economy

Painful 2020 ends for US workers and layoffs could rise again

by Chris Stein and Heather Scott WASHINGTON, United States (AFP) -- Despite a drop in weekly jobless claims, the US…

Jobless to get weekly aid despite Trump’s last-minute approval, US says

  WASHINGTON, United States (AFP) -- Jobless Americans who risked not receiving unemployment aid this week due to President Donald…

US Congress approves $900 billion stimulus package

by Heather SCOTT WASHINGTON, United States (AFP) -- US lawmakers on Monday approved a $900 billion relief package for the…

Strong virus response helps Vietnam’s economy weather pandemic

by Alice Philipson and Tran Thi Minh Ha HANOI, Vietnam (AFP) -- A strong response to the coronavirus pandemic, surging…

Japan business confidence improves again after virus plunge

TOKYO, Japan (AFP) -- Confidence among major Japanese manufacturers has recovered further after plunging on pandemic woes to its worst…

Surge in US jobless claims underscores need for stimulus

by Heather SCOTT WASHINGTON, United States (AFP) -- New applications for US unemployment benefits surged last week by 137,000, according…

Wealth of US billionaires soars during pandemic

  NEW YORK, United States (AFP) -- America's billionaires have seen their wealth rise by more than $1 trillion since…

China mulls joining trade pact dumped by Trump: Xi

KUALA LUMPUR, Malaysia (AFP) -- China will consider joining a free trade pact once championed by the US but abandoned…

Australia exits first recession in almost 30 years

SYDNEY, Australia (AFP) -- Australia has exited its first recession in almost 30 years, after official figures on Wednesday showed…

Biden pledges help ‘on the way’ for US economy

by Chandan KHANNA with Heather SCOTT in Washington WILMINGTON, United States (AFP) -- President-elect Joe Biden presented his economic team…

New US jobless claims at 778,000, second week of increase

WASHINGTON, United States (AFP) -- New applications for jobless aid in the United States saw their second back-to-back weekly increase,…

Saudi to host online G20 summit amid pandemic, recession

by Anuj Chopra RIYADH, Saudi Arabia (AFP) -- Saudi Arabia hosts the G20 summit Saturday in a first for an…

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