As he prepares to announce a massive boost to public spending, U.K. Prime Minister Boris Johnson referenced former U.S. President Franklin D. Roosevelt who is renowned for implementing the "New Deal."
Investors should stay bearish on U.S. stocks until the full extent of the economic damage caused by the coronavirus pandemic is known, according to TS Lombard.
The coronavirus pandemic is expected to have resulted in a 14% drop in global working hours in the second quarter of 2020, the International Labour Organization has said.
Chinese President Xi Jinping has signed the Hong Kong national security law, state media reported on Tuesday saying that the top decision-making body in China's parliament has voted to approve the legislation.
Instead of targeting bonds as a form of economic stimulus, policymakers should look to the value of the greenback, one independent macro advisor suggested.
Prime Minister Boris Johnson promised to shake Britain's economy out of its coronavirus-induced crisis on Tuesday, by fast-tracking infrastructure investment and slashing property planning rules.
Ian Goldin, professor of Globalisation and Development at the University of Oxford and ex-vice president of the World Bank, has been predicting a widespread pandemic for several years.
Trump and the White House have denied that the president had been briefed on the matter. The White House had also said that the intelligence underpinning the claim was unverified.
British asset manager Standard Life Aberdeen said on Tuesday that Keith Skeoch would step down as chief executive and be replaced by former Citi executive Stephen Bird after five years at the helm.
News of the charges, in the range of $15 billion-$22 billion, follow the energy company's plans to reduce greenhouse gas emissions to net zero by 2050.
China's official manufacturing PMI for June came in at 50.9, according to data released by the country's National Bureau of Statistics (NBS). PMI readings above 50 signify expansion, while those below that indicate contraction.
Former Malaysian Prime Minister Mahathir Mohamad wants to take down the current government. His resignation from the top job in February had resulted in the collapse of the previous administration that he led.