Pfizer, BioNTech seek COVID-19 vaccine approval in Europe

More On: Coronavirus LA County supervisor dines outdoors just hours after voting to ban the practice Kim Jong Un received experimental COVID-19 vaccine from China, analyst says 16-year-old student abruptly dies of COVID-19-related illness Defiant NYC bar in COVID-19 hotspot closes for TV spot as people bang on door for […]

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Fed extends emergency lending programmes through March 31

The programmes include the Commercial Paper Funding Facility and the Primary Dealer Credit Facility. The US Federal Reserve said Monday it has extended several pandemic emergency lending programs for three months through March 31, with approval from the Treasury Department. The announcement came after Treasury Secretary Steven Mnuchin last week […]

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India GDP Contraction Slows, Economy Enters Recession

India’s economic contraction slowed sharply in the September quarter, but the economy entered a technical recession due to the impact of the harsh lockdown imposed to curb the spread of the coronavirus, or Covid-19, pandemic. Gross domestic product fell 7.5 percent year-on-year, data from the statistics ministry showed on Friday. […]

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Disney (DIS) Raises Planned Layoffs to 32,000

The Walt Disney Company (DIS) has announced that it plans to lay off 32,000 employees by the end of March 2021, which is when the first half of its fiscal year 2021 concludes. The force reduction will be primarily in Disney's Parks, Experiences and Products segment, which had about 155,000 […]

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Sweden Central Bank Expands Quantitative Easing

Sweden’s central bank expanded its asset purchase programme and vowed to keep its interest rate at zero in coming years as tighter restrictions to contain the spread of Covid-19 infections lead to a new downturn in the economy. The Executive Board of Riksbank decided to expand the asset purchases by […]

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