Xinhua
26 Feb 2021, 17:25 GMT+10
WASHINGTON -- U.S. Treasury Secretary Janet Yellen on Thursday urged finance ministers of the Group of 20 (G20) to strengthen cooperation to contain the COVID-19 pandemic and boost global recovery.
"For more than a year the global community has faced a historic challenge from the dual health and economic crises caused by the pandemic," Yellen said in a letter to her G20 colleagues, one day ahead of a videoconference of G20 finance ministers and central bank governors.
(Yellen-G20-Recovery)
- - - -
FRANKFURT -- The European Central Bank (ECB) will need to continue providing ample monetary accommodation for an extended period, even after the disinflationary pressures caused by the pandemic have been sufficiently offset, ECB chief economist Philip Lane said on Thursday.
"Looking ahead, it is clear that the successful containment of the virus and the fostering of a sustainable recovery will require an extended period of favorable financing conditions for all sectors of the economy," Lane said, according to a version of his speech published by the ECB. (ECB-Monetary policy-COVID-19)
- - - -
MEXICO CITY -- The National Institute of Statistics and Geography (INEGI) of Mexico revised the fall in the country's gross domestic product (GDP) from 8.3 to 8.2 in 2020, the worst record since the 1930s as a result of the COVID-19 pandemic.
According to the INEGI report released Thursday, in 2020, Mexico's industrial activity, closely linked to the United States, stumbled 10 percent, while the service sector, the largest contributor to the Mexican GDP, fell 7.7 percent. (Mexico-Economy-GDP)
- - - -
CANBERRA -- Australia's greenhouse gas emissions have fallen to the lowest level since 1995 as coronavirus restrictions limited travel.
Data released by the Department of Industry, Science, Energy and Resources on Friday revealed that emissions fell by 4.4 percent in the 12 months to September 2020. (Australia-Emissions-COVID-19)
Get a daily dose of Orlando Echo news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Orlando Echo.
More InformationBRUSSELS, Belgium: Meta is holding firm on its controversial pay-or-consent model, a move that could lead to fresh antitrust charges...
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
(Photo credit: Darren Yamashita-Imagn Images) The American League and National League announced their lineups for Tuesday's All-Star...
(Photo credit: Chet Peterman / Special to The Post / USA TODAY NETWORK via Imagn Images) Former NFL quarterback Teddy Bridgewater...
(Photo credit: Rick Scuteri-Imagn Images) The Kansas City Royals placed right-hander Michael Lorenzen on the 15-day injured list...
Government insiders are resisting efforts to rein in their power, the US director of national intelligence has said US Director of...