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ATHENS (Reuters) - Before COVID-19, visits to Greece's paper-strewn labour offices were a ordeal of queues and case files, often for basic matters that in less than a year have moved online as the pandemic upended old administrative routines.
HONG KONG (AFP): Another Federal Reserve reassurance it would not hike interest rates until absolutely necessary buoyed Asian markets Thursday (Feb 25), while traders were also taking heart from more positive developments on the vaccine front.
WASHINGTON: Between deep wounds to the labor market and weak inflation, Federal Reserve Chair Jerome Powell delivered a simple message to investors fixated on rising U.S. bond yields and price risks: watch the data, and don't expect any changes in monetary policy until the economy is clearly improving.
FEDERAL Reserve chairman Jerome Powell (pic) signalled that the central bank was nowhere close to pulling back on its support for the pandemic-damaged US economy even as he voiced expectations for a return to more normal, improved activity later this year.
THE job market in China has remained stable over the past few years, with more than 13 million new urban jobs created annually from 2013 to 2019.
VIENTIANE (Vientiane Times/ANN): Some 17,000 garment workers in Laos will each receive emergency income support of 900,000 kip (about US$100) to mitigate the impact of the Covid-19 pandemic.
JAKARTA (The Jakarta Post/ANN): The government has issued a regulation containing a so-called priority list that promises potential investors fiscal and nonfiscal incentives and scraps some restrictions on foreign investment to spur inflow of investment to the recession-hit country.
HONG KONG (Bloomberg): Hong Kong's Financial Secretary Paul Chan pledged HK$120 billion (US$15.5 billion) of fiscal support targeted at consumers and the unemployed to help boost an economy emerging from two years of recession.