…
Trump claims he, not governors, has power over states on deciding reopening country
Now that his once-hoped-for goal of reopening the country by Easter has come and gone, President Donald Trump has set…
Trump says it’s his call when to ease virus rules, not govs’
WASHINGTON — President Donald Trump claimed the authority Monday to decide how and when to reopen the economy after weeks…
Virginia gov seeks to delay minimum wage hike due to virus
Citing economic uncertainty caused by the coronavirus pandemic, Virginia Gov. Ralph Northam has proposed an amendment to a bill increasing…
From people and firms desperate for aid, one question: When?
BALTIMORE — It’s been two weeks since President Donald Trump signed into law a $2.2 trillion economic rescue package that…
Stores try to stay relevant while their doors are closed
NEW YORK — Long before there was a global coronavirus pandemic, brick-and-mortar retailers struggled to get people to walk through…
Hogan, Cuomo call for additional $500B in aid to states
Governors Larry Hogan of Maryland and Andrew Cuomo of New York issued a bipartisan call Saturday for an additional $500…
1st round of stimulus checks arrive via direct deposit
Those who have not filed taxes are being directed to go to IRS.gov. April 11, 2020, 7:55 PM 5 min…
U.S. six-month deficit rises to $744 billion ahead of virus budget storm in April
WASHINGTON (Reuters) – The United States racked up a $744 billion budget deficit in the first half of fiscal 2020,…