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Trump Threaten New Tariffs On China In Retaliation For Coronavirus
U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance…
Oil Price Rises To $25 As US Inventories Drop
Crude oil price is set to end the nightmare of producers as it rose for the second day thursday by 13.8 per cent to…
Fauci Says Coronavirus Drug, Remdesivir Is Good ‘First Step’ In…
The nation's top infectious disease expert said the modest results for an experimental drug for the coronavirus is…
Coronavirus: US Unemployment Tops 30m
Roughly 30.3 million people have now filed for jobless aid in the six weeks since the coronavirus outbreak began…
Trump Says China Wants Him To Lose His Bid For Re-election
President Donald Trump said on Wednesday he believes China’s handling of the coronavirus is proof that Beijing…
Trump Asks Saudi Arabia To Cut Oil Or Lose Military Aid
As the United States pressed Saudi Arabia to end its oil price war with Russia, President Donald Trump gave Saudi…
US Fed Leaves Rates Near Zero, Sees Virus Risks Lingering
The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up…
Airlines May Not Recover From Covid-19 Crisis For Five Years, Says Airbus
The planemaker Airbus has warned that the aviation industry could take as long as five years to recover to the…
US Economy Shrinks 4.8% As Coronavirus Ends Longest Expansion In History
The longest economic expansion in US history officially came to an end on Wednesday when the commerce department…
U.S. GDP In The First Quarter Is Going To Be Bad — And The Damage Is Far From Done
The spring is shaping up to post the biggest contraction in U.S. economic growth since the Great Depression in the…
Much of U.S. Economy Still Plugging Along Despite Coronavirus Pain
Garbage haulers still collect trash. Cops are on the beat. Couriers deliver food and packages. Insurance agents…
Trump To Order Meat Processing Plants To Stay Open Amid Coronavirus Outbreaks In…
President Donald Trump plans to order U.S. meat processing plants facing concerns about coronavirus outbreaks to…
Greece Plans Gradual Relaxation Of Lockdown Measures
Greek Prime Minister Kyriakos Mitsotakis said on Tuesday restrictions on citizens’ movements would be lifted and…
France Plots Gradual Exit From Lockdown From May 11, But Cafes To Stay Closed
France will begin to ease its coronavirus lockdown from May 11 to avoid an economic meltdown, Prime Minister…
Harley-Davidson Cuts Dividend Payout, Suspends Share Buybacks
Harley-Davidson Inc (HOG.N) cut its quarterly dividend to just 2 cents and suspended share buybacks on Tuesday to…
US Oil Falls Below $11 Per Barrel
US oil nosedived below $11 a barrel on Tuesday after a major exchange-traded fund started selling its short-term…
Market Wrap
S&P 500 contracts turn higher alongside shares in Europe, Asia. Crude deepens losses after Monday plunge;…
COVID-19 Global Virus Update
Virus Tracker: Total cases 3 million; deaths pass 211,000. White House strategy envisions tests reaching 2% of…
U.S Oil Slips Below $15 Per Barrel
US oil prices fell heavily on Monday and slipped below $15 a barrel on renewed storage concerns as the coronavirus…
Healthy Again, British PM Says Too Risky To Relax Lockdown Yet
Prime Minister Boris Johnson returned to work on Monday after recovering from COVID-19 with a warning that it was…
Bank of Japan Expands Stimulus As Pandemic Pain Worsens
The Bank of Japan expanded monetary stimulus on Monday and pledged to buy an unlimited amount of bonds to keep…
U.S. Economy Faces Historic Shock With 16% Unemployment Possible
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that will…
New York City Needs $7.4 Billion In Federal Aid Amid Coronavirus: Mayor
New York City needs a $7.4 billion in federal aid to offset economic losses from the coronavirus, Mayor Bill de…
Saudi Arabia Cuts $265 Million Deal With China To Fight Virus
Saudi Arabia will pay China 995 million riyals ($264.6 million) to provide coronavirus tests and medical expertise,…
World’s Biggest Wheat Supply Dries Up When Some Want It Most
Russian exhausts grain-export quota two months ahead of plan. Russian ban could benefit rival suppliers like the EU…
World’s Biggest Central Banks Meet As Pressure Mounts To Do More
Global central banks remain under pressure to do more to support their economies through the coronavirus recession…
When Oil Became Waste: A Week Of Turmoil For Crude, And More Pain To Come
The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of…
Richard Branson Seeking Buyer For Virgin Atlantic
Richard Branson is seeking a buyer for Virgin Atlantic, according to The Telegraph.
This comes as Delta — which…
Coronavirus: Air France-KLM Secures Billions In Government Aid
Air France-KLM has secured at least €9bn (£7.9bn; $9.7bn) in government aid, as the Franco-Dutch airline group…
Recovery Expert: ‘Some Businesses Will Never Reopen
When economies eventually re-open, many businesses will stay shut as they struggle with the new environment.
That…