The Federal Reserve is nearing the point of reducing its massive support for the economy, with analysts expecting an initial decision as early as next month on when and how the U.S. central bank should begin cutting its $120 billion in monthly purchases of Treasuries and mortgage-backed securities.
British ministers are drawing up plans to cut thousands of civil service jobs as part of a three-year review of government spending, The Times newspaper reported.
Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by the pandemic, potentially torpedoing a private sector central to the country's efforts to remake its unorthodox and oil-pumped economy.