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Without household spending, the government’s stimulus measures will fall flat on its face as one of the desired outcomes is to help businesses pick up.
Statement from the office of Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed.
SYDNEY (Reuters) - Australia's second most populous state deployed ambulances and mobile test centres in a coronavirus testing blitz as the country recorded the biggest daily rise in cases in two months.
AMMAN (Reuters) - Many people in Jordan are struggling to meet basic needs after a more than two-month lockdown to fight the coronavirus pandemic, a United Nations Development Programme (UNDP) study said on Wednesday.
BEIRUT (Reuters) - Lebanon's Hezbollah leader Sayyed Hassan Nasrallah said on Tuesday that dollar injections were needed to shore up the pound currency and accused the United States of preventing dollars from reaching the crisis-hit country.
HAVANA/NEW YORK (Reuters) - Ken Hutton is worried Great Abaco Island in the Bahamas where he lives is far from rebuilt after being devastated by Hurricane Dorian last year yet he is bracing for another hurricane season in the midst of the coronavirus pandemic.
CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.
WASHINGTON (Reuters) - U.N. officials said they will meet on Thursday with over a dozen world leaders to discuss shoring up financial support for emerging economies, hit hard by the pandemic's economic fallout.
MASERU (Reuters) - Moeketsi Majoro was sworn in as Lesotho's new prime minister on Wednesday, a day after his predecessor resigned under pressure over a scandal involving the killing of his wife.
BEIJING, May 20 (China Daily/ANN) - China's key annual political meetings, known as 'two sessions", will start on Thursday and experts said that the nation's biggest annual political event will indicate the direction of its socioeconomic development amid the COVID-19 pandemic and will inject confidence into the gloomy world economy.