Deutsche Bank studies state aid for staff in coronavirus crisis
Deutsche Bank is for the first time considering asking its German staff to cut their hours and take government money instead as it tries to navigate the coronavirus crisis.
German airline Condor applies for 200 million euro in state aid: sources
The German airline Condor has applied for an additional 200 million euros in state aid in the wake of the coronavirus outbreak, two people with knowledge of the matter said on Thursday.
Oil prices sink as crippled demand outweighs stimulus hopes
Oil prices fell on Thursday after three sessions of gains as restrictions on travel worldwide crimped fuel demand, with U.S. crude futures plunging about 4% after the United States scrapped plans to buy domestic oil for its emergency reserve.
IMF asks G20 to back doubling of its emergency financing to fight coronavirus
The International Monetary Fund on Thursday asked G20 leaders to back a doubling of its emergency financing capacity to strengthen its response to the rapidly spreading coronavirus pandemic that is set to cause a global recession in 2020.
WeWork has enough cash to meet coronavirus challenges: letter
Shared-office operator WeWork told investors on Thursday the $4.4 billion in cash and cash commitments it had at year-end 2019 is enough to execute its five-year plan and manage the challenges posed by the coronavirus crisis.
Stocks up on $2 trillion stimulus Wall Street rally; dollar takes a hit
A Wall Street rally powered global gains in stocks on Thursday despite a record number of new unemployment filings in the United States, as traders focused on the unanimous passage of a $2 trillion coronavirus relief bill in the U.S. Senate and the pos…
Geely’s Volvo Cars warns virus outbreak to hit 2020 earnings
Sweden’s Volvo Car Group, owned by China’s Geely, scaled back its guidance for the full year, warning that sales, earnings and cash flow in the first half of 2020 would decline from a year ago as the coronavirus pandemic weighed on its business.
‘Most photographed’ NYSE trader contracts coronavirus
Peter Tuchman, dubbed the “most photographed trader on Wall Street”, took to Instagram on Thursday to tell his 10,000-odd followers that he had tested positive for coronavirus.
Exclusive: Coronavirus crisis could destroy far more than 25 million jobs – ILO official
The number of jobs lost around the world due to the coronavirus crisis could be “far higher” than the 25 million the International Labour Organization (ILO) estimated just a week ago, a senior ILO official said on Thursday.
Nestle staff to get full salary for three months where COVID-19 halts work
Nestle , the world’s biggest food company, said it would pay full salaries for at least three months to employees affected by work stoppages to prevent the spread of coronavirus.
