Exclusive: ECB’s Lagarde overruled German and Dutch resistance to ‘no-limits’ pledge – sources
ECB President Christine Lagarde overruled objections from Germany and the Netherlands to adopt a historic “no-limits” commitment to shore up the region’s economy in the face of the coronavirus meltdown, three sources told Reuters.
Croatia reports first death of person infected with coronavirus
Croatia registered its first death of a person infected with the coronavirus, the state public health institute said on the official government web page for the crisis.
German army on standby to help with coronavirus crisis
The German military is making preparations to help with efforts to tackle the coronavirus crisis should other civil servant organisations become overwhelmed with the outbreak, Defence Minister Annegret Kramp-Karrenbauer said on Thursday.
American Airlines secures $1 billion credit line to deal with coronavirus crisis
American Airlines Group Inc has secured a new year-long $1 billion credit line, taking its available liquidity to $8.4 billion, a regulatory filing showed on Thursday.
Air France working with government to help repatriate French, European travelers
Air France said on Thursday that it was working closely with the French government to help repatriate French and European nationals abroad who might be stranded as a result of transport link closures prompted by the coronavirus.
Credit markets flash red as coronavirus hits corporate America
From airlines and cruise lines to retailers and energy companies, investors are fleeing large pockets of the corporate credit market, worried that the coronavirus pandemic will lead to bankruptcies, defaults and credit rating downgrades.
World leaders rush in to shore up panic-hit global financial system
World finance leaders tried to lift confidence with emergency measures to pour cash into panic-stricken markets on Thursday, as investors everywhere dumped assets, switching to dollars amid the escalating coronavirus pandemic.
Three people have coronavirus at U.S. mission in Geneva: official
Three people employed by the U.S. diplomatic mission in Geneva have contracted coronavirus, but are in “good condition”, a spokesperson told Reuters on Thursday, declining to give specifics.
Airline industry crisis deepens as coronavirus pain spreads
The crisis for airlines deepened on Thursday as Lufthansa warned the industry might not survive without state aid if the coronavirus pandemic lasts a long time, and Qantas Airways told most of its 30,000 staff to take leave.
UK says has no plans for travel restrictions or to use military to keep order
The British government has no plans to bring in blanket travel restrictions for London or to close down the capital’s transport system, Prime Minister Boris Johnson’s spokesman said on Thursday.
