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Coronavirus

US deficit soars amid pandemic relief payments
World

US deficit soars amid pandemic relief payments

  • With outlays in June surging to $1.1 trillion and receipts falling, the funding gap in the first nine months of the current fiscal year soared 267 percent compared to a year earlier, hitting $2.74 trillion, Treasury said.
Published 14 Jul, 2020 01:21am
Sudan hands out cash to ease economic crunch
World

Sudan hands out cash to ease economic crunch

  • "The programme is based on supporting 80 percent of the country's population with direct cash support from the state," Essam Abbas, director of the finance ministry's digital transformation agency, told AFP.
Published 14 Jul, 2020 01:11am
Coronavirus toll at 1900 GMT Monday
World

Coronavirus toll at 1900 GMT Monday

  • China -- excluding Hong Kong and Macau -- has to date declared 83,602 cases (eight new since Sunday), including 4,634 deaths (0 new), and 78,648 recoveries.
Published 14 Jul, 2020 01:09am
Coronavirus: latest global developments

Coronavirus: latest global developments

  • The pandemic, which has hit hard in nations with widespread poverty, could cause another 83 to 132 million people to become undernourished this year, the report says.
Published 14 Jul, 2020 01:05am
Bahrain adds $470mn in coronavirus impact spending to 2020 budget
World

Bahrain adds $470mn in coronavirus impact spending to 2020 budget

  • To this end, $450 million will be taken as a one-time deduction from the Future Generations Fund (FGF), a fund set up in 2006 to reinvest hydrocarbon revenues.
  • The decrees also announced a temporary halt to the allocation of oil revenues to the FGF until the end of 2020.
Published 13 Jul, 2020 08:53pm
Sri Lankan shares dive 2pc on rising coronavirus cases
Markets

Sri Lankan shares dive 2pc on rising coronavirus cases

  • The benchmark CSE All Share Index closed down 2.26% at 4,879.8, its biggest one-day percentage drop since May 12 and marked its second straight session of losses.
  • Lanka will also delay the opening up of its airports, local media reported, quoting the country's civil aviation minister.
Published 13 Jul, 2020 08:23pm