A woman walks through an empty mall parking lot days

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A woman walks through an empty mall parking lot days before the phased reopening of businesses and restaurants from coronavirus disease (COVID-19) restrictions in Atlanta, Georgia, U.S. April 22, 2020. REUTERS/Elijah Nouvelage

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House Speaker Pelosi expects Republican support for U.S. Postal Service bill

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WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi said on Monday she expects to receive Republican support for a Democratic bill the House will consider this weekend to aid the Postal Service amid concerns over its ability to handle a flood of mail-in ballots in the Nov. 3 election. “We expect to receive […]
World News

As China splashes out vouchers to revive retail, many just buy necessities

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By Sophie Yu and Tony Munroe BEIJING (Reuters) – China is handing out billions of yuan in shopping coupons to support retailers crushed by the COVID-19 outbreak, but the subsidies are doing little to support the kind of discretionary spending needed to revive the economy. Instead, a big chunk of the vouchers end up spent […]
World News

IMF calls Argentine debt ‘unsustainable,’ says bondholders must help resolve crisis

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By Eliana Raszewski BUENOS AIRES (Reuters) – The International Monetary Fund warned Argentina’s bondholders on Wednesday that they would likely need to take a hit to help resolve the country’s “unsustainable” debt burden. The fund, wrapping up a week-long visit to Argentina, said rising public debts meant the country needs a definitive plan to restore […]