President Joe Biden intends to sign the massive $1.9-trillion Covid-19 relief bill that was passed by both the houses of the US Congress on Friday.The package, which represents Biden's ambitious attempt to rebuild the US economy hit hard by the coronavirus, was approved by the House of Representatives by a 220-211 vote along partisan lines.The Senate had already passed the Bill.Biden said in a sta...
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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.