Fed, Bank of England ramp up emergency responses to escalating coronavirus recession; push deeper into uncharted territory
The Fed, in its boldest move to date to soften the historic shutdown of much of the US economy, pledged $2.3 trillion to help local governments on the front lines of the health crisis and to prop up small and mid-sized businesses.
Talking of the employment sector, Yellen said she was expecting higher percentages of unemployment due to the coronavirus outbreak.
ISB deletes tweet dissociating from Shamika Ravi amidst last year's plagiarism row; Brookings reinstates economist's 2019 piece
The International School of Business had attempted to disassociate itself from Ravi on 29 May with a tweet stating that she was 'not a permanent faculty member'.
At a three-day conference in San Diego on an array of economic topics, one stood out: The textbook view of central banking, where low unemployment produces unwanted inflation that monetary policymakers can counter with interest-rate hikes, is at least badly hobbled if not fully broken
Just as were getting ready to see a cow vigilante on Mint Street, the Centre unleashed Patel on us.
Sextortion using nude photos of someone to press for even racier content or other goods is surprisingly common, a US think tank says in what it calls the first in-depth study of another danger lurking in cyberspace.
World Bank projects 702 million people or 9.6% of world's population to live in extreme poverty in 2015, down from 902 million people or 12.8% in 2012
Macau, the Chinese territory known for casino gambling, outperformed the rest of the world's major cities economically last year, according to a report by Brookings Institution and JPMorgan Chase. Cities in the developing world, especially China, dominated the top of the annual economic rankings of 300 cities worldwide by the Brookings Institution and JPMorgan Chase. One exception: Bangkok, Thailand, came in last, its economy wrecked by political strife.
More than 1.2 billion people are living on less than $1.25 a day and 2.4 billion are living on less than $2 a day, UN Secretary-General Ban Ki-moon said.
Tamil Nadu Chief Minister Jayalalithaa possesses a sharp mind and is committed to making a difference in her new term, one of the Washington's oldest and most prestigious think-tank has said.