Democrats urge U.S. to provide at least $5 billion in loans to bus industry
Two senior U.S. House Democrats on Friday asked the U.S. Treasury and Federal Reserve to direct at least $5 billion in loans to struggling intercity bus companies because of the coronavirus pandemic.
Polish airline PLL LOT cancels flights until May 15
Poland’s state-owned airline PLL LOT has cancelled all passenger flights until May 15 citing the government’s and European Union’s air traffic and border restrictions, it said on Friday.
Trump signs fourth coronavirus relief bill into law, pushes back against USPS aid
U.S. President Donald Trump on Friday signed a nearly $500 billon coronavirus relief bill into law to expand loans for small businesses reeling from the outbreak, as his Treasury secretary promised surveillance to stop bigger companies from accessing t…
U.S. core capital goods orders eke out surprise gain
New orders for key U.S.-made capital goods unexpectedly rose in March, but the gains are unlikely to be sustainable amid the novel coronavirus outbreak, which has virtually shut down the country and contributed to a collapse in crude oil prices.
Mnuchin says U.S. may take stakes in U.S. energy companies
The Trump administration is considering taking stakes in U.S. energy companies as one possible option as it seeks to help the nation’s oil and gas sector amid the coronavirus outbreak, U.S. Treasury Secretary Steven Mnuchin said on Friday.
Dyson says UK government does not need its COVID-19 ventilator
Vacuum cleaner company Dyson said the British government no longer needed the ventilator it had developed from scratch to help plug a shortfall of the devices needed to treat patients with severe COVID-19 symptoms.
GM’s mask operation: a glimpse into the factory of the coronavirus era
Before the coronavirus outbreak shut them down, U.S. auto factories were hectic workplaces where men and women worked side by side along fast-moving assembly lines, ate in crowded break areas, and jostled in and out of gates as they changed shifts.
Wall Street curtails corporate lending in Europe to put America first: sources
U.S. investment banks are shrinking lending activity in Europe as the coronavirus crisis forces them to retreat home, allowing BNP Paribas and other European lenders to fill the funding gaps and grab market share, seven sources told Reuters.
AT&T names new CEO as Trump gloats over changes at CNN owner
Veteran John Stankey will take over as AT&T chief executive officer, the company said on Friday, as the U.S. telecommunications and media giant grapples with the impact of the coronavirus outbreak and its late entrance into the global streaming wars.
House Speaker Pelosi says next coronavirus aid bill will be ready soon
A fifth coronavirus-response bill will soon be readied, U.S. House of Representatives Speaker Nancy Pelosi said on Friday, as she warned Republicans that it must include new aid to state and local governments.
