Tag: Economic Stimulus

UK’s Prince Charles tests positive; US agrees $2 trillion stimulus to aid economy

UK’s Prince Charles tests positive; US agrees $2 trillion stimulus to aid economy

Do we still know enough about the Sars-Cov-2 virus that has brought world superpowers to their knees? As the question lingered, Spain’s death toll surpassed that of China, where the virus surfaced late last year. Meanwhile, to mitigate a fallout of the pandemic, the US Senate and the White House reached an agreement on a $2 trillion stimulus package for the US economy, and to help the millions of Americans ravaged by the situation.

Britain’s heir to the throne, Prince Charles, has tested positive for the coronavirus, according to a statement from his London household.

* China’s National Health Commission reported 47 new confirmed cases and four more deaths as of March 24. It said all new cases were all imported, meaning they traveled from overseas.
* Malaysia has reported another 172 cases of the coronavirus, taking the country’s total confirmed cases to 1,796, Prime Minister Muhyiddin Yassin said in a televised address.
* The White House and Senate leaders reached a deal on a massive $2 trillion coronavirus stimulus bill to combat the economic impact of the outbreak.

The Prince of Wales has tested positive for Coronavirus. He has been displaying mild symptoms but otherwise remains in good health and has been working from home throughout the last few days as usual.

The Trump administration struck a deal with Senate Democrats and Republicans on an historic rescue package with more than $2 trillion in spending and tax breaks to bolster the hobbled U.S. economy and fund a nationwide effort to stem the coronavirus.

The Duchess of Cornwall has also been tested but does not have the virus. In accordance with Government and medical advice, the Prince and the Duchess are now self-isolating at home in Scotland. The tests were carried out by the NHS in Aberdeenshire where they met the criteria required for testing.

The spokesman said it was difficult to determine how the prince, aged 71, contracted the virus.
It is not possible to ascertain from whom the Prince caught the virus owing to the high number of engagements he carried out in his public role during recent weeks.

International Olympic Committee (IOC) President Thomas Bach said Wednesday that a surge in coronavirus cases in Africa had prompted the decision to postpone the world’s biggest sporting event.

Bach and Japanese Prime Minister Shinzo Abe announced Tuesday that the Olympic Games, which was due to start in Tokyo on July 24, would be postponed until no later than the summer of 2021 due to the coronavirus pandemic. — Elliot Smith.

Third phase for Economic stimulus for America on way

Third phase for Economic stimulus for America on way

It is now confirmed that the American senate and treasury are going all out to ensure that the $1 trillion economic stimulus proposal passes the legislation vote according to aids on Capitol Hill.

Speaking to the media Senate Mc Connell has said, “We need to move rapidly as situation asks for it.” If passed, this will be the third and largest move to combat the aftermath of the coronavirus in terms of financials. This is also the time when a paid leave package has been also passed.

The dissemination of the economic stimulus would see $500 billion into direct cash payments to go to directly American bank accounts , around $100 billion as injections into hard hit industries and around a $300 million to support the low business programme in the country.

It is worth noting that when the first vote didn’t go through, the market fell by 7 percent. Secretary of the US Treasury, Steven Mnuchin has amply warned lawmakers to pass this bill of $1 trillion unless they want to face a situation where it is pre-empted that the employment rate will hit 20 percent.

A paid sick leave to hourly employees and expansion of unemployment insurance has also been passed through a bill. Meanwhile
This Phase three proposal also includes $50 billion to aid the hard-hit airline industry as well. The phase two package had included free coronavirus testing, expanded funding for food security programs, increased funding for Medicaid and state unemployment insurance, and paid sick, family and medical leave for workers at companies with 500 employees or fewer. The majority of workers in the country work at companies with more than 500 employees, many of which already offer paid leave.

Read More News Related to America
> America gripped in fear moves for more liquidation for cash
> How America is trying to buy off a vaccine formula from Germany
> Diplomat: America has not coordinated or notified the European Union regarding the travel ban.

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A Chinese company offered Friday to replace thousands of faulty coronavirus test kits after Spanish health authorities – desperate for materials to cope with the world’s second highest COVID-19 death toll.
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