Spain Lawmakers Extend COVID-19 State Of Emergency
Spain’s parliament on Wednesday voted to extend the country’s state of emergency, allowing stringent coronavirus lockdown measures to remain in…
Category: World
Polish Ruling Parties Strike Deal To Postpone Presidential Election
Poland’s ruling Law and Justice (PiS) party and its junior coalition partner reached a deal to allow for a presidential…
Pfizer Begins Human Testing For Experimental Coronavirus Vaccine In The US
Pfizer said Tuesday it has begun testing an experimental vaccine to combat the coronavirus in the United States. The U.S.-based pharmaceutical giant, which…
Stocks Shed Gains, As American Private Sector Cuts 20.2 Million Jobs in April
Stocks pared some gains Wednesday to trade little changed, as investors continued to price in the possibility of more states relaxing restrictive…
World Shares Subdued Amid Mixed Earnings; Oil Falters
Global shares struggled on Wednesday as mixed earnings, doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions cast…
U.S. Airlines Burn Through $10 Billion A Month As Traffic Plummets
U.S. airlines are collectively burning more than $10 billion in cash a month and averaging fewer than two dozen passengers…
U.S. Trade Deficit Widens, Services Sector Contracts Amid Coronavirus
The U.S. trade deficit increased by the most in more than a year in March as a record drop in…
Why There’s A Looming Debt Crisis In Emerging Markets
Solvency concerns in the developing world are nothing new. But as governments stare down the humanitarian and economic shocks of…
Trump Allies On The Sidelines In Supreme Court Financial Records Fight
Congressional Republicans who strenuously objected when a Democratic-led U.S. House of Representatives panel subpoenaed President Donald Trump’s financial records last…
France Accuses Apple Of Refusing To Help With ‘StopCovid’ App
France accused Apple APPL.O on Tuesday of undermining its effort to fight the coronavirus by refusing to help make its…
Oil Prices Rise As Countries Ease Lockdown
Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs…
New Zealand PM: No Open Borders For ‘A Long Time’
New Zealand Prime Minister Jacinda Ardern says the country will not have open borders with the rest of the world…
European Markets Recover After Day Of Heavy Selling
European markets bounced back on Tuesday after a session of steep losses, spurred by a late rally for Wall Street…
Market Wrap
Risk assets had been hit amid earnings, geopolitical worries. Japan, China, South Korean markets are closed on Tuesday
Covid-19 Global Virus update
U.S. President Donald Trump said some states “aren’t going fast enough” to reopen, even as he acknowledged that the nation’s death count would likely be higher than he had predicted. Globally, deaths topped 250,000. Trump accused Beijing of attempting a cover-up and promised a conclusive report on the pandemic’s origins.
Scientists created a monoclonal antibody that can defeat the new coronavirus in the lab, an early but promising step. U.S. researchers will track thousands of children to determine how they’re affected by the pathogen.
The worst-hit countries in Europe moved to ease curbs as cases slowed. Italy began to reopen its economy after two months, but the premier was criticized for being too cautious, and Spain started to relax its lockdown regime after weeks of confinement.
Why There’s a Looming Debt Crisis In Emerging Markets
Solvency concerns in the developing world are nothing new. But as governments stare down the humanitarian and economic shocks…
The VIX Just Revealed An Optimistic Signal For U.S. Stocks
Market turbulence has calmed down since the mid-March extremes, but a couple of recent moves may bode particularly well for stocks.
Dubai Aims To Open Up For Tourists At The Beginning Of July
Pandemic means tourism sector will focus more on hygiene. The government says it will not restrict hotel construction.
Wall Street Snaps Two-Day Slump On Lift From Tech Titans
U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns…
Germany To Reopen All Shops, Allow Soccer Matches
Germany’s state premiers will agree on measures to further ease coronavirus restrictions in a teleconference with Chancellor Angela Merkel scheduled…
New York Governor Outlines Reopening Plan With Construction, Manufacturing First
New York Governor Andrew Cuomo on Monday outlined a phased reopening of business activity in the state hardest hit by…
UK Says China Has Questions To Answer Over Coronavirus Outbreak
Britain said on Monday that China had questions to answer over the information it shared about the novel coronavirus outbreak,…
Masked And Standing Apart, The World Creeps Out Of Lockdown
Italy, among the world’s hardest-hit countries, started to relax the longest lockdown in Europe, allowing about 4.5 million people to…
Japan Extends State Of Emergency Until May 31
Japan’s Prime Minister Shinzo Abe on Monday extended a state of emergency over the coronavirus until the end of May,…
It’s Okay To Laugh Again: Advertisers Prepare For Post-Coronavirus Economy
Sad piano chords, somber shots of empty streets and close-ups of people staring out their windows. So prevalent were coronavirus-themed…
Wharton: Reopening Will Cause More Deaths
New data from the University of Pennsylvania suggests that relaxing lockdowns across U.S. cities and states could have serious consequences…
Berkshire Sells Entire Stakes In U.S. Airlines
Berkshire Hathaway Inc (BRKa.N) sold its entire stakes in the four largest U.S. airlines in April, Chairman Warren Buffett said…
Warren Buffett Says The Coronavirus Cannot Stop America, Or Berkshire Hathaway
Billionaire investor Warren Buffett on Saturday said the United States’ capacity to withstand crises provides a silver lining as it…
Closure Of New York Subways Overnight Service May Bring About Bigger Changes
New York City’s subway, the ear-splitting, nerve-jangling system that New Yorkers and tourists alike love to hate, is taking the…
The ‘Tsunami’ Of Airline Job Losses Has Begun In Europe. US Carriers Could Be Next
International airlines are starting the painful process of scaling back their businesses as the prospect of a quick recovery from the coronavirus pandemic fades…