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Ford, GM, FCA to partially shutdown plants to protect employees

The agreement reached after talks late Tuesday allows the automakers to keep building profitable models such as Ford's F-150 pickup, Fiat Chrysler's Jeep...

Chancellor Rishi Sunak announces £330bn fund for business loans during coronavirus outbreak

Britain's Indian-origin finance minister Rishi Sunak on Tuesday unveiled a "bold" rescue package to help United Kingdom businesses and the economy survive the...

S'pore arranging for Malaysians working there to stay during partial lockdown

On Malaysians living in Malaysia but working in Singapore , he noted that they "will have to comply with the Malaysian lockdown". On Monday, Prime Minister T...

Oil Falls Amid Fears of Looming Global Recession Crushing Demand

Saudi Arabia has reiterated its plans to boost production in response to a developing price war with its rival Russian Federation after efforts to restrict sup...

United Bracing For Zero Demand For Flights

On Saturday, American Airlines had also announced additional cuts to service following the temporary travel ban on flights entering the United States from...

EU To Shut Borders As France, Germany Tighten Restrictions To Control Coronavirus

Germany, which reported 1,000 new infections in a 24-hour period, bringing the total to more than 7,000, with 17 deaths, announced Monday the closure of its ...

Stocks jump after Trump promises to 'go big' on virus aid

It surpassed Thursday's loss of 10% for the Dow. Share prices are volatile after a brutal sell-off that gave the USA stock market its worst loss in more than th...

Fed launches emergency short-term lending facility amid coronavirus crisis

Treasury Secretary Steven Mnuchin said that a Trump-backed measure would let the Federal Reserve use a crisis-era liquidity tool to provide help more directl...

Qantas to slash 90 per cent of all global flights

In addition, all of Virgin Australia's global flights to and from New Zealand - which has long stood as the most popular worldwide destination for Australians...

Saudis to boost oil exports to 10 mn barrels per day

Brent crude for May settlement dropped $3.80, or 11%, to $30.05. At 2:30pm on Monday, Brent crude, which is the global benchmark of crude oil, was trading at ...

Single GOP Congressman Stops Coronavirus Relief Bill From Moving to Senate

Even before Congress passed its second measure in days, President Donald Trump's administration wants massive additional spending to help blunt the impact of th...

Dow slides 3,000 points in grisly day on Wall Street

Monday closing was the worst day for the Dow Jones since early 2017 and the S&P 500 since December 2018, respectively. The S&P 500 posted seven new 52-week ...

Chancellor announces additional support to protect businesses

At the moment there has been no clarification on how mortgage holiday eligibility will be decided. Jeremy Corbyn has called on the Government to suspend home ...

Oil hovers at $30 and Goldman warns of more losses to come

While the impact of the virus on global demand over the rest of 2020 and into 2021 is a huge factor for prices, overshadowing all that is the volume and price w...

Demand collapse pins oil below $30 amid deepening global rout

Saudi Arabia has reiterated its plans to boost production in response to a developing price war with its rival Russian Federation after efforts to restrict supp...

White House seeks $850 billion economic stimulus to address virus threat

Senator Dick Durbin, a member of Democratic leadership said the foot-dragging was delaying the impact the legislation could have and unnecessarily risking exp...

Coronavirus: TSX, Wall Street stage small rebound as markets open

Even traditional safe havens cratered as fearful investors decided cash is king. After the Fed unloaded its bazooka on markets late Sunday, investors are look...

Stocks plunge worldwide as central bank action fails to ease virus fears

The Federal Open Market Committee also directed the Open Market Trading Desk on Sunday to increase its holdings of Treasury securities by at least $500 billion ...

Another black Monday as coronavirus response upends Wall Street

With wide swaths of the economy shuddering to a halt, stocks nosedived more than 11% on Wall Street at one point in the morning, in a sell-off so fast that it t...

Amazon seeks to hire 100,000 to keep up with surge in orders

Amazon is out of stock on a number of household staples and popular items, according to the company's COVID-19 response page . They are now out of stock on...

NZ Dollar Tumbles After Emergency Interest Rate Cut from RBNZ

Governor Adrian Orr said the cut was necessary to support businesses and employment. "Since the outbreak of the virus, global trade, travel, and business and ...

Wall Street sinks as Feds shock cut increases worries over virus spread

The S&P 500 index was down 211.74 points at 2,459.28, while the Nasdaq composite was down 626.16 points at 7,248.07. Yahoo! Finance reporter Ines Ferre note...

Bank of Canada cuts interest rate - again

Canada's central bank cut its overnight rate by 50bps on March 4, but says conditions have since worsened. On Friday, Finance Minister Bill Morneau anno...

French antitrust body fines Apple 1.1 billion euros for anti-competitive behaviour

The first was that Apple and its wholesalers agreed not to compete against one another. An investigation was launched in 2012 following a complaint submitted ...

European Central Bank expands asset purchases, keeps rates unchanged

Market players had expected the ECB to reduce its key rates, following the example of the US Federal Reserve and the Bank of England . "The fact that the Eu...

Federal Reserve Cuts Rates to 0% as Bitcoin Follows Stocks

It's slashing its benchmark interest rate to near zero. The Fed chairman said Congress and the White House will ultimately have to address the health implicat...

Bill Gates steps down from Microsoft board

Bill Gates will still, however, advise Microsoft's CEO, Satya Nadella and other directors within the company in matters technology. The veteran IT mogul wi...

Key Economic Gages Plunge as Economy Feels Coronavirus Pain

Fixed-asset investment dropped 24.5%, versus a forecast 2% decline. Retail sales shrank 20.5 per cent on-year, compared with a rise of 0.8 per cent tipped ...

USA airlines ground more planes as travel crisis deepens

It will still operate two flights a day to London and just three flights to Asia per week - to Tokyo . American Airlines said it anticipates its domestic cap...

Nike closes stores amid virus outbreak

Under Armour said it would shutter all of its stores in North America from Monday for about two weeks, while Lululemon said its stores would be closed in North ...

Uber may suspend coronavirus-infected riders and drivers

According to Khosrowshahi, you can now add a note on your orders, telling the delivery person to simply leave your food at the door. It said it has already of...

Federal Reserve slashes rates to zero, restarts QE in emergency Sunday announcement

According to the United States central bank, the imposed emergency rate cuts would expand its balance sheet by at least $700 billion in the coming weeks. Donald...

Google To Partner With The US Government In Developing Nationwide Website

We have many, many locations behind us, by the way. Google is helping to develop a website . Instead, another Alphabet company " Verily " is working on it....

Brazil's Bolsonaro tested for coronavirus, says son

The move comes following reports of Bolsonaro's testing. Don't go. He's not going to answer your question, anyway. "This is because one of the officials in th...

Carnival Cruise Line Announces Pause In Service

Delta, United and American Airlines reportedly are in talks with the USA government for possible financial assistance to help with the dramatic falloff of fligh...