Bloomberg Australia is close to reaching a deal to produce a Covid-19 vaccine, Health Minister Greg Hunt said on Sunday. “We are in advanced negotiations with a range of different companies with regards to a vaccine,” Hunt said on Sky News. He said he was “genuinely optimistic” a coronavirus vaccine would be internationally available by next year. The federal government ...

Bloomberg The Federal Reserve could allow inflation to accelerate above its 2% goal if has underperformed it in the past, said Dallas Fed President Robert Kaplan. “I would be willing to see inflation run moderately above 2% in the aftermath of periods where we’ve been running persistently below,” Kaplan said in a virtual event with the Dallas Friday Group, a ...

Bloomberg Two US banking giants are rolling out more benefits to parents juggling childcare and home schooling while keeping the companies running through the pandemic. Citigroup Inc. will offer employees discounts on test preparation and tutoring services as many continue to work from home while their kids start the new school year. Bank of America Corp. (BofA) is extending backup ...