The United States cannot let the coronavirus shut down its economy again, US Treasury Secretary Steven Mnuchin said, adding that more than US$1 trillion in rescue funds will flow into the economy over the next month.
A Facebook Inc employee who criticized Chief Executive Mark Zuckerberg's decision not to take action against inflammatory posts by US President Donald Trump this month said on Friday that the social media company had fired him.
U.S. President Donald Trump said he will go on to other things if he loses the Nov 3 election, after Democratic opponent Joe Biden said the Republican might cheat and refuse to leave the White House.
The Americas are bearing the brunt of the global coronavirus pandemic at present, the World Health Organization (WHO) said on Friday, with North and South America currently having four of the 10 worst hit countries in the world.
The United States Federal Reserve says it will keep buying bonds to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed's policymakers foresee no rate hike through 2022.
House Speaker Nancy Pelosi called on Wednesday for removal of 11 Confederate statues from the US Capitol, part of a nationwide push to dismantle such memorials after a black man's killing in police custody sparked mass anti-racism protests.
Passenger revenues are expected to fall to US$241 billion (down from US$ 612 billion in 2019). This is greater than the fall in demand, reflecting an expected 18% fall in passenger yields as airlines try to encourage people to fly again through price stimulation. Load factors are expected to average 62.7% for 2020, some 20 percentage points below the record high of 82.5% achieved in 2019.
The U.S. prosecutors and attorneys for Britain’s Prince Andrew sniped at one another across the Atlantic on Monday, each saying the other side was to blame for the duke’s failure to participate in the Jeffrey Epstein sex trafficking probe.
Germany’s coordinator for transatlantic ties has criticized U.S. President Donald Trump’s decision to withdraw thousands of troops from Germany. Trump has ordered the U.S. military to remove 9,500 troops from Germany, a senior U.S. official said on Friday.
James Bennet, the New York Times editorial page editor responsible for publishing a column that advocated using the military to quiet protests over U.S. racial inequality, resigned on Sunday, the newspaper announced.