EU lawmakers back aid for virus-hit economy in remote vote
European Union lawmakers approved on Thursday emergency funds to cushion the bloc’s economic slump triggered by the coronavirus pandemic and shore up battered airlines by preserving their landing slots.
Factbox: What’s in the $2.2 trillion Senate coronavirus rescue package
The U.S. Senate on Thursday unanimously approved an unprecedented stimulus package to alleviate the devastating economic impact of the coronavirus pandemic.
U.S. House leaders plan to pass $2.2 trillion coronavirus bill Friday
U.S. House Speaker Nancy Pelosi said she expected the chamber to pass an estimated $2.2 trillion coronavirus relief bill when it meets on Friday, after the Senate overwhelmingly approved the unprecedented economic rescue legislation on Wednesday evenin…
Gap pulls forecast, suspends dividend, taps $500 million credit as coronavirus bites
Gap Inc on Thursday withdrew its full-year forecast issued just two weeks ago, suspended its dividend and said it will draw down on its entire $500 million credit facility as the apparel retailer looks to weather the coronavirus crisis.
EU lawmakers back suspension of airline slots rule until October
European lawmakers overwhelmingly agreed on Thursday to suspend until Oct. 24 a rule requiring airlines to use at least 80% of their flight slots to keep them the following year so as to ease an industry crisis unleashed by the coronavirus pandemic.
Exclusive: Ross Stores, other retailers cancel vendor orders following coronavirus hit
After closing stores around the world to curb the spread of the coronavirus, retailers are now telling some vendors to immediately cancel orders.
GM extends North American shutdown, does not set restart date
General Motors Co said Thursday it will extend a shutdown of its North American plants beyond March 30, but added it does not know when it will restart operations.
World’s ailing airlines appeal for aid as U.S. offers $58 billion
Global airlines urged the world’s major economies to act quickly to prevent irreversible damage to an industry that has seen demand decimated almost overnight by the coronavirus crisis.
To avoid a repeat of 2008, Main Street America says help needs to be fast
Small businesses in the United States say promised help from the federal government and the Federal Reserve is welcome news in the battle to stay afloat through the coronavirus crisis, but needs to hit their bank accounts fast if it’s to make a differe…
Ford to restart U.S. truck plants in April to beat pandemic-linked cash squeeze
Ford Motor Co announced plans on Thursday to shore up its finances amid the coronavirus pandemic, aiming to generate more cash by resuming production next month of its most profitable vehicles while saving money through further cost cuts.
