U.S. House of Representatives Speaker Nancy Pelosi on Saturday said a new $1.8 trillion economic stimulus proposal from the Trump administration "amounted to one step forward, two steps back" and would need changes to get support from congressional Democrats.

Pelosi says Trump stimulus proposal is 'one step forward, two steps back'

President Donald Trump said Thursday he sees "really good" odds of reaching a deal with Democrats in Congress on a new round of coronavirus stimulus for the battered US economy.

Trump says 'really good chance' of US stimulus deal

Finance Minister Nirmala Sitharaman on Sunday said a new "coherent" public sector enterprises policy will be formulated that will define strategic sectors which will have not more than four PSUs.

Government to privatise non-strategic PSUs: Finance minister

European Union leaders have agreed upon a plan for injecting billions of euros of emergency aid into Europe's battered economies. European Commission chief Ursula von der Leyen said the fund would mobilise €1 trillion of investment.

EU leaders agree to mobilise €1 trillion as Covid-19 rescue plan

Republicans and Democrats in the U.S. Senate on Saturday scrambled to complete a deal on a $1 trillion-plus bill aimed at stemming the coronavirus pandemic's economic fallout for workers, industries and small businesses.

US Senate races to agree on massive coronavirus relief package