Exclusive: U.S. Fed, banks discuss possible leniency on liquidity threshold to aid lending – sources
The U.S. Federal Reserve is talking with lenders about potentially going easy on them if they deplete their liquidity reserves while trying to support customers hurt by coronavirus disruption, according to three people with knowledge of the discussions…
Global sports events hit by coronavirus pandemic
Major sports events around the world that have been hit by the coronavirus outbreak:
Coronavirus cases in Germany rise by 671 to top 3,000
The number of confirmed coronavirus cases in Germany has risen by 671 to reach 3,062, the Robert Koch Institute for infectious diseases said on Friday.
Saudi Arabia detects 24 cases of coronavirus, bringing total to 86: SPA
Saudi Arabia detected on Friday new 24 cases of coronavirus, including 14 Egyptians, state news agency (SPA) said citing the health ministry.
Trump to declare emergency as coronavirus chaos spreads
U.S. President Donald Trump will declare a national emergency over the fast-spreading coronavirus on Friday, opening the door to more federal aid to combat a disease that has infected 138,000 people worldwide and left more than 5,000 dead.
Stimulus hopes bolster Wall Street after worst session since 1987
Wall Street clawed back losses on Friday from its biggest declines in three decades, as investors bet on more fiscal stimulus to thwart a coronavirus-driven global recession.
Demand dives at apparel retailers as virus-wary shoppers stay home
As virus-wary shoppers stayed home in the United States and Europe, apparel retailers braced for a blow to sales and a potential inventory glut. Some slashed orders at garment factories while others began discounting merchandise.
Montenegro bars gatherings, closes schools, ports and border crossings
Montenegro barred public gatherings, closed schools for at least two weeks and adopted an array of other measures on Friday, including a ban on arrivals of ships at its Adriatic ports, in an effort to pre-empt the onset of the coronavirus outbreak.
Volkswagen’s Spanish unit SEAT to stop on Monday: spokesman
The main plant of Volkswagen AG’s Spanish unit Seat in Martorell near Barcelona will stop output on Monday for an unspecified time due to logistical problems linked to the coronavirus epidemic, a company spokesman said on Friday.
AT&T asks employees to work from home amid virus fears
U.S. carrier AT&T Inc on Friday asked its employees to work from home amid rising fears of the coronavirus, joining a list of tech majors working to curb the spread.
