Epidemics
Mario Draghi has emphasized that Europe can only fully recover from the economic impact of the coronavirus pandemic if governments use their increased debt to invest in young people, innovation, and research. Draghi, the former European Central Bank president, stated that high debt levels will be sustainable only if used
Epidemics
The prospects for a swift agreement on a new round of economic aid between the Trump administration and congressional Democrats have faded, with President Trump expressing little interest in a broad economic recovery package that would necessitate negotiations with his opponents. The president has expressed a preference for a narrower
COVID-19
Representatives from the Caribbean Community (CARICOM) gathered for an in-depth discussion on the urgency of addressing the care economy and its impact on women, who comprise the majority of unpaid care workers. The discussion, convened by the United Nations Development Fund for Women (UNIFEM) and the Inter-American Development Bank (IDB)
Epidemics
As the nation grapples with the COVID-19 pandemic, Congresswoman Maxine Waters, Chairwoman of the House Committee on Financial Services, and Congressmen Wm. Lacy Clay and Denny Heck have sent a letter to Dr. Mark Calabria, Director of the Federal Housing Finance Agency (FHFA), urging the agency to pause a rulemaking
COVID-19
Congresswoman Lauren Underwood (IL-14) has announced the successful passage of federal resources for key priorities of the Fourteenth District of Illinois in the first House appropriations bill for Fiscal Year 2021, H.R. 7608. This legislation package includes support for COVID-19 economic recovery, ethylene oxide monitoring, and Underwood's
Epidemics
Chancellor Rishi Sunak is reportedly drawing up plans for a state-owned infrastructure bank to provide billions of pounds in funding for capital projects, as the government seeks to boost Britain's economic recovery following the pandemic. With the country's departure from the European Investment Bank (EIB) looming,
Epidemics
As countries struggle to recover from the economic downturn caused by the spread of Covid-19, the People's Bank of China (PBoC) has taken a unique approach to stimulate the economy, one that differs significantly from the conventional quantitative easing measures employed by the US Federal Reserve (Fed). While
COVID-19
In a televised address, President Nicos Anastasiades announced a ?2 billion economic revival package to help the country recover from the economic impact of the COVID-19 crisis. The package includes a wide range of measures, such as liquidity grants, interest rate subsidies, and home loan subsidies, aimed at supporting small
Epidemics
As the pandemic continues to affect the US, states that were previously swamped by coronavirus cases are now considering reinstating restrictions to slow its spread. The recent surge in cases, particularly in Florida, Arizona, and California, has prompted Vice President Mike Pence to acknowledge the situation, urging Americans to take
Epidemics
The COVID-19 pandemic is expected to trigger a deeper and longer recession than initially anticipated, with three major banks - JPMorgan Chase, Wells Fargo, and Citigroup - reporting significant declines in quarterly profits. While the banks' financial strength is intact, they are preparing for a more prolonged economic downturn,
COVID-19
Prime Minister Justin Trudeau has spoken with US President Donald Trump, urging him to think twice before imposing new tariffs on Canadian aluminum. Trudeau stressed that the aluminum sector is emerging from the pandemic-induced production posture that prompted the White House's consideration of such measures in the first
Epidemics
As the COVID-19 pandemic spreads across the globe, Puerto Rico has taken one of the country's hardest economic hits, with its economy contracting by an estimated 4% and over 300,000 people filing unemployment claims linked to the pandemic. The island's labor secretary, Briseida Torres, resigned
