Economy
Washington/Xinhua: The US federal budget deficit soared to a record 3.1 trillion dollars in the fiscal year 2020, as the COVID-19 pandemic has prompted massive fiscal stimulus and caused tax revenue to fall, official data showed on Saturday. more
COVID-19: Bangladesh keeps growth rolling despite pandemic owing to timely plans spelled out by PM Hasina

Dhaka: While the invisible enemy Coronavirus slowed down the shuttle of the global economy, Bangladesh kept its growth rolling and accelerating amid the disaster owing to the timely plans ...

White House preparing new $1.8 Trillion COVID-19 relief package offer: Reports

Washington/Sputnik: The White House is preparing a new $1.8 trillion COVID-19 relief offer, its largest proposal to date in the long-running negotiations with congressional Democrats, the ...

Australian PM announces digital business plan to drive economic recovery from COVID-19 pandemic

Canberra/Xinhua: The Australian Government announced on Tuesday a digital business plan to enable businesses to take advantage of digital technologies to grow their businesses and create ...

Brazilian President outlines action taken to address COVID-19 pandemic, unemployment

New York: Brazilian President Jair Bolsonaro has highlighted social and economic measures his administration implemented, to address the COVID-19 pandemic and what he views as the politic ...

Bhutan issues first sovereign bond to meet increasing fiscal financing needs in fighting COVID-19

Thimphu: The Royal Government of Bhutan has announced its first sovereign bond to support the economy in recovery from the COVID-19 pandemic while diversifying financial sources. The new ...

Finance Ministers meet to refine ‘single ambitious menu’ for COVID-19 recovery and beyond

New York: The UN Deputy Secretary-General has reminded Finance Ministers from across the world of their duty to help countries emerge from the social and economic chaos brought on by the ...

Japan's record GDP contraction revised down to annualized 28.1 pct in April-June quarter

Tokyo/Xinhua: Japan's economy in the April-June period shrank an annualized real 28.1 percent from the previous quarter, downwardly revised from the 27.8 percent contraction initially ...

Devastated by pandemic, tourism sector must be rebuilt in a safe, equitable and climate friendly way – UN chief

New York: Tourism is much more than visiting cultural landmarks or swimming in tropical beaches; it is “one of the world’s most important economic sectors”, the UN chief ...

US House Speaker Pelosi says White House $1.3Trln COVID-19 relief package not enough

Washington/Sputnik: House Speaker Nancy Pelosi in a statement said the White House's proposal to provide $1.3 trillion in COVID-19 relief would not be enough to meet the needs of the ...