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Spain Has Imposed A Nationwide Lockdown As Coronavirus Cases Surge In Europe

This is only the second time such a situation has been decreed in Spain , with the first ordered during a wildcat strike by Spanish air-traffic controllers in ...

Fed updates current monthly schedule of Treasury purchase operations

The New York Fed has been buying Treasury bills and offering temporary cash loans through so-called repurchase agreements, or repos, since September in a bid to...

Yes Bank Announces Record Rs 18,564 Crore Loss for Q3

The FM said that the moratorium - the withdrawal limit on Yes Bank depositors - will be lifted on the third working day (at 6 pm) after the reconstruction schem...

Petrol, diesel prices to be hiked; as government increases excise duty

The special excise duty on petrol was hiked by Rs 2 per litre to Rs 8 per litre and to Rs 4 in case of diesel . Further, road cess on petrol has been incre...

Twitter Makes Work from Home Mandatory for All Employees Worldwide

To this decision, Amazon has also joined, asking Seattle workers to stay at home until the end of March and that implies, approximately, 2,000 employees. Prev...

Jack Ma Foundation at Forefront of Global Battle Against COVID-19

Chinese billionaire along with Alibaba co-founder Jack Ma has vowed to contribute 2 million protective masks for supply across Europe, using a very first co...

Coronavirus fears lead to worst day on Wall Street since 1987

The Dow Jones Industrial Average sank by 10 percent for its worst day since the almost 23 percent drop on October 19, 1987, known as 'Black Monday'. USA stock...

Coronavirus: Insurers limiting travel protection

LV= stressed that the suspension was a temporary move, adding there would be no change for existing customers. A report by The Independent cited a company s...

Twitter moves to mandatory home-working in response to coronavirus outbreak

Although some people may not be able to fulfill all their duties while working from home, Twitter said that it will continue to pay them while these travel re...

List of All Cruise Lines Which Have Suspended Operations

Cruises will resume on April 10, 2020 . Cruise companies have offered travellers who were scheduled for trips within this time frame an up to 125 percent cred...

Stock Market Recovers as Trump Press Conference Soothes Nerves after Volatile Week

Shares in cruise line operators, airlines and hotels - among the hardest-hit stocks as people canceled vacations and companies shut down business trips - headed...

Broadway to go dark and suspend all performances due to coronavirus

Additionally, Cuomo announced new rules that will force facilities that house less than 500 people at a time to halve the number of their listed capacity. You...

Facebook contractor tests positive for coronavirus, Seattle office shut

On Wednesday, Facebook said a contractor who works at one of its offices in Seattle had tested positive. Other technology companies have been urging their em...

New York Fed pumps liquidity into markets

An initial rally in Treasury prices on the announcement faded as traders realized the Fed was not rolling out new bond purchases, Ian Lyngen, head of USA rat...

Amazon offers unlimited sick days to prevent coronavirus spread

This includes recommending that employees who are able to work from home in Seattle/Bellevue, the Bay Area, New York, New Jersey and the Lombardy region/Ast...

Australia unveils $11.4 billion stimulus to curb coronavirus impact

Aged care coronavirus-related services will be boosted with training of staff in infection control, extra staff in cases where an urgent health response is need...

Delta slashes flights by 40% as virus cripples global travel

Few, however, are as immediately affected as airlines (and all third-party companies that serve them), which have seen an immediate and drastic reduction in dem...

Crown Prince's oil war looms over first Aramco results since IPO

American investors "have been falling out of love with crude production for a while", and they'll be reluctant to put in the capital necessary to withstand "tre...

Berkshire Hathaway makes annual meeting purely virtual

The weekend, which Buffett calls Woodstock for Capitalists and includes the May 2 annual meeting, is corporate America's largest gathering and is held at CHI He...

Ryanair and BA cancel all flights to and from Italy over coronavirus

University College London biology professor, Dr Francis Balloux said, "The trajectory of the epidemic in the United Kingdom is so far roughly comparable to the ...

Wild stock market swings continue as Dow falls 1,467 points

Since then, it's lost 19%, bringing it close to halting the bull market that began in 2009, its longest on record. Markets bounced back on Tuesday with the the ...

Iran Applies for $5 Billion Loan from IMF to Battle Coronavirus

Iran's Health Ministry on Thursday said the new coronavirus has killed 75 more people, raising the death toll to 429 amid over 10,000 cases as the Islamic Re...

Stocks cut losses after Fed steps in to support bond trading

Markets worldwide have been on the retreat as worries over the economic fallout from the coronavirus crisis deepen and the meltdown in the USA, the world's bi...

On travel restrictions, Trump didn't consult with European allies

The countries in the Schengen Area include Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latv...

Australian privacy watchdog sues Facebook over Cambridge Analytica scandal

The now British defunct firm, Cambridge Analytica was previously accused of conducting surveys for collecting personal information and misusing them for polit...

Princess Cruises Suspending Global Operations for 60 Days

With dozens of sailings scheduled for Florida and the Caribbean, the line is offering various compensation schemes for passengers booked onto cruises on Scarle...

Google asks North American employees to work from home

Google had given the choice of working at home to workers in its California and NY offices. The company's move was announced firstly via an internal memo t...

School closures backlash: Boris Johnson under fire as he IGNORES parents' pleas

The PM said school trips overseas should be stopped, while people aged over 70 with serious medical conditions should not go on cruises. The number of confirm...

New York Fed boosts daily cash injections US$175b daily

Deep concern about the rapid spread of the sometimes deadly virus prompted the World Health Organization on Wednesday to describe the coronavirus outbreak for t...

Britain fires with both barrels: emergency rate cut and budget boost

A combination of the reduction in Bank Rate to 0.25% from 0.75%, central bank measures to support bank lending and an expansionary Budget all created to cushion...

Dow Drops Into Bear Market After 11-Year Bull Run

On the fiscal side, measures have lagged, but U.S. lawmakers are set to announce a fiscal stimulus package Wednesday afternoon to combat economic fallout from t...

Stocks Plunge in Worst Day Since Financial Crisis

Canadian and US stocks fell deeper in the red throughout Wednesday afternoon following the World Health Organization's official declaration that COVID-19 is...

Trump to address nation from Oval Office amid coronavirus spread

As part of that, Treasury Secretary Steve Mnuchin said the administration is considering delaying the annual April 15 tax day. New York Governor Andrew Cuomo ...

Coronavirus outbreak: Google setting up fund to give workforce paid sick leaves

Google relies on roughly 120,000 such workers, who outnumber its 100,000 full-time employees, according to the New York Times . The search engine giant last ...

Payroll Tax Cuts And Hourly Worker Relief Possible In Coronavirus Response

Trump did not take any questions, including one about whether he had been tested for the Wuhan coronavirus . USA stock markets, which have sold off in the pa...