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LONDON: Eurozone monetary policy is subsidising the finance industry to such a degree that national central banks are having to curtail the cash distributions they normally hand to governments.
THE dollar started the year on a softer footing, continuing its depreciation trend from 2020 and briefly touching a 32-month low.
KUALA LUMPUR: Consumer stocks were among the top losers on Bursa Malaysia on Wednesday as investors locked in recent gains on uncertainties in the market and political concerns.
THE pandemic relief deal that Congress struck this week is long overdue. Unfortunately, the package includes a provision that threatens to make this and future crises worse – by limiting the emergency powers of the Federal Reserve.
BEIJING (Global Times): The Chinese Foreign Ministry, the Chinese vaccine producer and a Brazilian institute clarified that Brazilian health regulator's decision to halt trials of a Chinese-produced Covid-19 vaccine in Brazil is not related to the vaccine itself, after foreign media said the suspension came following a "severe adverse event."
Washington (AFP): The US government sued Google on Tuesday (Oct 20), accusing the Silicon Valley titan of maintaining an "illegal monopoly" in online search and advertising, in the country's biggest antitrust case in decades, opening up the door to a potential breakup of the company.