Economics

Jack Dorsey, the billionaire CEO of Twitter and mobile-payment company Square, is giving $5 million to Humanity Forward, a group launched by former Democratic presidential candidate Andrew Yang, to help fund microgrants to those out of a job during the…

Sen. Bernie Sanders (I-Vt.) and Rep. Ilhan Omar (D-Minn.) led more than 300 international lawmakers across two dozen countries in a letter to the leadership of the World Bank and the International Monetary Fund (IMF) today, calling on the international…

Corona crisis and corona relief measures reinforce inequality and the north-south divide within the EU. Germany consolidates its hegemony. Foreign policy experts in Germany and the EU’s Foreign Affairs Commissioner Josep Borrell are warning that Brussels’ corona relief measures could…

Increasingly high numbers of Americans support monthly payments to the people during the Corona crisis, but Congress is not listening. ​As millions of Americans confront the economic reality of being out of work for months as a result of COVID-19…

A new report by the Economic Commission for Latin America and the Caribbean (ECLAC) unveiled on Tuesday, proposes that governments ensure immediate temporary cash transfers to help millions of people struggling to meet basic needs, as the massive fallout from COVID-19 ripples…

By Fairuz Ahmed As the COVID-19 mayhem carries on in most countries, the role of mothers, daughters, and female caregivers have been affected the most. Besides looking after the household and home schooling children, they are also working on the…

In power for 26 years, president Lukashenko pokes fun at the risks of Covid-19 while trying to preserve the economy Praveen S. – Brasil de Fato Belarus is the only European country that did not adopt any social distancing measures…

While the world’s second-largest economy, China, has suffered its first contraction on record due to the Covid-19 pandemic, some experts argue the country has been preparing for a possible crisis for a long time. RT talked to economists to find…

By Franciscka Lucien and Joel Curtain The World Bank and the International Monetary Fund (IMF) have a historic opportunity to help stabilize a world reeling from COVID-19. Doing so will require the institutions to change course and aggressively support poor…

Molly Scott Cato Capitalism isn’t working. We need a Universal Basic Income as we come out of the coronavirus lockdown into the economic – and the climate – crisis. The furlough scheme was an extraordinary move from a Conservative government…