Factbox: Europeans ask what has EU done for us? Answer: 2.5 trillion stimulus
The European Union has responded to the coronavirus, seen by German Chancellor Angela Merkel as the biggest challenge since World War Two, with a wide range of measures to limit the spread of the disease and the resulting economic damage.
Dollar marches on as central banks stimulus boosts bonds
The dollar surged on Thursday as extraordinary steps by central banks across the world to stem a coronavirus-induced financial rout saw mixed success, boosting bonds but failing to halt losses in stocks from Asia to Wall Street.
Hedge fund billionaire Dalio says corporate losses in U.S. from coronavirus to top $4 trillion: CNBC
Ray Dalio, founder of hedge fund Bridgewater Associates LP, said on Thursday corporations in the United States will lose as much as $4 trillion due to the economic damage from coronavirus outbreak.
ASEAN summit in Vietnam postponed until end-June over coronavirus
A summit of Southeast Asian and other international leaders scheduled in Vietnam early next month has been postponed until end-June due to worries about coronavirus, Vietnam’s Ministry of Foreign Affairs said on Thursday.
Rich world pumps aid to fight virus, Britain latest to face lockdown
The world’s wealthiest nations poured unprecedented aid into the reeling global economy on Thursday as coronavirus cases ballooned in the current epicentre Europe and London became the latest major center bracing for lockdown.
Oil up after three-day plunge but coronavirus curbs gains
U.S. oil prices rose 10% on Thursday after a three-day sell-off as the spread of the coronavirus and a battle for market share between Saudi Arabia and Russia drove prices to their lowest in almost 20 years.
Dutch PM tells citizens to relax, saying there’s enough toilet paper for 10 years
The prime minister in the Netherlands has offered reassurances amid the global coronavirus outbreak: telling citizens on Thursday there is no shortage of toilet paper.
U.S. jobless claims jump to two-and-a-half-year high; coronavirus blamed
The number of Americans filing for unemployment benefits surged to a 2-1/2-year high last week, suggesting a pickup in layoffs as the coronavirus pandemic fractures economic activity.
Swiss cases of coronavirus rise to 3,880, with 33 deaths: government
The number of coronavirus cases in Switzerland and Liechtenstein has risen to 3,888, Swiss health authorities said on Thursday, with 33 people reported to have died from the disease.
Dollar rules; ECB stimulus boosts bonds but not stocks
The dollar surged on Thursday as extraordinary steps by central banks across the world to stem a coronavirus-induced financial rout saw mixed success, boosting bonds but failing to halt losses in stocks.
