-
Iran, Russia-led trade bloc push regional convergence
Nov 17, 2020 11:32Representatives of the Eurasian Economic Union (EAEU), a trade bloc with an integrated market of 180 million people, are attending a conference in Iran’s port city of Anzali on the Caspian Sea to enhance regional convergence in economic and transit relations.
-
Trump administration unveils move to crack down on US investments in Chinese firms
Nov 13, 2020 04:51The administration of President Donald Trump has unveiled an executive order banning US investments in Chinese firms that Washington says are owned or controlled by the Chinese military.
-
Trump freezes wages of farmworkers following election day
Nov 12, 2020 15:44Just days after U.S. voters went to the polls, the Trump administration issued a little-noticed rule freezing the wages of farm laborers working under H-2A visas, a move that could severely harm low-wage guest workers who have already been hit hard by the coronavirus pandemic.
-
Billions locked in troubled Lebanese banks behind economic crisis: Syrian President
Nov 05, 2020 09:37Syrian President Bashar al-Assad has blamed the financial downfall in neighboring Lebanon and not the sweeping US sanctions as the root cause of the ongoing economic crisis in the war-torn country.
-
Billionaires now collectively hold a record-breaking $10 trillion in wealth
Oct 20, 2020 18:14Billionaire wealth increased to $10.2 trillion through the end of July, setting a new record amid the coronavirus pandemic even as millions of unemployed people fall into poverty.
-
France urges EU to impose WTO state aid sanctions over Boeing
Oct 16, 2020 12:45French Finance Minister Bruno Le Maire has urged the European Union to slap sanctions on the United States in their dispute over state aid for Boeing and Airbus.
-
Global billionaire wealth surged to record $10.2 trillion amid COVID-19 catastrophe
Oct 13, 2020 17:06While COVID-19 has taken the lives of over one million people across the globe and exacerbated economic precarity for millions more, the combined wealth held by the world's 2,189 billionaires has skyrocketed—increasing by 27.5% between April and July 2020 and reaching a record high of $10.2 trillion.
-
Tens of millions more expected to lose employer-based insurance in US by 2021
Oct 04, 2020 16:42The New York Times has recently reported that although some small businesses across the US were able to use funds from the Paycheck Protection Program (PPP) to cover their employees' health benefits, nearly a third of employers reported to Harvard Business School researchers in August that they didn't think they'd be able to pay for premiums this month and going forward.
-
US economy contracts at 31.4% in second quarter of 2020
Sep 30, 2020 14:06The US economy has witnessed sharpest contraction in decades during the second quarter of 2020 due to the coronavirus pandemic.
-
How the pandemic deepened the poverty pit
Sep 29, 2020 16:38From about 1990, ever more families acquired a safety net. That might be bank savings, a sibling in New Delhi or New York sending money home or a state clinic providing free basic health care. They were crossing the great human divide that separates the defenseless from the protected. Then came this year’s unprecedented shock. Because COVID-19 is global, it often shreds all a family’s safety nets at once.