Allianz's American asset management unit pleads guilty to criminal securities fraud and agrees to pay $5.8 billion to those who have been misled about the risk of investing in some hedge funds that collapsed with the beginning of the COVID-19 pandemic, in addition to more than $1 billion to the Securities and Exchange Commission. 2022-05-17
The United States House of Representatives votes 219-212 to pass U.S. President Joe Biden's $1.9 trillion relief package, which would provide $1,400 in direct payments. The bill will head to the Senate for a vote. 2021-02-26
France's government cancels a plan by international airport operator Groupe ADP to expand Charles de Gaulle Airport, the country's largest airport, citing reduced traffic due to the pandemic and inconsistency with environmental policies. 2021-02-11
Malaysia unveils an RM322.5 billion expansionary 2021 Budget to boost its domestic economic activity, according to government reports, as it grapples with the economic fallout of the pandemic and rising political uncertainty. 2020-11-6
The Eurostat reports that consumer prices in the Eurozone have deflated from 0.4% in July to -0.2% in August, the bloc's first deflation since May 2016. 2020-09-1
American Airlines announces it will end service at 15 airports starting October 7. 2020-08-20
State-run oil company Saudi Aramco reports that profits in the first half of 2020 plunged by 50% compared to the same period last year, with decreased demand in oil caused by COVID-19 cited as the main reason by CEO Amin H. Nasser. The company plans to uphold its promise of paying out US$75 billion in annual dividends in spite of this. 2020-08-9
EU finance ministers agree on a 540{{nbsp}}billion loan package to alleviate the economic fallout of the coronavirus pandemic. 2020-04-10
Unemployment in the United States could reach 20 percent if sufficient action is not taken in responding to the coronavirus pandemic, Treasury Secretary Steven Mnuchin warns. 2020-03-18