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The global economic recovery is at risk from the rise of new coronavirus variants and poor access to vaccines in developing countries, finance ministers of the world’s 20 largest economies warned on Saturday.
Global stocks rallied on Tuesday and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans.
Some 130 countries have backed a global minimum tax as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates.
US economic growth and wage gains should “serve as a source of resilience” moving forward even if the economy continues to cool, Treasury Secretary Janet Yellen said in remarks released on Friday.
US banks may become more circumspect in granting loans following recent turmoil in the sector, the country’s treasury secretary said in an interview to air on Sunday,
The World Bank’s ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen told AFP
Top US regulators proposed new rules to speed the assessment of financial stability risks and make it easier to designate non-bank institutions as systemically important,
G20 health and finance ministers launched a $1.4 billion fund on Sunday to tackle the next global pandemic ahead of the bloc’s leaders gathering for a summit on the Indonesian
US President Joe Biden’s administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone approach of Donald Trump.
US Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank and protect depositors,