Markets rebound as policymakers further boost liquidity
European and American stocks rebounded on Thursday, halting further declines, in a sign further steps to boost liquidity by the U.S. Federal Reserve and other central banks has tentatively calmed markets that still fear a coronavirus-induced slowdown.
Dollar rampage spurs FX interventions, speculation of big G7 move
From Brazil to Norway, policymakers are leaping to defend currencies against the onslaught of the dollar which scaled three-year peaks on Thursday, raising speculation that a joint move by the world’s biggest central banks may be in the offing.
Latin America’s largest airline to halve pay for its 43,000 employees
LATAM Airlines Group , South America’s largest carrier, will cut pay to its 43,000-strong workforce by 50% for three months due to economic fallout from the coronavirus outbreak, a source close to the situation told Reuters on Thursday.
Siemens board member Sen leaves, Siemens Energy gets new CEO
Siemens managing board member Michael Sen will no longer take charge of the new energy business which the German engineering group wants to spin off later this year, it said on Thursday, after he agreed to leave the company.
Airline industry crisis deepens as coronavirus kills demand
The crisis for airlines deepened on Thursday as Lufthansa , which has grounded most of its fleet, warned the industry may not survive coronavirus pandemic without government aid to offset nosediving demand.
Wall Street ends higher to stem coronavirus selloff
U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage.
Amazon halts grocery orders to restock amid surging demand
Amazon.com Inc said on Thursday it has halted its Prime Pantry delivery service in the United States to restock groceries, following a surge in online orders by shoppers worried about the coronavirus pandemic.
U.S. jobless claims could top record 1.5 million next week: economists
A wave of layoffs at restaurants, bars and hotels, as efforts to contain the coronavirus pandemic bring much of everyday American life to a halt, could drive new applications for U.S. unemployment benefits to a record 1.5 million or more next week, eco…
Tesla cuts U.S. factory staff to curb virus, Musk offers to produce ventilators
Tesla Inc has told employees it reduced the number of workers at its California vehicle factory to curb the spread of coronavirus as Chief Executive Elon Musk said the company may start producing ventilators to ease a U.S. shortage.
Explainer: What is herd immunity and will it affect the pandemic?
The outbreak of disease caused by the new coronavirus has raised questions about a phenomenon known as “herd immunity” and whether it might play a role in how the pandemic progresses.
