economy

Congress on brink of $2 trillion rescue for virus-hit US economy

by Michael Mathes WASHINGTON, United States (AFP) -- US lawmakers worked deep into Tuesday night trying to seal a deal…

Saudi king to chair G20 video talks on coronavirus Thursday

RIYADH, Saudi Arabia (AFP) -- Saudi Arabia's King Salman will chair an emergency virtual summit of leaders from the Group…

Philippines suspends stock market trade over virus fears

MANILA, Philippines (AFP) -- The Philippines suspended trade on its local stock exchange Tuesday, becoming the first country to close…

Eurogroup chief says EU living ‘war-like’ conditions

BRUSSELS, Belgium (AFP) -- Eurogroup chief Mario Centeno warned on Monday that under the coronavirus outbreak the European economy is…

Bank of Japan unveils emergency measures over virus

by Richard CARTER / Miwa SUZUKI TOKYO, Japan (AFP) -- The Bank of Japan on Monday unveiled a series of…

With store shelves emptying, Trump assures US has ‘no shortages’

WASHINGTON, United States (AFP) -- Food has been quickly disappearing from US supermarket shelves in signs of panic-buying but President…

Australia unveils $11billion stimulus to avert virus downturn

SYDNEY, Australia (AFP) -- Australia on Thursday unveiled a massive US$11 billion spending plan designed to curb the economic impact…

Trump announces steps to combat coronavirus’ economic fallout

WASHINGTON, United States (AFP) -- US President Donald Trump on Wednesday announced measures meant to shore up the economy reeling…

Britain pledges £30 bn package to combat coronavirus

LONDON, United Kingdom (AFP) -- Britain unveiled Wednesday a package of stimulus measures worth £30 billion ($39 billion, 34.4 billion…

China to allow some firms to return to work in Wuhan

BEIJING, China (AFP) -- Some companies in Wuhan, the Chinese city where the new coronavirus outbreak emerged late last year,…

Italy plans financial help for families caught in virus crisis

by Dmitry ZAKS ROME, Italy (AFP) -- Italy prepared Tuesday to let families skip mortgage and some tax payments to…

No compulsory quarantine of visitors to Thailand: health ministry

BANGKOK, Thailand (AFP ) -- Thai health authorities on Friday said they would not order the compulsory quarantine of visitors…

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