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A White House advisory panel on May 19 will call for the government and private industry to work together to build a new technological infrastructure to support future jobs and provide the underpinnings critical to a solid economic recovery from the coronavirus pandemic.
Racks up huge US$18bil loss in ‘valley of coronavirus’ as portfolios are hit
HONG KONG: Stock markets rose on Monday (May 16) as a further easing of lockdowns around the world offset another round of data highlighting the sharp economic pain being inflicted by the Covid-19 (coronavirus) pandemic.
BENGALURU: Gold rose 1% on Monday to its highest in more than seven years as dismal U.S. data underscored how badly the COVID-19 pandemic has damaged the world's top economy, while palladium soared over 9% on better-than-expected demand outlook
KUALA LUMPUR: The ringgit extended last week's losses to trade lower against the US dollar in the early session today, as bearish economic outlook prompted investors to turn towards safe havens currencies, a dealer said.
TOKYO: Japan's economy slipped into recession for the first time in 4-1/2 years, GDP data showed on Monday, putting the nation on course for its deepest postwar slump as the coronavirus crisis takes a heavy toll on businesses and consumers.
SYDNEY: Asian shares crept ahead on Monday and oil prices hit a five-week high as more countries re-opened their economies stirring hopes the world was nearer to emerging from recession
WASHINGTON: The most important data for the U.S. economy right now are the "medical metrics" around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks where he outlined the likely need for three to six more months of government financial help for firms and families.