Uber shares soar after CEO says has enough cash to ride out coronavirus crisis
Shares of Uber Technologies Inc surged as much as 44% on Thursday after Chief Executive Officer Dara Khosrowshahi said it had plenty of cash on hand to tide over the coronavirus crisis and signaled a recovery in some parts of its business.
WHO working to ensure supplies of diagnostics, protective gear – Tedros
The World Health Organization (WHO) is finalizing arrangements for Chinese suppliers to export protective gear for health workers and aims to build a “continuous pipeline”, WHO director-general Tedros Adhanom Ghebreyesus said on Thursday.
Coronavirus turmoil poses test as Canada’s Bombardier sheds assets
Canada’s Bombardier Inc could face its first test as a standalone business jet maker as economic uncertainty linked to the rapid spread of coronavirus crimps demand for new corporate aircraft and has sparked fears of a recession, industry executives a…
U.S. recession chances now at 80% despite Fed emergency moves: Reuters poll
The coronavirus crisis has almost certainly ended the longest U.S. expansion on record and pushed the economy into the start of a short slump, according to analysts polled by Reuters who gave a median 80% chance of recession this year.
Coronavirus to have short-lived drastic impact on Armenian economy: minister
The spread of the coronavirus will have a short-lived, drastic impact on Armenia’s economy, Economy Minister Tigran Khachatryan said on Thursday.
Amazon shuts New York delivery station after worker gets coronavirus
Amazon.com Inc on Thursday said it was closing a small New York warehouse temporarily after one of its associates tested positive for the coronavirus, a move that highlights the operational risk it faces as the disease spreads.
U.N. chief says global recession due to coronavirus ‘a near certainty’
United Nations Secretary-General Antonio Guterres warned on Thursday that a global recession “is a near certainty” and current national responses to the coronavirus pandemic “will not address the global scale and complexity of the crisis.”
Coronavirus layoffs push U.S. weekly jobless claims to two-and-a-half-year high
The number of Americans filing for unemployment benefits surged by the most since 2012 to a 2-1/2-year high last week, as companies in the services sectors laid off workers because of the coronavirus pandemic.
British banks grapple with business demands for coronavirus lifelines
Some banks in Britain are struggling to provide financial support to homeowners and businesses battered by the coronavirus pandemic, with demand surging after the government announced a series of aid measures including an emergency lending scheme.
Richmond Fed’s Barkin: Fed moving ‘aggressively’ to ensure market function
The Federal Reserve is “aggressively” tackling problems with market functioning and liquidity as it sees them arise, with programs like the Term Auction Facility for banks not deemed necessary yet but still “on the table,” Richmond Federal Reserve pres…
