Japanese Prime Minister Shinzo Abe pledged on Monday to roll out an unprecedented economic stimulus package, equal to 20% of economic output, as his government vowed to take “all steps” to battle deepening fallout from the coronavirus.
U.S. Federal Reserve officials launched an economic rescue plan in record time last month as the coronavirus pandemic spread, reaching decisions that may shape the global economy for decades to come in the space of a few frantic weeks.
Stocks of Chinese companies broadly climbed early in the week driven by positive news flows.
Margaret Harwood-Jones, global head of securities services at Standard Chartered, shares her insights on platform standardisation, opportunities in Asia and regulatory change to encourage sustainable development.
Debt nation: Canada borrowed itself into a tough spot, now it must borrow its way out of coronavirus crisis
Murdoch Alexander MacPherson had come to Toronto bearing feel-good stories about debt.
Over the past few years, the United States’ approach to China has taken a hard-line turn.
In its succinct conflation of the new coronavirus with a crisis of globalization under U.S. President Donald Trump’s “Make America Great Again” banner, Bildt’s tweet represents a common line of thinking.
As the coronavirus outbreak forced classes online, Boston Public Schools ordered 20,000 laptops and had them in hand in four days – an unusually fast turnaround made possible by a build-up of inventory prompted by the U.S.-China trade war.
To get things done in partisan Washington, Mr. Mnuchin has relied on an ability to keep President Trump’s trust while working with Democrats and others Mr. Trump distrusts, particularly House Speaker Nancy Pelosi and Federal Reserve Chairman Jerome Powell.
Japan’s ruling party called for stimulus worth a total of 100 trillion yen ($926 billion), or 16-17% of economic output, to combat the hit to the economy from the coronavirus.