Flights to and from India into Australia have been suspended until May 15 amid increasing concerns over the nation’s escalating Covid-19 situation. “We recognise that this has been a very significant outbreak in India,” Australian Prime Minister Scott Morrison told reporters after a national security committee meeting this afternoon. “Today we agreed, in addition to […]
MANILA (BLOOMBERG) – Asia’s surging coronavirus infections and slow pace of vaccinations is testing the limits of what central banks can do to further support what, until recently, had been the world’s stand out economic recovery. With interest rates already low, the likely policy response will center on more government borrowing, relegating central banks to […]
By Howard Schneider WASHINGTON (Reuters) – U.S. President Donald Trump rolled out an eye-catching statistic in his State of the Union address Tuesday: the wealth held by the poorest half of American households increased three times as fast as the wealth held by the “1%” since he became president. That’s true, according to Federal Reserve […]
