Spain Extends State Of Emergency As Death Toll Rises
Spanish Prime Minister Pedro Sanchez has been in meetings with health and security officials on Sunday morning, as Spaniards prepare…
Category: World
Goldman Injects $1 Billion Into Own Money-Market Funds After Heavy Withdrawals
Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to…
U.S. FDA Approves First Rapid Coronavirus Test With 45 Minutes Detection Time
The U.S. Food and Drug Administration has approved the first rapid coronavirus diagnostic test, with a detection time of about…
Flights Resume In New York After Brief Halt In Arrivals
The Federal Aviation Administration (FAA) temporarily halted flights arriving at New York City airports and Philadelphia on Saturday after a…
World Leaders Set Aside $1.7trillion To Help Failing Economies
Governments around the world have announced massive amounts of fiscal stimulusthis week, aiming to limit the severity of a sharp…
U.S Senators Explain Why They Sold Shares Before Coronavirus Crash
Two Republican U.S. senators defended themselves on Friday against heavy criticism, including calls that they resign, for selling large amounts…
Amazon To Stop Shipping Non-Essentials To Consumers In France And Italy
An Amazon spokesman said the company made the decision due to a spike in orders and the need to respect…
Google Launches Coronavirus Website In The U.S,
Alphabet Inc’, Google’s parent company said on Saturday it launched a new United States-focused website with information about coronavirus…
2.25m Americans Filed For Unemployment Claims This Year, The Highest In History
Americans are starting to lose their jobs in response to the coronavirus pandemic, and economists expect it’s only going…
UK Governments To Pay 80% Of Wages After Closing All Pubs To Curb Spread Of Coronavirus
The UK government said Friday that it will subsidize the wages of any worker facing unemployment because of the coronavirus…
U.S. To Send Envoy To Saudi Arabia; Texas Suggests Oil Output Cuts
The Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilizing…
Italy Calls In Military To Enforce Coronavirus Lockdown As 627 People Die In 24 Hours
Soldiers were being drafted in to help enforce the lockdown in Italy on Friday as officials announced 627 new deaths,…
Germany Prepares 150 Billion Euro Emergency Budget In Coronavirus Package
Germany is readying an emergency budget worth more than 150 billion euros ($160 billion) to shore up jobs and businesses…
U.S. Coronavirus Stimulus To Be Worth ‘North Of $2 Trillion’ -White House Aide
The White House expects the impact of economic stimulus to counter the effects of coronavirus to be more than $2…
How Sham Trades Tricked Germany Out Of Billions
Two British bankers were handed suspended jail sentences on Wednesday and one told to pay a 14 million euro penalty…
British Banker Hit With 14 Million Euro Penalty In German Fraud Trial
Two British bankers were handed suspended jail terms on Wednesday and one a 14 million euro penalty in Germany’s biggest…
Wall Street Weekahead: Coronavirus Uncertainty Muddies Views On Buying Opportunities For Plunging Stocks
U.S. stock valuations are tumbling in the wake of the coronavirus-fueled market rout, but determining when equities are cheap enough…
Coronavirus Stay-At-Home Directives Multiply In Major U.S. States
New Jersey’s governor was expected on Saturday to follow four other states – California, New York, Illinois and Connecticut –…
Exclusive: Amazon Raises Overtime Pay For Warehouse Workers
Amazon.com Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses, as the world’s…
LVMH Orders 40 Million Masks From China For France
LVMH (LVMH.PA), the world’s biggest luxury goods group, is ordering 40 million health masks from a Chinese supplier to help…
Boeing Suspends Dividend Payment
Boeing Co (BA.N) will cancel CEO pay, suspend its dividend and extend a pause on share buybacks, the U.S. planemaker…
Coronavirus Deaths In Italy Overtake China As Economic Damage Mounts
The world’s richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new…
Emirates Airline Suspends Flights To Nigeria, New York, France, Germany
Emirates, one of the world’s biggest international airlines, is suspending all flights to Nigeria, France, Germany, New York and New…
Saudi Arabia just won control of the oil market
When Saudi Arabia, OPEC’s de facto leader and most influential member, decided at its latest meeting in Vienna to break…
Fashion Labels Turn to Making Face Masks to Fill Health Care Shortages
New York fashion designers are offering to produce masks and gowns to help fill the shortage of protective equipment needed…
New York City Has One-Third of U.S. Virus Cases, Mayor Says
New York City now has roughly a third of all confirmed cases of Covid-19 in the U.S. and half of…
Yes, Young People Are Falling Seriously Ill from Covid-19
In the U.S., 705 of first 2,500 cases range in age from 20 to 44. We’re tracking the latest on the coronavirus…
Bank of England cancels stress tests for UK’s biggest lenders
The Bank of England will postpone all non-critical supervisory work in the City and review plans to run the banking…
Why the U.K. and U.S. Have Been Slow to Lock Down the Coronavirus Threat
On Friday evening, hours after a London hospitaldeclared they had run out of intensive care beds, Boris Johnson tightened the restrictions…
Uganda Cuts Growth Outlook as Coronavirus Outbreak Hurts Tourism
Uganda sees economic growth slowing to 5.2% to 5.7% in 2019-20 from an earlier forecast of 6% depending on the…