Phil Murphy, governor of New Jersey, speaks while Ras Baraka, mayor of Newark, left, listens during a budget press conference in Newark, New Jersey, U.S., on Wednesday, June 27, 2018. Bloomberg | Bloomberg | Getty Images The pace of new coronavirus infections in New Jersey is slowing even as the number of cases rises, indicating
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Cyril Ramaphosa Foto24 / Contributor | Gallo Images | Getty Images South African President Cyril Ramaphosa has vowed to take action after a wave of gender-based violence, robbery and vandalism across the country. Since a nationwide lockdown was announced on March 27 in a bid to curtail the spread of the coronavirus pandemic, 148 people
India was already under pressure from a variety of financial and credit stresses going into the coronavirus shock; now the difficulties to implement lock-down measures will slow down the containment of the virus, which is the necessity for a market and currency recovery, says Ray Farris from Credit Suisse. 03:12 12 minutes ago
Neel Kashkari, president of the Minneapolis Federal Reserve, in an interview on February 17, 2016. David Orrell | CNBC Minneapolis Federal Reserve President Neel Kashkari said Sunday he expects the path to economic recovery from the coronavirus pandemic will be a “long, hard road,” pouring cold water on hopes for a “V-shaped” rebound. Kashkari, who
China, the world’s second largest economy, is under threat as the pandemic wipes out jobs and slows productivity and growth. But even with the economic setback, that’s not stopping Beijing from doubling down on its geopolitical agenda. China expert Elizabeth Economy, the Council on Foreign Relations’ director of Asia studies, told CNBC’s “Trading Nation” she
3M N95 particulate filtering face mask are seen at a store in East Palo Alto, California, United States on January 26, 2020. Yichuan Cao | NurPhoto | Getty Images Industrial company 3M announced Friday that it is suing a New Jersey company for alleged price gouging and illegal trade practices involving N95 respirators, a key
Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3, 2020. Kevin Lamarque | Reuters With a series of moves that take it still deeper
Federal Reserve Vice Chairman for Supervision Randal Quarles addresses the Economic Club of New York in New York City, October 18, 2018. Brendan McDermid | Reuters The Federal Reserve Main Street lending program targeting mid-size businesses should be up and running in a few weeks, a senior central bank official said Friday. Vice Chairman Randal
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images After weeks of lobbying, fintech companies are officially allowed to take part in the U.S. government’s emergency lending program. PayPal and Intuit QuickBooks announced Friday evening that they were approved by the Small Business Administration to take
ROME, ITALY – MARCH 14: People watch tv as Italian Prime Minister Giuseppe Conte delivers his speech on the new economic measures due to Coronavirus emergency on March 14, 2020 in Rome, Italy. Franco Origlia Italian Prime Minister Giuseppe Conte on Friday extended a nationwide lockdown to contain the coronavirus until May 3, though he