Coronavirus: Government to pay up to 80% of workers’ wages
The UK government will pay the wages of employees unable to work due to the coronavirus pandemic, in a…
Category: World
Oil rises to $28, halting losing streak
The international oil benchmark, Brent crude, halted its losing streak on Thursday, trading around $28 per barrel as the United…
Two generic drugs being tested in U.S. in race to find coronavirus treatments
U.S. researchers, following the lead of scientists in other countries, have launched studies to see whether widely-available, low-cost generic drugs…
Amazon halts grocery orders to restock amid increasing demand
Amazon.com Inc (AMZN.O) has said it is halting its Prime Pantry delivery service in the United States to restock groceries,…
U.S. jobless claims could top record 1.5 million next week: economists
A wave of layoffs at restaurants, bars and hotels, as efforts to contain the coronavirus pandemic bring much of everyday…
BREAKING: US Approves Chloroquine to treat CoronaVirus
President Trump said in a Thursday press briefing that chloroquine, a drug used to treat malaria and severe arthritis, was…
NY Fed to pump in another $10 billion today
The New York Federal Reserve continues to point a firehose of liquidity at clogged-up financial markets. The NY Fed just…
Coronavirus could leave 25 million jobless – UN
The COVID-19 pandemic will significantly increase global unemployment, leaving up to 25 million more people out of work, and will dramatically slash workers’ incomes, the United Nations said Wednesday.
Oil price sinks to $24, lowest in 17 years
The price of Brent crude, the international benchmark, tumbled on Wednesday to the lowest level in 17 years as global…
America Looking To Send Cheques To Citizens In Aid Package Worth $250bn
US Treasury Secretary Steven Mnuchin says he supports sending money directly to Americans as part of a $1tn (£830bn) stimulus…
Coronavirus: Pound plunges to its lowest level in over 30 years
The pound has fallen to its lowest level against the dollar since 1985, as the spread of the coronavirus pandemic spooks investors.
Europe sets up emergency lifeline worth billions
The European Central Bank (ECB) has launched an emergency €750bn ($820bn; £700bn) package to ease the impact of the coronavirus pandemic.
America could lose 1 million jobs in March, former Trump adviser warns
The United States could lose up to 1 million jobs in March because of the severe disruptions caused by the coronavirus…
Wall Street’s New Virtual Workplace May Outlast the Virus
‘The outbreak has created the urgency to try out new ideas’ In Hong Kong, bankers have learned to win stock…
How the Oil Crash Is Hitting Emerging-Market Currencies
Oil’s plunge has stung currencies across emerging markets, and there’s probably worse to come. For oil and gas exporters, the…
Adidas joins Nike in announcing store closures over coronavirus
German sportswear maker Adidas (ADSGn.DE) on Tuesday joined rivals in announcing store closures in response to the coronavirus pandemic.
Oil drops to $28, as dollar exchanges for N369
The price of Brent crude oil, the international benchmark, further declined on Tuesday, trading around $28 per barrel, it’s lowest…
China to expel New York Times, Wall Street Journal and Washington Post reporters
China has announced it will expel journalists from three US media outlets, in a major escalation of tensions with Washington. The…
Spain unveils ‘unprecedented’ 200 billion euros coronavirus package
Spain announced a 200 billion euros ($220 billion) package on Tuesday to help companies and protect workers and other vulnerable…
BREAKING: UEFA Postpones Euro 2020
UEFA has postponed the European Championship, due to take place across the continent in June and July this year, until…
Slow global Internet connection imminent over work-from-home policies, streaming demand
With many companies implementing a mandatory work-from-home policy as a precaution against coronavirus, widespread adoption could lead to global Internet…
India closes Taj Mahal, Pakistan cases spike after quarantine errors
India closed the Taj Mahal, its principal tourist site, and the financial hub of Mumbai ordered offices providing non-essential services to keep half their staff at home in ramped up measures to curb the coronavirus in South Asia.
The global coronavirus recession is beginning
As restaurants, shops, airlines and factories shut down around the world, from New York to Paris and Madrid, economists are warning that a global recession is no…
The End of OPEC Is Here
OPEC may not survive to celebrate its own 60th birthday later this year. Saudi Arabia’s decision to abandon output restraint and flood…
Why oil prices are crashing and what it means
Oil prices have suffered their biggest fall since the day in 1991 when American forces launched air strikes on Iraqi troops following their invasion of Kuwait.
Global airlines slash flights as US carriers seek $50 bn bailout
Major world airlines on Monday announced further deep cuts to service as the worsening coronavirus crisis ravages demand
Amazon on hiring spree as coronavirus spurs demand
Amazon has said it will hire 100,000 warehouse and delivery workers in the US to deal with a surge in sales during the coronavirus pandemic.
Coronavirus Could End China’s Decades-Long Economic Growth Streak
China’s growth streak has lasted for decades, surviving the crackdown at Tiananmen Square, the global financial crisis and the trade…
France Fines Apple $1.2 Billion for Antitrust Issues
France’s antitrust regulator on Monday fined Apple 1.1 billion euros, or $1.2 billion, putting more pressure on the company as…
Coronavirus: Stocks plunge despite global central bank action
Global stock markets have sunk again despite central banks around the world announcing a co-ordinated effort to ease the effects…