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Updated: 4 years 29 weeks ago
U.S. power industry may ask key employees to live at work if coronavirus worsens
The U.S. electric industry may ask essential staff to live on site at power plants and control centers to keep operations running if the coronavirus outbreak worsens, and has been stockpiling beds, blankets, and food for them, according to industry trade groups and electric cooperatives.
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Global oil, gas producers cut spending after crude price crash
Oil and gas companies are cutting spending plans in response to the new coronavirus and a push by Saudi Arabia and Russia to ramp up output.
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Frontier Airlines private equity owner sees good buys in industry turmoil
Airlines hit hard by the travel restrictions imposed as a result of the coronavirus pandemic may soon present buying opportunities for investors, the co-founder of the buyout firm that owns budget carrier Frontier Airlines said in an interview.
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Futures buoyed by stimulus hopes
U.S. stock index futures firmed 4% on Friday, at the end of another torrid week for financial markets that have been battered by growing evidence of the economic damage from the coronavirus pandemic.
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British Airways pilots face pay cut and unpaid leave
British Airways pilots will have to take two weeks of unpaid leave in both April and May as well as a deduction from basic pay over three months, it said in a letter to pilots on Friday.
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British public unprepared for BoE rate cut: survey
Almost none of the British public surveyed by the Bank of England last month expected it would soon need to cut interest rates, a BoE report showed on Friday.
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Deutsche Bank warns virus may 'materially' impact targets
Deutsche Bank said on Friday that the impact of the coronavirus outbreak may affect the lender's ability to meet its financial targets as the fragile bank undergoes a major revamp after years of losses.
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Germany plans half-trillion support fund for corona-struck firms: Der Spiegel
Germany plans a half-trillion euro fund to support companies thrown into payments difficulties by the coronavirus crisis, which will have the ability to guarantee liabilities or even inject capital when needed, Der Spiegel reported on Friday.
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Markets lifted as central banks, governments pour in cash
Stock markets rebounded from some of their recent huge losses on Friday, pulling further away from three-year lows as central banks and governments pledged masses of cash to reduce the economic impact of the coronavirus pandemic.
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OPEC supply curbs, U.S. measures could support oil prices near term: Goldman
Supply restraint by core-OPEC producers could push second-quarter Brent oil prices up to $30 a barrel, while U.S. measures to support the market could underpin prices in the near term, Goldman Sachs said in a research note.
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Oil extends recovery as Trump hints at intervening in Saudi-Russia price war
Oil prices recovered further on Friday, following steep gains in the previous session after U.S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia at an "appropriate time".
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Coronavirus concerns overshadow Olympic flame arrival in Japan
An Olympic cauldron was ignited in Japan on Friday with a flame carried from Greece, with officials again pledging the Tokyo 2020 Games will proceed despite mounting pressure to halt the world's biggest sporting event due to the coronavirus pandemic.
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South Korea, China, Japan foreign ministers to hold video conference over coronavirus response: Seoul
The foreign ministers of South Korea, China and Japan will hold a video conference on Friday to foster cooperation on the coronavirus pandemic, Seoul's foreign ministry said.
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Thailand reports 50 new coronavirus infections for total of 322
Thailand reported 50 new coronavirus infections, taking its tally to 322, a health official said on Friday, with the majority located in Bangkok, the capital.
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Unity will help Iran overcome coronavirus, Rouhani says
Iranians will overcome a coronavirus outbreak with unity, President Hassan Rouhani said in a televised speech on Friday, praising doctors and nurses for their courage in fighting the disease that has killed 1,284 in the Middle East country.
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Latest on the spread of coronavirus around the world
The world's richest nations poured unprecedented aid into the global economy 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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CDC reports 10,491 coronavirus cases, 150 deaths
The U.S. Centers for Disease Control and Prevention (CDC) on Thursday reported 10,491 cases of coronavirus, an increase of 3,404 from its previous count, and said the death toll had risen by 53 to 150, the biggest one-day jump so far.
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Air Canada to lay off over 5,100 employees due to virus outbreak: union
Air Canada will temporarily lay off more than 5,100 employees as it attempts to check the impact of the coronavirus pandemic, the union representing the Canadian airline's flight attendants said on Friday.
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Apple limits online iPhone purchases to two per person amid coronavirus
Apple Inc is limiting customer purchases of iPhones over its online stores in many countries including the United States and China to a maximum of two handsets per person, checks on its website on Friday revealed.
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Tesla suspends production at U.S. vehicle factory due to coronavirus
Tesla Inc said on Thursday it will suspend production at its San Francisco Bay Area vehicle factory on March 24, ending a standoff with California authorities concerned about the spread of the coronavirus.
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