The final bill includes $400 billion in one-time payments of $1,400 to most Americans, $300 a week in extended jobless benefits for the 9.5 million people thrown out of work in the crisis.
President Joe Biden signed a $1.9 trillion COVID-19 relief bill on Thursday that brings total federal spending to combat the pandemic over the last year to about $6 trillion. He plans to tee up a huge infrastructure outlay of about $4 trillion over the
India is leaving behind the worst financial year in the years of Independence. Since the colonial period, the financial year has run from April 1 to March 31 of the following calendar year. On March 25 last year, a week before end of the 2019-20 financial
President Joe Biden is riding high thanks to his success in pushing through the massive $1.9 trillion COVID-19 relief bill he signed last week. Polls have found that the bill was supported by as many as 70% of Americans, and the president’s approval rating has hit 55%,
Alibaba, the Chinese Internet giant, has announced that it will now be divided into six separate entities, and the news has sent its market shares soar. It is seen as a signal from the Chinese government that free market is alive and kicking, and that Chinese authorities realise that they need the private
The weird merry-go-round involving Twitter’s unpaid bills shows no sign of slowing. On this whirl, it is KKR suing the social media company for failing to pay rent on office space in Oakland, California. Already in arrears in Boston, San Francisco and London, the beleaguered bird is now facing a demand for
Even before he was formally sworn in as Scotland’s first minister, Humza Yousaf had made his first mistake. Not offering his defeated rival Kate Forbes a senior post in his cabinet and is a big error that will return to haunt him. The former finance secretary rightly turned down a demotion to the rural affairs
I have come to Sharjah from Europe for a week just to see Ramadan in the UAE. I am in love with the vibes of the UAE. It is so spiritual being in the UAE that I can’t even express in words. My friend took me to Dubai and Abu Dhabi and I had a great time with them. I liked the hospitality of the people.