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Heather Scott
Heather Scott
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World Bank chief warns extreme poverty could surge by 100 million amid pandemic
by Heather Scott - August 21, 2020 - 9:53am
The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David Malpass warned Thursday.
Virus wreaks economic havoc as global cases top 17 million
by Heather Scott - July 31, 2020 - 8:23am
Six months after the World Health Organization declared a global emergency, the novel coronavirus has infected more than 17 million people across the globe. 
COVID-19 crisis exacerbates globalization worries: IMF economist
by Heather Scott - June 25, 2020 - 8:01am
Globalization has been under fire around the world, but the coronavirus pandemic has added fuel to those concerns, IMF chief economist Gita Gopinath said on Wednesday.
Pandemic drives broadest economic collapse in 150 years: World Bank
by Heather Scott - June 9, 2020 - 7:26am
The world economy is expected to contract by 5.2 percent this year — the worst recession in 80 years — but the sheer number of countries suffering economic losses means the scale of the downturn is worse...
US Fed slashes key interest rate, rolls out massive response to pandemic
by Heather Scott - March 16, 2020 - 12:25pm
Faced with a growing economic shutdown from the coronavirus pandemic, the US Federal Reserve on Sunday announced drastic emergency measures to shore up confidence and keep the financial sector running, including...
US leads global fight against coronavirus economic threat
by Heather Scott - March 4, 2020 - 10:19am
The death toll in the United States rose to nine, many linked to a nursing home in the Seattle suburbs, while the overall number of infections shot past 100 including cases on both coasts and the Midwest.
US central bank won't shift rates but virus adds new risk factor
by Heather Scott - January 29, 2020 - 1:11pm
The Federal Reserve is widely expected to leave its key interest rate unchanged on Wednesday, but the deadly SARS-like virus spreading in China adds a new element to keep policymakers on alert.
US, China sign 'momentous' trade deal
by Heather Scott - January 16, 2020 - 2:45pm
The United States and China signed a truce in their trade war on Wednesday after nearly two years of tensions, bringing relief to markets but largely leaving massive tariffs in place.
US Fed lowers key interest rate as 'insurance' against economic risks
by Heather Scott - October 31, 2019 - 10:42am
The US Federal Reserve cut its benchmark interest rate for the third straight time on Wednesday but is likely to hold off before providing more stimulus as it gauges economic risks.
Trump attacks, economic fears focus spotlight on Fed's Powell speech
by Heather Scott - August 22, 2019 - 11:06am
When the leader of the Federal Reserve speaks, the world listens. But the relentless attacks by US President Donald Trump ensure Fed Chair Jerome Powell's speech Friday will be subjected to an even more intense...
US Fed cuts key interest rate to 'insure' against global uncertainties
by Heather Scott - August 1, 2019 - 10:48am
The US Federal Reserve on Wednesday cut the benchmark interest rate for the first time in more than a decade but struggled to justify the move or explain where it goes next.
Door open to US rate cut as Fed's Powell flags economic uncertainties
by Heather Scott - July 11, 2019 - 10:52am
Federal Reserve Chair Jerome Powell on Wednesday left the door open to an interest rate cut this month, pointing to uncertainty about trade frictions and global growth.
Fed opens door to rate cut amid growing 'uncertainties'
by Heather Scott - June 20, 2019 - 10:10am
The Federal Reserve opened the door to an interest rate cut on Wednesday, vowing to act to keep the economy growing as uncertainties about trade and other issues mount.
US Federal Reserve leaves key rate unchanged amid mixed economic signals
by Heather Scott - May 2, 2019 - 12:10pm
The US Federal Reserve decided Wednesday to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy.
IMF, World Bank urge caution with China loans
by Heather Scott - April 12, 2019 - 10:54am
Increased lending by China to developing nations is increasingly under the spotlight amid concerns that growing debt burdens and onerous conditions could sow the seeds of a crisis.
US grounds Boeing 737 MAX amid growing safety concerns
by Heather Scott - March 14, 2019 - 8:56am
The ban on the Boeing 737 MAX aircraft became worldwide on Wednesday after US President Donald Trump joined Canada and other countries in grounding the aircraft amid mounting global fears for the jets' airworth...
US ready to take 'immediate' action after Ethiopia plane crash
by Heather Scott - March 12, 2019 - 9:39am
US regulators on Monday ordered Boeing to make urgent improvements to the best-selling jet involved in a deadly Ethiopia plane crash -- but ruled out grounding the fleet as investigators worked to piece together...
US wants 'concrete' trade action from China within 90 days
by Heather Scott - December 4, 2018 - 1:16am
The United States said yesterday it will need to see "something concrete" from China in the next 90 days to build a real agreement on trade, two days after Donald Trump and Xi Jinping called a truce in the escalating...
Trump hails new US-Canada-Mexico trade pact
by Heather Scott - October 2, 2018 - 1:23am
President Donald Trump on yesterday declared a new US trade pact with Canada and Mexico to be "a great deal" for all three countries, hailing the replacement of the old NAFTA deal which he long railed against and...
US, Canada agreement on NAFTA 2.0 appears to be in reach
by Heather Scott - August 30, 2018 - 8:34am
A deal on an overhaul of the North American Free Trade Agreement appears to be within reach, as Canada and the United States were set to continue negotiations Thursday aimed at getting the pact done by the end of...
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