[ad_1] WASHINGTON – A U.S. recession may already be underway. Could it be worse? FILE PHOTO: A deli is seen closed, due to the outbreak of the coronavirus disease (COVID-19) in the Brooklyn borough of
Turkey halts intercity trains, limits domestic flights over virus outbreak
[ad_1] ANKARA (Reuters) – Turkey halted all intercity trains and limited domestic flights on Saturday as part of measures to contain a fast-growing coronavirus outbreak, as the number of cases jumped by a third in
Fitch cuts UK’s rating on coronavirus debt surge
[ad_1] LONDON/BENGALURU, India (Reuters) – Ratings agency Fitch cut Britain’s sovereign debt rating on Friday, saying the country’s debt levels would jump as the government ramped up its spending to offset the near shutdown of
U.S. airlines cheer government relief but warn it is no ‘cure’ for deep industry crisis
[ad_1] CHICAGO (Reuters) – United Airlines Holdings Inc (UAL.O) and Delta Air Lines (DAL.N) welcomed on Friday a $50 billion (40.1 billion pounds) relief package they said would protect jobs through September but warned that
Graphic: Cash handouts and bond buying: $10 trillion-plus deployed against virus
[ad_1] LONDON (Reuters) – More than 300 basis points in combined interest rate cuts, a tenth of annual output in central bank stimulus and $5 trillion (4.01 trillion pounds) of new government spending and credit
India asks state-run power producers to ensure supply
[ad_1] CHENNAI, India (Reuters) – India’s power ministry said on Saturday state-run firms will supply electricity to distribution companies including ones with large payments due, to ensure supply to people whose ability to pay bills
From quills to qwerty: Lloyd’s underwriters adapt to home working
[ad_1] LONDON (Reuters) – Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won’t need them. FILE PHOTO: A man works at
Saudi Arabia says no talks on new oil deal, Moscow suggests larger OPEC+
[ad_1] MOSCOW/DUBAI/LONDON (Reuters) – Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets despite rising pressure from Washington to stop a price rout amid the coronavirus pandemic and
Condom shortage looms after coronavirus lockdown shuts world’s top producer
[ad_1] KUALA LUMPUR (Reuters) – A global shortage of condoms is looming, the world’s biggest producer said, after a coronavirus lockdown forced it to shut down production. FILE PHOTO: A worker performs a test on
Google-parent Alphabet to donate $800 million in response to coronavirus crisis
[ad_1] FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. Picture taken January 20, 2020. REUTERS/Arnd Wiegmann/File Photo (Reuters) – Alphabet Inc (GOOGL.O) will donate more than $800 million (645