03 Dec 2020

Canada, struggling to control a second wave of coronavirus infections, announces billions more in stimulus

The second wave of COVID-19 infections is occurring in Canada, and Prime Minister Justin Trudeau has announced more than $77 billion in stimulus for Canadian people and businesses. Trudeau acknowledged the effect of the pandemic on the economy and its recovery, offering aid to keep families financially stable and get

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07 Oct 2020

Singapore will pay citizens to have a baby during the pandemic

Singapore has launched a program in which couples will get a payout for having children during the COVID-19 pandemic due to rapidly falling fertility rates and a suffering economy. The country’s deputy prime minister stated that the initiative aims to reassure future parents who are concerned about financial pressure and

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08 May 2020

Why China Is Withholding Stimulus Amid Coronavirus-Sparked Downturn

China’s economy has been severely impacted by the COVID-19 pandemic that caused Chinese cities to go into lockdown for over two months in some cases. The country suffered its first quarter of economic contraction since the 1970s, with millions of jobs lost and businesses closing. However, China has not yet

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24 Apr 2020

Coronavirus: Congress passes $484bn economic relief bill

Congress has passed a $484 billion COVID-19 relief package, becoming the fourth aid bill to clear Congress pertaining to the pandemic. The relief package is meant to increase the small business aid fund, while funding hospitals and testing throughout the US. President Donald Trump said that he would enact the

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21 Apr 2020

Forget Travel Vouchers, Airlines Should Give Customers Cash Back, Senators Say

On Friday, four Senate Democrats revealed that major domestic airlines currently have roughly $10 billion from canceled flights due to the COVID-19 pandemic. In a joint statement, the Senators stated that the companies should release customers’ money through full cash refunds rather than travel vouchers. This would affect all consumers

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