As the global economy heads for recession and people fear job losses, all eyes are on a few central bankers.
The US Senate unanimously passed a $2-trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus pandemic, as well as providing billions of dollars to buy urgently needed medical equipment.
The agreement came after days of often intense haggling and mounting pressure and still needed to be finalised in detailed legislative language.
Stocks surge on Wall Street, sending Dow Jones up more than 2,100 points – biggest-ever point gain since 1933 – as Congress nears a deal to mitigate damage from coronavirus outbreak.
After days of playing down the threat, he blamed the European Union for not acting quickly enough to address the novel coronavirus and claimed that US clusters were “seeded” by European travellers.
Annual World Economic Forum kicks off with US President Donald Trump criticising "prophets of doom" and teenage activist Greta Thunberg urging global financial elite to act against environmental crisis.
US President Trump signed a trade agreement with China that is expected to boost exports from US farmers and manufacturers and is aimed at lowering tensions in a long-running dispute between the economic powers.
US Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin announce fresh sanctions against eight top Iranian officials, as well as against more than a dozen leading producers of metals in Iran.
Meanwhile, Beijing slams a new US defence act, which includes measures to strengthen Washington's ties with Taiwan and support for Hong Kong's anti-government protestors, saying it "blatantly interfered" in China's internal affairs.
Tariffs come amid an ongoing trade war between the US and China and could risk destabilising the global economy further.
As part of the initial deal, Beijing has agreed to limited measures that could see better ties between the two countries while the US will suspending a tariff hike that was due to take effect on Tuesday.
The first minister-level meetings in more than two months between the world's two biggest economies are set to begin on Thursday.
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