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Representative Image (AP)

Senate passes coronavirus rescue package on unanimous vote

The package is intended as relief for an economy spiraling into recession

26 March 2020 5:01 AM GMT

Representative Image (AFP)

Fed ramps up help to US economy on life support

The Federal Reserve warned of "severe disruptions" from the virus as it rolled out another series of measures to pump...

24 March 2020 6:04 AM GMT

Coronavirus crisis continues to batter the U.S. labor market, with millions more Americans expected to have filed for unemployment benefits. (AP Photo)

US weekly jobless benefits to stay elevated as coronavirus layoffs...

The economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression of...

14 May 2020 4:38 AM GMT

Guests dine in-house at a restaurant in Phoenix. Arizona Gov. Doug Ducey has allowed the reopening of restaurants in-house dining, gyms, spas and community swimming pools since Monday. (AP)

Experts warn virus spikes could emerge even weeks after US reopening

The tension in balancing people's safety against severe economic fallout is playing out across the world

14 May 2020 3:35 AM GMT

US president Donald Trump. (AFP)

Trump presses for schools to reopen despite Fauci's warnings

Trump, speaking to reporters at the White House, said he found Fauci's latest call for a highly cautious reopening "not...

14 May 2020 3:26 AM GMT

Coronavirus deals U.S. job losses of 20.5 million. (AFP Photo)

US economy lost a staggering 20.5 million jobs, historic unemployment...

Though millions of Americans continue to file claims for unemployment benefits, April could mark the trough in job...

10 May 2020 3:32 AM GMT

The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy. (AP)

US unemployment surges to a Depression-era level

US Labor Department says that 20.5 million jobs vanished in April in the worst monthly loss on record triggered by...

9 May 2020 5:38 AM GMT

US exports to China rose to $8.6 billion in April, up from a 10-year monthly trough of $6.8 billion in February. (AFP Photo)

Trump threat to 'decouple' US and China hits trade, investment reality

The damage-control efforts by the Trump administration come after Trump said last week that a complete decoupling from...

24 Jun 2020 6:43 AM GMT

US President Donald Trump suspended the entry into the United States of certain foreign workers on Monday. (AFP Photo)

Trump blocks H1B visa, business groups say decision will hurt US...

The visa suspension, will open up 525,000 jobs for US workers, a senior administration official said

23 Jun 2020 5:24 AM GMT

People eat at a restaurant on June 17, 2020, in Washington, DC. (AFP)

US will not lock down again amid rising coronavirus cases

We won't be closing the country again. We won't have to do that, said the president

18 Jun 2020 5:20 AM GMT

US economy entered recession in February. (AP Photo)

US economy entered recession in February

US gross domestic product fell at a 4.8% annualized rate in the first three months of the year

9 Jun 2020 3:18 AM GMT

US is expected to report a record-breaking economic plunge. (AP Photo)

US expected to report record-breaking economic fall

A huge plunge in consumer spending sent the economy sinking at a roughly 32 per cent annual rate in the April-June...

30 July 2020 10:37 AM GMT