JUNE 5, 2020
Former RBI Governor Raghuram Rajan on Friday said the central bank cannot bail out every company and many will need to run through the bankruptcy process.
"The RBI can’t bail out every company," he said in an interview to CNBC-TV18. "Many will need to be run through bankruptcy processes."
Rajan said most nations do not have the capacity for...
JUNE 5, 2020
Sen. Lisa Murkowski said the quiet part out loud.
WASHINGTON, DC - JULY 18: Sen. Lisa Murkowski (R-AK) talks with reporters before attending the weekly Senate Republican policy luncheon outside the Mansfield Room at the U.S. Capitol July 18, 2017 in Washington, DC. Senate Majority Leader Mitch McConnell (R-KY) said there are not enough votes for his plan...
JUNE 5, 2020
Worries over India’s economic growth dominated discussions of the monetary policy committee that met last month, ahead of its scheduled meeting this week, and announced a 40 basis points rate cut.
Most members agreed India is headed towards a recession in 2020-21 from a worsening of private consumption and investment demand, according to the minutes of the meeting...
JUNE 5, 2020
White House Chief of Staff John Kelly stands in the Oval Office while President Donald Trump meets with UN Secretary General António Guterres, at the White House on October 20, 2017 in Washington, DC. (Photo by Mark Wilson/Getty Images)
Former White House chief of staff John Kelly said Friday he agrees with former Secretary of Defense Gen....
JUNE 5, 2020
America’s labor market unexpectedly rebounded in May, signaling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic.
Nonfarm payrolls rose by 2.5 million after a 20.7 million tumble the prior month that was the largest in records back to 1939, according to Labor Department data Friday. The jobless rate...
JUNE 5, 2020
President Donald Trump walks past police in Lafayette Park after he visited outside St. John's Church across from the White House. - Patrick Semansky/AP Photo
President Donald Trump tweeted out a letter Thursday that a referred to a group of protesters as “terrorists,” following their violent ouster from a park near the White House earlier this week.
The letter...
JUNE 4, 2020
MINNEAPOLIS , MINNESOTA - JUNE 04: The casket of Gorge Floyd arrives at the memorial service on Thursday, June 4, 2020 in Minneapolis , Minnesota.
MINNEAPOLIS , MINNESOTA — Politicians, civil rights legends and celebrities joined family members Thursday to mourn George Floyd in ways rousing and uplifting, and for one long, poignant moment, silent.
The memorial for Floyd,...
JUNE 4, 2020
Fortified by troops in uniform, foreboding fencing and police in riot gear, President Donald Trump remained protected from largely peaceful protesters this week -- but not from the ire of his predecessors and the nation's top military figures.
While Trump has always embraced his outsider status among the elite president’s club, his defensive tone and calls to “dominate”...
JUNE 4, 2020
Americans are unhappy with President Donald Trump's response to the death of George Floyd, his handling of the ensuing protests and the way he has dealt with race relations in general, according to four polls released this week.
The death of Floyd, who was killed when a white Minneapolis police officer pinned him to the ground with a...
JUNE 4, 2020
FILE PHOTO: Protests against the death in Minneapolis police custody of George Floyd in Minneapolis
Minneapolis - Long before the death of George Floyd last week, efforts to overhaul the way policing is done in Minneapolis repeatedly fizzled in the face of a powerful 800-member union that championed military-style police tactics.
The union's labor contract with the city is a...
