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More than 340,000 Americans will see an increase in their monthly pay cheque tomorrow after Walmart, the biggest private-sector employer in the US, raised its minimum hourly wage to $14. The retailer’s move will in effect set a new floor for pay in many US states. On the other side of the Atlantic, as many […]

May 11 (Reuters) – The financial strength built up in U.S. households limited the damage from the coronavirus pandemic but may now be aggravating – and prolonging – the Federal Reserve’s inflation fight as the central bank waits for people to run out of spending power. The recent dive in stock market prices – a […]

LONDON —  In the latest Senate package targeted at stopping the coronavirus, U.S. lawmakers dropped nearly all funding for curbing the virus beyond American borders — a move many health experts slammed as dangerously short-sighted. They warn the suspension of COVID-19 aid for poorer countries could ultimately allow the kind of unchecked transmission . . .


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