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Updated: 4 years 29 weeks ago
Amazon halts grocery orders to restock amid surging demand
Amazon.com Inc said on Thursday it has halted its Prime Pantry delivery service in the United States to restock groceries, following a surge in online orders by shoppers worried about the coronavirus pandemic.
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U.S. jobless claims could top record 1.5 million next week: economists
A wave of layoffs at restaurants, bars and hotels, as efforts to contain the coronavirus pandemic bring much of everyday American life to a halt, could drive new applications for U.S. unemployment benefits to a record 1.5 million or more next week, economists warned on Thursday.
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Prince Albert of Monaco tests positive for coronavirus
Prince Albert of Monaco has tested positive for coronavirus but his health is not a cause for concern, his office said on Thursday.
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Toyota extends North America production shutdown through April 3
Toyota Motor Corp said on Thursday it will extend a planned two-day shutdown of all North American plants through April 3 as the spread of coronavirus continues.
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Coronavirus patients flood hospitals in Swiss canton next to Italy
The southern Swiss canton of Ticino on the border with Italy is being swamped with coronavirus patients and authorities are battling to find enough intensive care beds, a top public health official said on Thursday.
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Exhausted Dutch minister leading coronavirus fight quits
The minister leading the Dutch government's fight against the coronavirus resigned on Thursday, a day after collapsing from exhaustion during a parliamentary debate on the epidemic.
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U.S. to buy initial 30 million bbls of oil for emergency stockpile
The U.S. Department of Energy said on Thursday it will buy up to 30 million barrels of crude oil for the Strategic Petroleum Reserve by the end of June as a first step in fulfilling President Donald Trump's directive to fill the emergency stockpile to help domestic crude producers.
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Uber shares soar after CEO says enough cash to ride out coronavirus crisis
Shares of Uber Technologies Inc surged as much as 44% on Thursday after Chief Executive Officer Dara Khosrowshahi said it had plenty of cash on hand to tide over the coronavirus crisis and signaled a recovery in some parts of its business.
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U.S. oil surges 20% after three-day sell off
U.S. oil prices rose 20% on Thursday, recouping some losses from a sell-off that drove prices to near 20-year lows, but analysts saw the rebound as a brief reprieve, anticipating more weakness as the coronavirus outbreak takes its toll on global demand.
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H&M issues notice of temporary lay-offs to 2,000 staff in Norway: DN
Swedish retailer H&M has sent notice of temporary lay-offs to 2,000 employees in Norway due to the coronavirus outbreak, Norwegian business daily Dagens Naeringsliv reported on Thursday, citing the head of the Norwegian business.
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Bank of England cuts rates to 0.1%, ramps up bond-buying
The Bank of England cut interest rates to 0.1% on Thursday, its second emergency rate cut in just over a week, and promised 200 billion pounds of bond purchases in a fresh attempt to shield Britain's economy from the coronavirus outbreak.
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Wall Street ekes out gains as Fed steps in
Wall Street tried to bounce back on Thursday from dramatic losses in the previous session, as policymakers around the world pulled out all the stops to try and stave off a deep and lasting coronavirus-driven recession.
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Exclusive: Ferrari and Fiat look at helping Italy make ventilators in coronavirus crisis
Italian carmakers Ferrari and Fiat Chrysler are in talks with the nation's biggest ventilator manufacturer to help to boost production of the life-saving machines that are urgently needed in the coronavirus crisis, company officials said on Thursday.
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Amazon asks shoppers to cooperate with U.S. probe of third-party sellers
Amazon.com Inc has started asking customers to cooperate with a Department of Justice criminal investigation of third-party sellers on its e-commerce marketplace, according to an email seen by Reuters.
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American Airlines says bookings still falling, working on more flight cuts
American Airlines Group Inc is working on more network reductions "in real-time" as it sees booking continuing to decline, President Robert Isom told employees in a letter on Thursday.
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Rich world pumps aid as coronavirus deaths in Italy overtake China
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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From Boeing to Tennessee whiskey, coronavirus U.S. bailout requests top $2 trillion
As the coronavirus pandemic threatens to bring U.S. economic activity to a halt, American businesses are jockeying for a financial lifeline from President Donald Trump's administration and Congress.
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Uber shares soar after CEO says has enough cash to ride out coronavirus crisis
Shares of Uber Technologies Inc surged as much as 44% on Thursday after Chief Executive Officer Dara Khosrowshahi said it had plenty of cash on hand to tide over the coronavirus crisis and signaled a recovery in some parts of its business.
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WHO working to ensure supplies of diagnostics, protective gear - Tedros
The World Health Organization (WHO) is finalizing arrangements for Chinese suppliers to export protective gear for health workers and aims to build a "continuous pipeline", WHO director-general Tedros Adhanom Ghebreyesus said on Thursday.
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Coronavirus turmoil poses test as Canada's Bombardier sheds assets
Canada's Bombardier Inc could face its first test as a standalone business jet maker as economic uncertainty linked to the rapid spread of coronavirus crimps demand for new corporate aircraft and has sparked fears of a recession, industry executives and analysts said.
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