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$2tn coronavirus rescue deal dwarfs 2008 bailout but there will still be pain Coronavirus – latest updates See all our coronavirus coverage Wall Street is awaiting the weekly jobs report with trepidation as unemployment could triple. Photograph: Justin Lane/EPA The precise details of the US stimulus package are still to be revealed but some things […] More
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
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
More than 250m people now in lockdown in EU as Germany and Belgium adopt measures Coronavirus – latest updates See all our coronavirus coverage Italy has suffered its deadliest day yet in the coronavirus outbreak and is poised to overtake China as the world’s worst affected country, as Europe tightened a lockdown affecting about 250 […] More
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
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
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
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
