Pakistan Prime Minister Imran Khan’s government was set to present an austerity-focused budget on Tuesday, weeks after the country reached an agreement with the International Monetary Fund
After four days of violent confrontations between Lebanese soldiers and civilians protesting the government’s failure to tackle the country’s economic collapse, Beirut finally adopted an economic rescue plan.
Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, criticised the 9 billion euro ($10.1 billion) bailout, saying he had raised his stake in Lufthansa to over 15% and hoped alternative options could be explored.
Malaysia’s Prime Minister Muhyiddin Yassin unveiled a fresh round of stimulus on Wednesday, in the hope of breathing life into a pandemic-hit economy that last year saw its worst contraction since the Asian Financial Crisis.
When voters narrowed House Democrats’ 35-seat majority to just nine in last year’s election, Speaker Nancy Pelosi’s job got harder. Conventional wisdom had it that she’d have to tread carefully with Democrats’ famously restive caucus,
The Congress nod to the 1.9 trillion-dollar Bill to combat coronavirus is a major victory and boost for US President Joe Biden and his administration. “This is a historic day. It is the beginning of the end of the great COVID depression,” Democratic
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
The UK Budget was said to be about more emergency spending now, with tax rises and spending cuts to come later: what I called in this column last week an Augustinian Budget. In fact, we have discovered that there were quite a lot of hidden spending cuts
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%,