Epidemics
The US airline industry is showing signs of rebounding as the summer holiday season starts, with more travelers passing through US airports than at any time since the pandemic took hold. The US Transportation Security Administration (TSA) reported that nearly 2 million people flew at the start of the Memorial
Epidemics
As the global economy slowly emerges from the COVID-19 crisis, the pace of recovery remains uneven, with advanced economies such as Canada experiencing a resurgence, while low-income and developing countries continue to struggle with unequal access to vaccines and health supplies. According to the Organization for Economic Co-operation and Development
Epidemics
As French bars and restaurants reopened, President Emmanuel Macron faced a critical moment: how to wean the coronavirus-battered economy off life support. Macron's government had promised to do "whatever it takes" to support businesses and workers with an array of programs, but now, as emergency aid
Epidemics
The U.S. Department of Commerce's Economic Development Administration (EDA) has awarded a $3 million CARES Act Recovery Assistance grant to Union County Fiscal Court in Morganfield, Kentucky, to support sanitary sewer infrastructure improvements necessary for business and job growth in the face of the coronavirus pandemic. This
Epidemics
Chinese factories are a telling sign of inflation as the global economy recovers from the coronavirus pandemic, with the country's producer price index (PPI) rising 6.8 percent year on year in April, its fastest pace of growth in more than three years. The surge was driven by
Epidemics
As the world grapples with the COVID-19 pandemic's devastating health and economic crisis, the United Nations (UN) and the Islamic Development Bank have come together to explore how Islamic social financing can support the pandemic response, economic recovery, and sustainable development. The International Dialogue on the Role of
Epidemics
Airline executives, led by CEOs such as Gary Kelly of Southwest Airlines and Doug Parker of American Airlines, are expressing optimism about the industry's turnaround due to the rising vaccination rates, declining COVID-19 cases, and easing of travel restrictions. This spike in travel demand, which started in March,
Epidemics
Mario Draghi's presidency has dramatically shifted the dynamics of the EU, with Italy emerging as a credible partner and a driving force behind the continent's economic recovery. Less than four months into his tenure, Draghi has faced criticism from some quarters that expectations for his leadership
Epidemics
As the European Central Bank's (ECB) officials expressed confidence in the eurozone economy's rebound, ECB President Christine Lagarde cautioned against premature talk of tapering the bank's emergency bond purchases. Despite the improving outlook, fueled by accelerated vaccination rates and expected easing of containment measures,
Epidemics
In a decisive break from the past quarter century of balanced budgets and modest government, the federal Liberals have unveiled a new vision for government-led economic growth. The 2021 budget sets out to spend-heavily, with $135.2 billion in new spending over five years, aimed at accelerating economic growth and
Epidemics
Federal Reserve Chair Jerome Powell says the American economy "has brightened substantially" as more people are vaccinated and businesses reopen, but cautions that the crisis is not yet over and warns of risks from coronavirus flare-ups if Americans return to normal life too quickly. The Fed has held
Epidemics
As the World Bank Group and International Monetary Fund (IMF) held their joint meetings, with G20 finance ministers and central bank governors in attendance, a renewed emphasis on global cooperation emerged. The pandemic, economic divergence, and climate change were identified as top concerns requiring urgent collective action. U.S. leadership,
