India will be a ‘significant recipient’ of US vaccines, says
WASHINGTON: India will be a “significant recipient” of US vaccines, the country’s envoy here has said as President Joe Biden announced details of his administration’s decision to share 2.5 crore Covid-19 shots to countries across the globe that have been facing vaccine shortages. Biden on Thursday said that the US will allocate 75 per cent…
Increase in manufacturing capacity of Covid vaccines in India may
WASHINGTON: Increase in manufacturing capacity of Covid-19 vaccines in India has the potential to be a game changer well beyond its borders, the Biden Administration said Thursday. “It’s important to us because India has suffered immensely from the outbreak. Virtually, no element of Indian society has been left untouched by this horrible scourge. That is…
US adds 559,000 jobs in May as hiring rebounds
WASHINGTON: US employers added 559,000 jobs in May, rebounding from April’s hiring slowdown, with unemployment rate dropping to 5.8 per cent, the Labour Department reported. The latest data followed upwardly revised job growth of 278,000 in April and upwardly revised increase of 785,000 in March, indicating a bumpy road in labour market recovery, reports Xinhua…
Joe Biden says jobs report bolsters case for government spending
WASHINGTON: President Joe Biden portrayed the May jobs report as a jumping off point for more spending on infrastructure and education to keep growth going — essentially an argument for his agenda. But the employment numbers issued Friday also hinted at the possible limits of how much government aid can be pumped into the world’s…