Talks between Democrats and Republicans for a massive funding package to combat the impact of coronavirus have stalled, as lawmakers spar over issues like worker protections and funding for states battling the crisis.
Treasury Secretary Steven Mnuchin said Sunday that the Federal Reserve will play a key role in lending funds to businesses hurt by the coronavirus pandemic.
Israeli Likud and Blue and White parties are nearing an agreement to form an emergency unity government after Netanyahu rival Benny Gantz relinquished his former refusal to work with the beleaguered Prime Minister.
China is using the widespread coronavirus outbreak within its borders as an opportunity to attack Christian faith, with the communist government demolishing churches or removing their crosses over the month of March.
The ongoing spread of the coronavirus has spurred government agencies to warn its citizenry against the use of paper currency and coins. Meanwhile, Central Banks around the world are considering the use of cryptocurrency in the future.
The number of people to have died from coronavirus in Italy has now surpassed that of China, where the disease originated, according to figures released Thursday.
Even the new coronavirus can’t stop President Vladimir Putin when his power is on the line. As rumors abound that Russia’s capital is about to be locked down to prevent an outbreak of COVID-19, Mr. Putin said this week that an April 22 nationwide vote on constitutional amendments that could keep him in power until 2036 will proceed as planned.
Senate Republicans on Thursday announced a $1 trillion stimulus plan to combat the economic damage caused by the effort to control the coronavirus.
Dubbing its efforts against the coronavirus ‘Ray of Light,’ the Israel Defense Forces on Thursday said it was moving to a higher state of readiness, one normally reserved for preparation for an enemy attack, which the military stresses was not in light of external threats but rather because of the pandemic.
A wave of layoffs at restaurants, bars and hotels, as efforts to contain the coronavirus pandemic bring much of everyday American life to a halt, could drive new applications for U.S. unemployment benefits to a record 1.5 million or more next week, economists warned on Thursday.
More than half of U.S. small businesses will close within three months if the coronavirus crisis is not solved.
Prime Minister Benjamin Netanyahu on Thursday tightened the national stay-at-home policy aimed at containing the outbreak of the novel coronavirus, announcing the guidelines he had introduced earlier this week would now be enforced by police under emergency orders.
The number of people claiming unemployment has spiked significantly, with a new Department of Labor report claiming that a 33 percent week-to-week increase is the highest since the Great Recession.
President Trump Thursday continued to negotiate a one trillion dollar stimulus package for the economy that would see half a trillion dollars sent out to individual Americans within nine weeks.
Israel announced Wednesday that it was barring all foreigners from entering the country to curb the spread of COVID-19.
President Trump on Wednesday signed into law a multibillion-dollar emergency aid package aimed at helping Americans impacted by the coronavirus.
The European Central Bank (ECB) announced an economic stimulus program worth €750 billion Wednesday night.
Early trials have shown that a Japanese flu drug is effective in treating the coronavirus, according to reports on Wednesday.
The Health Ministry announced Wednesday it has begun using mass surveillance tools to retrace the movements of coronavirus carriers and has already informed 400 people in contact with them that they must enter quarantine.
Oil dropped 24% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude, and as rising worries about a global recession lead to fears of longer-term demand destruction.