Prime Minister Scott Morrison is pushing to fast-track the resumption of international travel once Australia’s most populous state, New South Wales (NSW), readies its home quarantine program. In a Facebook live stream on Oct. 11, with NSW Premier Dominic Perrottet, Morrison discussed bringing forward the start date of international travel for fully vaccinated people by…
Aussie Prime Minister Keen to Fast Track International Travel for Fully Vaccinated
October 10, 2021
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AustraliaBusiness & EconomyCCP VirusDominic PerrottetEconomiesInternationalPrime Minister Scott MorrisonStuart AyresSydney LockdownsWorld
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Goldman Cuts Forecast for US Economic Growth in 2021 and 2022
Goldman Sachs cut its U.S. economic growth target to 5.6 percent for 2021 and to 4 percent for 2022 citing an expected decline in fiscal support through the end of next year and a more delayed recovery in consumer spending than previously expected. The firm previously expected 5.7 percent gross domestic product (GDP) growth in…
UK Treasury Denies Talks With Business Secretary Over Energy Crisis Support
Industry leaders hoping to get financial aid over the energy crisis had their hopes dashed on Sunday as the Treasury denied having been in talks with the Department for Business. A source from the Treasury told The Epoch Times that there have been no such talks, contradicting what Business Secretary Kwasi Kwarteng said during an earlier interview. Speaking…
Britons Urged Not to Worry About Power Shortages This Winter
Consumers in the UK were told on Sunday that they don’t need to worry about not having enough power this winter. Both the government and the energy industry reassured consumers that their lights will stay on during the energy crisis. It comes after nine smaller energy suppliers failed in September, and as energy-intensive industries such as the…
Treasury Secretary Believes Congress Will Pass Global Minimum Tax
Treasury Secretary Janet Yellen said she believes that Congress will likely approve a bill to implement the global corporate minimum tax agreed upon by 136 countries last week. Speaking to ABC News on Oct. 10, Yellen said that a proposal to include the United States in the global corporate minimum tax plan would likely be part of…
4 Stand-Out Points in the September Jobs Report
For a second straight month, U.S. job growth proved to be bitterly disappointing in September, coming in more than 300,000 jobs short of what many economists had penciled in. That’s after August’s report initially came in almost half a million jobs below economists’ consensus estimate. But the 41-page Bureau of Labor Statistics report (pdf) features a…
Georgieva’s Future at Helm of IMF Still Unclear After Marathon Board Meeting
WASHINGTON—The International Monetary Fund’s executive board ended a five-hour meeting about the future of Managing Director Kristalina Georgieva without a decision on Friday, saying it would seek more information about claims she pressured World Bank staff to alter data to benefit China in her previous role. The IMF said the board had made “significant progress”…
Women Left US Workforce Last Month, but in Fewer Numbers Than a Year Ago
The job market recovery for U.S. women faced a setback in September, much as it did about a year ago after many school districts switched to online learning. But the drop-off in the number of women working or looking for a job last month was much smaller than in 2020 as more schools reopened this…
China Presses US to Cancel Tariffs in Virtual Meeting
October 9, 2021
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Asia & PacificBusiness & EconomyChinaEconomieskatherine taiLiu HePolicytarifftradetrade dealUSUS NewsUS-China relationsWorld
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China’s top trade negotiator Liu He pushed his U.S. counterpart Katherine Tai to cancel trade tariffs in a virtual meeting on Oct. 9 as the world’s biggest economies kick off negotiations following a lengthy break. During the virtual talk, the Chinese side “negotiated over the cancellation of tariffs and sanctions, and clarified position on China’s…
IMF Still Working to Build Support for New Trust to Help Countries in Need
WASHINGTON—The International Monetary Fund said on Friday it is still building support among members for a proposed Resilience and Sustainability Trust that would allow richer countries to channel their IMF reserves to countries in need, but hopes to see the new instrument up and running next year. IMF officials have been racing to build support…
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