Business

Trudeau promises financial help for seniors, youth

  By Thomas I. Likness EBC Edmonton Bureau EDMONTON (Eagle News) — Seniors, youth and other vulnerable groups will receive the latest round of help announced by the Canadian government. At his daily briefing on the COVID-19 Pandemic on Sunday, …

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Government assistance programs launched to help Hawaii businesses affected by COVID-19 crisis

  By Alfred Acenas EBC Hawaii Bureau HONOLULU, Hawaii (Eagle News) – U.S. Senator Brian Schatz,  Democrat from Hawaii, launched an online resource guide on Saturday, March 28, to help businesses in the Aloha State avail of federal loans and …

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Bank of Canada cuts interest rate; Trudeau offers more help to small, medium businesses

  By Thomas I. Likness EBC Edmonton Bureau EDMONTON (Eagle News) — Canada’s central bank rate is at an all time low and the prime minister has promised more help to get people back to work. The Bank of Canada …

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Canadian government gives help to jobless workers impacted by COVID-19

  By Thomas I. Likness EBC Edmonton Bureau EDMONTON (Eagle News) — Canadian workers who lost their jobs because of COVID-19 will receive $2,000 a month from the federal government. Prime Minister Trudeau said Wednesday the money will be available …

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Asia markets surge as US agrees blockbuster stimulus package

  HONG KONG (AFP) — Asian equities soared again Wednesday after US lawmakers finally agreed a mammoth stimulus package to support the world’s top economy against the impact of the coronavirus pandemic. While the deadly disease continues to spread, traders …

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Canada public health measures may be in effect for months

  By Thomas I. Likness EBC Edmonton Bureau EDMONTON (Eagle News) — Alberta’s chief medical officer of health said there will be no quick end to the public health emergency as a result of COVID-19. Dr. Deena Hinshaw said Friday …

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Trump administration urges rapid stimulus approval as economy tanks

By Heather Scott WASHINGTON, DC (AFP) — Amid growing evidence of the damage inflicted on the US economy by the coronavirus pandemic, Senate Republicans on Thursday introduced a $1 trillion emergency stimulus package. Many economists now say the United States …

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Canada announces $82-billion COVID-19 aid package for businesses and workers

  By Thomas I. Likness EBC Edmonton Bureau EDMONTON (Eagle News) — Canadian Prime Minister Justin Trudeau announced a new set of economic measures to help Canadians weather the COVID-19 pandemic. “No Canadian should have to worry about paying their …

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Global airlines slash flights as US carriers seek $50 bn bailout

By Roland Jackson/ John Biers NEW YORK, NY (AFP) — Major world airlines on Monday announced further deep cuts to service as the worsening coronavirus crisis ravages demand, accentuating talk of government support with US carriers formally releasing a plea …

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IMF’s Georgieva urges coordinated, global fiscal response to pandemic

  WASHINGTON, DC (AFP) — Global governments must work together to provide massive spending as in the 2008 financial crisis to help the economy withstand the damage from the coronavirus pandemic, IMF chief Kristalina Georgieva said Monday. And emerging markets …

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G7 gears up to tackle coronavirus economic impact

by Richard LEIN PARIS, France (AFP) — Group of Seven finance ministers and central bank chiefs were set to hold coronavirus talks Tuesday as concern mounts the epidemic could imperil the health of the global economy. US Treasury Secretary Steven …

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Asia markets mostly up as central banks prepare virus response

HONG KONG, China (AFP) — Most Asian markets rose for a second day Tuesday following a blockbuster surge on Wall Street fuelled by hopes for a concerted global response to the coronavirus. Pledges of action from central banks around the …

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