In theory, the sweeping coronavirus rescue package passed by Congress and signed by the president last week was not supposed to benefit Donald Trump or anyone else in his family and their businesses. But according to a Politico analysis of the 880-page, $2 trillion legislation, Jared Kushner’s family business appears poised to capitalise on a provision of the relief bill allowing owners […]
The fundamental pillars of Donald Trump’s presidency — a hot economy, strong job growth and a rocking stock market — are all being smashed to splinters by the ravaging coronavirus, which has shuttered much of the nation and now officially ended a streak of 113 months of job gains dating back to the end of […]
The C.I.A. has been warning the White House since at least early February that China has vastly understated its coronavirus infections and that its count could not be relied upon as the United States compiles predictive models to fight the virus, according to current and former intelligence officials. Read Here – The New York Times
The United States has limited means of influencing China’s closed political system, but the diplomatic, economic, and military pressure that Washington can bring to bear on Beijing will put Xi and the Chinese Communist Party (CCP) he leads under enormous strain. Indeed, a prolonged period of strategic confrontation with the United States, such as the […]
The first hints that extremely low oil prices could plunge many petro-states into crisis came at the beginning of March, when the price of Ecuador’s sovereign bonds fell to record lows. Oil accounts for about a third of Ecuador’s export earnings and a similar portion of its public-sector revenue. Read Here – Foreign Affairs
UN Secretary-General Antonio Guterres renewed his call for a global ceasefire, urging all parties to conflict to lay down arms and allow war-torn nations to combat the coronavirus pandemic. “The worst is yet to come,” Guterres said, referring to countries with fighting like Syria, Libya and Yemen…The COVID-19 storm is now coming to all these […]
The delivery of the first batch of European aid to Iran this week does not only represent a lifeline to the regime in Tehran as it attempts to tackle the deadly impact of the coronavirus pandemic. It also presents Iran with the opportunity to begin the painful process of rebuilding relations with the outside world. […]
The fog of war obscures much about the novel coronavirus pandemic. But two facts seem absolutely certain. First, China’s Communist authorities have lied, concealed and misled about the origins of the epidemic and the toll of the virus in China. Second, the World Health Organization has acted as Beijing’s handmaid. The result: The global toll of […]
The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks in the swiftest, most stunning collapse the U.S. job market has ever witnessed, even as the public health crisis deepens in New York City, where a funeral home in a hard-hit neighbourhood had 185 bodies stacked up — more than […]
India will pull out of a three-week lockdown in phases, Prime Minister Narendra Modi said, as officials battle to contain the country’s biggest cluster of coronavirus infections in the capital, New Delhi. The shutdown, which has brought Asia’s third-largest economy to a shuddering halt, had been due to end on April 14. Read Here – […]
