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Trump

Trumps orders General Motors, Ford to make ventilators to fight coronavirus

Trump in a tweet also said that he would be invoking the Defense Production Act, which would force companies to produce such equipment
Mar 28, 2020
By R. Ghosh
Coronavirus
airport

Airports start to lay off workers as Covid-19 halts traffic

Also, a large number of security staff and other workers in airports have tested positive for coronavirus of the past couple of weeks
Mar 28, 2020
By R. Ghosh
Coronavirus
G20

G20 leaders to inject $5 trillion into global economy in fight against coronavirus

G20 leaders also expressed concern about the risks to fragile countries, notably in Africa, and populations like refugees
Mar 27, 2020
By Reuters
Coronavirus
New York State Department of Labor

US unemployment claims touch record high as coronavirus hits hard

The numbers hit a record high of 3.28 million, topping the Great Recession peak of 665,000 in March 2009 and all-time high of 695,000 in October 1982
Mar 27, 2020
By R. Ghosh
Coronavirus
Airlines

US allocates $58 billion to bail out airlines amid coronavirus crisis

Of the $58 billion, the bill grants $25 billion in the form of loans and loan guarantees for passenger airlines
Mar 27, 2020
By R. Ghosh
Coronavirus
Economy

Time to buy stocks again, market mavens say

BlackRock and Credit Suisse stated on Thursday that they had turned slightly bullish on the risk assets
Mar 26, 2020
By Reuters
Coronavirus
Recession

Distressed debt in US reaching as high as 2008 amid COVID-19 crisis; Expert says no quick recovery

Distressed debt in the US has quadrupled to $1 trillion right now, in less than a week, expert says there is no quick recovery
Mar 26, 2020
By Vinay B.S.
Coronavirus
Gold

Gold steadies as dollar dips ahead of US jobs data

The US Senate on Wednesday overwhelmingly backed a $2 trillion bill that is aimed at helping unemployed workers and industries hurt by the coronavirus
Mar 26, 2020
By Reuters
Coronavirus
Bank of Japan announces negative interest rates

Bank of Japan newcomer rejects rate cut as a tool for fighting Coronavirus impact

The BOJ has eased the monetary policy earlier this month by increasing all the purchases of the risky assets
Mar 26, 2020
By IBTimes SG Desk
Coronavirus
Finance Minister Heng Swee Keat

Resilience Budget: Singapore is setting aside additional $48.4 billion for Coronavirus crisis

The Singapore government is setting aside a further $48.4 billion to support businesses, workers and families in the Republic
Mar 26, 2020
By IBTimes SG Desk
Coronavirus
Factory

China's factories reopen, only to fire workers as Coronavirus shreds global trade

Shi stated that his fabric supplier in hard-hit Italy suspended operations on Sunday, meaning no fresh raw materials from May
Mar 26, 2020
By Reuters
Coronavirus
Volkswagen

Carmakers join coronavirus war: Kia, Fiat plan to make masks, Volkswagen hospital ventilators

Governments are urging automakers help in speeding up production of ventilators and other medical equipment that could help gap the shortage
Mar 26, 2020
By R. Ghosh
Coronavirus
US Senate

White House and Senate reach $2 trillion coronavirus stimulus deal: Here's what's in the package

The stimulus package includes a range of provisions to help the economy fight the coronavirus outbreak and bounce back to normal
Mar 26, 2020
By R. Ghosh
Coronavirus
EU Flag

EU tells banks to be flexible over loan losses rule in epidemic

Banks said they face mounting provisions, which could eat into their capital, as businesses and households struggle repaying loans due to economic disruption caused by the virus
Mar 25, 2020
By Reuters
Coronavirus
Super market

UK inflation falls off six-month high as fuel prices drop

Retail price inflation, an older, less accurate measure still used for inflation-linked government bonds and also some commercial contracts, fell to 2.5% from 2.7% in January
Mar 25, 2020
By Reuters
Coronavirus
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