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WASHINGTON (Reuters) - The world's biggest economies should create a forum to facilitate global coordination for the next pandemic, as well as a new financing facility to keep up with emerging threats, U.S. Treasury Secretary Janet Yellen and Indonesian Finance Minister Sri Mulyani Indrawati said on Tuesday.
The United States and Indonesia called for the launch of a forum to prepare for future pandemics, urging members of the Group of 20 leading economies to seize an opportunity this month to plan for an international response system.
News highlights from Asean countries in the Star-AseanPlus section for Tuesday (Oct 26)
SHANGHAI: China stocks closed lower on Tuesday, pulled down by property shares as sustained worries over a planned pilot real-estate tax scheme dented home-buyer sentiment and risk appetite.
JAKARTA (Reuters): The United States and Indonesia on Tuesday (Oct 26) called for the launch of a forum to prepare for future pandemics, urging members of the Group of 20 leading economies to seize an opportunity this month to plan for an international response system.
BEIJING (Xinhua): Chinese Vice Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-US comprehensive economic dialogue, held a video conversation with US Treasury Secretary Janet Yellen on Tuesday (Oct 26) morning.
LOS ANGELES: Treasury Secretary Janet Yellen said she expects price increases to remain high through the first half of 2022, but rejected criticism that the United States risks losing control of inflation.
IN any Economics 101 class, students are often made to understand that a modest level of inflation is good for the economy as a whole. A healthy level of inflation contributes to production increase as more money translates to more spending, which directly influences aggregate demand.
NEW DELHI (Reuters) - U.S. Senator Elizabeth Warren called for breaking up Amazon.com Inc and Indian retailers demanded a government probe of the company after a Reuters investigation showed the e-commerce giant had copied products and rigged search results in India.
WASHINGTON (Reuters) - Negotiations over the withdrawal of existing digital services taxes after a landmark corporate tax deal should ultimately end the threat of tariff wars between the United States and several countries over the levies, U.S. Treasury officials said.