Markets

The US is failing to get a handle on public-health challenges at a time when the economy is already weakening, says Mohamed A El-Erian.

The opportunity costs in terms of incomes and jobs make joining the Comprehensive Partnership for Trans-Pacific Partnership a top priority for the US when Joe Biden takes over, say Carlos Kuriyama and Dr Cai Daolu.

The bipartisan legislative deal expected to be unveiled by U.S. lawmakers on Sunday will grant U.S. airlines US$15 billion in new payroll assistance that will allow them to return more than 32,000 furloughed workers to their payrolls through March 31, sources briefed on the matter told Reuters.

WASHINGTON: U.S. lawmakers are expected to endorse US$1.9 billion to fund a program to remove telecom network equipment that the U.S. government says pose national security risks as part of a year-end spending bill and COVID-19 bill, a source briefed on the matter said Sunday. The Federal ...

A widespread hack of U.S. government networks has "genuinely impacted" about 50 companies or organizations, the head of one of the largest U.S. cybersecurity companies said on Sunday.

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 ...