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US Prez Biden signs exec order to tighten Buy American policies; strengthen country’s economy

WASHINGTON: US President Joe Biden has signed an executive order that strengthens the existing Buy American rules by closing loopholes and reducing waivers granted on federal purchases of US-made goods to ensure that American manufacturing is part of the engine of the country’s prosperity. Biden, who signed the executive order on Monday, six days after being sworn in, also ordered ...

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Joe Biden, citing ‘economic imperative’, orders faster relief checks, more food aid

WASHINGTON: US President Joe Biden on Friday ordered the faster issuance of pandemic stimulus checks to needy families and increased food aid for children who normally rely on school meals, an effort to ease Americans’ burdens while Congress negotiates over his proposed $1.9 trillion economic stimulus package. In the opening days of his administration, Biden is emphasizing that the government ...

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Dow Jones shares: Wall Street hits record high after Trump signs fiscal aid bill

Wall Street’s main indexes hit record highs in early trading on Monday as President Donald Trump‘s signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks. The Dow Jones Industrial Average rose 146.4 points, or 0.48%, at the open to 30,346.23. The S&P 500 rose 24.0 points, or 0.65%, at ...

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Gold pares gains as stock markets climb, dollar steadies

Gold prices pared gains on Monday as the dollar recovered losses and stock markets rallied after U.S. President Donald Trump signed a long-awaited pandemic aid bill, while liquidity remained low on account of the holiday season. Spot gold was little changed at $1,877.20 per ounce by 1301 GMT, having earlier risen as high as $1,900.04 an ounce. U.S. gold futures ...

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Govt Invites Farmers for Talks on Dec 30; Saudi Jails Women’s Rights Activist and Other Top Stories

Govt Invites Protesting Farmers for Talks on December 30 to End Deadlock The central government has called for a meeting with the protesting farm unions on December 30 at 2pm to end the deadlock over the farm reform laws that has led to protests near Delhi’s borders for the last one month. The joint front of around forty farmers’ unions ...

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Oil rises towards $52 after Trump signs aid bill

Oil rose towards $52 a barrel on Monday as U.S. President Donald Trump‘s signing of a coronavirus aid package and the start of a European vaccination campaign outweighed concern about weak near-term demand. Brent crude rose 41 cents, or 0.8%, to $51.70 a barrel at 0926 GMT, reversing an earlier decline. U.S. West Texas Intermediate (WTI) crude added 44 cents, ...

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European shares jump on US stimulus aid support, Brexit deal relief

European shares gained on Monday after Britain and the European Union signed a long awaited trade deal, while a bumper U.S. stimulus package boosted investor sentiment for riskier global assets. U.S. President Donald Trump on Sunday signed into law a $2.3 trillion pandemic aid and spending package, restoring unemployment benefits to millions of Americans and averting a federal government shutdown ...

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Japan shares end near three-decade high after Trump signs stimulus bill

Japanese shares rose in holiday-thinned trade on Monday towards the highest in nearly three decades as investors continued to bet that U.S. fiscal stimulus and coronavirus vaccinations will quicken the global economic recovery. The Nikkei 225 Index ended up 0.74% at 26,854.03, just shy of a 30-year high hit last week. The broader Topix rose 0.54% to 1,788.04. Healthcare, utilities, ...

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Coronavirus live updates: Over 20,000 new COVID-19 cases reported in single day; recovery rate at 95.83%

India’s COVID-19 caseload rose to 1,02,07,871 with 20,021 infections being reported in a day, while recoveries have surged to 97.82 lakh, according to Health Ministry data. The daily new COVID-19 caseload had dropped below 19,000 after six months on December 27. Meanwhile in the U.S., President Donald Trump signed a $900 billion pandemic relief package, ending days of drama over his ...

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Politics Overhangs US Christmas as Government Shutdown Nears, Covid-19 Aid Uncertain

President Donald Trump will spend Christmas Day at his Palm Beach resort as millions of Americans face the risk of losing jobless benefits on Saturday and a partial government shutdown looms next week, following his threat to not sign a $2.3 trillion coronavirus aid and spending package. Democratic President-elect Joe Biden, whose victory Trump still refuses to acknowledge nearly two ...

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