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    $1,200 checks for all? What you need to know about the US coronavirus bailout

    US government is debating bill of to $1.8tn for money going to businesses, corporations and into the pockets of Americans With swaths of the US on lockdown, stock markets crashing, industries facing collapse and unemployment certain to soar the US government is debating the biggest bailout since the 2008 financial crisis. Here’s what you need […] More

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    John Maynard Keynes Comes Out of Hiding in the UK

    The Guardian’s columnist Will Hutton, a declared Keynesian, has expressed his astonishment at the Tory government suddenly abandoning its economic orthodoxy as the appropriate response to the coronavirus pandemic. His readers certainly remember the “Cameron-Osborne austerity” of only a few years ago, when Conservative economists, as they have done for decades, insisted that austerity was […] More

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    Chinese Ambitions for Latin America: What’s the Trade-Off?

    As the global COVID-19 pandemic engulfs the world, the grand strategy of revisionist powers will either falter or accelerate. At the dawn of the post-coronavirus world — whenever it might come — the Chinese Communist Party will push forward with its Belt and Road Initiative (BRI), which will threaten to further marginalize the role of […] More

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    US government to give citizens emergency financial aid

    White House prepares to send direct payments to Americans as part of stimulus package Coronavirus – latest updates See all our coronavirus coverage Donald Trump has dramatically stepped up the US government’s response to the coronavirus outbreak by announcing plans to send cheques directly to American citizens to give them emergency financial aid, while agreeing […] More

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    As Coronavirus Spreads, the Gulf’s Economic Prognosis Is Not Healthy

    As COVID-19 continues to impact markets and national and global economies, it is worthwhile noting that Gulf economies were already slowing before the virus hit the region. A comprehensive assessment by London-based Capital Economics, released on February 25 but based on statistics up to the end of December 2019, illustrates that point. (China alerted the World Health Organization on […] More

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    Making America Unsafe Again

    Donald Trump is all about boundaries. At a personal level, he doesn’t like touching strangers for fear of infection. Politically, he makes no long-lasting close alliances. And geopolitically, he obsesses over strong borders: big walls, more stringent immigration requirements, tariffs on foreign imports. But Trump is nothing if not a walking contradiction. For a guy who shies […] More

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    Will a Struggling Global Economy Survive the Coronavirus?

    On February 24, the World Health Organization declared that the world should prepare for a possible coronavirus pandemic. Outbreaks in South Korea, Iran and Italy have caused alarm. Clearly, the virus has traveled widely and rapidly. Authorities have canceled concerts, carnivals and football matches as well as closed schools, imposed curfews and restricted travel. Despite […] More