U.S. jobless claims decline to a still-high 900,000

WASHINGTON — The number of Americans seeking unemployment benefits fell slightly last week to 900,000, still a historically high level that points to ongoing job cuts in a raging pandemic. The Labor Department’s report Thursday underscored that President Joe Biden…

IMF chief sees 'high degree of uncertainty' in global outlook

WASHINGTON (REUTERS) – The head of the International Monetary Fund on Monday (Jan 19) said the global lender needed more resources to help heavily indebted countries, citing a highly uncertain global economic outlook and a growing divergence between rich and…

Budget 2021 likely to be more targeted as aid tapers off

Next month’s Budget is expected to target sectors hit hardest by the pandemic, but spending overall will be reined in after extensive support measures were rolled out last year. Mr Liang Eng Hwa, chairman of the Government Parliamentary Committee for…

Jobs lost but new opportunities found as well

SINGAPORE – A once-in-a-century global pandemic has disrupted lives, killed people, upended commerce, shuttered businesses, destroyed jobs and simply caused untold chaos to the order in our lives. One of the darkest shadows it cast was the way it reinforced…