The U.S. Congress was poised to vote on Sunday on a US$900 billion coronavirus aid package after senators struck a late-night compromise to clear one of the final hurdles, a dispute over Federal Reserve pandemic lending authorities.
Last December the first infection with the new coronavirus was reported to the World Health Organization. Twelve months later, as the charts below show, global financial markets have been on a roller coaster like no other.
WASHINGTON: Top congressional lawmakers struck a late-night agreement on the last major obstacle to a COVID-19 economic relief package costing nearly US$1 trillion, clearing the way for votes as early as Sunday (Dec 20). A Democratic aide said in an email that an agreement had been reached late ......
TOKYO: Pharmaceutical firms must be "very transparent" about the risks and benefits of vaccines in efforts to end the COVID-19, the head of Asia's largest drugmaker has told AFP. Takeda, one of the world's biggest pharmaceutical companies, is not developing its own vaccine but has contracts with ...
NEW YORK: Quincy Krosby, chief market strategist at Prudential Financial, does not hold back in describing 2020 on Wall Street: "a year of extreme extremes." From the start of the coronavirus pandemic that sent stocks crashing, to their resurgence after the approval of vaccines holding the best ...
SAN FRANCISCO: Silicon Valley is seeing departures of some of its high-profile stars as a pandemic-linked shift to remote work and political polarisation have dulled the allure of the key tech industry hub. Nightmarish traffic and high living costs were already causing disenchantment even before ...
SEOUL: Pyongyang plans to redevelop its flagship Mount Kumgang tourist complex into an international resort, a year after leader Kim Jong Un ordered South Korean-built buildings there demolished, state media reported Sunday (Dec 20). The resort - once a prominent symbol of inter-Korean economic ...
REUTERS: A senior lawmaker is concerned the Pentagon is pushing to split the National Security Agency, America's premier signals intelligence organization, from U.S. Cyber Command, the top cyberwarfare unit, in the last weeks of the Trump administration as the government responds to a major ...
LONDON: Business groups expressed concerns over Britain's new COVID-19 restrictions, with the Confederation of British Industry calling them a "real kick in the teeth" for many businesses. Matthew Fell, the CBI's chief UK policy director, told Reuters in an emailed statement that the move would ...
Business groups expressed concerns over Britain's new COVID-19 restrictions, with the Confederation of British Industry calling them a "real kick in the teeth" for many businesses.
