Markets stable amid holidays, oil down on OPEC uncertainty
BANGKOK (AP) — Asian shares were steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis.
Economic devastation looms on a Good Friday like no other
MADRID (AP) — As Christians around the world observed a Good Friday like no other, at home watching livestreams instead of at church, pressure was mounting on governments to restart some industries and fend off further economic devastation from the coronavirus.
Singapore battles virus hotspots in migrant workers' dorms
KUALA LUMPUR, Malaysia (AP) — After managing to keep on top of the first wave of coronavirus outbreaks, Singapore is grappling with an alarming rise in infections among migrant workers housed in crowded dormitories.
Renault seeking 4-5 billion euros in state-backed loans
PARIS (AP) — Renault says it is seeking billions in state-backed loans, cancelling its dividend for 2019 and its chairman is taking a pay cut, as the French automaker tries to weather the coronavirus crisis.
Mexican standoff imperils proposed 10M-barrel OPEC+ oil cut
DUBAI, United Arab Emirates (AP) — A deal between OPEC and nations including Russia to boost oil prices involves a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year, though the cartel said Friday its approval hinges on Mexico's agreement.
Singapore stops Zoom for online education as hackers strike
HONG KONG (AP) — Singapore has suspended the use of Zoom for online education after hackers hijacked a lesson and showed obscene images to students.
Japan auto industry vows to protect jobs amid virus crisis
TOKYO (AP) — Toyota Chief Executive Akio Toyoda promised Friday that the Japanese auto industry would seek to protect jobs worldwide as it endures the coronavirus pandemic.
UN urges governments to tackle recession, scrap debt payment
UNITED NATIONS (AP) — More than 60 U.N. agencies and international organizations urged governments on Thursday to take immediate steps to address the unfolding global recession and financial crisis wrought by the coronavirus pandemic, especially in the world’s poorest countries.
Asian shares steady after Wall St caps best week since 1974
BANGKOK (AP) — Asian shares are steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis.
White House says no 'surprise' bills for COVID-19 patients
WASHINGTON (AP) — Hospitals taking money from the $2 trillion stimulus bill will have to agree not to send “surprise” medical bills to patients treated for COVID-19, the White House said Thursday.
Euro countries agree half trillion euros in support
FRANKFURT, Germany (AP) — Governments from the 19 countries that use the euro overcame sharp differences to agree Thursday on measures that could provide more than a half-trillion euros ($550 billion) for companies, workers and health systems to cushion the economic impact of the virus outbreak.
Senators block new virus aid, Pelosi decries 'stunt'
WASHINGTON (AP) — The Senate twisted itself into knots Thursday over President Donald Trump’s new coronavirus aid request, as Democrats refused to rubber stamp his proposal for $250 billion more to boost small businesses, demanding modifications along with an additional $250 billion for health care providers and states.
US gig workers and self-employed face delays in jobless aid
WASHINGTON (AP) — After Rich Cruse saw about $3,000 in income for his photography business quickly disappear to the coronavirus, he tried to apply for unemployment benefits in California.
Panic grocery buying slows; iPhone sales plummeted in March
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus.
IMF head sees worst economic downturn since Great Depression
WASHINGTON (AP) — The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world's poorest countries suffering the most, the head of the International Monetary Fund said Thursday.
A new $2.3 trillion Fed plan to aid localities and companies
WASHINGTON (AP) — The Federal Reserve unleashed a new series of moves Thursday to try to make loans available to states, localities and companies that have been hard hit by the coronavirus.
Pandemic has set the number of air travelers back decades
The number of Americans getting on airplanes has sunk to a level not seen in more than 60 years as people shelter in their homes to avoid catching or spreading the new coronavirus.
Wiped out of toilet paper? Here's why
What does toilet paper have to do with the global coronavirus pandemic? Nothing. Yet millions of people have been panicking about their household supply.
Virus casts a dark cloud over once-thriving home market
BOSTON (AP) — When Rebeka McBride and her husband put their home in Washington state on the market in early March, the coronavirus outbreak was just taking hold in the United States.
Record 16.8 million have sought US jobless aid since virus
WASHINGTON (AP) — With a startling 6.6 million people seeking unemployment benefits last week, the United States has reached a grim landmark: More than one in 10 workers have lost their jobs in just the past three weeks to the coronavirus outbreak.
Hurry up and wait? Why relief to small businesses has lagged
NEW YORK (AP) — Speed is of the essence if a federal relief program for small businesses is going to be effective in combating the damage wrought by the coronavirus lockdowns.
Whales filmed having whale of a time during lockdown
LE PECQ, France (AP) — With humans away, the whales will play. In another sign that wild animals are roaming more freely while locked-down people are sheltering indoors from the coronavirus, a maritime patrol has filmed remarkable images of whales powering through Mediterranean waters off the coast of southern France.
Half billion more people face poverty due to virus - report
LONDON (AP) — Around half a billion people could be pushed into poverty as a result of the economic fallout from the coronavirus pandemic unless richer countries take “urgent action” to help developing nations, a leading aid organization warned Thursday.
Jobless claims report Thursday could hit 7 million or higher
WASHINGTON (AP) — The government is set to report another shocking level of unemployment claims Thursday even after nearly 10 million people applied for benefits in the previous two weeks because of business shutdowns from the coronavirus.
Ship at center of virus outbreak raided by Australian police
BRISBANE, Australia (AP) — Police wearing protective gear boarded a cruise ship to seize evidence and question crew members of the vessel linked to hundreds of coronavirus infections and 15 deaths across Australia.