Massive US government stimulus payments during the Covid-19 pandemic last year boosted household income and lowered the share of Americans living in poverty, according to government data analysis released Tuesday.

China’s new ambassador to the United States called on Monday for stable and constructive commercial ties between the world’s two biggest economies, even as they struggle to resolve political and trade differences, a trade group said.

Energy stocks are becoming a popular bellwether for concerns over how deeply the Delta variant of the coronavirus is expected to impact the US economy, as the so-called reopening trade that boosted some parts of the market earlier this year continues to stumble. 

Small employers like Bob Roth on Friday voiced frustration with US President Joe Biden’s mandate that workers either get vaccinated or tested regularly to combat the spread of the coronavirus. 

The United States on Friday allowed imports from Malaysia’s Top Glove Corp, after customs authorities lifted a year-long ban imposed for alleged forced labour found at the world’s largest medical glove maker.

US Treasury Secretary Janet Yellen on Thursday urged countries in the G7 group of richest nations to quickly implement a global tax reform aimed at curbing tax avoidance.

US producer prices posted another record increase in August, according to government data released Friday, as the world’s largest economy grapples with high material costs amid its recovery from the Covid-19 crisis.

The US Treasury Department met with a number of industry participants this week to quiz them about the risks and benefits posed by stablecoins -- a rapidly growing type of cryptocurrencies, the value of which is pegged to traditional currencies, according to three people with direct knowledge of the meetings. 

A US judge on Friday ordered Apple to loosen control over its App Store payment system, a blow to the global tech giant sparked by its anti-trust battle with Fortnite maker Epic Games.

With the Taliban in control and foreign aid blocked, Afghanistan’s economy is likely to contract sharply as it faces a shortage of cash, the nation’s former central bank chief said Friday.

After remaking their security procedures following the 9/11 attacks to stop airline hijackings, carriers are now faced with rising threats targeting computers and electronic equipment critical to their operations and safety.

US economic growth  “downshifted slightly” in July and August amid shortages of workers and materials, as well as concerns about the rise of the highly transmissible Delta variant of the virus that causes Covid-19, the Federal Reserve said Wednesday.

South Africa’s state-owned insurance company Sasria is in talks with National Treasury for a larger bailout than the 3.9 billion rand ($272 million) already promised, its managing director told a parliamentary committee on Wednesday.

Oil prices rose on Wednesday, paring overnight losses, with producers in the US Gulf of Mexico struggling to restart operations nine days after Hurricane Ida swept through.

The pollution, emissions and clean-up costs of plastic produced in 2019 alone could be $3.7 trillion, according to a report released Monday by wildlife charity WWF, warning of the environmental and economic burden of this  “seemingly cheap” material.

The US Gulf Coast Energy Company was boosted on Saturday by the reopening of the port and the restart of the refinery closed by Hurricane Ida, but damage to key facilities continued to curb oil production. 

Investors are girding their portfolios for potential stock market volatility, even as equities hover near fresh highs after logging seven straight months of gains.

The dollar took a dive and stocks slumped after disappointing US jobs data, while Tokyo rose on stimulus hopes after Japan’s prime minister signalled his exit.

Spending less on food. Drawing down on retirement savings. Dropping out of the workforce altogether.Last year, the United States massively expanded unemployment aid as Covid-19 broke out.

Boeing Co’s delivery of 787 Dreamliners will likely remain halted until at least late October as the US Federal Aviation Administration has rejected the company’s recent proposal to inspect them, the Wall Street Journal reported on Saturday.