Global Economy

Trump coronavirus vaccine chief says he’s had ‘no contact’ with Biden transition team

Moncef Slaoui, the former head of GlaxoSmithKlines vaccines division, listens as U.S. President Donald Trump delivers remarks about coronavirus vaccine development in the Rose Garden of the White House on May 15, 2020 in Washington, DC. Dubbed “Operation Warp Speed,” the Trump administration is announcing plans for an all-out effort to produce and distribute a […]


Trump says DHS cybersecurity chief Chris Krebs has been terminated

WASHINGTON — President Donald Trump announced Tuesday on Twitter that he has “terminated” top U.S. cybersecurity official Christopher Krebs. In a pair of tweets, Trump said that Krebs gave a “highly inaccurate” statement about the security of the 2020 presidential election. Trump, who has not yet conceded to president-elect Joe Biden, alleged that the election was riddled with […]


ECB chief says arsenal of economic stimulus on standby amid upsurge of coronavirus cases in Europe

President of the European Central Bank Christine Lagarde holds a press conference during the informal meeting of European Union ministers for economic and financial affairs on September 11, 2020 in Berlin, Germany. Hayoung Jeon – Pool | Getty Images LONDON — European Central Bank President Christine Lagarde on Thursday said her organization would be prepared […]


Work-from-home, online learning fuelling need for massive investment in digital infra: Trai chief

New Delhi: With work-from-home, online learning, and in-home entertainment fuelling demand for robust digital infrastructure, massive investments would be needed especially in areas like Fibre-to-the-Home, data centres, in-building solutions and proliferation of wifi hotspots, TRAI Chairman R S Sharma said on Monday. Terming telecom infrastructure and services as “key enablers” and “critical determinants” of the […]


If bad debt doesn't rise during hard times, banks aren't doing enough, says central bank chief

Many banks in Asia have seen asset quality deteriorate in a difficult post-crisis climate, but the rise in non-performing loans should be assessed in the context of that environment, Singapore’s central bank chief said on Monday. “Banks are in the business of inter-mediating risks. When risks materialize, as they sometimes do when those who borrow […]