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Updated: 4 years 29 weeks ago
Embraer puts Brazil-based workers on furlough to protect them from coronavirus
Brazilian planemaker Embraer is putting all its Brazil-based employees who cannot work remotely on paid leave until March 31, the company said on Sunday, adding that only "a few essential operations" will be maintained.
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McDonald's to temporarily close all UK, Ireland restaurants amid coronavirus outbreak
McDonald's Corp said on Sunday it would temporarily close all its restaurants in the UK and Ireland by Monday evening because of the coronavirus outbreak.
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Virgin companies to invest $250 million to save jobs after virus outbreak: Branson
British entrepreneur Richard Branson said on Sunday companies in his Virgin empire will be investing $250 million in coming weeks and months to save jobs from the impact of the coronavirus outbreak.
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Coronavirus supplies donated by Alibaba's Ma arrive in Africa
A first planeload of protective and medical equipment donated to Africa by Chinese billionaire and Alibaba co-founder Jack Ma to help it fight the coronavirus arrived in the Ethiopian capital Addis Ababa on Sunday.
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Senate GOP coronavirus bill aides U.S. transit, airports but loans not cash for airlines
A Senate Republican coronavirus stimulus package would provide financial aid to U.S. airports, transit systems and passenger railroad Amtrak, but $50 billion for struggling U.S. airlines would be a loan not a cash payout, according to a copy of the proposal seen by Reuters.
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Facebook donates emergency reserve of 720,000 masks due to coronavirus outbreak
Facebook Inc Chief Executive Mark Zuckerberg said on Sunday that the social media company has donated its emergency reserve of 720,000 masks to provide health workers with more protective gear.
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Wall Street braces for another bleak week, with coronavirus risks amplified
Wall Street analysts and investment managers expect another rough week for U.S. markets, as coronavirus cases and deaths increase in major cities and lawmakers continue to battle over an economic aid package in Washington.
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Facebook to cut video streaming quality in virus-hit Europe
Facebook will downgrade video streaming quality on its platform and on Instagram in Europe, the latest U.S. tech giant to respond to an EU call to stave off internet gridlock as thousands work from home due to the coronavirus outbreak.
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Emirates stops nearly all passenger flights, slashes wages
Emirates, one of the world's biggest long-haul airlines, said on Sunday it would stop nearly all passenger flights this week and cut staff wages by as much as half because of the coronavirus impact on travel demand.
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Ford, GM, Tesla getting 'go ahead' to make ventilators: Trump
U.S. President Donald Trump said on Sunday that U.S. automakers Ford Motor Co, General Motors Co and Tesla Inc had been given the green light to produce ventilators and other items needed during the coronavirus outbreak.
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Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: Mnuchin
The coronavirus economic relief bill being finalized by the U.S. Congress will include a one-time $3,000 payment for families and allow the Federal Reserve to leverage up to $4 trillion of liquidity to support the nation's economy, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
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Fed's Bullard: Coronavirus shutdown not a recession but an investment in survival
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Factbox: Latest on the spread of the coronavirus around the world
Coronavirus cases ballooned in Europe, prompting more lockdown measures to try to slow the spread. New Jersey's governor followed four other U.S. states that have imposed unprecedented restrictions. Australia announced it was shutting a large array of businesses from Monday.
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Coronavirus deaths in Italy overtake China as economic damage mounts
The world's richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicentre Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated.
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Explainer: Hobbled IRS tax agency may need months to put cash into Americans' hands
In order to put recession-fighting checks into the hands of millions of Americans, President Donald Trump will rely on a tax agency that has fewer workers, a smaller budget, and the same 1960s-era computer systems it had the last time it was asked to do so.
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Netflix to slash traffic across Europe to relieve virus strain on internet providers
Netflix Inc said it will cut traffic by 25% on networks across Europe in a relief measure for internet service providers (ISPs) experiencing a surge in usage due to government "shelter in place" orders aimed at slowing the coronavirus outbreak.
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Airlines appear to come up short in bid to win cash grants in rescue package
A last-ditch effort by the chief executives of major U.S. airlines to try to win cash grants to weather the coronavirus crisis looked to be unsuccessful, four congressional aides and airline officials said late Saturday.
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U.S. Senate races to agree on massive coronavirus relief package
Republicans and Democrats in the U.S. Senate on Saturday scrambled to complete a deal on a $1 trillion-plus bill aimed at stemming the coronavirus pandemic's economic fallout for workers, industries and small businesses.
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Amazon raises overtime pay for warehouse workers
Amazon.com Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses as the world's largest online retailer tries to meet the rapidly growing demand for online shopping from consumers stuck at home during the coronavirus outbreak.
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Latest on the spread of the coronavirus around the world
As coronavirus cases ballooned in Europe, several countries imposed or planned new restrictions to try to curb the spread. Britain told panic-buyers to calm down. California and three other U.S. states directed tens of millions of people to stay at home.
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