Senator sees U.S. sticking to trade deal with China despite pandemic concerns
U.S. Senate Finance Committee Chairman Chuck Grassley on Thursday said he did not expect President Donald Trump to walk away from a Phase 1 trade deal with China despite concerns over Beijing’s handling of the coronavirus pandemic.
Talks on support for German car industry delayed: Bild
Closely-watched talks between top German politicians and car industry representatives to discuss support for a sector hit hard by the coronavirus crisis will no longer take place on Tuesday, the head of the VDA car association told Bild.
Trump set to order review of law that protects social media companies
U.S. President Donald Trump is expected to order a review of a law that has long protected internet companies, including Twitter and Facebook, an extraordinary attempt to intervene in the media that experts said was unlikely to survive legal scrutiny.
Coronavirus infects more than 3,000 U.S. meatpacking workers: union
More than 3,000 U.S. meatpacking workers have tested positive for COVID-19 and at least 44 workers have died, the country’s largest meatpacking union said on Thursday, reflecting an increasing toll on plant employees.
Exclusive: U.S. taxpayers’ virus relief went to firms that avoided U.S. taxes
Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus.
Volkswagen board formally okays Ford alliance projects
Volkswagen said on Thursday its supervisory board had approved several projects in a multibillion-dollar alliance with Ford Motor that was first announced last July.
U.S. House approves bill lengthening coronavirus small-business loan terms
The U.S. House of Representatives on Thursday overwhelmingly approved legislation increasing the amount of time, to 24 weeks from the current eight-week deadline, for small businesses to use Paycheck Protection Program loans spurred by the coronavirus …
Dollar chains expect robust demand as shoppers brace for recession
America’s top dollar store chains beat profit estimates on Thursday and said they would benefit from demand for affordable groceries and household essentials in coming months as rising unemployment threatens to spur a deep recession.
Wall Street climbs on healthcare, tech push
Wall Street’s major indexes rose on Thursday, boosted by gains in healthcare and technology stocks, as investors bet on a swift recovery from a coronavirus-driven economic slump.
German union accuses Volkswagen of ‘management errors’ that put jobs at risks
Germany’s biggest labor union criticized Volkswagen on Thursday for a recent advert deemed racist and other “errors”, saying management had damaged the carmaker’s reputation and put jobs at risk.
