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Updated: 4 years 29 weeks ago
Ford to bring forward UK summer shutdown due to coronavirus
Ford will bring forward part of the summer shutdown for its British engine plants to Easter due to the coronavirus outbreak.
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U.S. home sales hit 13-year high; coronavirus disruption looms
U.S. home sales surged to a 13-year high in February, but the housing market recovery is likely to be derailed by the coronavirus pandemic, which has unleashed a wave of layoffs and left the economy teetering on the brink of a recession.
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Airlines face reckoning as government help comes with strings attached
Shattered airlines were left counting the cost of government support as countries from the United States to New Zealand set out conditions for bailouts needed to absorb the shock of the coronavirus pandemic.
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Fed increases frequency of swap line operations with other major central banks
The U.S. Federal Reserve said on Friday that it would enhance the U.S. dollar liquidity swap line arrangements it has with several major central banks.
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'Demand destruction' - analysts race to lower outlooks for oil
Traders and analysts are struggling to revise down their forecasts for oil demand fast enough, as government lockdowns to contain the coronavirus outbreak have rapidly cut fuel consumption.
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U.S. moves tax day to July 15 -Treasury's Mnuchin
The U.S. government is moving its tax filing day from April 15 to July 15, Treasury Secretary Steven Mnuchin said on Friday amid the coronavirus crisis afflicting the country.
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Divided G20 faces pressure to lead global response to coronavirus
The Group of 20 major economies faces mounting pressure to bridge internal divisions and unite against the coronavirus, just as it coalesced to address the 2008-09 global financial crisis.
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BOJ says enhanced dollar swap lines will ease strains in funding markets
A decision by the world's major central banks to enhance their dollar swap lines will serve as an important backstop to ease strains in global funding markets, the Bank of Japan said on Friday.
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JPMorgan Chase to pay 'front-line' workers $1,000 bonus: memo
JPMorgan Chase & Co said Friday it would give "front line employees," workers who are staffing branches and call centers through the coronavirus pandemic, a sweetener for their efforts: a one-time $1,000 bonus.
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Oil falls back as Russia rejects Trump's intervention in price war
Oil prices fell on Friday after rising 10% in the session as the coronavirus epidemic knocked the outlook for demand and Moscow rejected an intervention by U.S. President Donald Trump in Russia's price war with Saudi Arabia.
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Truckmaker Volvo to put all 20,000 Swedish staff on temporary lay off-scheme
Truckmaker AB Volvo said on Friday it would put all its 20,000 staff in Sweden on short-term temporary lay off-scheme starting next week as it plans to close it's whole production system in the country.
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'Strings attached': Governments offer financial lifelines to airlines, at a price
Shattered airlines were left counting the cost of government support as countries from the United States to New Zealand set out conditions for bailouts needed to absorb the shock of the coronavirus pandemic.
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Crowds form at Olympic torch event in Japan despite coronavirus caution
An Olympic torch event in Japan drew hundreds of spectators on the day of the flame's arrival on Friday, creating the type of packed gathering the government and Tokyo 2020 organisers have warned against to prevent coronavirus from spreading further.
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Finnish health boss questions WHO coronavirus testing advice
Finland's national health authority questioned on Friday the World Health Organization's call on countries to test as many patients as possible for coronavirus, after the country ran out of testing capacity this week.
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Muslims in Indonesia divided over Friday prayers amid coronavirus fears
While many Muslims in Indonesia's capital accepted advice to avoid religious gatherings and prayed at home on Friday elsewhere in the world's most populous Muslim country, people ignored the risk of coronavirus and crowded into their mosques.
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Come back to fight coronavirus, UK begs 65,000 former nurses and doctors
Britain has asked 65,000 former nurses and doctors to return to work and will deploy final-year medical students to fight the coronavirus health crisis, the health ministry said.
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Sri Lanka to impose national curfew as South Asia accelerates coronavirus battle
Mosques in Sri Lanka were shut indefinitely from Friday, and the island is set to impose a countrywide curfew over the weekend, as South Asian countries step up efforts to check the spread of COVID-19 cases.
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German restaurant chain Vapiano opens insolvency proceedings
German restaurant chain Vapiano SE on Friday said it had opened insolvency proceedings and would apply for government assistance programs to avoid bankruptcy, blaming the corona crisis for a further drop in sales.
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Malaysia to deploy army amid movement curbs to contain coronavirus
Malaysia will deploy the army from Sunday to assist police in enforcing a restricted movement order aimed at reining in the spread of a coronavirus, the government said.
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Oil gains as governments pile on the economic stimulus
Oil prices rose on Friday as the world's richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia.
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