The former finance minister’s coalition is getting ready to take office, with the uphill task of addressing challenging issues while his predecessor still enjoys broad support.
Global shares and Asian markets rally after Federal Reserve painted a rosy picture of the US economic outlook, repeating a pledge to stick to its guns with an ultra-low monetary policy.
US President Joe Biden is signing two executive orders that will increase food aid, protect job seekers on unemployment and clear a path for federal workers and contractors to get a $15 hourly minimum wage.
The aid package aims to deliver long-sought cash to businesses and individuals and resources to vaccinate a nation confronting a frightening surge in Covid-19 cases and deaths.
The government is expected to approve the budget, which will also include subsidies to help companies pay rent and wages as they close businesses, at a cabinet meeting.
The European Commission will propose a new stimulus package to help the bloc recover from the economic damage caused by the coronavirus pandemic.
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