Trump press secretary appears to show president’s bank details

Kayleigh McEnany appeared to accidentally reveal Donald Trump’s private bank details while displaying evidence of the president’s  $100,000 donation to the fight against coronavirus. McEnany announced Trump would donate his quarterly pay cheque, and when she held up the cheque for White House reporters, Trump’s banking details were not obscured Donald Trump press secretary inadvertently … Read more Trump press secretary appears to show president’s bank details

Wall Street gains fail to translate into strong market performance in Australia | Finance Report

Apple and Amazon drove gains in American stocks last night, with share indexes nearly reaching the lofty peaks of Feburary. In contrast, the Australian sharemarket didn’t go anywhere today, with investors in limbo, concerned about a disgruntled China and an increasingly hollow-sounding banking sector. Alan Kohler has today’s finance report. For more from ABC News, … Read more Wall Street gains fail to translate into strong market performance in Australia | Finance Report

Lebanon’s banking association rejects government’s economy plan

Lebanon’s leaders are struggling to find answers to the unprecedented economic crisis. And stalled reforms are affecting its talks with the International Monetary Fund. Now Lebanon’s banking association has rejected the government’s five-year rescue plan, instead putting forward its own proposal. Al Jazeera’s Zeina Khodr reports from Beirut, Lebanon. – Subscribe to our channel: http://aje.io/AJSubscribe … Read more Lebanon’s banking association rejects government’s economy plan

WATCH: Mnuchin and Powell testify before Senate on coronavirus relief bill

Fed Chair Jerome H. Powell and Treasury Secretary Steven Mnuchin testify before the Senate Banking Committee on the CARES Act coronavirus relief bill. The Senate panel is likely to press Mnuchin on a new report that said the Treasury Department has barely spent any of the $500 billion set aside to help businesses and local … Read more WATCH: Mnuchin and Powell testify before Senate on coronavirus relief bill

Chair Powell Says Fed Is Fully Committed to Supporting U.S. Economy

May.19 — Federal Reserve Chairman Jerome Powell said the central bank is ready to use all the weapons in its arsenal to help the U.S. economy endure the coronavirus pandemic, as attention shifts to whether Republicans and Democrats will agree to more fiscal aid. Powell testified remotely before the Senate Banking Committee.

Powell Says Fed Has America’s Back With Congress Arguing Over Aid

Federal Reserve Chairman Jerome Powell said the central bank is ready to use all the weapons in its arsenal to help the U.S. economy endure the coronavirus pandemic, as attention shifts to whether Republicans and Democrats will agree to more fiscal aid. “We are committed to using our full range of tools to support the … Read more Powell Says Fed Has America’s Back With Congress Arguing Over Aid

Mnuchin Warns of ‘Permanent Damage’ to U.S. Economy if States Extend Shutdowns

U.S. Treasury Secretary Steven Mnuchin said Tuesday during a Senate Banking Committee video conference hearing that “there is the risk of permanent damage” to the economy if it remains closed, he said. Mnuchin called for easing social distancing guidelines as soon as possible to restart the economy, echoing comments from President Donald Trump. To underscore … Read more Mnuchin Warns of ‘Permanent Damage’ to U.S. Economy if States Extend Shutdowns

What’s the fallout from the pandemic wave of unemployment? | Inside Story

Hundreds of millions of people around the world have lost their jobs as a result of the pandemic. But the UN’s work agency warns the global outlook could be much worse, as current figures exclude workers in the so-called ‘informal economy’. That includes migrant and shift labourers in the developing world – to freelance and … Read more What’s the fallout from the pandemic wave of unemployment? | Inside Story

Shares down as India rolls out 60 bln U.S. dollars initial stimulus package

Indian shares slid on Thursday, with banking and IT stocks falling the most. This came as the government announced nearly 60 billion U.S. dollars worth of loan guarantees for small businesses, shadow banks and power companies. Over 120 million people lost their jobs in India last month. Researchers say more than half of them are … Read more Shares down as India rolls out 60 bln U.S. dollars initial stimulus package

Should big money give poor nations debt relief to fight COVID-19? | Counting the Cost

May 1 was an important day for the world’s poorest nations. It was the day the rich club of G20 nations gave debtors a payment holiday until the end of the year, giving developing nations more headroom to pay for healthcare during the pandemic. Despite more than 100 countries applying to the International Monetary Fund … Read more Should big money give poor nations debt relief to fight COVID-19? | Counting the Cost

Kenyans Help Their Neighbors During Coronavirus Lockdown

Kenya’s wealthier residents are helping out families in need living in impoverished areas during the coronavirus lockdown. The so-called ‘adopting a family’ initiative provides poor families with means for basic necessities during the pandemic. Many living in Nairobi’s Kibera neighborhood lost their jobs and income because of the lockdown measures. Hence, they now have trouble … Read more Kenyans Help Their Neighbors During Coronavirus Lockdown