Pandemic Financial News

As more children emerge from the pandemic grappling with mental health issues, their parents are seeking ways for them to build emotional resilience

Italy’s far-right-led government has approved a budget for next year that aims to bolster public health services, encourage families to have more children and put more money in the pockets of low- and medium-wage earners

California Gov. Gavin Newsom has signed a law to raise the minimum wage for health care workers

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Analysts from stockbroker Barrenjoey say they have “some sympathy” for pubs billionaire Bruce Mathieson snr in his push to try to lift Endeavour Group’s performance, but say his aggressive campaign overplays the extent of the problems.

Telstra shareholders will press new director Maxine Brenner to explain how she handled corporate governance issues while on Qantas’ board as she stands for election at the telecommunications group’s annual general meeting on Tuesday.

fertiliser to more than double over the past year, but he is bitterly aware of the consequences. At his farm in northeastern Nigeria, he can no longer afford enough fertiliser, so his corn is stunted and pale, the scraggly plants bending toward the powdery earth. Inside his mud house, he has grown accustomed to explaining to his two young children and pregnant wife why they must make do with two meals a day — and sometimes only one — even as hunger gnaws. As he and his neighbours commiserate over the calamity unfolding across much of Africa, they exchange theories on one source of trouble: Russia's war on Ukraine, which disrupted shipments of key ingredients for fertiliser. «We are in two different worlds, separated by airplanes and oceans,» Chubado said.

Hamas in Gaza will have an impact on the budget but it will be manageable since the country entered the conflict with a very solid fiscal position, Bank of Israel Governor Amir Yaron said on Sunday. In a speech to a G30 panel, Yaron said it was difficult at this time to put exact numbers on how the budget may be affected by the conflict. «But there is no doubt this war will have fiscal implications that will depend on its intensity and duration,» he said in published remarks.

Zoramthanga on Sunday asserted that his party, the Mizo National Front, will return to power and bag 25-35 seats in the upcoming polls for the 40-member assembly. He also claimed that the Congress, which was ousted by the MNF in the 2018 polls, could draw a blank in this year's election to be held on November 7. «We are busy preparing ourselves for the upcoming assembly polls.

Fresh from its $838 million takeover of aged care operator Estia Health, Bain Capital is back for another piece of the pie.

The value of 99 Bikes-owner Pedal Group has almost halved since the peak of cycling mania during the coronavirus pandemic, as an oversupply of bicycles bites.

Residential price growth across the 107 world cities has slowed in Q2 2023, falling to 1.7% YoY from 11.7% YoY in Q2 2022, according to Knight Frank’s latest report ‘Global Residential Cities Index Q2 2023’. This is recorded to be lower than that experienced in the first wave of the pandemic, when growth reached a low of 2.9% in Q2 2019.

MARRAKECH, Morocco (Reuters) — The International Monetary Fund has met its fundraising target to increase concessional trust fund resources for the world's poorest countries by $3 billion, IMF Managing Director Kristalina Georgieva said on Saturday.

International Monetary Fund has met its fundraising target to increase concessional trust fund resources for the world's poorest countries by $3 billion, IMF Managing Director Kristalina Georgieva said on Saturday. Georgieva said in a statement that the contributions completed during IMF and World Bank annual meetings in Morocco «will allow the IMF to continue to support low-income countries with zero-interest rate financing to meet their evolving needs.» She said that PRGT lending has increased five-fold to $30 billion since the onset of the COVID-19 pandemic, with about 30 countries still with loan programs. Demand for the trust's resources is expected to reach $40 billion through 2024, about five times the historical average. The IMF had urged member countries to fill a $1.2 billion gap in the $3 billion subsidy account endorsed by the membership in 2021.

NEW DELHI : On Thursday, HCL Technologies Ltd beat Street estimates to report a better-than-expected September quarter. Quarterly revenue remained sequentially flat, although net profit surged 7.9% to $464 million, while operating margin rose by a significant 1.5 percentage points. In an interview, C Vijayakumar, managing director and chief executive of HCL Technologies, said the company has slashed its FY24 guidance despite this result due to a weak overall first half of this fiscal.

By Jacob Gronholt-Pedersen

Unions representing 75,000 health care workers who recently held a strike against industry giant Kaiser Permanente over wages and staffing shortages have reached a tentative agreement with the company

By Lucia Mutikani

China's economy remains in the doldrums, with prices falling due to slack demand from consumers and businesses

China has reported its exports and imports both fell in September from a year earlier as global demand remained muted

MARRAKECH, Morocco (Reuters) — The World Bank on Friday said it is bolstering collaboration with nine multilateral development banks (MDBs) to accelerate its vision of a liveable planet free of poverty.