President Joe Biden is expected to announce $4 billion U.S. aid to boost an international effort to purchase and distribute coronavirus vaccine to poor nations, White House officials said on condition of anonymity.
Biden will make the pledge at the virtual meeting of G-7 countries Friday. He will join leaders of Britain, Canada, France, Germany, Italy and Japan to mark his presidential debut on the world stage.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.