U.S. life insurers impose waiting periods to skirt coronavirus risk
U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have traveled to regions with widespread outbreaks, industry experts said.
Banks aim to keep trading floors open in event of any London lockdown
London-based banks plan to keep trading floors open even in the event of a formal lockdown of the British capital, betting that their frontline staff will be treated by authorities as “key workers”.
Exclusive: China to ramp up spending to revive economy, could cut growth target – sources
China is set to unleash trillions of yuan of fiscal stimulus to revive an economy expected to shrink for the first time in four decades amid the coronavirus pandemic, while a planned growth target is likely to be cut, according to four policy sources.
Boutique shops in central London on the brink as coronavirus kills trade
Horlis Ramirez packed shoes with silk bags into boxes in his empty store in London’s West End shopping district, voicing fears that coronavirus could deal a fatal blow to his business.
GE Healthcare ramps up ventilator production amid coronavirus spread
General Electric’s healthcare unit said on Thursday it was hiring more people and shifting current employees to ramp up production of ventilators as the global coronavirus pandemic leads to surge in demand for medical equipment.
Turkey says it sent 500,000 coronavirus test kits to United States
Turkey has sent 500,000 coronavirus test kits to the United States upon their request, Health Minister Fahrettin Koca said on Thursday.
Factbox: Airlines ground flights, count mounting costs of the coronavirus shock
Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts.
IATA says Middle East airlines need state aid due to liquidity crisis
Governments must urgently consider providing aid to airlines in the Middle East to help them cope with a liquidity crisis due the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday.
Coronavirus border curbs disrupt EU food supplies, says industry
Restrictions imposed by some European Union countries at their borders with other members of the bloc in response to the coronavirus outbreak are disrupting food supplies, representatives of the industry and farmers said on Thursday.
Iran’s death toll from coronavirus rises to 1,284
Iran’s death toll from coronavirus jumped to 1,284 on Thursday, the health ministry said, with the total number of infections rising to 18,407 in the Islamic Republic, the worst-affected country in the Middle East.
