Great Eastern to offer cover for gig economy workers

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Great Eastern, in partnership with telehealth provider Doctor Anywhere, has launched an insurance product targeted at self-employed, freelance, and gig economy workers in Singapore, in light of COVID-19.

The product, known as GREAT Comprehensive Care, combines hospitalisation income, personal accident coverage, and outpatient care cover in a single policy. Two plan tiers are available, allowing choice for the level of desired coverage, with premiums starting at approximately SG$22 a month. It can be purchased through Great Eastern’s website, with no medical check-up needed.

“As the landscape evolves, income and health protection become all the more important for the self-employed, gig

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The Fed said it could supply the economy with $2.3 trillion. It hasn’t come close so far

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A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington on March 19, 2019.

Leah Millis | Reuters

When the coronavirus pandemic locked up capital markets and pulled the economy into recession, the Federal Reserve took aim with a $2.3 trillion bazooka to try to help. Thus far, though, the central bank has only fired off surprisingly few rounds.

In the three months since a slew of programs were announced, the Fed has loaned out just $143 billion, or a mere 6.2% of its total firepower. The most ambitious initiative, the Main Street Lending Program, has yet

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China Beige Book predicts economy could contract this year

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Workers make toys at a plastic product factory in Zhangjiajie, central China’s Hunan Province, May 27, 2020.

Xue Yuge | Xinhua News Agency | Getty Images

With about half a year to go, it’s still not a given that China’s economy will grow in 2020.

An independent survey of more than 3,300 businesses in the country by U.S.-based China Beige Book found that for the second quarter, recovery from the first quarter’s decline is minimal, according to findings released Tuesday Beijing time.

“Until and unless global demand recovers more forcefully, the incremental quarterly improvement just seen will make for a

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Here are five charts that track how the U.S. economy is recovering from coronavirus

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Workers assists guests at check-in during the reopening of Bellagio hotel-casino on June 4, 2020, in Las Vegas.

Ronda Churchill | AFP via Getty Images

With states continuing to lift coronavirus restrictions, people across the U.S. have felt more comfortable traveling, taking transit, eating out and even moving to a new home.

Improvement across the travel and restaurant industries, as well as the housing market, could signal that a broader economic recovery is on the horizon even though the pandemic is still ongoing. 

These five charts illustrate trends in key economic indicators that help track reopening progress in the U.S.

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