Coronavirus: American Airlines to seek $12bn in government aid
American Airlines has confirmed it will seek $12bn (£9.7bn) of financial support from the US government because of the impact…
Category: World
US begin Evacuation Of Citizens From Nigeria
The United States Mission in Nigeria has announced the commencement of evacuation of its citizens from Nigeria. This is happening…
J&J, Moderna sign deals with U.S. to produce huge quantity of possible coronavirus vaccines
There are currently no approved treatments or vaccines specifically for COVID-19, the respiratory disease that has killed more than 35,000…
Ford, GE to produce 50,000 ventilators in 100 days
Ford said the simplified ventilator design, which is licensed by GE Healthcare from Florida-based Airon Corp and has been cleared…
Hundreds Of Thousands Flee Indian Capital In Mass Exodus
Streets around the Indian capital Delhi have been filled with people walking to reach their villages in neighbouring states. This…
Vincent van Gogh painting stolen from museum in overnight raid
A Dutch museum that is currently closed to prevent the spread of the coronavirus said Monday a painting by Vincent…
Coronavirus: EasyJet grounds entire fleet of planes due to virus
EasyJet has grounded its entire fleet of planes and said it cannot give a date for when they will restart.…
Amazon workers to stage a walkout Monday, demanding closure of Staten Island facility
Amazon employees at the company’s Staten Island, New York, facility plan to walk off the job Monday amid allegations the…
Abbott Launches 5-Minute Coronavirus Test for Use Almost Anywhere
Abbott is unveiling a coronavirus test that can tell if someone is infected in as little as five minutes, and…
As Coronavirus Spreads Globally, Countries Begin To Hoard Food
It’s not just grocery shoppers who are hoarding pantry staples. Some governments are moving to secure domestic food supplies during…
How Coronavirus And Oil Price Collapse Destroyed Global Financial Markets
How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply,…
Spain is battling the black marketeers and price-gougers of the coronavirus crisis
Ernesto Ruiz Lopez, a pharmacist in Madrid, says he’s never seen anything like this. He can’t get protective masks, gloves or hand sanitizer…
Virgin Atlantic To Seek For Bailout
Virgin Atlantic is applying for hundreds of millions of pounds in state aid to keep afloat during the coronavirus crisis,…
Breaking: Plane Explosion in Philippines Kills 8
A medical evacuation plane exploded during take-off in the Philippine capital on Sunday, killing all eight passengers and crew, including…
Unknowns Await Emerging Markets After Wildest Moves Since 2008
As most nations brace themselves for a likely surge in coronavirus cases through April, the signals from the developing world…
Qatar Airways To Need Bailout As Cash Runs Out
Qatar Airways will have to seek government support eventually, Chief Executive Akbar al-Baker told Reuters on Sunday, warning that the…
Cristiano Ronaldo And Juventus Squad Gives Up 4 Months Salary In Fight Against Coronavirus
With football on hold across the world, Juventus’ first-team squad and coach Maurizio Sarri have agreed to give up four…
S&P Sees Dubai Property Prices Dropping To Levels Seen In 2010
The widening coronavirus pandemic could see Dubai property prices falling to levels last seen 10 years ago, according to S&P Global Ratings.…
Frozen U.K. Home Market Leaves Buyers Wondering Where To Go
With about a quarter of the world in lockdown, the order to stay at home has taken on a new dimension for one of Britain’s favorite pastimes: property. The government effectively froze the housing market last week because of coronavirus, urging transactions and mortgage offers be put on hold.
The Global Oil Market Is Broken, Drowning In Crude Nobody Needs
The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies
This Weeks Take On Events In The World Economy And Their Fallout
The scale of global job losses caused by the coronavirus pandemic will become more apparent this week, as some of the world’s biggest economies release labor market data.
UK Housing Market Grinds To A Halt As Coronavirus Bites
Coronavirus has disrupted most areas of life — and home buying and selling are no exception. In the United Kingdom, mortgage…
Lyft Advices Drivers To Work For Amazon
Amazon is teaming up with Lyft Inc. on recruiting the ride-hailing company’s drivers to deliver packages and groceries as the…
WeWork Cuts Another 250 Jobs in Further Attempt to Trim Costs
continued to cut more staff as part of a months-long effort to lower expenses after its failed initial public offering…
Dow Records Best Week since 1938 Despite Closing Lower
US stocks finished the session in the red on Friday, but that still managed to post on if it’s best…
Google is donating $800 million to help with the coronavirus crisis
Google is committing to donate more than $800 million to support businesses, organizations and healthcare workers as part of its…
Global oil refiners shut down as coronavirus destroys demand
The first oil refinery shutdowns in India and Europe were announced on Friday while global refinery runs drop like a…
Fitch cuts UK credit rating to AA-
Agency says government borrowing levels are set to rise and outlook remains negative for Britain’s sovereign debt score The ratings…
Wall Street tumbles as U.S. virus cases pass 100,000
Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy…
The Fed Brings The Global Financial System Back From The Abyss
Sitting calmly in front of a bookshelf filled with thick volumes of the “Federal Reserve Bulletin,” Jerome Powell this week…