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The SARS-CoV-2 / COVID-19 pandemic will have long-term effects on the economy and finance. We're tracking press statements and analyzing them for commitments or plans around economics and reporting them here. Below are the latest ones. This page is updated several times per day.
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Our Writing on COVID-19
Economic recovery from 2020 to 2035
(Published on June 23, 2020)
What Warren Buffett gets right (and wrong) on post-COVID-19 investing
(Published on June 17, 2020)
Protests, COVID-19, and our institutions
(Published on June 2, 2020)
My portfolio strategy for a 2022 recovery bet
(Published on May 19, 2020)
We won't recover until 2022
(Published on May 13, 2020)
This Week: Economic priorities and second waves of infection
(Published on May 11, 2020)
How May Begins
(Published on May 3, 2020)
Global Leaders on Post-COVID-19 Futures
(Published on April 8, 2020)
The shapes of the COVID-19 economy: V, U, W, L, or...?
(Published on April 3, 2020)
Stimulus plans, debt, and a framework for analyzing long-term risk
(Published on March 30, 2020)
COVID-19 and the economy: a week in review
(Published on March 23, 2020)
Recent Statements
Click the quote to go to the original article.
The Detroit company, whose shares were up about 2% in midday trading, also said it would generate cash flow of $7 billion to $9 billion during the second half of the year, as sales in its two largest markets recovered more quickly than anticipated during the global coronavirus pandemic.
(From News18 - Business, on 2020-11-05 17:18)
Lack of fiscal stimulus and spiraling new coronavirus infections across the country have put the economy on a sharply slower growth path heading into the fourth quarter.
(From News18 - Business, on 2020-11-05 18:28)
He also said the recent rise in coronavirus infections in the United States and abroad was “particularly concerning,” and said social distancing and masks were needed to help contain the virus and support the economy.
(From Guardian - Business, on 2020-11-05 20:47)
A previous report from the World Economic Forum found a global green recovery from the coronavirus pandemic could boost the global economy by $10 trillion a year and create 395 million jobs by 2030.
(From EHN, on 2020-11-05 21:55)
"The path of the economy will depend significantly on the course of the virus," the Federal Open Market Committee, the central bank's rate-setting panel, said in the statement.
(From CBSNews.com - USA, on 2020-11-05 22:16)
While China's resurgence from the initial virus outbreak offers some support to the global economy, "China alone will not be able to do miracles for the world", he said.
(From Straits Times - Business, on 2020-11-05 21:00)
The United Nations voted Thursday to hold a summit on the COVID-19 pandemic on Dec. 3-4 to press for action on the global spread of the coronavirus and its unprecedented effects on societies, economies, jobs, global trade and travel.
(From News18 - World News, on 2020-11-05 19:49)
Federal Reserve Chair Jerome Powell on Thursday said the pace of recovery in the world's largest economy has moderated over the past few months and cautioned that the recent rise in coronavirus cases in the United States and around the world is "particularly concerning."
(From The Age - Latest News, on 2020-11-05 20:40)
“Where linkages with the global economy create vulnerabilities, China wants to minimise them,” says Andrew Polk of Trivium China, a research firm.
(From The Economist - China, on 2020-11-07 00:00)
A second wave of the coronavirus pandemic has stalled a nascent recovery in Europe, the European Union (EU) said today, warning that the economy would not return to pre-virus normality before 2023.
(From The Sun Daily (Malaysia) - Business, on 2020-11-05 16:27)
China recently announced a $1 billion loan program for Latin American and Caribbean countries to access China’s prospective COVID-19 vaccine.
(From The Diplomat, on 2020-11-05 14:48)
The European Union’s executive commission on Thursday lowered its growth forecast for the economic rebound from the coronavirus pandemic next year and said the economy wouldn’t reach pre-virus levels until 2023.
(From The Hindu - International, on 2020-11-05 12:14)
Delhi’s strict coronavirus lockdown has almost entirely lifted, however, and government efforts to revitalise the economy with heightened commercial activity could lead to some “terrible days” for air quality by December, he said.
(From The Independent, on 2020-11-05 14:52)
Modi said India has shown resilience in both fighting the novel coronavirus and reviving the economy, adding that sectors like agriculture and manufacturing are looking up.
(From ThePrint, on 2020-11-05 15:34)
Only 8 percent of the country's workforce has so far benefitted from the stimulus packages linked to the coronavirus pandemic, said the Centre for Policy Dialogue today, as it called for widening the support schemes.
(From The Daily Star - Headlines, on 2020-11-05 12:34)
As England entered its second national lockdown to slow the spread of the resurgent coronavirus pandemic, Britain’s central bank said it would increase monetary stimulus in the face of a renewed downturn in the economy as the government announced an extension of its furlough program through March.
(From NY Times - Business News, on 2020-11-05 14:10)
“We've stood with Victorian businesses and their workers every step of the way, with more than $6.5 billion in direct economic support to help make it through to the other side of the coronavirus crisis,” the spokesman said.
(From The Age - Latest News, on 2020-11-05 09:26)
Statements from 4 November 2020, at 1:52 PM
The ex-premier had raised concerns about a lack of data on the impact of the government's COVID decisions on the economy, mental health, domestic abuse and non-coronavirus treatments.
(From Sky News - Home, on 2020-11-04 16:00)
A vaccine is seen as a game-changer in the battle against the coronavirus, which has killed more than 1.2 million people worldwide, shuttered swathes of the global economy and turned normal life upside down for billions of people.
(From Malay Mail, on 2020-11-04 15:08)
The Federal Open Market Committee (FOMC) is not expected to address the election in its two-day regularly scheduled meeting, nor is it predicted to change interest rates that were slashed to near-zero earlier this year as the coronavirus pandemic ravaged the US economy.
(From Malay Mail, on 2020-11-04 15:31)
The ongoing trade dispute had hurt farmers and manufacturers and was a drag on the economy even before the coronavirus crisis severely disrupted global trading patterns.
(From Market Watch - Breaking News, on 2020-11-04 13:36)
NBC's early exit polls show that 34% of voters nationwide rated the economy as the issue that mattered most to their vote, followed by racial inequality with 21%, the coronavirus pandemic at 18% and tied for fourth at 11%, health care and crime and safety.
(From North Jersey - News, on 2020-11-04 08:17)
The recovery in Britain's service sector slowed sharply in October as a surge in coronavirus cases and new restrictions knocked the economy.
(From This is Money UK, on 2020-11-04 16:11)
"The government should remind people of what is important – social distancing and washing hands regularly – and then warn those who are most vulnerable to coronavirus – people over 70, ethnic minorities, those with underlying health conditions and those who are obese – and then let people manage their own risk, and keep the economy going."
(From Bradford Telegraph and Argus | News, on 2020-11-04 13:01)
The country is set to be the only major economy to grow this year after largely bringing the epidemic under control, following its emergence in the central city of Wuhan last year.
(From Straits Times - Business, on 2020-11-04 13:52)
Locals are equally divided over the coronavirus, with five out of 10 residents saying containing the pandemic is vital, even if it hurts the economy.
(From Deutsche Welle, on 2020-11-04 00:22)
OPEC+ may consider deeper oil cuts if coronavirus lockdowns squeeze global economy: sources
(From S&P Global Platts - Oil, on 2020-11-03 18:53)
That could bolster the economy, fueling consumer spending and cushioning growth even as coronavirus cases surge again.
(From NY Times - Business News, on 2020-11-04 13:57)
Online lies and misinformation surge on Election Day Preliminary exit polls showed about a third of voters said the economy was the most important issue in their vote, while roughly 2 in 10 listed the coronavirus or racial inequality.
(From Washington Post - Politics, on 2020-11-04 12:21)
Foreign investment applications in Thailand amounted to 118.5 billion baht in January-September, down 29% from a year earlier, as investors were deterred by the coronavirus pandemic, an investment agency said on Wednesday.
(From Bangkok Post - World, on 2020-11-04 07:43)
"But there is a set of strategic investors keen to buy any major dips in gold and “there’s still a lot of uncertainty ahead for the global economy in terms of rising virus cases and fresh lockdowns,” Barot said.
(From News18 - Business, on 2020-11-04 07:16)
Before the coronavirus crisis, President Trump regularly hailed stock market gains as evidence that the US economy was motoring on his watch The rally came as investors bet on a clear victory for challenger Joe Biden on the back of a 'blue wave' of votes in which the Democrats seize both the Senate and the House of Representatives – bringing Donald Trump's presidency to an end after one four-year term.
(From This is Money UK, on 2020-11-03 23:15)
While Texas was not hit as hard as some other states early in the coronavirus pandemic, it had a grim summer, as cases and hospitalisations hit new highs following a controversial decision to reopen the state’s economy.
(From The Independent, on 2020-10-30 19:18)
Half the voters said it was more important to contain the coronavirus even if it hurts the economy, according to the exit poll.
(From Arab News - World, on 2020-11-03 19:55)
"We've got no (coronavirus) cases, our economy's going to boom," Cr Wegener said.
(From sunshinecoastdaily.com.au, on 2020-11-03 14:00)
Statements from 2 November 2020, at 7:02 PM
Senate Majority Leader Mitch McConnell said recently that Americans can expect a new coronavirus stimulus bill at the beginning of 2021 - but not immediately following the election.
(From The US Sun, on 2020-11-02 22:26)
Starbucks’ entry into the frontier economy of Laos comes as the company’s recovery in same-store sales and operating margin have been squeezed by surges in coronavirus cases in the United States and Europe.
(From Bangkok Post - Business, on 2020-11-02 12:21)
China’s success in recovering from the pandemic-induced recession faster than other major economies has not eliminated the uncertainties surrounding China’s growth outlook.
(From Carnegie Endowment, on 2020-10-29 06:57)
The International Monetary Fund on Monday warned Group of 20 major economies that the coronavirus crisis is not over and called on the United States, Britain and other countries to increase the amount of fiscal spending currently planned.
(From The Globe and Mail - Business, on 2020-11-02 15:48)
In retail, a spike in coronavirus cases is adding fuel to the digital-first economy as merchants and restaurants have upped their game instead of being caught flat-footed as they were at the beginning of the pandemic.
(From PYMNTS.com, on 2020-11-02 16:00)
Once the virus is raging out of control, the government won't have to order a lockdown — people will lock themselves down, and take the economy with them.
(From The Week, on 2020-11-02 10:55)
Both men said they generally support Caldwell’s tiered approach to reopening the island back up to specific businesses and activities but said they’d push for more free coronavirus testing and contact tracing more quickly, expand worker training programs and take steps to create a more diversified economy.
(From Honolulu Star-Advertiser, on 2020-11-02 10:05)
Fauci, whos on the White House coronavirus task force, said that perspective emphasizes the economy and reopening the country.
(From News18 - World News, on 2020-11-02 06:27)
But overall, the coronavirus pandemic and economic collapse have had dire effects on global economies.
(From Fast Company, on 2020-11-02 08:00)
As his election plan shifted from Plan A – to run on the economy – to Plan B – wishing away the coronavirus – Trump has unleashed the hounds," – his anti-China attack dogs including Secretary of State Mike Pompeo and trade adviser Pete Navarro.
(From The Age - Latest News, on 2020-11-02 13:10)
With the Chinese economy consistently growing through the second half of 2020 and Europe and the US grappling with exponentially growing cases of COVID-19 amid new lockdowns, the gap in performance between the luxury market in China and the rest of the world is dramatically widening.
(From Jing Daily, on 2020-11-02 10:00)
The big four bank has provided $64.8 billion in loan deferral packages since the first wave of the coronavirus pandemic in March and Mr King said he expected the "focus on deferrals" will pass come January.
(From The Sydney Morning Herald - Business, on 2020-11-02 05:15)
Melburnians fled the city after the first coronavirus lockdown, seeking refuge in regional Victoria, Queensland and even Sydney in a demographic shift that could weigh on the city's economy for years.
(From The Sydney Morning Herald - Federal Politics, on 2020-11-02 00:55)
A resurgence in coronavirus cases in America and Europe and uncertainty surrounding stimulus in the US are expected to limit gains in the near term.
(From Straits Times - Business, on 2020-11-01 21:00)
Activity in China's factory sector accelerated at the fastest pace in nearly a decade in October as domestic demand surged, a private business survey showed on Monday, adding further momentum to an economy that is quickly recovering from the coronavirus crisis.
(From Straits Times - Business, on 2020-11-02 05:06)
China's vast industrial sector is steadily returning to the levels seen before the pandemic paralysed huge swathes of the economy early this year, though the global outlook is dimming as many Western countries battle still rising Covid-19 infections and go back into virus lockdowns.
(From Straits Times - Business, on 2020-11-02 05:06)
I hope our spending can reach its maximum point," Jokowi told a cabinet meeting broadcast live, underlining how state spending is a critical driver for an economy hit by the coronavirus outbreak.
(From Straits Times - Business, on 2020-11-02 08:12)
“It’s clear to me that the Government made the choice to put people’s health and the health concerns of the nation second and listened to Tory right-wing MPs and people arguing about the economy.
(From The London Economic, on 2020-11-01 13:43)
The blaze of opinions over the timeline for another stimulus package came during a week in which the US broke a single-day record of over 99,000 new coronavirus cases and increased hospitalizations.
(From CNET, on 2020-11-02 03:00)
Oil prices hit five-month lows and shares extended losses on Monday on worries about global demand as many economies slid back into coronavirus-induced lockdowns while upcoming US presidential elections led to heightened caution.
(From The Jakarta Post, on 2020-11-02 01:48)
Mr. Yediyurappa said the government was ably handling the outbreak that had impacted industries, economy, education and working class people.
(From The Hindu - National, on 2020-11-02 04:27)
Statements from 28 October 2020, at 11:21 AM
The German economy likely grew by around 6% in the third quarter but the recovery from the coronavirus crisis seen over the summer will probably slow as a second COVID-19 outbreak hits Europe’s biggest economy, the DIW institute said on Wednesday.
(From News18 - Business, on 2020-10-28 09:42)
The Dow Jones Industrial Average dropped 943 points as surging coronavirus cases in the US and Europe threaten more business shutdowns and pain for the economy.
(From The Sydney Morning Herald - Latest News, on 2020-10-29 01:46)
On surveys of voters’ top issues, the coronavirus itself regularly polls near or behind perennial top issues like the economy and health care ― both of which, of course, have been severely affected by the pandemic.
(From Huffington Post, on 2020-10-28 23:15)
Billions of people are in countries that do not have the necessary infrastructure to maintain the cold chain for either existing vaccines or more conventional coronavirus candidates, it said.
(From Taipei Times, on 2020-10-29 00:00)
If consumers receive another round of stimulus checks and physical stores are again shut down in large parts of the country to address further coronavirus outbreaks, the figures could go even higher.
(From TechCrunch, on 2020-10-28 20:40)
“The economy is a huge, huge concern,” he said, even though “there’s been a little bit of spread around” of coronavirus.
(From Online Citizen Asia, on 2020-10-28 06:19)
If he is reelected, Rouda said, he will continue addressing the coronavirus response, bringing the economy back and tackling climate change and off-shore drilling.
(From LA Times - California, on 2020-10-28 12:00)
Expectations that congressional Democrats and the White House would strike a spending deal before the Nov. 3 election had helped lift the S&P 500 early in the month, but with those talks stalled and coronavirus cases reaching a new peak, the American economy is left to face the pandemic without the reassuring flow of federal dollars to prop up small businesses and consumer spending.
(From NY Times - Business News, on 2020-10-28 20:31)
Concerns are growing about the impact the coronavirus pandemic could have on the global economy during the winter months ahead.
(From Sky News - Business, on 2020-10-28 09:22)
Moreover, the global coronavirus epidemic didn’t spare Syria and drained the already weakened economy even more.
(From Modern Diplomacy, on 2020-10-28 10:00)
The coronavirus has hit spending in Africa this year and in particular hampered economies that either export raw commodities or depend on tourism, as the pandemic stymied global economic activity.
(From The Standard - Business, on 2020-10-28 11:30)
Polling by the Pew Research Center this month found that two-thirds of Hispanic registered voters were confident in Mr Biden to tackle major issues facing the US, including the coronavirus outbreak, the economy and healing divisions within the country.
(From The Independent, on 2020-10-28 12:45)
Statements from 28 October 2020, at 11:21 AM
King Al-Sultan Abdullah said next year’s budget is vital in helping the public manage the effects of the coronavirus and restore the economy.
(From Arab News - World, on 2020-10-28 08:06)
Japanese Prime Minister Yoshihide Suga will announce next week a plan for fresh stimulus to help the recession-stricken economy shake off the coronavirus crisis, four government and ruling party sources with direct knowledge of the matter said.
(From News18 - World News, on 2020-10-28 06:54)
But Merkel warned on Tuesday that Germany’s health system could hit breaking point if coronavirus infections continue to spiral and Economy Minister Peter Altmaier said Germany was likely to reach 20,000 new infections a day by the end of the week.
(From News18 - World News, on 2020-10-28 07:22)
Meanwhile, Zamora said PRC’s molecular laboratory would resume the aggressive mass testing in the city after the organization halted its government-funded coronavirus testing last Oct. 15 due to PhilHealth’s failure to pay its P1 billion worth of debt.
(From Inquirer Philippines, on 2020-10-28 09:39)
Sri Lanka’s economy, especially the tourism sector, has been hit hard since last year - initially by the Easter Sunday attacks, which killed over 250 people and later by the ongoing coronavirus pandemic.
(From The Hindu - International, on 2020-10-28 09:32)
Dutch brewing giant Heineken said today net profit in the nine months to September plunged 76 per cent to €396 million (RM1.9 billion) and restructuring was needed to offset the “significant impact” of the coronavirus.
(From Malay Mail, on 2020-10-28 10:22)
Demand for GE’s products remains under pressure amid a global economy slowed by the coronavirus outbreak.
(From Malay Mail, on 2020-10-28 11:51)
He also announced a €5bn (£4.5bn) package of support for businesses hit by the new restrictions, in an effort to balance the health impact of coronavirus with its devastating effect on the economy.
(From Sky News - World, on 2020-10-27 20:25)
China is a “bright spot in our revenues,” Bonfield said, adding the world’s second-largest economy led a 1 percent year-on-year increase in construction machine sales in Asia-Pacific in the latest quarter.
(From Arab News - Economy, on 2020-10-27 21:12)
Spain has said that it wants to use all €140 billion that the EU earmarked from its massive coronavirus recovery fund to create 800,000 jobs over the next three years.
(From Arab News - Economy, on 2020-10-27 21:41)
“This election is a matter of economic survival for Michigan,” the president said, arguing that the state’s economy was strong before the coronavirus pandemic hit.
(From The Federal News Network, on 2020-10-28 01:38)
"China is the only major economy in the world to emerge from the coronavirus crisis relatively unscathed," Jörg Zeuner, chief economist at Union Investment, is quoted as saying in the Frankfurter Allgemeine Zeitung daily.
(From Deutsche Welle, on 2020-10-27 20:38)
The outlook for the United States economy has dimmed in the run-up to the presidential election, according to a Reuters poll which showed that a recent resurgence in novel coronavirus cases ran a high risk of halting the economic recovery.
(From The Jakarta Post, on 2020-10-28 03:40)
In a note released this afternoon, the agency said this month's budget - which also projects total gross debt to hit $1.7 trillion early next decade - reflected the challenges facing all countries because of the coronavirus pandemic.
(From The Sydney Morning Herald - Business, on 2020-10-27 21:30)
On Monday, the three major US stock indexes posted their biggest declines in about four weeks on a record number of new coronavirus cases in the United States and some European countries, and as the elusive stimulus rattled investors.
(From Straits Times - Business, on 2020-10-27 21:53)
The president said he would send the proposal to congress at a later date, but the plan already drew criticism from business groups that claim the change would further harm Mexico’s economy precisely when it is still reeling from the effects of the coronavirus pandemic.
(From CityNews Toronto, on 2020-10-28 01:10)
Chicago’s top public health official talked about the rising cases in Chicago and the steep toll it could take on people’s health, along with the economy.
(From Chicago Tribune - News, on 2020-10-27 22:36)
Bangladesh received at least $4 billion in fresh aid commitment since March following the outbreak of the coronavirus.
(From The Daily Star - Headlines, on 2020-10-27 18:00)
Concerns about rising coronavirus cases in Europe and the United States and an impasse over fresh economic stimulus had pushed the S&P 500 index nearly 2 percent lower on Monday.
(From NY Times - Business News, on 2020-10-27 22:26)
A third surge of coronavirus cases has taken hold in the United States, and lawmakers in Washington are mired in fights about the terms of additional stimulus.
(From NY Times - Business News, on 2020-10-27 18:52)
Let’s assume that the most important thing we can do in the health care realm, to help the economy and also the American health care system, is to stop the coronavirus.
(From Slate, on 2020-10-27 21:42)
Congress left Washington until after the election without passing any new economic or health care relief measures even as the coronavirus pandemic surges and the economy sputters.
(From Washington Post - Politics, on 2020-10-27 18:27)
With coronavirus cases easing in Singapore, the city-state has been working on re-establishing travel links to help reboot its economy and aviation industry.
(From IOL - Travel, on 2020-10-27 13:31)
The slump in fortunes across banking, oil and leisure underlined the widespread impact of the coronavirus outbreak on the economy.
(From This is Money UK, on 2020-10-27 23:27)
The coronavirus health crisis will cause Cambodia’s economy to contract for the first time in decades this year while independent forecasts suggest a less than rapid recovery in 2021.
(From Asia Times, on 2020-10-27 10:16)
After almost a year of living with the virus with no end in sight, most countries are finding that they need to find a new balance between risks to health and economy.
(From Channel News Asia - Asia, on 2020-10-27 22:10)
“Gold’s outlook will remain very bullish if Election Day delivers a ‘blue wave’ that signals massive stimulus on coronavirus relief and infrastructure spending,” Edward Moya, senior market analyst at OANDA, said in a note.
(From News18 - Business, on 2020-10-27 16:30)
While Mr Biden rarely travels to more than one state per day, the president has maintained a whirlwind schedule, crisscrossing the country and making the argument that he built a booming economy before the coronavirus pandemic upended it.
(From WalesOnline, on 2020-10-27 16:04)
British energy giant BP on Tuesday reported a net loss of US$450 million (RM1.87 billion) for the third quarter, down very sharply on the previous quarter's mammoth losses due to the coronavirus pandemic.
(From The Sun Daily (Malaysia) - Business, on 2020-10-27 16:01)
A spokesperson for the Department for Business, Energy and Industrial Strategy said: 'The Green Homes Grant will give the economy an immediate boost as we build back better from coronavirus, creating tens of thousands of jobs, cutting people's energy bills and reducing carbon emissions.'
(From This is Money UK, on 2020-10-27 14:09)
Why wouldn’t I expect that an airline based in a country of 1 billion without a virus outbreak would have more volume than an airline based in a country of 300 million with a virus outbreak?
(From View from the Wing, on 2020-10-27 16:34)
Ben Jones, a CBI economist, said: “The fall in retail sales in October is a warning sign of a further loss of momentum in the economy as coronavirus cases pick up and restrictions are tightened across many parts of the country.” He warned retailers faced a difficult Christmas trading period.
(From Guardian - Business, on 2020-10-27 16:45)
Statements from 26 October 2020, at 9:57 AM
A vaccine that works is seen as a game-changer in the battle against the coronavirus, which has killed more than 1.15 million people, hammered the global economy and shuttered normal life across the world.
(From Channel News Asia - Latest News, on 2020-10-26 09:01)
Governments are struggling to balance new restrictions against the need to revive economies already battered by earlier draconian lockdowns after the virus first emerged in the Chinese city of Wuhan late last year.
(From France24 (English), on 2020-10-25 21:42)
As the coronavirus pandemic has battered the country's economy to its worst level in the postwar era, Suga said, "We will absolutely prevent the explosive spread of infections and protect the lives and health of the people, and resume social and economic activities to revive the economy."
(From Kyodo News, on 2020-10-26 05:27)
China has been pursuing a strategy of "dual circulation" in which the domestic economy of more than 1.4 billion people makes it less reliant on exports and imports as global tensions rise due to the coronavirus.
(From The Sydney Morning Herald - Latest News, on 2020-10-26 06:37)
The meeting this year comes as China's economy is recovering from the virus outbreak, as life in most Chinese cities has returned to normal.
(From BBC News - World, on 2020-10-26 04:15)
Pence’s chief of staff and other key aides test positive for the coronavirus. House Speaker Nancy Pelosi said Sunday she was expecting White House offer on a coronavirus stimulus deal on Monday.
(From Market Watch - Top Stories, on 2020-10-25 17:49)
Global share markets mostly fell over the last week being buffeted again by waxing and waning fiscal stimulus prospects in the US and ever rising numbers of new coronavirus cases.
(From Switzer Daily, on 2020-10-25 22:12)
A resurgence in coronavirus cases and a pandemic-battered economy has also added to his woes.
(From Al Jazeera English, on 2020-10-25 16:12)
“The other economy with momentum on its side at present is Western Australia, benefiting from faster population growth, solid mining activity and success at suppressing coronavirus cases,” he said.
(From The Sydney Morning Herald - National, on 2020-10-26 00:52)
“As I said before, I will shut down the virus, not the economy,” Biden said in Bucks County.
(From Huffington Post, on 2020-10-25 12:43)
Spokane leaders are happy to have gotten an earlier start on the city budget this year, and they’ll need it, as the City Council and Mayor Nadine Woodward look to navigate an economy roiled by the coronavirus and reconcile their respective priorities for spending in 2021.
(From Spokesman.com: Latest stories, on 2020-10-25 11:00)
“The transmission of the virus will definitely slow down even if we open more of the economy; thus, this will allow more people to go back to work and generate more income, and bring back our strong momentum in reducing poverty and malnutrition,” Lopez said.
(From Business Mirror Philippines, on 2020-10-25 19:02)
But the country’s economy has been hit hard by the coronavirus pandemic and many have lost their jobs, leading some families to allow their children to work to bring in anything they can.
(From East Idaho News, on 2020-10-25 14:30)
The actions are planned at a time when the Polish government is struggling to contain escalating coronavirus cases and anger over restrictions that are harming the economy.
(From The Globe and Mail - World, on 2020-10-25 18:11)
The UK Culture Ministry have made £1.57 billion available in grants and loans to the culture sector — reaching people from independent artists to heritage and theater organisations in a bid to mitigate the impact of the coronavirus pandemic.
(From Deutsche Welle, on 2020-10-25 16:10)
It's therefore no surprise that the country started reporting monthly losses of about $1 billion following coronavirus-related shutdowns in March, according to a report by Reuters.
(From Business Insider, on 2020-10-25 12:34)
Meanwhile 63-year-old Edgar Lungu hopes to hang on to the presidency he has held since 2015, even as the global coronavirus pandemic hammers the commodity prices that prop up Zambia's mining-heavy economy.
(From The Standard - World News, on 2020-10-25 11:35)
National Task Force (NTF) Against Covid-19 Deputy Chief Implementer and Testing Czar Vince Dizon said the public should learn to live with the virus as the country plans to gradually and safely reopen the economy.
(From Philippine News Agency, on 2020-10-25 16:41)
Beijing – As the world’s second-largest economy has shown signs of a V-shaped recovery from the coronavirus outbreak, China’s ambition to set up a mega economic zone involving its territory Hong Kong has created a ripple among Beijing watchers.
(From Japan Times - Top Stories, on 2020-10-24 17:00)
The Morrison government is expected to reveal plans for the dole at the mid-year budget update in December, ahead of the scheduled end to the $250-a-fortnight coronavirus supplement currently being paid to about 1.4 million people, after analysing data on the jobs market and the economy.
(From The Age - Latest News, on 2020-10-24 13:00)
Unemployment in the south runs double or even higher than in the productive north, and the country’s economy, already sluggish before the pandemic struck in late winter, risks being crippled by another lockdown like the nationwide one the central government placed the country under for some 10 weeks early in the COVID-19 outbreak.
(From The Age - Latest News, on 2020-10-24 09:59)
At the end of June, the quarterly output of the Australian economy was about 92 per cent of what it would have been if growth had continued as normal, uninterrupted by the coronavirus outbreak.
(From The Age - Latest News, on 2020-10-24 12:01)
What chance might Democrats have of actually passing a comprehensive health care package that includes federal funds for battling the coronavirus, expanding the ACA to insure 97% of Americans or implementing an aggressive stimulus package of small-business loans, a higher minimum wage, student loan forgiveness and more stimulus checks?
(From Kiplinger's Personal Finance, on 2020-10-24 09:35)
Statements from 21 September 2020, at 10:48 PM
Stock markets fell sharply, then rebounded somewhat, Monday as rattled investors braced for further roadblocks in fiscal stimulus talks, took in disappointing developments on the coronavirus front and weighed the implications of an explosive news report on global banks.
(From Washington Post - Business, on 2020-09-21 08:16)
Markets also tumbled across the world amid the continuing coronavirus pandemic and its effect on the global economy.
(From Evening Standard - Business, on 2020-09-21 20:46)
Many economists are concerned the expiry of the small business lending and additional unemployment insurance payments authorised as part of the coronavirus-related aid will force people to burn through those extra savings, crimping the economy moving forward.
(From The Sun Daily (Malaysia) - Business, on 2020-09-21 17:22)
However, the Sweet Tomatoes/Souplantation chain, which relied totally on a buffet model, said it wouldn’t be able to survive the coronavirus economy and permanently closed all 97 locations.
(From The Mercury News, on 2020-09-21 22:26)
The Cboe Volatility Index, known as "Wall Street's fear gauge," hit its highest level in nearly two weeks as concerns over waning fiscal stimulus and the long-term economic consequences of the coronavirus pandemic took the S&P 500 down to a seven-week low on Monday.
(From Channel News Asia - Latest News, on 2020-09-21 19:51)
Layered on top of all those concerns for the market is the continuing coronavirus pandemic and its effect on the global economy.
(From WNYT, on 2020-09-21 21:01)
Political pressure grew Monday for European governments to tackle the rising number of coronavirus case without resorting to a spring-style lockdown that would hit the continent’s struggling economies.
(From Spokesman.com: Latest stories, on 2020-09-21 13:29)
Wall Street's main indexes slid to seven-week lows on Monday (US time), with the S&P 500 and Dow each tumbling more than 2 per cent at one stage in the session, as concerns about fresh coronavirus-driven lockdowns in Europe raised fears the US economy faces a longer road to recovery than expected.
(From The Sydney Morning Herald - Business, on 2020-09-21 19:25)
Investors have been encouraged by central bank infusions of credit into struggling economies and hopes for a vaccine to end the coronavirus pandemic that plunged the global economy into its deepest downturn since the 1930s.
(From CBSNews.com - Headlines, on 2020-09-21 18:03)
“The trajectory and pace of the recovery will hinge on the development of the Covid-19 [coronavirus 2019] pandemic, the recovery of global economy and policy responses,” he added.
(From Business Mirror Philippines, on 2020-09-21 16:04)
China, where the coronavirus began, was also missing on the list of 64 rich nations who joined the so-called COVAX plan to deliver 2 billion vaccine doses round the world by the end of 2021, prioritising healthcare workers and the vulnerable.
(From The Sydney Morning Herald - World, on 2020-09-21 17:17)
The head of the European Central Bank says that the economy is rebounding but that the recovery remains uncertain, incomplete and dependent on containing the virus outbreak.
(From The Globe and Mail - Business, on 2020-09-21 17:40)
While about one-third of Florida voters said the economy was their leading issue in the presidential campaign, Democrats were seven times more likely than Republicans to cite the coronavirus outbreak as their top issue, according to a KFF and Cook Political Report survey of three Sun Belt states released Thursday.
(From Kaiser Health News, on 2020-09-21 09:00)
The head of the European Central Bank says that the economy is rebounding but that the recovery remains uncertain, incomplete and dependent on containig the virus outbreak.
(From News18 - World News, on 2020-09-21 13:36)
Because of the coronavirus pandemic, the tourism sector has suffered a loss of 460 billion dollars (388 billion euros) from January to June, the World Tourism Organization reported in Madrid.
(From Deutsche Welle, on 2020-09-21 11:18)
Pakistan’s central bank held its benchmark policy rate at 7% on Monday, saying the economy looked set to pick up due to the lifting of lockdown restrictions aimed at curbing the coronavirus pandemic though risks remained.
(From News18 - Business, on 2020-09-21 13:19)
Despite the steady increase in cases, the government has continued to relax virus restrictions in order to help an economy that contracted 24% in the second quarter.
(From The Federal News Network, on 2020-09-21 12:32)
Stock-index futures pointed to a sharply lower start for Wall Street on Monday, joining in a global selloff tied to a jump in COVID-19 cases in Europe, a news report alleging major global banks continued doing business with customers suspected of wrongdoing, and the lack of progress toward another round of fiscal stimulus out of Washington.
(From Market Watch - Top Stories, on 2020-09-21 12:18)
Gold has surged about 29% this year as governments and central banks worldwide released unprecedented global stimulus measures to revive their economies from coronavirus-induced slump.
(From News18 - Business, on 2020-09-21 04:22)
India's famed Taj Mahal and some schools reopened on Monday as authorities pressed ahead with kickstarting the nation's coronavirus-battered economy despite soaring infection numbers.
(From France24 (English), on 2020-09-21 07:40)
Statements from 14 September 2020, at 9:51 PM
China's largest corporation is in talks to invest US$3 billion into Singapore-based ride-hailing giant Grab, Bloomberg News reported on Monday.
(From Straits Times - Business, on 2020-09-14 20:36)
Cathay Pacific Airways is still burning through as much as HK$2 billion (S$352 million) a month and will continue to do so until the market recovers from the coronavirus crisis, the carrier said yesterday as it reported dismal August traffic figures and reiterated the need to restructure.
(From Straits Times - Business, on 2020-09-14 21:00)
Persistent damage to the global economy from the coronavirus pandemic will hollow out demand for oil more than previously thought, major industry figures said on Monday (UK time).
(From The Age - Latest News, on 2020-09-14 21:23)
The new leader, who has been a loyal supporter of Mr Abe, said his main priorities would be fighting the coronavirus pandemic and turning around Japan’s battered economy.
(From The Independent, on 2020-09-14 17:07)
Moreover, he said, as the local market remains awash in liquidity and Taiwan's economy has been ascending from a low caused by the spread of the virus, "it is not necessary for the central bank to lower interest rates and pump in more funds at the moment."
(From Focus Taiwan, on 2020-09-14 12:32)
With further legislative hurdles to come, analysts said the danger was less a quick defeat than a gradual leaching away of support that could leave Mr. Johnson weakened at a time when his government is battling a resurgence of the coronavirus and the effects of a lockdown-ravaged economy.
(From NY Times - World News, on 2020-09-14 17:43)
The BoE had been due to hold a regular £1.5 billion buy-back of British government bonds on Monday as part of its programme to help the economy cope with the coronavirus shock.
(From The Sun Daily (Malaysia) - Business, on 2020-09-14 16:45)
German economic recovery to continue in H2, Q3 to show strong growth: ministry. Europe’s largest economy is set to continue recovering from the coronavirus crisis in the remainder of 2020 and will likely grow strongly in the third quarter but it probably will not reach its pre-crisis level until 2022, the German Economy Ministry said.
(From News18 - Business, on 2020-09-14 17:45)
The fires consuming the forests of California and Oregon and darkening the skies over San Francisco and Portland are also damaging an economy already struggling with the coronavirus outbreak.
(From News18 - Business, on 2020-09-14 18:27)
It comes as the Government campaigns to get more Britons back to the office in a bid to kick-start city centre economies that have been crippled by the coronavirus pandemic.
(From Evening Standard - Business, on 2020-09-12 13:50)
After a five-month absence, Indian lawmakers returned to Parliament on Monday with the government’s response to the coronavirus pandemic, the nosediving economy and simmering tensions with China setting the stage for a turbulent session.
(From The Globe and Mail - World, on 2020-09-14 12:29)
It includes laying out measures to revive an economy that shrank by nearly 24 per cent in the last quarter, the most of any major country, and trying to stop a virus surge worsened by a weak and underfunded health care system.
(From The Globe and Mail - World, on 2020-09-14 12:29)
The lack of another stimulus bill to bridge the coronavirus slump could also stifle a market rally, the strategists said.
(From Business Insider, on 2020-09-14 17:28)
Prime Minister Benjamin Netanyahu on Sunday announced a new countrywide lockdown will be imposed amid a stubborn surge in coronavirus cases, with schools and parts of the economy expected to shut down in a bid to bring down infection rates.
(From CBSNews.com - Health, on 2020-09-14 16:16)
The damage to the world’s major economies from coronavirus lockdowns has been more than four times more severe than the 2009 global financial crisis, and created an “unprecedented” blow to growth in the second quarter in almost every country except China, where the virus was first detected, the Organization for Economic Cooperation and Development said Monday.
(From NY Times - Business News, on 2020-09-14 16:03)
Statements from 13 September 2020, at 8:18 PM
Canada's government is on track to run up the highest budget deficit since World War Two as it tackles the coronavirus outbreak and Prime Minister Justin Trudeau will on Sep 23 outline major measures to revive the economy.
(From Channel News Asia - Business, on 2020-09-13 18:02)
What was key, and requires the country’s attention, they said, was the revival of the economy post-coronavirus.
(From People Daily Kenya, on 2020-09-13 21:00)
Israeli Prime Minister Benjamin Netanyahu on Sunday announced a new countrywide lockdown will be imposed amid a stubborn surge in coronavirus cases, with schools and parts of the economy expected to shut down in a bid to bring down infection rates.
(From The NY Post, on 2020-09-13 21:26)
Meanwhile, the country's real estate sector is expected to survive the coronavirus fallout without too much harm as instalment collection on previous sales started to pick back up after the economy reopened in June, according to various realtors and financiers.
(From The Daily Star - Business, on 2020-09-13 18:00)
So while the government is pulling some levers it pulled to spur economic activity during the financial crisis — like encouraging infrastructure investment — China&aposs central bank, The People&aposs Bank of China, has said it sees no need for additional emergency stimulus in 2020.
(From Business Insider, on 2020-09-13 12:26)
Israeli Prime Minister Benjamin Netanyahu on Sunday announced a new countrywide lockdown will be imposed amid a stubborn surge in coronavirus cases, with schools and parts of the economy expected to shut down in a bid to bring down infection rates.
(From France24 (English), on 2020-09-13 18:10)
The new measure was approved after cases of COVID-19 spiked in recent weeks, and amid criticism of Israeli Prime Minister Benjamin Netanyahu's handling of the virus and the economy.
(From The Sydney Morning Herald - Latest News, on 2020-09-13 18:57)
As the state recorded another 41 cases of coronavirus and seven further deaths on Sunday, Victorian Premier Daniel Andrews used his daily press conference to announce a $3 billion support package for local businesses.
(From The New Daily, on 2020-09-13 12:00)
Gold prices have jumped 30% this year to roughly US$2,000 (RM8,300) an ounce as central banks dial up stimulus measures in response to the coronavirus pandemic.
(From The Sun Daily (Malaysia) - Business, on 2020-09-13 14:29)
For an overwhelming number of them, the president headed off an even-worse outbreak and is doing all he can against it today; his policies are helping the economy recover, and it can recover even if the virus isn't contained.
(From CBSNews.com - USA, on 2020-09-13 14:30)
Citing the reasons, Srivastava said the sharp slowdown in the Indian economy during the quarter ended June 2020 dented investor sentiments and FPIs preferred to stay on the sidelines also because of weak global cues and rising border tension between India and China.
(From News18 - Business, on 2020-09-13 12:24)
The city received the funds April 23 as part of the state’s $1.25 billion allocation from a $150 billion Coronavirus Relief Fund established in the CARES Act.
(From Honolulu Star-Advertiser, on 2020-09-13 10:05)
Hawaii is at a critical crossroads in reining in the coronavirus that has killed nearly 100 and sickened more than 10,500 statewide, wreaking havoc on the economy and leaving thousands of residents jobless.
(From Honolulu Star-Advertiser, on 2020-09-13 10:05)
She is among at least 21.5 million people in Taiwan who have cash vouchers that can be used to purchase a wide range of goods and services, under a government program to invigorate the economy hit by the coronavirus outbreak.
(From Inquirer Philippines, on 2020-09-13 08:14)
Japan's Chief Cabinet Secretary Yoshihide Suga, who is set to become prime minister this week, said on Sunday there was no limit to the amount of bonds the government can issue to support an economy hit by the coronavirus pandemic.
(From The Daily Star - Headlines, on 2020-09-13 05:55)
“Because … based on the way that we were treated we’re probably entitled to another four after that.” Trump demanded local governments reopen their economies and their schools for in-person learning, even as new cases pop up among students across the country, and promised a coronavirus vaccine would come by year’s end.
(From The NY Post, on 2020-09-13 05:26)
Stocks and currencies from wealthier developing nations are outperforming their poorer peers amid the coronavirus outbreak, magnifying the gap between the "haves" and "have-nots" of the global economy.
(From Straits Times - Business, on 2020-09-12 21:00)
The Coronavirus Disease 2019 (Covid-19) pandemic has brought to light many unforeseen vulnerabilities faced by countless industries and global supply chains, including exposing the wide gap between staying connected to ensure industries and economies continue to function.
(From Borneo Post, on 2020-09-12 16:05)
Under the Coronavirus Aid, Relief, and Economic Security Act, each state receives a minimum $1.25 billion for addressing the impact of the health pandemic.
(From WVU MetroNews - News, on 2020-09-11 13:10)
He said that while daily new cases have come down a bit — the daily average is down 16% from the average two weeks earlier — he said it was still an “extraordinarily unacceptable baseline” when considering the economy is reopening.
(From Market Watch - Breaking News, on 2020-09-11 17:04)
Statements from 8 September 2020, at 11:26 PM
“China’s recovery is undoubtedly impressive, especially when compared to other major economies that remain mired in the pandemic,” Ting Lu, Nomura’s Chief China Economist said.
(From Asia Times, on 2020-09-08 12:47)
Japan's economy sank deeper into its worst post-war contraction in the second quarter as the coronavirus outbreak jolted businesses more than first thought, underscoring the daunting task the new prime minister faces in averting a steeper recession.
(From Straits Times - Business, on 2020-09-08 21:00)
There’s $31 billion for a coronavirus vaccine, $16 billion for virus testing and $15 billion to help child care providers reopen.
(From Honolulu Star-Advertiser, on 2020-09-08 18:45)
Senate Majority Leader Mitch McConnell said Tuesday that the Senate would vote on a "targeted" coronavirus relief package this week, but the legislation does not provide money for a stimulus check.
(From CBSNews.com - Headlines, on 2020-09-08 21:34)
JPMorgan Chase said Tuesday that a number of its employees and customers may have abused the Paycheck Protection Program and other coronavirus stimulus programs.
(From Star Tribune - Politics, on 2020-09-08 21:20)
The Gulf country is seeking to save money while facing a deficit of 14 billion dinars this fiscal year, which began on April 1, amid the twin shock of the oil price crash and coronavirus pandemic.
(From AlArabiya.net MRSS for section Business, on 2020-09-08 11:57)
South Africa’s economy shrank by more than half in the second quarter, an unprecedented decline, as the coronavirus pandemic took its toll on the continent’s most industrialised state, the statistics agency said Tuesday.
(From The Guardian Nigeria, on 2020-09-08 15:51)
The Sturgis motorcycle rally in South Dakota last month was a coronavirus “superpreading event” that cost public health agencies $12.2 billion, according to a new study by the IZA Institute of Labor Economics.
(From The Hill - All News, on 2020-09-08 16:01)
Bullion has risen 26% so far this year, after global central banks flooded markets with extraordinary stimulus to offset the economic damage inflicted by the coronavirus pandemic, as it is considered a hedge against inflation and currency debasement.
(From News18 - Business, on 2020-09-08 15:09)
President Cyril Ramaphosa said this decrease in GDP reflected the severe impact of the global coronavirus pandemic on the economy and should spur all South Africans to do all they can to help rebuild the economy.
(From IOL - Business, on 2020-09-08 15:26)
The Cabinet today (Sept 8) approved measures to create jobs, the prime minister said, as the government tries to revive an economy devastated by the coronavirus pandemic.
(From Phuket News, on 2020-09-08 10:55)
It also indicates the pandemic's limited impact on fundraising efforts for Southeast Asia's most valuable startup – worth US$14 billion, sources have said – even though its business in eight countries has suffered from coronavirus control measures.
(From The Sun Daily (Malaysia) - Business, on 2020-09-08 12:42)
Mr McCormack told this masthead the coronavirus pandemic was changing the case for new work on top of road and rail projects in the major cities as well as the $10 billion inland rail line from Brisbane to Melbourne.
(From The Sydney Morning Herald - Latest News, on 2020-09-08 14:00)
The oil producer, which averted a credit crunch in 2018 with a $10 billion aid package from its wealthy Gulf neighbors, raised $2 billion in May to bolster finances battered by low oil prices and the coronavirus crisis.
(From Arab News - Economy, on 2020-09-08 08:10)
In an interview after the Democratic National Convention, Joe Biden said he would consider shutting down the economy for a second time to prevent further spread of the coronavirus.
(From The Federalist, on 2020-09-08 10:05)
Suga, a favourite to succeed incumbent Prime Minister Shinzo Abe, who is stepping down due to poor health, also stressed that the biggest job for the new prime minister will be to revive the coronavirus-ravaged economy.
(From Malay Mail, on 2020-09-08 08:53)
Helm said: “Economies always evolve, if you look at Scotland there are particular sectors which are vulnerable to fundamental changes which go way beyond the coronavirus.
(From The National - Scotland, on 2020-09-08 08:51)
While he plans to adopt Abe's existing policies in areas from the economy to the coronavirus pandemic response, Suga said fertility treatment support would be one of his campaign promises.
(From Channel News Asia - Asia, on 2020-09-08 07:28)
Statements from 7 September 2020, at 9:09 PM
In the latest update to its 2020-2030 budget outlook, the Congressional Budget Office (CBO) said that it now projects a federal budget deficit of $3.3 trillion in 2020, “more than triple the shortfall recorded in 2019” as a result of the economic disruption caused by the 2020 coronavirus.
(From Strategic Culture Foundation, on 2020-09-07 19:19)
"I was blinded by the virus-driven market swings and lost 4.4 billion yen through repeated short-term trading of stocks, something I haven't familiarised myself with," the flamboyant Mr Maezawa said in his tweet posted on Sunday.
(From Straits Times - Business, on 2020-09-07 21:00)
Despite more than 2 million new cases in the past month and the novel coronavirus spreading through the country’s smaller towns and villages, the Indian government has continued relaxing restrictions to try and resuscitate the economy.
(From Taipei Times, on 2020-09-08 00:00)
During a Monday speech in La Crosse, Wisconsin, Pence talked about jobs, the economy and efforts to manufacture a safe vaccine for the coronavirus.
(From The Federal News Network, on 2020-09-07 21:29)
Global central banks have rolled out massive stimulus and slashed interest rates to near zero to counter the economic damage from the coronavirus, helping gold climb over 28 per cent this year.
(From The Daily Star - Business, on 2020-09-07 18:00)
Many factors would account for this: the degree of vulnerability to the virus; quality of health care; social customs; economic structure; extent of fiscal and monetary stimulus and support; degree of openness to the rest of the world; composition of major trading partners; and the nature and stringency of government-imposed restrictions on economic and social activity.
(From The Spectator Australia, on 2020-09-07 19:00)
India overtook Brazil as the country with the second highest number of confirmed coronavirus cases yesterday, even as key metro train lines re-opened as part of efforts to boost the South Asian nation's battered economy.
(From The Daily Star - Headlines, on 2020-09-07 18:00)
With all this in mind alongside the coronavirus, Brexit and its negative effect on Scotland’s economy, I still don’t understand why The National is publishing Westminster government information in this way, rather than a Scottish Government page of information on its economic input with the coronavirus in mind.
(From The National - Scotland, on 2020-09-07 17:30)
Saudi and Russian leaders have also discussed joint ways to overcome negative consequences of the coronavirus pandemic on the world economy and finances, the statement said.
(From S&P Global Platts - Oil, on 2020-09-07 15:04)
Global central banks have rolled out massive stimulus and slashed interest rates to near zero to counter the economic damage from the coronavirus, helping gold climb over 28% this year.
(From News18 - Business, on 2020-09-07 08:15)
World shares rose slightly on Monday after losing $2.3 trillion in the last two sessions in a technology stocks led rout as investors reassessed soaring valuations when the global economy is in a coronavirus-induced recession while oil prices dropped.
(From News18 - Business, on 2020-09-07 08:36)
The German economy is recovering from the coronavirus shock and will reach its pre-crisis size at the beginning of 2022 at the latest, Finance Minister Olaf Scholz told Reuters on Monday but he added more debt was needed to sustain the achieved progress.
(From News18 - Business, on 2020-09-07 16:03)
“The ever-increasing number cases of coronavirus on campus will create two major disruptions for the city of Tuscaloosa if left unabated,” Maddox said at the time, citing disruptions to the economy and the health care system.
(From The Daily Beast, on 2020-09-07 16:37)
The economy took an immediate hit when the state health officer ordered sweeping business closures during March and April in an effort to slow the spread of the virus so hospitals and medical staff didn’t get overloaded with virus cases.
(From Voice of OC, on 2020-09-07 14:29)
Exports to China contributed $169 billion to our economy in 2019 and will be critical to our recovery after coronavirus.
(From The Sydney Morning Herald - Latest News, on 2020-09-07 14:01)
China is the only major economy forecast to grow in 2020 and West China will be a major part of this growth.
(From The Sydney Morning Herald - Latest News, on 2020-09-07 14:01)
In commodity markets on Monday, world oil prices sank on stubborn concerns over the long-term energy demand outlook, as economies struggle to shake off coronavirus fallout.
(From Malay Mail, on 2020-09-07 11:54)
Statements from 4 September 2020, at 4:35 PM
As the pandemic escalated, Trump and other officials opted to close down much of the economy to keep people home to slow the spread of the deadly coronavirus.
(From Washington Post - Business, on 2020-09-05 14:40)
The coronavirus pandemic has devastated people’s livelihoods across the world, but many are clinging to the hope that the economy will recover.
(From AlArabiya.net MRSS for section Opinion, on 2020-09-05 14:27)
This shows that there are more people either back at work or looking to go back to work as the US economy continues to reopen from virus-related shutdowns earlier in the year.
(From Business Insider, on 2020-09-05 12:15)
Meanwhile, the White House has said House Speaker Nancy Pelosi is "standing in the way" of the stimulus checks and coronavirus relief.
(From The US Sun, on 2020-09-05 01:22)
"PM (Narendra) Modi who promised that we will defeat coronavirus in 21 days must explain why India failed when other countries seem to have succeeded," he said.In another tweet, Chidambaram also hit out at the Ministry of Finance for the state of the economy, saying it does not have "a word of explanation for the unprecedented negative growth in Q1 of 2020-21".
(From News18 - Politics, on 2020-09-05 08:29)
The move comes as Oyo, valued at $10 billion in its most recent fundraising round, has been forced to cut costs and rein in its expansionist strategy in global markets by reducing its hotel footprint and laying off employees after revenues took a hit from the coronavirus pandemic.
(From Gulf News - Business, on 2020-09-05 04:02)
This stance seems shockingly at odds with Abbott's implication that people at the other end of the life cycle who catch the coronavirus should be allowed to pass away because living in "health dictatorship" lockdown is too hard on the economy.
(From The Sydney Morning Herald - National, on 2020-09-05 06:00)
Joe Biden on Friday sought to remind voters that the country's economy remains in shambles for many because of the coronavirus, even as President Trump used better-than-expected August job numbers to claim that he is leading the country out of the worst economic crisis since the Great Depression.
(From Washington Post - Politics, on 2020-09-04 23:46)
The finance ministry on Friday said the country is witnessing a V-shaped economic recovery and attributed the steep 23.9 per cent contraction of the economy in the June quarter to “stringent lockdown” that was put in place to curb spreading of coronavirus infections.
(From News18 - Business, on 2020-09-04 16:07)
The coronavirus outbreak may deal another body blow to the struggling US economy.
(From Wall Street Pit, on 2020-08-22 12:42)
Roy Cooper on Friday signed legislation that doles out $1 billion in federal coronavirus pandemic relief money to the jobless, parents of public school students, poll workers, public health agencies and others.
(From WRAL.com, on 2020-09-04 21:33)
Friday’s report added to evidence that nearly six months after the coronavirus paralyzed the country, the economy is mounting only a fitful recovery.
(From Chicago Tribune - Breaking News, on 2020-09-04 23:28)
Mr. Trump is the wrong tool, and, unless we change that, the coronavirus will continue to ravage our health and economy.
(From Washington Post - Opinions, on 2020-09-04 09:08)
With Iran’s economy sputtering and the coronavirus ravishing the country, in March he proclaimed this the year of “surge in production.” So far, the only surge has been in arbitrary arrests.
(From Washington Post - Opinions, on 2020-09-04 06:25)
Pressure for a vaccine grows as election nears With a persistent polling deficit and a struggling economy, President Donald Trump has cranked up pressure on federal health officials to expedite work on a coronavirus vaccine and treatments.
(From WISH-TV, on 2020-09-04 19:27)
Although Trump hasn’t been able to pin him on the riots and Biden continues to lead in polling on coronavirus, character, and uniting the country, he still isn’t doing especially well on the economy.
(From The New Republic, on 2020-09-04 16:56)
"Broke the 10% level faster and deeper than thought possible." The job growth was in line with most analysts’ expectations, as the economy has shown signs of rebounding from the economic carnage left by closures aimed to stem the spread of the novel coronavirus.
(From Washington Post - Politics, on 2020-09-04 17:40)
The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said.
(From Christian Science Monitor, on 2020-09-04 16:30)
California spent much of the summer paying the price for a rapid reopening of the economy in late May and early June, with a coronavirus surge from mid-June through the weeks after the Fourth of July that led to record deaths and new concerns about the virus spreading among young people and essential workers.
(From LA Times - California, on 2020-09-04 12:00)
Statements from 2 September 2020, at 10:12 PM
If the poorer populations of the globe are left unprotected — and if the virus continues to ravage them — then the richer nations will not be free of the scourge, nor will the global economy rebound to full health.
(From Washington Post - Opinions, on 2020-09-02 08:00)
The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said Wednesday.
(From The Mercury News, on 2020-09-02 23:23)
Other factors behind the surge include optimism about coronavirus therapeutics and vaccines and broad confidence that Washington will eventually reach a deal on fiscal stimulus "although that's getting frustratingly slow," said Art Hogan, chief market strategist at National Securities.
(From Channel News Asia - Business, on 2020-09-02 21:40)
The global economy may shrink by more than 5 per cent this year due to the impact of the ongoing recession brought on by the coronavirus pandemic and countries are using everything from fiscal measures to monetary policies to avoid contraction, create jobs and save lives.
(From The Daily Star - Business, on 2020-09-02 18:00)
President Cyril Ramaphosa announced a R500 billion support package to offset the damage wrought by the virus and direct resources to the country’s health response in April.
(From IOL - Business, on 2020-09-02 16:49)
State coffers in the crude oil-dependent country were slashed following a severe drop in prices, adding to the woes of an economy already struggling with the global coronavirus pandemic.
(From The Globe and Mail - World, on 2020-09-02 14:32)
Biden emphasized that getting coronavirus “under control” is necessary to bring the economy back to full function, and he said operating schools are a critical piece of that.
(From The Globe and Mail - World, on 2020-09-02 16:13)
Biden said that he believed that it is impossible to get the economy back on track unless the coronavirus is mitigated.
(From CBSNews.com - USA, on 2020-09-02 19:09)
“In the ’60s and ’70s people left in much, much greater numbers than anything that’s being talked about right now,” Mayor de Blasio said Wednesday in dismissing a reporter’s question about New Yorkers fleeing the Big Apple from a combination of the coronavirus pandemic, crime wave and cratering economy.
(From The NY Post, on 2020-09-02 18:50)
The government plans new cash handouts and job measures worth about 68.5 billion baht to support an economy battered by the coronavirus pandemic, an official said on Wednesday.
(From Bangkok Post - Business, on 2020-09-02 07:56)
The economy suffered its deepest contraction in over two decades in the second quarter as the pandemic hit tourism and domestic activity, even as the country saw a more modest number of coronavirus cases compared to some of its peers.
(From Bangkok Post - Business, on 2020-09-02 07:56)
As virtually every industry sector of the world economy fights to stay on its feet, and with roughly 185,000 people dead from the COVID-19 illness that comes with coronavirus infection, no one would object to an early-release of a viable vaccine — so long as it's actually safe.
(From Interesting Engineering, on 2020-09-02 17:08)
"Additional economic stimulus is urgently needed," Rep. James Clyburn said in a coronavirus subcommittee hearing on Tuesday.
(From CNET, on 2020-09-02 16:00)
Trump's diverging viewpoints on the coronavirus and China have generated finger-pointing by both Beijing and Washington, and that is further destabilizing a critical relationship between countries with the world's two largest economies and militaries.
(From Belfer Center, on 2020-08-26 00:00)
People are putting their guard down, experts agree, leaving room for the virus to continue spreading as the country seeks to reopen the economy.
(From ThePrint, on 2020-09-02 15:24)
He also said that a "policy or economic shock" could quickly change an overvalued currency's trajectory, and "that's what seems to be happening" with the US dollar as the coronavirus pandemic keeps the US economy in a tight grip.
(From Deutsche Welle, on 2020-09-02 10:19)
The £2 billion initiative has been designed to help people aged between 16 and 24 into employment following the coronavirus pandemic.
(From The Comet, on 2020-09-02 11:37)
China is the only major economy that has avoided recession, even though it’s where the virus started.
(From The Thaiger, on 2020-09-02 11:07)
This policy conflicts with what virtually all health experts recommend, but one that jibes with the view of his new pandemic advisor, Dr. Scott Atlas, who thinks America should adopt the Swedish model of letting the coronavirus run its course and infecting millions of people in order to protect the economy.
(From LA Times - Opinion, on 2020-09-02 10:00)
Australia has fallen into recession for the first time in three decades and Brazil's economy shrank by almost 10% because of the coronavirus, leaving China as the only major nation still recording economic growth during the pandemic.
(From Bangkok Post - World, on 2020-09-02 07:45)
Statements from 1 September 2020, at 9:31 PM
Though Thailand has so far reported only 3,417 coronavirus infections and 58 deaths from Covid-19 and has lifted most restrictions, its economy has been hit badly, in particular tourism.
(From The Sun Daily (Malaysia) - Business, on 2020-09-01 15:46)
Fast forward to 2020, and Abe — now Japan’s longest-serving prime minister — is quitting due to ill health, leaving an economy that is smaller, badly hit by the novel coronavirus pandemic and with more debt than when he returned to power in 2012.
(From Japan Times - Top Stories, on 2020-09-01 12:28)
The government expects the economy will recover to pre-coronavirus levels around the first quarter of 2022, economic revitalization minister Yasutoshi Nishimura said last week.
(From Japan Times - Top Stories, on 2020-09-01 13:09)
Treasury Secretary Steven Mnuchin said Tuesday that a new stimulus package is still needed to help the economy recover from the ravages of the coronavirus, and he committed to calling Speaker Nancy Pelosi (D-Calif.) right away to try to restart talks.
(From Washington Post - Politics, on 2020-09-01 22:14)
US Treasury Secretary Steven Mnuchin on Monday said Republicans will soon unveil a new spending bill to aid the coronavirus-battered economy.
(From Bangkok Post - World, on 2020-09-01 18:45)
"And while it is critical that we remain vigilant as we battle this deadly virus, it is also important that we continue to fight to protect and improve the economy and the health of our small business community and our struggling Maryland families by continuing to push to safely reopen our economy and to get more people safely back to work," Hogan said.
(From WTOP - Local News, on 2020-09-01 21:02)
The economic toll of the novel coronavirus has been devastating, with the United Nations World Tourism Organization estimating at the end of July that the pandemic had already led to US $320 billion in lost revenues by the end of May when compared to 2019, more than triple the cost of the 2008-2009 global economic crisis.
(From CTV News, on 2020-09-01 14:16)
China’s Caixin and IHS Markit survey showed sustained recovery as the world’s second largest economy reported a new order increase for the first time this year, boding well for the labour market.
(From Asia Times, on 2020-09-01 11:27)
So, despite adding two million cases in August, India is opening up more areas of the economy, while ensuring none of them increases overcrowding and risks a further outbreak.
(From Asia Times, on 2020-09-01 13:00)
Having pledged to spend more than 277 trillion won of stimulus to fight the pandemic this year, President Moon Jae-in’s government is trying to navigate the economy through a renewed spike in coronavirus cases threatening to prolong recession into a third quarter.
(From News18 - Business, on 2020-09-01 02:24)
Japanese firms slashed spending on plant and equipment by the most in a decade in the second quarter, the government said on Tuesday, suggesting the economy will take a protracted period to fully rebound from the coronavirus-induced slump.
(From News18 - Business, on 2020-09-01 03:08)
Proponents, mostly council members, real estate associations and construction unions, argue Santa Ana has exceeded its state-set affordable housing goals and that — in a time when the coronavirus pandemic has withered the local economy and slowed development in the city — the ordinance is too burdensome and incentives are now necessary.
(From Voice of OC, on 2020-09-01 13:49)
"The ability to provide tests to parts of the private sector who need to know that people don't have the virus in order to be able to reopen parts of the economy, or just enable things to happen," he said.
(From Sky News - Home, on 2020-09-01 15:29)
To expect the economy to do better with fewer restrictions on the spread of the virus is a dangerous form of virus-denialism that will ultimately kill more people, without benefiting the economy.
(From The Sydney Morning Herald - Latest News, on 2020-09-01 14:04)
Investors accumulated record amounts of cash earlier this year amid concern over the impacts of the coronavirus pandemic on the global economy, with assets in money-market mutual funds soaring to a record $4.8 trillion in late May.
(From Wealth Management, on 2020-09-01 13:30)
Statements from 1 September 2020, at 7:51 AM
The Indian economy posted its worst quarterly contraction between April and June, slumping by almost a quarter as a strict nationwide lockdown to curtail the spread of the coronavirus brought the country to a virtual halt.
(From Deutsche Welle, on 2020-09-01 12:44)
Factories across Europe and Asia continued to shake off the coronavirus gloom in August as the global economy gradually emerges from a downturn triggered by the health crisis, thanks in part to massive fiscal and monetary stimulus programs.
(From The Globe and Mail - Business, on 2020-09-01 11:26)
“With concerns about double-dips increasing and virus cases up across Europe, the PMI – especially on the services side – provides reason to worry about the pace of the recovery and perhaps even a reversal of output growth.” German manufacturers’ recovery from lockdown measures continued last month, but in France activity slipped back into contractionary territory as the second-biggest euro zone economy grappled with hits to business caused by the pandemic.
(From The Globe and Mail - Business, on 2020-09-01 11:26)
China's factories took a hit earlier this year due to coronavirus lockdowns, but recent data suggest China's economy is bouncing back.
(From The Week, on 2020-09-01 11:03)
Still, some Chinese phone-makers are poised to gain market share from Apple and Samsung in the second quarter despite the coronavirus pandemic, which has ravaged the global economy and disrupted supply chains, according to a TrendForce report published in April.
(From CNET, on 2020-09-01 08:00)
No negotiations on another round of coronavirus aid have taken place since early August, when talks collapsed as Congressional Democrats and the Republican Trump administration could not bridge a gap of more than $1 trillion between their proposed relief packages for small businesses, state and local governments, school districts and health care providers.
(From News18 - World News, on 2020-09-01 03:02)
Meadows said on Friday that Trump was willing to sign a $1.3 trillion coronavirus relief bill, up from an initial proposal of $1 trillion.
(From News18 - World News, on 2020-09-01 03:02)
Mr Sunak will have to balance the government's pledges to "build, build, build" and speed up previously announced infrastructure projects, with the fact that the UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially into recession.
(From BBC News - Home, on 2020-09-01 07:25)
It put Dh7.3 billion into Dubai's flagship airline, Emirates, since the coronavirus pandemic brought global air travel to a near halt in March.
(From Gulf News - Business, on 2020-09-01 06:20)
The world's third-largest economy is expected to see a modest bounce in the current quarter after a record slump in April-June as new coronavirus cases keep a lid on consumer sentiment and slow the overall recovery.
(From Straits Times - Business, on 2020-09-01 02:40)
Economy Minister Yasutoshi Nishimura last week said he hoped the economy will recover to levels seen before the coronavirus around the first quarter of 2022.
(From Straits Times - Business, on 2020-09-01 02:40)
Statements from 27 July 2020, at 12:21 PM
Those dreams came to a screeching halt with the outbreak of the coronavirus, as countries shut down, economies buckled and global chaos followed.
(From Voice of America, on 2020-07-27 13:24)
Treasury Secretary Steven Mnuchin says the $600 weekly unemployment benefit will not be extended, but reduced substantially; believes it stopped people from looking for work
(From TheGrio, on 2020-07-27 14:37)
The coronavirus (COVID-19) is impacting the global economy and raising fears of a recession.
(From USA Today - Money Top Stories, on 2020-07-27 13:51)
Global policymakers have launched huge fiscal and monetary stimulus measures this year to dull the economic blow caused by coronavirus.
(From Irish Times - Business, on 2020-07-27 14:16)
Investors are also closely watching developments on the GOP's coronavirus stimulus plan, which is set to be introduced Monday.
(From Business Insider, on 2020-07-27 13:45)
"Gold will continue to feed off the extent of the spread of the coronavirus and the disruption it causes to the US and other economies," SP Angel said.
(From S&P Global Platts - Metals, on 2020-07-27 12:17)
The global coronavirus situation has worsened, he said, with cities that initially brought the virus under control - such as Hong Kong and Seoul - suffering repeated outbreaks after easing restrictions and reopening their economies.
(From Straits Times - Politics, on 2020-07-27 13:00)
Earlier this year, digital-asset investors were aflutter over the trillions of dollars of central bank money injections in response to the coronavirus-induced global recession.
(From CoinDesk, on 2020-07-27 11:54)
Japan’s economy minister said on Monday the government would urge businesses to aim for 70 percent telecommuting and enhance other social distancing measures amid a rise in coronavirus cases among workers, some infected during after-work socializing.
(From Arab News - World, on 2020-07-27 06:28)
While the orders numbers have been strong the past two months, economists caution that manufacturing could slump again if the recent surge in virus cases in many parts of the country disrupt efforts to get the economy moving again.
(From Toronto Star, on 2020-07-27 12:53)
If the global economy has to wait for a vaccine against the virus for a year, India's real GDP will contract by 7.5 per cent in FY21, it said, adding that its earlier estimate on the same was for a 5 per cent contraction.
(From News18 - Business, on 2020-07-26 23:04)
Aluminium as a sector has potential to attract fresh investments of over USD 30 billion to meet the expanding aluminium demand of the country and to be a global trade alternative to China," he said.
(From News18 - Business, on 2020-07-27 00:20)
Gold prices have soared to a record high as investors rush to find safe places to park their money as concerns grow about a resurgence in the coronavirus and the impact that could have on the global economy.
(From WISH-TV, on 2020-07-27 10:02)
Pelosi has said that House Democrats would pursue the $3-trillion coronavirus aid bill that they passed in May, which would extend the extra $600 a week in unemployment benefits through the end of 2020.
(From The Globe and Mail - Business, on 2020-07-27 12:08)
Senate aides said the Republican plan also have more help for small businesses, $105-billion for schools, $16-billion for coronavirus testing, and legal protections for business that are reopening.
(From The Globe and Mail - Business, on 2020-07-27 12:08)
A record spike in Tokyo and other cities could mean a second wave, experts fear Japan's economy minister says the government will urge businesses to aim for 70 per cent telecommuting and enhance other social distancing measures amid a rise in coronavirus cases among workers, some infected during after-work socialising.
(From The Independent, on 2020-07-27 10:48)
“The best thing that we can do to set our economy up for success and rebounding from the last few months is making sure our outbreak is in a good place,” said Caitlin Rivers, epidemiologist at the Johns Hopkins Center for Health Security.
(From Washington Post - Politics, on 2020-07-27 10:00)
Mr Felsman noted that China’s economy is “rebounding more quickly than the developed world”, thanks to its success in containing the virus.
(From The New Daily, on 2020-07-27 12:00)
UK stock markets have rebounded sharply from a coronavirus-driven selloff in March as a raft of global stimulus and easing business restrictions fuelled optimism about a swift post-pandemic economic recovery.
(From Malay Mail, on 2020-07-27 08:56)
But with the relentless surge in global coronavirus infections raising the spectre of another round of lockdowns, investors are betting on more government and central bank stimulus to blunt the business damage from the pandemic.
(From Malay Mail, on 2020-07-27 08:56)
Mining stocks outperformed the wider FTSE 100 on Monday as hopes of more US coronavirus stimulus drove up London copper prices.
(From Malay Mail, on 2020-07-27 08:56)
But as the coronavirus has sent economies into lockdown, people accustomed to taking care of relatives at home have lost their paychecks, forcing some to depend on those who have depended on them.
(From NY Times - Business News, on 2020-07-27 11:29)
Bavaria on Monday (Jul 27) called on Germany's federal government to clarify how to quickly make coronavirus testing mandatory at airports to ensure returning holidaymakers do not further drive up case numbers in Europe's largest economy.
(From Channel News Asia - Latest News, on 2020-07-27 09:58)
Speaking during his annual address to the nation and as the country's cases grew to 82,040 and nearly 2,000 deaths, Duterte said a lengthy lockdown that was one of the world's strictest may have hurt the economy but had kept numbers in check.
(From Channel News Asia - Latest News, on 2020-07-27 10:43)
Top aides to President Donald Trump said they agreed in principle with Senate Republicans on a US$1 trillion coronavirus relief package, which will now be negotiated with Democrats.
(From Channel News Asia - Latest News, on 2020-07-27 10:55)
Last month, the Bank of England said it would pump an extra £100bn into the UK economy to help fight the "unprecedented" coronavirus-induced downturn.
(From BBC News - Home, on 2020-07-27 10:52)
A year ago, Britons made up about a fifth of foreign visitors to Spain, meaning the British quarantine could deal a blow to the Mediterranean country’s efforts to jump start its economy after months of lockdown because of the virus.
(From Voice of America, on 2020-07-27 08:16)
Many European nations are seeing an increase in the number of virus cases as governments lift draconian lockdown measures to attempt to reignite their damaged economies.
(From The Sun UK, on 2020-07-27 08:19)
Economies around the world are struggling to reopen following coronavirus lockdowns, and the threat of a large global recession looms.
(From Guardian - Business, on 2020-07-27 09:47)
Japan’s economy is on course to make a recovery, but it is likely to be slow in coming due to the lingering effects of the coronavirus pandemic, a summary of opinions from the Bank of Japan released Monday showed.
(From Japan Times - Top Stories, on 2020-07-27 15:31)
Statements from 30 June 2020, at 12:19 AM
China's factory activity expanded at a stronger pace in June, as the economy continues to recover after the government lifted strict lockdowns and ramped up investment, but export orders remained weak as the global coronavirus crisis shatters demand.
(From The Sun Daily (Malaysia) - Business, on 2020-06-30 02:27)
The Canadian province of Alberta, home to the world’s third-largest oil reserves, said on Monday it will accelerate a corporate tax cut and invest $10 billion in infrastructure projects to jump start an economy badly damaged by the coronavirus pandemic.
(From Financial Post - Top Stories, on 2020-06-29 19:42)
Alberta would also table an economic outlook later this summer that would provide a “frank” look at the province’s finances following the coronavirus-induced shutdown of the economy, Kenney said in an interview.
(From Financial Post - Top Stories, on 2020-06-29 22:48)
In early June, the Internal Revenue Service alerted people about fraud surrounding government stimulus coronavirus payments.
(From Honolulu Star-Advertiser, on 2020-06-30 01:37)
China economy steadied further in June, as slow recovery from coronavirus continued
(From South China Morning Post - China, on 2020-06-30 01:03)
Thai PBS News Govt plans B50bn fund for small firms hit by pandemic The government will seek cabinet approval next week for a 50 billion baht fund to help small businesses affected by the coronavirus outbreak, Somkid Jatusripitak said on Monday.
(From AEC News Today, on 2020-06-30 00:00)
As the number of coronavirus cases continue to rise and some states begin to roll back the reopening of their economies, Pence reassured governors that the federal government is ready to provide assistance.
(From CBSNews.com - USA, on 2020-06-29 22:52)
With the year heading into its second half, investors are weighing up the outlook for commodities and trying to sift winners and losers as the coronavirus pandemic rips through the global economy.
(From The Sydney Morning Herald - Latest News, on 2020-06-29 23:57)
It's the prevailing view that Australia is overly exposed to China for its exports, but it's less common to take the view that China's economy is heavily dependant on steel, and its steel industry is largely beholden to Australia's iron ore miners.
(From The Sydney Morning Herald - Latest News, on 2020-06-29 22:03)
Public health concerns continue to weigh on the economy as coronavirus infections surged last week in several states, promoting some to roll back their reopening timelines.
(From Washington Post - Business, on 2020-06-29 09:13)
Cases are soaring in India and Pakistan, together home to more than 1.5 billion people and where authorities say nationwide lockdowns are no longer an option because of high poverty.
(From The Sydney Morning Herald - World, on 2020-06-29 20:47)
As some states have allowed restaurants to reopen with restrictions as part of the moving back to a more normal economy, cases of coronavirus have risen.
(From S&P Global Platts - Oil, on 2020-06-29 20:20)
Growing cases in of coronavirus and the implications of a weaker global economy have helped to stoke appetite for government debt, keeping yields anchored lower as stocks have rallied on the back of optimism around positive economic data and a barrage of fiscal and monetary stimulus.
(From Market Watch - Top Stories, on 2020-06-29 21:08)
Less than a week after the Government Accountability Office said the Internal Revenue Service cut stimulus checks to 1.1 million dead people, a report Monday from Erin Collins, the National Taxpayer Advocate said the federal tax collector also sent approximately 74,000 checks to people who have locked up by law enforcement.
(From Market Watch - Top Stories, on 2020-06-29 21:12)
Prime minister accused of 'go-it-alone' bravado over EU agency Boris Johnson's "go it alone bravado" on Brexit will make it harder for the UK to rebuild its economy after the coronavirus pandemic, Labour has said.
(From The Independent, on 2020-06-29 16:42)
It is "far too early" to judge the strength of the recovery in the world's largest economy as it reopens after extended coronavirus shutdowns, San Francisco Federal Reserve President Mary Daly told reporters on a conference call on Monday.
(From Channel News Asia - Business, on 2020-06-29 18:10)
A surge in confirmed coronavirus cases and hospitalizations in a number of Sun Belt states has led a number of them to backtrack on measures to reopen their shuttered economies.
(From Channel News Asia - Business, on 2020-06-29 20:40)
Kenya has lost Sh80 billion so far in tourism revenue, about half of last year’s total, due to the coronavirus crisis, Tourism Cabinet Secretary Najib Balala said yesterday.
(From People Daily Kenya, on 2020-06-29 21:00)
Sovereign wealth funds have participated in US$17 billion (RM72.8 billion) of venture capital deals so far this year, already more than the entirety of 2019, as their appetite for long-term investment appears undimmed by the coronavirus outbreak.
(From The Sun Daily (Malaysia) - Business, on 2020-06-29 17:34)
The coronavirus pandemic, which hit the city particularly hard in the months of April and May, has cost the city more than $7 billion, according to Politico.
(From The Hill - All News, on 2020-06-29 20:18)
Still, contracts remain 10.6 per cent below their level in February before businesses were shuttered in a bid to slow the spread of coronavirus, almost grounding the economy to a halt.
(From The Globe and Mail - Business, on 2020-06-29 16:43)
The move comes two weeks after BP said it plans to write off up to $17.5 billion worth of assets after cutting its long-term price assumptions for oil and gas to reflect expectations that the coronavirus pandemic will accelerate a shift away from fossil fuels.
(From S&P Global Platts - Petrochemicals, on 2020-06-29 09:31)
The coronavirus relief funding that passed in Congress (CARES Act) and was signed into law by President Trump has been a step in the right direction, but only scratches the surface considering the devastation this virus has had on our economy.
(From NJ State News, on 2020-06-29 14:43)
Canada is over the worst of the coronavirus outbreak but a spike in cases in the United States and elsewhere shows Canadians must remain vigilant as the economy reopens, Prime Minister Justin Trudeau said on Monday.
(From News18 - World News, on 2020-06-29 05:20)
Egypt has put on hold its plans to offer stakes in state-run companies due to "unfavorable" market conditions created by the coronavirus pandemic, dealing a setback to the country's programme to strengthen the economy.
(From Gulf News - Business, on 2020-06-29 13:01)
Basuki said the agency had procured land worth a total of Rp 4.38 trillion from March 16 to June 24 – during the coronavirus pandemic.
(From The Jakarta Post, on 2020-06-29 11:02)
The ‘Global Goal: Unite for our Future' pledging summit organised by the European Commission and Global Citizen on 27 June mobilised €6.15 billion in additional funding to help develop and ensure equitable access to coronavirus vaccines, tests and treatments.
(From European Union External Action, on 2020-06-29 17:26)
Statements from 23 June 2020, at 4:24 PM
For the month so far, prices trade higher on signs that global economies are reviving after many businesses were shutdown around the world for a couple of months to combat the spread of the coronavirus pandemic.
(From Market Watch - Top Stories, on 2020-06-23 19:11)
The goal of the second stimulus check would be the same as the first: to help individuals and businesses affected by the coronavirus outbreak.
(From CNET, on 2020-06-23 17:30)
Conflicting talk from Trump administration officials about 'decoupling' the US economy from China is running into challenging reality: Chinese imports of US goods are rising, investment by American companies into China continues, and markets are wary of separating the world's biggest economies.
(From News18 - World News, on 2020-06-23 06:08)
US companies had announced $2.3 billion in new direct investment projects in the first quarter of 2020, only slightly down from last year's quarterly average despite the coronavirus, the Rhodium Group said in a recent study.
(From News18 - World News, on 2020-06-23 06:08)
While Trump has argued the temporary freeze was aimed at helping US workers facing high unemployment during the coronavirus pandemic, critics said the move would backfire and hurt one of the key segments of the American economy.
(From Channel News Asia - Latest News, on 2020-06-23 16:58)
"As communities across the country ease social distancing guidance and reopen their economies, it is critically important that both the administration and Congress remain focused on containing the spread of the coronavirus and providing the resources and support Americans need during this time of crisis."
(From Voice of America, on 2020-06-23 14:51)
The new data is a far cry from what analysts expect to be the ultimate fallout from the coronavirus which has infected more than 100,000 people in Africa's most developed economy.
(From Rappler, on 2020-06-23 13:57)
Cases across the densely populated region – home to almost a quarter of the world's population – have risen in recent weeks even as the region lifts its lockdown to revive economies badly shattered by the virus.
(From Rappler, on 2020-06-23 14:02)
The Morrison government has faced criticism from some foreign policy experts and the opposition for publicly pushing for a global independent review into the handling of the coronavirus, which angered Beijing and was followed with China hitting Australia with two trade strikes in early May on $1 billion worth of beef and barley.
(From The Age - Latest News, on 2020-06-23 14:00)
Instead, the local administration has shifted its focus to reopening a number of sectors to keep the economy afloat, insisting that the latest numbers reflected a “downward trend” in the number of coronavirus cases recorded in the region.
(From The Jakarta Post, on 2020-06-23 12:59)
“The pre-pandemic global economy was built on a single supply chain, with China at its core,” said Turkish Vice-President Fuat Oktay in May.
(From Asia Times, on 2020-06-23 07:22)
India has been recording about 15,000 new infections each day, and some states Tuesday were considering fresh lockdown measures to try to halt the spread of the virus among the country's 1.3 billion people.
(From Chicago Tribune - World, on 2020-06-23 13:11)
President Cyril Ramaphosa on Tuesday said South Africa’s investment in infrastructure has been declining, way before the coronavirus pandemic, and the country now needs to urgently up its investment in infrastructure if the struggling economy is to recover post the Covid-19 pandemic.
(From IOL - News, on 2020-06-23 12:27)
The UK economy contracted by one fifth in April amid a nationwide lockdown imposed on March 23 to try and halt the spread of the coronavirus outbreak.
(From Malay Mail, on 2020-06-23 11:56)
A panel of economists that advise the German government said today Europe’s top economy will likely shrink 6.5 per cent this year but that the post-coronavirus recovery will begin “from the summer”.
(From Malay Mail, on 2020-06-23 11:56)
Trump confirmed that there would be a second wave of coronavirus stimulus checks, but here's why you might not receive any of the "generous" funding.
(From The US Sun, on 2020-06-23 12:54)
European stocks advanced on Tuesday, getting a lift on hopes the economy will continue to recover without a spate of new virus cases throwing lockdown-easing measures off course.
(From Market Watch - Top Stories, on 2020-06-23 13:00)
EU and EuroCham see country as gateway to enhancing Southeast Asia links Europe has joined the growing number of economies urging Vietnam to resume international flights, as the country appears virtually free of the coronavirus and represents a strong investment destination for those seeking diverse supply chains.
(From Vietnam Insider, on 2020-06-23 10:33)
Prime Minister Boris Johnson said on Tuesday pubs, restaurants and hotels could reopen in England early next month when the social distancing rule is relaxed, easing the coronavirus lockdown that has all but shut the economy.
(From News18 - World News, on 2020-06-23 00:55)
The California tradition of summer fun — barbecues, garden parties, group excursions to beaches and mountains — is colliding with the state’s desperate efforts to prevent new surges of coronavirus cases as the economy opens up and people begin freeing themselves from months of stay-at-home rules.
(From LA Times - California, on 2020-06-23 12:00)
As of June 16, Latinx North Carolinians made up 42% of all coronavirus cases in the state, and the vast majority of Latinx workers who get sick do not have access to paid time off or federal stimulus funds.
(From WRAL.com, on 2020-06-23 12:27)
City Lodge tanked more than 15 percent on the JSE yesterday after the hotel chain group announced that it planned to raise R1.2 billion through a rights offer to deal with the coronavirus pandemic that has disrupted its operations since March.
(From IOL - Business, on 2020-06-23 10:00)
The harsh effects of the novel Coronavirus will also hit Kosovo’s economy – with the country’s GDP now expected to contract by 4.5 percent in 2020, a reversal of the pre-pandemic projections of 4 percent growth.
(From World Bank Blogs, on 2020-06-22 13:31)
— CNA Indonesia warns unemployment to spike due to pandemic Indonesia’s unemployment rate could hit the highest in more than a decade this year due to the coronavirus pandemic, with Southeast Asia’s largest economy set to contract more than previously expected in the second quarter, ministers said.
(From AEC News Today, on 2020-06-23 00:06)
The soft underbelly in China's steel revival following the coronavirus outbreak is about to be thrown into stark relief by a seasonal downturn at building sites, analysts say, and points to a more protracted recovery for the world's second-largest economy from a once-in-a-century pandemic.
(From The Daily Star - Business, on 2020-06-22 18:00)
Nanjing, the capital of China eastern Jiangsu province, is one of the first cities in China to leverage blockchain technology and issue so-called “consumption vouchers” on the blockchain as a kind of crypto-driven stimulus package, according to a local news report on June 23.
(From Cointelegraph, on 2020-06-22 22:07)
Stimulus checks and expanded unemployment payments could help keep America’s poverty rate around where it was before the coronavirus outbreak — as long as enough people can access the money.
(From Market Watch - Top Stories, on 2020-06-23 10:02)
The government is trying to broker a 9 billion euro (US$10.16 billion) bailout for Germany's flagship carrier, which has been hit hard by a coronavirus-induced travel slump.
(From Channel News Asia - Business, on 2020-06-23 08:22)
Volkswagen expects a V-shaped recovery lasting into 2022, its sales chief said on Tuesday, as businesses try to work out how quickly they will rebound from the coronavirus pandemic which shut large parts of the economy around the world for months.
(From Channel News Asia - Business, on 2020-06-23 09:00)
The Prime Minister said that after the election, the new government can focus on the national agenda – which include handling the coronavirus pandemic, the economy and jobs – and the difficult decisions it will have to make and to carry.
(From Straits Times - Politics, on 2020-06-23 08:12)
Statements from 20 June 2020, at 9:33 PM
China-US trade tensions have already done serious harm to many Asian economies and while India-China trade is not on the same scale, it is significant and if it stalls there will once again be consequences for economies in South-east Asia.
(From Malay Mail, on 2020-06-20 23:02)
President Tayyip Erdogan said on Saturday Turkey had lost some ground in its battle with the coronavirus but a focus on hygiene, masks and physical distancing will protect people and help the economy rebound in the second half of the year.
(From The Globe and Mail - World, on 2020-06-20 22:04)
Stock markets have been volatile over the last couple of weeks amid fresh fears for the global economy and concerns over a second wave of virus cases.
(From This is Money UK, on 2020-06-20 21:32)
The coronavirus pandemic roiling the global economy has sparked fears for the emerging off-grid clean energy businesses serving poorer customers from Africa to Asia - but in northern Kenya's Kalobeyei refugee settlement, the lights are staying on.
(From The Daily Star - Business, on 2020-06-20 18:00)
It's also unknown how the US economy will react to a spike in coronavirus infections, with US cases soaring in some states as they reopen.
(From CNET, on 2020-06-20 14:36)
Japanese media reports have estimated market valuation to reach US$32 billion in an IPO as early as October, although the coronavirus outbreak has created uncertainty over the timing and valuation of the IPO.
(From Channel News Asia - Latest News, on 2020-06-20 17:16)
It is under unprecedented international scrutiny amid its strained relationship with the United States and industrialized nations, he said, and this added to its woes, as China’s economy has been hard hit by the coronavirus crisis.
(From Voice of America, on 2020-06-20 15:45)
The coronavirus outbreak in China has seen as surge in online shopping, with nearly 4.7 billion packages delivered by postal and courier companies during a mid-year shopping spree, up more than 48% from last year, according to the post office.
(From TIME, on 2020-06-20 14:33)
A mix of social, demographic and epidemiological factors has kept unemployment down even as the coronavirus has damaged the country’s already weakened economy.
(From NY Times - Business News, on 2020-06-20 12:40)
Africa owes China approximately $145 billion, making China its biggest creditor.
(From Brookings, on 2020-06-20 11:30)
“Despite the encouraging bounce in several sectors of our economy over the past month and a half, our economic future beyond the next few weeks will still largely be determined by the course of the coronavirus,” said Scott Anderson, chief economist of Bank of the West.
(From Market Watch - Top Stories, on 2020-06-20 14:09)
The global consulting firm McKinsey, which has been tapped by the Department of Health and Human Services to help manage and audit billions of dollars in coronavirus relief for hospitals, has worked for at least ten hospitals and chains that have received federal recovery funds, according to tax records and other public disclosures.
(From Politico - Health Care, on 2020-06-20 11:00)
As much as the lockdown is being blamed for crippling the economy, Cody said, businesses still would be devastated if the virus went unchecked and people afraid of getting sick stayed home.
(From The Mercury News, on 2020-06-20 14:00)
The vast majority of the Irish economy and society will reopen at the end of month as the country prepares to almost fully exit the lockdown imposed following the spread of the coronavirus.
(From Irish Times - Top Stories, on 2020-06-20 12:36)
After months of warning people to stay home to slow the spread of the deadly coronavirus, California officials have coalesced around a softer approach aimed at allowing the economy to bounce back while also trying to prevent new infections.
(From LA Times - California, on 2020-06-20 12:00)
Johnson, who says his government has followed scientific advice in its handling of the pandemic, has to balance the need to revive the economy after its 20 per cent collapse in April without allowing a resurgence in coronavirus cases.
(From Channel News Asia - World, on 2020-06-20 09:53)
He added that Malaysia’s widely credited steps to contain the coronavirus should allow the economy to recover more quickly than those of other countries in the region but said Malaysia is probably heading toward a recession.
(From Voice of America, on 2020-06-20 07:53)
Japan also lifted all coronavirus-related curbs on domestic travel yesterday, with Prime Minister Shinzo Abe calling on people to go sightseeing or attend events to help the nation's economy bounce back.
(From Straits Times - Business, on 2020-06-19 21:00)
Newsrooms around the country, regardless of size or medium, have been hit by layoffs, furloughs and closures due to the coronavirus’ impact on the economy.
(From Poynter, on 2020-06-19 20:00)
The goal of the second stimulus check would be the same as the first: to help individuals and businesses affected by the coronavirus outbreak.
(From CNET, on 2020-06-20 05:00)
That figure includes a $4-billion contingency fund that Eric Girard said will help the province survive a second wave of the novel coronavirus.
(From The Globe and Mail - Canada, on 2020-06-19 15:16)
Statements from 18 June 2020, at 8:51 PM
The world’s two largest economies have been at loggerheads over the handling of the coronavirus pandemic and China’s move to impose security legislation on Hong Kong, among multiple points of friction that have worsened this year.
(From The New Daily, on 2020-06-19 00:08)
“People don’t want me in their house for fear of me bringing the virus.” Lydia is one of millions of undocumented workers who’ve been hard hit by the virus and related financial hardship and who, due to their immigration status, are not eligible for unemployment benefits and were excluded from the federal government’s $1,200 stimulus checks.
(From Huffington Post, on 2020-06-18 19:12)
The coronavirus pandemic has cost the Pakistani economy $300 billion in losses, according to the country’s Minister for Industries and Production.
(From Foreign Policy, on 2020-06-18 20:34)
Newsom's order also comes as California has seen an increase in the average number of confirmed coronavirus cases, raising concerns that an uptick in infections could halt efforts to restart the economy.
(From Buzzfeed, on 2020-06-19 01:57)
"There’s a lot you can do." The efforts to contain the virus which halted the economy, for example, are estimated to have prevented 60 million additional coronavirus infections.
(From Washington Post - Politics, on 2020-06-18 21:46)
China’s Belt and Road Initiative (BRI), which aims to grow the Chinese economy through facilitating extensive trade across Eurasia and Africa, is now so large it is shaping how China engages its near region and the wider world.
(From The Interpreter, on 2020-06-18 20:00)
The goal of the second stimulus check would be the same as the first: to help individuals and businesses affected by the coronavirus outbreak.
(From CNET, on 2020-06-18 17:30)
The stimulus checks are part of a larger CARES Act relief package passed in March to help individuals, businesses, renters and people who are out of work in the face of a US economy battered by the coronavirus pandemic.
(From CNET, on 2020-06-18 20:00)
The Bank of Canada sees the Canadian economy facing a prolonged and uneven recuperation period with households remaining cautious with their spending until there is a coronavirus vaccine, Deputy Governor Lawrence Schembri said.
(From The Globe and Mail - Business, on 2020-06-18 14:16)
“As a bellwether of China’s economy, a hike in power generation shows the country’s economic and social activities are returning to normal at an accelerated pace,” said Shan Baoguo, deputy chief economist with the State Grid Energy Research Institute.
(From Asia Times, on 2020-06-18 06:45)
A wider reopening of California’s pummeled economy is just around the corner, but recent numbers show the worst of the state’s coronavirus outbreak may not be in the rearview mirror yet.
(From LA Times - California, on 2020-06-18 17:56)
Pandemic pivot: How Chicago-area businesses and workers are managing the coronavirus crisis The coronavirus pandemic is forcing Chicago-area companies and workers to face harsh realities about their paychecks and their place in the local economy.
(From Chicago Tribune - Breaking News, on 2020-06-18 17:45)
China aims to speed up an infusion of credit into its economy this year as it tries to restart growth after coronavirus the outbreak.
(From NY Times - World News, on 2020-06-18 16:56)
The world’s largest economy has seen a protacted downturn since businesses began closing in mid-March to stop the spread of the coronavirus, with the unemployment rate climbing to 13.3 percent in May and millions of layoffs reported each week.
(From Borneo Post, on 2020-06-18 16:47)
“Worries about rattled financial markets and their effect on the economy as well as the delicate negotiations with China over a trade deal — a key to Trump’s reelection — have played a large role in influencing the president’s friendly posture toward China over the deadly coronavirus, according to several senior White House and administration officials,” Yasmeen Abutaleb and Josh Dawsey reported in mid-February.
(From Washington Post - Politics, on 2020-06-18 12:09)
The QE expansion was widely forecast after the UK economy contracted by one fifth in April amid a nationwide lockdown to try and halt the spread of the coronavirus outbreak.
(From The Sun Daily (Malaysia) - Business, on 2020-06-18 15:18)
The QE expansion was widely forecast after the United Kingdom economy contracted by one-fifth in April amid a nationwide lockdown to try and halt the spread of the coronavirus outbreak.
(From Rappler, on 2020-06-18 14:49)
On Wednesday, the Group of Seven leading economies called on China to reconsider its plans in a joint statement voicing “grave concern regarding China’s decision to impose a national security law on Hong Kong,” adding that it would breach Beijing’s international commitments as well as the territory’s constitution.
(From The Globe and Mail - World, on 2020-06-18 10:20)
—A new survey of bankers in rural parts of 10 Plains and Western states suggests the economy remains weak in those areas as the coronavirus outbreak continues to affect the region.
(From Star Tribune - Business, on 2020-06-18 16:10)
The FTSE-100 fell today as China coronavirus cases spiked and despite widespread expectations that the Bank of England will be unveiling a further £100 billion of quantitative easing at lunchtime.
(From Evening Standard - Business, on 2020-06-18 04:19)
To prevent the system from collapsing, authorities in the epicenter of the outbreak, Mexico City, have scrambled to conjure up additional capacity to meet surging demand as the country tries to exit lockdown and revive the economy.
(From Reuters - World News, on 2020-06-18 14:47)
Mayor Lori Lightfoot got her road map to spend $1.1 billion in federal coronavirus relief money through the City Council with ease Wednesday, in spite of protests from some aldermen who pressed in vain for promises that none of the funds will be spent to pay police.
(From Chicago Tribune - News, on 2020-06-18 11:14)
“With 1.30am lockouts lifted from the city centre and along Oxford Street, we are looking at what a post-coronavirus night time economy could look like.
(From The Age - Latest News, on 2020-06-18 14:00)
The World Health Organization hopes hundreds of millions of doses of coronavirus vaccine can be produced this year and 2 billion doses by the end of 2021, chief scientist Soumya Swaminathan said on Thursday.
(From News18 - World News, on 2020-06-18 01:54)
China has also invested billions in the China-Pakistan Economic Corridor, an integral part of Xi's Belt and Road trade and infrastructure mega-project.
(From News18 - World News, on 2020-06-17 22:21)
The Bank of England is widely expected today to announce cash stimulus worth at least £100 billion (RM536 billion), according to analysts, after the UK economy contracted by one fifth in April amid a nationwide lockdown triggered by the coronavirus outbreak.
(From Malay Mail, on 2020-06-18 11:17)
Statements from 17 June 2020, at 12:27 PM
SCOTLAND’S economy has shrunk by almost a quarter since the start of the coronavirus outbreak, grim new figures have shown.
(From The National - Scotland, on 2020-06-17 14:10)
Biden’s proposal to reopen an economy shuttered by the pandemic includes expanded coronavirus testing and protective equipment for people who go back to work, paid sick leave, small-business grants and hiring a workforce to chart the disease’s spread.
(From Reuters - Politics, on 2020-06-17 14:49)
This was less gloomy than the Bank’s own analysis in May, when it said coronavirus could see the economy plunge by 14% this year even before factoring in a second peak of the pandemic.
(From Shropshire Star, on 2020-06-17 14:46)
The Trump administration has complained for years about the WTO’s failure to hold China accountable for unfair trade practices, and insists that China - the world’s second-largest economy - should no longer be treated as a developing country.
(From Reuters - Business, on 2020-06-17 15:15)
Others have argued that cities must reopen to keep the economy afloat, and that protective health measures will curb coronavirus transmission in restaurants, schools, malls and on planes.
(From CNET, on 2020-06-17 11:15)
It's also unknown how the US economy will react to a spike in coronavirus infections, with US cases spiking in some states as they reopen.
(From CNET, on 2020-06-17 14:42)
While addressing a press conference alongside Yusuf, SAPM Zulfi Bukhari said that despite the coronavirus crisis, $20.6 billion were remitted to the country, adding that he is grateful to the overseas Pakistanis.
(From The News International - Pakistan, on 2020-06-17 14:49)
In a Politburo meeting in March, the country pledged to widen its fiscal deficit and sell its sovereign debt, which can be taken as a signal that the country is preparing a large-scale stimulus package to counter the economic fallout from the current coronavirus crisis.
(From Chatham House - Expert Comment, on 2020-06-16 14:25)
Global stock markets rose modestly on Wednesday, after several days of turbulence fueled by a cascade of news about the coronavirus and its impact on the global economy.
(From NY Times - World News, on 2020-06-17 11:55)
China has replaced US as No 1 destination for Taiwanese export accounting for approximately 40% of total exports (Hong Kong included), with Taiwan having a trade surplus of approximately US $ 2.27 billion with China.
(From Modern Diplomacy, on 2020-06-17 13:00)
Borrowing could hit £298.4 billion this year as a result of the coronavirus crisis, the OBR said last month, and Mr Sunak has hinted at tax increases to “right the ship”.
(From The London Economic, on 2020-06-17 07:46)
Carlyle Group, which has $3.25 billion invested in China, is wary of new deals in Asia’s largest economy as it primes its portfolio companies for a tepid recovery in a world still reeling from the coronavirus.
(From The Midle Market, on 2020-06-17 12:42)
A cornerstone of the BRI is the so-called China-Pakistan Economic Corridor (CPEC), which consists of $87 billion of dams, power plants, roads and railways winding from China’s restive westernmost province of Xinjiang through disputed Kashmir and south to Pakistan’s Gwadar Port.
(From TIME, on 2020-06-17 08:30)
The repair of financial market conditions since the depth of the coronavirus crisis in mid-March is positive for the economy, but may not last, said Federal Reserve Vice Chairman Richard Clarida on Tuesday.
(From Market Watch - Top Stories, on 2020-06-17 11:52)
The Organization for Economic Cooperation and Development forecast the global economy could contract by 7.6% if the world sees a second wave of the coronavirus outbreak.
(From Reuters - Business, on 2020-06-17 11:21)
Any deal Australia may secure a deal with the UK will pale in comparison to Australia’s exports to China, which were worth almost $150 billion last year. In recent weeks, China has imposed crippling tariffs on Australian barley, banned some beef exporters and urged its students against studying in Australia.
(From The New Daily, on 2020-06-17 05:09)
“That’s a tribute to the American people.” But public health experts say Trump and Pence’s ebullience papers over concerning data that suggests that the virus remains a serious threat to Americans’ health and the economy and that the slowing of social distancing and mitigation efforts risks a second wave of the coronavirus in the fall.
(From Huffington Post, on 2020-06-17 04:04)
European equity markets have roared back since a coronavirus-fuelled crash in March, aided by massive global stimulus, with the STOXX 600 index now only about 16% below its February record high.
(From Reuters - Company News, on 2020-06-17 08:43)
Recent favourable employment indicators anticipate an economic revival in the second half of the year following the massive impact of coronavirus, economy minister Nadia Calvino said on Wednesday.
(From The Independent, on 2020-06-17 07:59)
The resurgence in China highlighted calls for vigilance as many nations are easing virus restrictions to revive their economies.
(From Evening Standard - News, on 2020-06-17 06:12)
Malaysia-China Chamber of Commerce (MCCC) vice president Kevin Siah said although many economies worldwide were badly affected by the Covid-19 outbreak, the pandemic brought new opportunities as well.
(From The Sun Daily (Malaysia) - Local, on 2020-06-17 04:02)
Before the coronavirus pushed the market to its mid-March low, Amazon (AMZN) had a market cap of a “paltry” $834 billion.
(From Smarter Analyst, on 2020-06-16 23:58)
Last week ,the economic impact of the coronavirus crisis started to become clearer when it was reported that UK GDP fell by 20.4 per cent in April, with no area of the economy untouched.
(From Stoke-on-Trent Live, on 2020-06-17 04:00)
America has the highest number of coronavirus cases in the world, and the virus is likely to spread further due to the reopening of state and local economies, as well as the Black Lives Matter protests (though public-health officials have endorsed them).
(From Nextgov, on 2020-06-16 22:00)
Statements from 2 June 2020, at 7:06 PM
The latest gains, which followed a rally in global stocks, were driven by optimism that the global economy will begin to recover as governments gradually allow businesses that were closed due to the coronavirus outbreak to reopen.
(From Star Tribune - Business, on 2020-06-02 21:35)
PAHO directors on the call advised Latin American governments not to open their economies too fast and to avoid public crowds especially where coronavirus cases are still increasing, such as in Brazil, which has the second worst outbreak in the world here after the United States.
(From Reuters - Health, on 2020-06-02 17:58)
China's central bank will start buying bank loans made by local lenders to small firms this week in an effort to prod banks to lend as much as 1 trillion yuan (S$197 billion) to small businesses amid the coronavirus pandemic.
(From Straits Times - Business, on 2020-06-02 21:00)
Parisians returned to the City of Light’s beloved sidewalk cafes as the French government eased lockdown restrictions Tuesday, but across the ocean, health experts expressed deep concerns as several Latin American countries opted to reopen their economies despite a rapid rise in coronavirus cases.
(From Chicago Tribune - World, on 2020-06-02 12:11)
“The government does not take for granted the lives and livelihood of the people or the state of the economy,” he said, adding that the Prihatin package was a manifestation of the efforts taken by the government for the sake of the people and country.
(From The Sun Daily (Malaysia) - Local, on 2020-06-02 14:58)
Market risk sentiment was hurt only slightly on Monday when Bloomberg reported China had told state-owned companies to halt purchases of soybeans and pork from the United States, raising concern that the trade deal between the world's two biggest economies could be in jeopardy.
(From The Daily Star - Business, on 2020-06-02 18:00)
The bank in April said it has set aside nearly $4 billion to cover expected loan losses due to the coronavirus outbreak.
(From Reuters - Business, on 2020-06-02 19:54)
And antibody tests, once promoted as a vital tool for safely reopening the economy, are meant to identify who has been exposed to the virus, not active cases.
(From Politico - Health Care, on 2020-06-02 15:38)
Economists say that Canada’s economy likely bottomed out in April when non-essential businesses across the country were closed to help contain the coronavirus pandemic.
(From The Globe and Mail - Business, on 2020-06-02 13:44)
Russia has earmarked 5 trillion roubles ($73 billion) to jump-start its economy through end-2021, its premier said on Tuesday, as the country eases a prolonged coronavirus lockdown which cost it jobs and triggered the deepest contraction since 2009.
(From AlArabiya.net MRSS for section Business, on 2020-06-02 12:02)
Uganda will lose $1.6 billion a year in earnings from tourism as visitors stay away due to the impact of the coronavirus, President Yoweri Museveni said.
(From Africa Feeds, on 2020-06-02 13:45)
The civic group Mexicans Against Corruption said the strategy of little testing “limits the possibility of identifying super-spreaders, people who are asymptomatic and spread the virus massively,” and could spell disaster as the economy re-opens starting June 1.
(From Spokesman.com: Latest stories, on 2020-06-02 16:14)
The ongoing coronavirus pandemic that shut down sports worldwide caused the first decline since 2016 in the total income of the world’s 100 top-paid athletes, a 9% dip from last year to US$3.6 billion, the report said.
(From Asia Times, on 2020-06-02 15:51)
The S&P 500 and the Dow Jones indexes hit three-month highs on Tuesday as optimism about the reopening of the economy after weeks of coronavirus lockdowns countered concern over more disruptions from the street protests spread across the country.
(From Reuters - Business, on 2020-06-02 17:21)
The suit, filed Tuesday by Tracey Graham against Barrier Technologies, appears to be the first over the sick leave provisions in the Families First Coronavirus Relief Act, one of the stimulus bills passed in March to deal with the coronavirus pandemic.
(From Huffington Post, on 2020-06-02 15:18)
In Bolivia, a country of around 11.7 million people, the government is now easing a lockdown that was aimed at curbing the disease’s spread to allow the economy to revive, though experts worry this could spark a rise in cases.
(From Reuters - Health, on 2020-06-02 16:20)
The French government said today that it had signed off on a state-backed loan of €5 billion (RM24 billion) for carmaker Renault, where the coronavirus crisis has compounded months of management turbulence and prompted the company to lay off nearly 15,000 people worldwide.
(From Malay Mail, on 2020-06-02 14:35)
Economy Minister Pedro Siza Vieira said Portugal is in “advanced discussions” with Germany to establish a so-called “air corridor,” which could allow tourists who test negative for the coronavirus to fly to an area with a low infection rate, such as the Algarve.
(From Lewiston Sun Journal, on 2020-06-02 15:28)
WHO says African continent remains least affected by virus. Africa’s coronavirus cases have surpassed 150,000 while the World Health Organization says the continent of 1.3 billion people is still the region least affected.
(From Lewiston Sun Journal, on 2020-06-02 15:28)
The European Commission has said investing in hydrogen will help the EU become climate neutral by 2050 and also help kick-start EU economies after the coronavirus pandemic lockdowns.
(From S&P Global Platts - Oil, on 2020-06-02 15:28)
The Senate leader said if Congress does approve another coronavirus stimulus check, it will be the "final" one, CNBC reported.
(From CNET, on 2020-06-02 15:41)
As part of its $4 billion effort to combat the virus, Amazon is developing its own coronavirus testing capabilities.
(From CNET, on 2020-06-02 12:01)
Dubai’s economy, which heavily relies on retail, tourism and hospitality, has suffered from the lockdown and travel restrictions as the coronavirus outbreak spread.
(From Reuters - World News, on 2020-06-02 15:02)
On Monday, officials told lawmakers that the coronavirus will prevent them from meeting the conditions of a $1 billion Obama-era program for large-scale construction projects that defend cities and states against climate-related disasters.
(From SEJ, on 2020-06-02 13:11)
“While the coronavirus crisis will likely fuel US-China friction in the months to come, we think equity investors shouldn’t let these tensions overshadow investment opportunities in China, where the economy is recovering and earnings have remained relatively resilient,” John Lin and Stuart Rae of AllianceBernstein said in a note.
(From Asia Times, on 2020-06-02 12:40)
Under the Coronavirus Aid, Relief, and Economic Security Act, each state receives a minimum $1.25 billion for addressing the impact of the health pandemic.
(From WVU MetroNews - News, on 2020-06-02 13:55)
Statements from 1 June 2020, at 12:00 AM
The first decree authorises the Finance Ministry to borrow about 1 trillion baht to fund the government’s economic and social rehabilitation to provide support to people adversely affected by the virus outbreak.
(From Thailand Business News, on 2020-06-01 02:53)
This has enabled China to greatly increase its influence throughout Asia, Africa and the Balkans where China has already committed over US$20 billion in loans for new coal-fired power stations.
(From The Spectator Australia, on 2020-06-01 00:28)
If the coronavirus outbreak is still battering the economy and causes a shortfall in state revenue the next fiscal year, the government is allowed to run up an additional 100 billion baht in debt, said director Dechapiwat Na Songkhla.
(From Bangkok Post - Business, on 2020-05-31 21:30)
The Bank of Thailand recently predicted that the Thai economy would bound back to 3% growth next year from a 5.3% contraction in 2020, assuming a coronavirus vaccine is ready next year.
(From Bangkok Post - Business, on 2020-05-31 21:30)
According to DFAT trade data, in 2018/19 Victoria’s merchandise exports to China were valued at $6.5 billion and the imports from China were $23 billion.
(From The Mandarin, on 2020-06-01 01:57)
Southeast Asia leans on new taxes to plug coronavirus shortfalls. Southeast Asian countries have turned to new and higher taxes to offset falling government revenues due to the coronavirus pandemic, walking a fine line between securing funding and further straining economies.
(From AEC News Today, on 2020-06-01 00:18)
Unemployment is now at a level not seen in since the Great Depression nearly a century ago, and moving higher, while the coronavirus is expected to threaten the country for months to come, factors analysts fear will only serve to deepen inequality for workers in the world’s largest economy.
(From Malay Mail, on 2020-05-31 23:26)
It could be that the economy will partly bounce back before plunging again amid a second wave of infections as states reopen and people face renewed exposure to the coronavirus, or if the disease stages a comeback this autumn.
(From The Age - Business, on 2020-05-31 22:10)
Others argue that cities must reopen to keep the economy afloat, and that protective health measures will curb coronavirus transmission in restaurants, schools, malls and on planes.
(From CNET, on 2020-05-31 21:15)
If China’s economy makes a full recovery, the party will be untouchable.’ This may be the China the West faces after the pandemic is over.
(From Spectator USA, on 2020-05-31 20:55)
Nomura analysts said in a report last week that "with economic growth in the major economies of Europe and the Americas set to drop by around 15 per cent year on year in the second quarter, China's exports seem poised to fall".
(From Straits Times - Business, on 2020-05-31 21:00)
The unemployment data shows more than 40 million people have lost work since early March, when coronavirus shutdowns around the country put the nation’s economy in a coma.
(From The Mercury News, on 2020-05-31 16:53)
In his latest news conference Thursday, the governor emphasized that Congress’ passage in late March of a $2.2 trillion coronavirus relief law placed burdens on state labor departments across the country that the agencies were not set up to handle.
(From East Idaho News, on 2020-05-31 15:48)
Pope Francis said on Sunday that people are more important than the economy, as countries decide how quickly to reopen their countries from coronavirus lockdowns.
(From Independent.ie, on 2020-05-31 13:50)
Algeria had already lost $1 billion in oil and gas export revenue in the first two months of 2020 due to the fall in oil prices and the slump in demand triggered by the coronavirus, he said at the time.
(From S&P Global Platts - Natural Gas, on 2020-05-31 06:23)
Idaho is holding on to $800 million, or nearly two-thirds of its $1.2 billion allocation, in case of a future wave of coronavirus cases.
(From Star Tribune - Business, on 2020-05-31 13:55)
France will announce a stimulus plan for the French aerospace industry in the next week to 10 days as the country’s economy deals with the fallout of the coronavirus pandemic, Finance Minister Bruno Le Maire said in an interview on broadcaster France 3 on Sunday.
(From AlArabiya.net MRSS for section Business, on 2020-05-31 12:49)
In the past, Minister for Health Simon Harris has said that if efforts in tackling the virus go better than planned, stages in the government's five stage roadmap to reopen Ireland's economy and society could be moved forward.
(From The Irish Sun, on 2020-05-31 11:06)
The industry’s supply networks have been disrupted since January when Chinese authorities responded to the novel coronavirus outbreak by effectively closing down their economy, a major source of textile and apparel production.
(From Washington Post - Business, on 2020-05-31 11:00)
Jordan’s health ministry urged the public to follow health guidelines as the country began measures to reopen the economy amid the coronavirus pandemic.
(From Arab News - Middle East, on 2020-05-31 07:15)
Japanese Economy Minister Yasutoshi Nishimura said friction between the US and China over Hong Kong poses a risk to the global economy if the city ceases to be an international financial hub.
(From Straits Times - Business, on 2020-05-31 09:06)
Statements from 28 May 2020, at 12:06 PM
The Small Business Administration is setting $10 billion in federal Paycheck Protection Program small-business loan funds aside for community development organizations as a way of ensuring federal coronavirus relief funds reach underserved communities.
(From Washington Post - Business, on 2020-05-28 15:18)
Avisado said that, as of Thursday, P353.8 billion has been released to various departments and agencies of the government to support their coronavirus-related interventions.
(From philstar.com, on 2020-05-28 11:32)
It's poised to restart its hospitality economy on June 1 – one day after health experts expect the country to achieve full containment of the coronavirus.
(From WUNC, on 2020-05-28 15:28)
It aims to resume limited service on June 15, but estimates that it may take three years for demand to get back to the levels of 2019, before the coronavirus outbreak grounded flights around the world and pushed the global economy toward a deep recession.
(From Chicago Tribune - World, on 2020-05-28 13:52)
Old Mutual has given K25 billion worth of free life cover for 25,000 Covid-19 frontline workers as the number of coronavirus cases in the country rise steadily.
(From AllAfrica News, on 2020-05-28 14:24)
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed.
(From Star Tribune - Business, on 2020-05-28 14:50)
The research body said the coronavirus has decimated sectors across the Irish economy – worse than the 2008 crash and the depression between the First and Second World War.
(From The Irish Sun, on 2020-05-28 11:52)
The OIG said it will examine how HHS awarded and disbursed $50 billion in provider relief fund payments under the Coronavirus Aid, Relief and Economic Security Act.
(From Becker's Hospital Review, on 2020-05-28 13:14)
The government has provided $175 billion in relief funds to hospitals through the Paycheck Protection Program, Health Care Enhancement Act, and Coronavirus Aid, Relief and Economic Security Act.
(From Becker's Hospital Review, on 2020-05-28 13:22)
Energy and Emissions Reduction Minister Angus Taylor said the figures showed industry was well placed to help the economy through the coronavirus economic downturn.
(From The Age - Latest News, on 2020-05-28 14:01)
In an environment where the Chinese Communist Party (CCP) faces global outcry over its handling of the new coronavirus, is under acute political and economic pressure from Washington, and needs foreign investors to help revive its suddenly sputtering economy, the EU has more leverage with Beijing than it has had in quite a while.
(From Carnegie Endowment, on 2020-05-28 08:45)
With no dine-in customers during the coronavirus lockdown, Jollibee Foods Corporation reported a net loss of P2.07 billion in the 1st quarter of 2020, representing a 253% plunge.
(From Rappler, on 2020-05-28 10:51)
The coronavirus pandemic has also led to such a drop in policing and in crimes—one reason why the Policing & Social Justice Project has called for the city to cut the current $5.6 billion NYPD budget by $1 billion over four years.
(From The New Republic, on 2020-05-28 10:00)
Nearly 11 weeks ago, MLB shut down spring training and postponed the regular season indefinitely as the country tried to deal with the coronavirus, which has devastated the economy and killed 100,000 Americans as of Wednesday morning.
(From Press of Atlantic City, on 2020-05-28 12:30)
Nigeria’s external reserves have been on an upward trajectory for a few weeks, offering some foreign exchange relief at a time when the country is faced with a decline in crude oil export earnings and uncertainty still hangs over the global economy due to the prevailing coronavirus pandemic.
(From Ventures Africa, on 2020-05-28 12:34)
American in April reported a staggering $2.2 billion loss in the first quarter, around the time when the coronavirus pandemic triggered a sharp drop in air travel.
(From CBSNews.com - USA, on 2020-05-28 12:16)
Dr Lowe, giving evidence to a Senate committee overseeing the government's response to the coronavirus pandemic, on Thursday said even though the economy was doing better than expected it would face years of strain.
(From The Sydney Morning Herald - Latest News, on 2020-05-28 12:30)
Among the three regions, China is a bright spot as its economy sputters back to life after shutting down in the early days of the outbreak.
(From Bangkok Post - World, on 2020-05-28 12:04)
The European Union unveiled a €750 billion ($825 billion) recovery package for the coronavirus pandemic yesterday that includes plans to address another global crisis: climate change.
(From Climatewire, on 2020-05-28 10:39)
Three of the top five companies on the list are from China, including Industrial and Commercial Bank of China in the top spot for the eighth straight year with more than $4.3 trillion in assets.
(From Arab News - Economy, on 2020-05-28 07:17)
China has room to stimulate an economy trying to recover in the wake of the coronavirus pandemic, but the government does not want to open the “floodgates,” Premier Li Keqiang said on Thursday at the end of the annual meeting of parliament.
(From The Globe and Mail - Business, on 2020-05-28 11:14)
China’s economy suffered a 6.8 per cent contraction in the first quarter, as the country reeled from an epidemic that began in the central city of Wuhan.
(From The Globe and Mail - Business, on 2020-05-28 11:14)
Russia is continuing to see high numbers of new coronavirus cases even though its far-flung regions have increasingly moved to reopen the economy.
(From Star Tribune - Business, on 2020-05-28 09:35)
Crisis-hit Japanese automaker Nissan on Thursday reported a staggering US$6.2 billion annual net loss, its first in more than a decade, as it battles weak demand and the impact of the coronavirus pandemic.
(From Asia Times, on 2020-05-28 09:24)
IRELAND is heading into the worst recession in the history of the country with the coronavirus crisis sinking its teeth into the economy.
(From The Irish Sun, on 2020-05-28 07:42)
MarketWatch reported that the foodservice industry, which is collectively worth about $300 billion, experienced a sales decline of 60 percent to 90 percent during coronavirus.
(From theTrumpet.com, on 2020-05-28 11:00)
Statements from 27 May 2020, at 1:20 PM
As well as causing more than 350,000 deaths, the novel coronavirus outbreak has stalled the global economy and turned business models upside down in everything from the media and advertising to airlines, hospitality and commercial property.
(From Reuters - Top News, on 2020-05-27 13:54)
Mr Neal said a sharp V-shaped economic bounce-back seemed "very unlikely," but he praised the government’s "phenomenal" job in handling the coronavirus crisis and setting up the economy for recovery.
(From The Sydney Morning Herald - Latest News, on 2020-05-27 14:00)
Humphrey Cadoux-Hudson, the project’s managing director, said: "Sizewell C is a net zero infrastructure project ready to kick-start the economy following the coronavirus crisis."
(From The Independent, on 2020-05-27 13:16)
The EU's executive is proposing a 750 billion-euro ($825 billion) recovery fund to help the bloc's economy through the deep recession induced by the coronavirus pandemic, commissioner Paolo Gentiloni said on Wednesday.
(From News18 - World News, on 2020-05-27 00:37)
The proposal would siphon off a chunk of the $694 million the city is receiving as part of the federal government’s $2 trillion coronavirus stimulus program that passed in March.
(From LA Times - California, on 2020-05-27 13:00)
French government has made any bailout contingent on profitability improvements. Air France-KLM will slash 40 per cent of its French domestic flights by next year in exchange for receiving seven billion euros ($7.7 billion) in emergency coronavirus funding backed by the French state, the company's chief executive said Wednesday.
(From Gulf News - Business, on 2020-05-27 13:15)
The African economy will recover quickly from the devastating impact of the Coronavirus pandemic if there is a meaningful collaboration between governments and the private sector, some global leaders said on Monday.
(From AllAfrica News, on 2020-05-27 07:40)
Worsening relations between the world’s two biggest economies could further hobble global business activity, which is already under pressure from the coronavirus pandemic.
(From Reuters - Company News, on 2020-05-27 11:28)
Manitoba is slowly reopening its economy and loosen COVID-19 restrictions, but people still need to exercise caution to prevent the spread of the coronavirus.
(From Winnipeg Sun, on 2020-05-27 10:51)
Pheu Thai party secretary-general Anudit Nakorntap, meanwhile, said that the Government has over extended “without first checking the amount of money already in its pockets.” He said that the defence procurement budget could be delayed and the money used to cushion the impacts of the virus on the economy, businesses and the people.
(From Thai PBS World, on 2020-05-27 11:27)
The euro zone economy is likely to shrink between 8 per cent and 12 per cent this year as it struggles to overcome the impact of the coronavirus pandemic, European Central Bank President Christine Lagarde said on Wednesday.
(From The Globe and Mail - Business, on 2020-05-27 10:52)
The European Union’s executive arm is proposing a 750 billion-euro ($825 billion) recovery fund to help the bloc’s economy through the painful recession triggered by the coronavirus pandemic, commissioner Paolo Gentiloni said Wednesday.
(From The Globe and Mail - Business, on 2020-05-27 10:57)
Bank of Montreal reported a 54-per-cent plunge in second-quarter profit as it earmarked more than $1.1-billion to cover potential losses on loans amid the coronavirus pandemic.
(From The Globe and Mail - Business, on 2020-05-27 12:01)
Berlin had launched on Monday, May 25, a 9-billion-euro ($9.8-billion) rescue of Lufthansa under a deal that sees it take a 20% stake of the coronavirus-ravaged group.
(From Rappler, on 2020-05-26 15:40)
Global investment in energy is set to drop by 20 percent, or by nearly $400 billion, this year as demand plummets in the wake of the coronavirus pandemic, the International Energy Agency (IEA) forecast.
(From Arab News - Middle East, on 2020-05-27 04:44)
With the state Health Department recording no new coronavirus cases for three days in a row on Tuesday, as well as numerous days with zero to just a few new cases on Oahu, Caldwell said he felt confident he could move forward with further phases of reopening Honolulu’s economy.
(From Honolulu Star-Advertiser, on 2020-05-27 10:05)
Meanwhile, China’s Xi has adopted a somewhat softer public line that some are describing as “vaccine diplomacy.” Xi says China will spend $2 billion to help developing countries.
(From WABE, on 2020-05-27 12:01)
The onset of the coronavirus pandemic has driven even more people to the app, which now has more than 2 billion users.
(From Business Insider, on 2020-05-27 10:57)
Sisolak shuttered the casinos, which draw millions of tourists and power the state economy, 10 weeks ago to help stop the spread of the coronavirus.
(From Global News, on 2020-05-27 10:31)
Japan announced fresh stimulus plans worth nearly US$300 billion on Wednesday (May 27) to pep up the economy after the coronavirus pandemic tipped the country into recession.
(From Channel News Asia - Latest News, on 2020-05-27 10:55)
Profits at China’s industrial firms fell at a slower pace in April, helped by improvements in automobiles and electronics, but the damage wrought by the coronavirus crisis is set to keep the economy and businesses under pressure for most of this year.
(From The Sun Daily (Malaysia) - Business, on 2020-05-27 07:58)
Authors of the research, which was endorsed by more than 30 environmental groups, said it was crucial that governments end the practice of propping up oil and gas in the economic stimulus being unleashed due to the coronavirus pandemic.
(From Japan Times - Top Stories, on 2020-05-27 11:42)
Two of the world’s biggest economies said today that they would pump trillions of dollars into propping up businesses, industries and individuals hard-hit by the coronavirus.
(From NY Times - Business News, on 2020-05-27 09:25)
In New York, the state with the highest death toll from the virus, Governor Andrew Cuomo said it was time to focus on relaunching New York City’s moribund economy.
(From Gulf News - World, on 2020-05-27 07:52)
Statements from 19 May 2020, at 6:12 PM
A bipartisan group of senators on Monday signed onto a bill to establish a $500 billion fund to help state and local governments, whose revenues are severely curtailed by coronavirus-related closings.
(From Reuters - Politics, on 2020-05-19 22:08)
The city state will see three-quarters of its economy resume normal operations when curbs to fight the coronavirus are eased from June 2, although the relaxing of measures will likely see a rise in daily cases, its government said on Tuesday.
(From Bangkok Post - World, on 2020-05-19 21:45)
The coronavirus pandemic has devastated the economy, leading to more than 36 million jobless claims over the last six weeks, and raising questions about the kind of opportunities that might be left for people with autism.
(From CNET, on 2020-05-19 21:45)
At a time of escalating tensions between the United States and China over trade, technology and the spread of the coronavirus, Nasdaq's curbs on small Chinese IPOs represent the latest flashpoint in the financial relationship between the world's two largest economies.
(From Straits Times - Business, on 2020-05-19 21:00)
As the governments press the restart button and the paused global economy starts gaining its momentum, will nature conservation remain a priority in the post-coronavirus era?
(From The Daily Star - Headlines, on 2020-05-19 18:00)
Chairman of the PTF and Secretary to the Government of the Federation SGF, Mr Boss Mustapha said the decision of government to extend the eased lockdown for another two weeks is to effectively contain the virus before fully reopening the economy fully.
(From Vanguard News, on 2020-05-19 20:34)
“We have a lot of cattle in this country.” Trump made the comments at a White House event held to discuss $19 billion in coronavirus relief approved by Congress to help farmers.
(From Reuters - Business, on 2020-05-19 20:24)
President Trump signed an executive order this afternoon tasking agencies with making additional regulatory rollbacks, an action that he claimed would spur growth as the country's economy reels from the novel coronavirus pandemic.
(From E&E News PM, on 2020-05-19 20:22)
Xi skimmed over China's handling of the initial outbreak late last year and emphasised its commitment to the global pandemic fight, pledging $US2 billion.
(From The Sydney Morning Herald - Latest News, on 2020-05-19 20:06)
VARIOUS EU aid packages worth a total of €2trn can play a vital role in helping Ireland rebuild the economy after coronavirus and get people back to work, Finance Minister Paschal Donohoe has said.
(From Independent.ie, on 2020-05-19 20:01)
Luxury veterans might still remember how the SARS outbreak in China left the industry in despair in the early 2000s, leading to billions in losses and cost the Chinese GDP growth by nearly 1%.
(From Jing Daily, on 2020-05-19 18:52)
Abbott decided to reopen the economy as the number of coronavirus cases steadily increases and test numbers fall short of the state's own recommendations.
(From Texas Tribune, on 2020-05-19 15:28)
“The coronavirus crisis has only exacerbated the economic and investigatory challenges that arise from keeping a $15 billion industry in the shadows,” he said.
(From Marijuana Moment, on 2020-05-19 16:55)
In a sometimes testy hearing before the Senate Banking Committee, Mnuchin and Federal Reserve Chair Jerome Powell said the nearly $3 trillion in coronavirus rescue programs rolled out by the federal government over the past two months were working to support an economy devastated by the novel coronavirus.
(From Reuters - Business, on 2020-05-19 18:47)
The initiative is part of government-led stimulus package to revive tourism in one of the world’s top destinations as hotels, restaurants, theme parks as well as travel sites and tour operators are among the hardest hits by lockdowns and restrictions to fight the global coronavirus pandemic.
(From Techdirt, on 2020-05-19 17:47)
Coronavirus: Egypt tightens measures during Eid al-Fitr holidays. IMF agrees to lend Egypt $2.77 billion to help with coronavirus fallout.
(From AlArabiya.net MRSS for section Business, on 2020-05-19 17:17)
This came as the country looked to Macron to spearhead the fight against the coronavirus outbreak that has seen the economy tank in spite of several billions of euros in government interventions to prop up businesses and save jobs.
(From Gulf News - World, on 2020-05-19 16:36)
In its declaration, the EDS listed 15 priorities that included “reindustrialising” the economy, seeking “real transparency” in politics and boosting a public health system caught ill-prepared for the coronavirus crisis.
(From Gulf News - World, on 2020-05-19 16:36)
Lawmakers approved an extra $10.5 billion for the Pentagon's coronavirus response — including National Guard deployments, purchases of equipment under the Defense Production Act and vaccine research.
(From Politico - Defense, on 2020-05-19 15:27)
Malpass said the World Bank has now launched emergency coronavirus aid programs in 100 developing countries, with commitments for concessional financing and grants of about $5.5 billion so far.
(From News18 - Business, on 2020-05-19 05:22)
When Bangladesh is struggling to fight against the deadly coronavirus pandemic, another catastrophe is heading towards the country's coastal areas in the form of super cyclone Amphan, bringing a double blow to the impoverished people as well as the economy of the nation.
(From The Daily Star - Headlines, on 2020-05-19 15:45)
Powell said in prepared remarks for the hearing released yesterday that the Coronavirus Aid, Relief and Economic Security (CARES) Act was “critical” to the US central bank’s ability to expand credit throughout the economy to offset the blow from the coronavirus.
(From Malay Mail, on 2020-05-19 14:41)
Mnuchin said the government is willing to take risks with the funds it has put up to help the economy withstand the unprecedented hit from the coronavirus pandemic.
(From Malay Mail, on 2020-05-19 15:39)
Statements from 14 May 2020, at 10:52 PM
“It’s not good news for reducing the trade deficit or helping our economy recover from the coronavirus crisis,” he said.
(From Thai PBS World, on 2020-05-15 02:34)
Majority owner SoftBank Group Corp said two weeks ago that it anticipates a loss of about 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the coronavirus compounds woes at one of the firm’s biggest bets.
(From Reuters - Company News, on 2020-05-15 00:23)
The deadly coronavirus pandemic will cost the global insurance industry about $203 billion (188 billion euros), Lloyd's of London insurance market forecast on Thursday, May 14.
(From Rappler, on 2020-05-14 11:00)
Restaurants, cafes and bars in Australia’s most populous state were reopening on Friday after a two-month shutdown under coronavirus lockdown measures, boosting the federal government’s bid to get people back in work and the economy back on track.
(From The Sun Daily (Malaysia) - World, on 2020-05-15 01:30)
US could cut ties with China over coronavirus, ‘save $500 billion’: Trump
(From Deutsche Welle, on 2020-05-14 23:34)
Despite the skyrocketing number of cases, Brazil's populist President Jair Bolsonaro is urging regional governments to open up the economy and remove movement restrictions, arguing a bankrupt economy will cost more lives than the virus.
(From Deutsche Welle, on 2020-05-15 00:11)
As its early draconian controls contained the virus better than its peers, China's recovery has enabled the re-opening of its economy sooner.
(From Bangkok Post - Opinion, on 2020-05-14 21:00)
According to NPPC, hog farmers across the country are expected to lose $5 billion this year due to coronavirus closures.
(From CBSNews.com - USA, on 2020-05-14 23:07)
He said Democrats had put out a “seasonal catalogue of left-wing oddities and called it a coronavirus relief bill.“ Congress has approved nearly $3 trillion in recent weeks to address the country’s twin economic and health crises, including money for coronavirus testing.
(From Toronto Star, on 2020-05-14 21:56)
Cases of the coronavirus have spiked in the past week in Chile, prompting increasingly tough lockdown measures that have left many out of work and Chile’s once stable economy in tatters.
(From Reuters - World News, on 2020-05-14 22:32)
Newsom said billions more in cuts to schools can be staved off by tapping federal coronavirus funding and reducing some tax perks.
(From CBSNews.com - Headlines, on 2020-05-14 22:17)
CBS News campaign reporter Zak Hudak says the Coronavirus Containment Corps Act would give the Centers for Disease Control 21 days to develop a national contact tracing strategy for the virus and provide $10 billion in funding for states and tribal nations to prepare for a fall outbreak and to hire more than 100,000 employees to help track the virus.
(From CBSNews.com - Headlines, on 2020-05-14 22:22)
As people across the country have remained home for about two months now, the majority of the public is still prioritizing staying at home to slow the spread of the coronavirus outbreak over reopening the economy – even as some states slowly begin to reopen for business.
(From CBSNews.com - Headlines, on 2020-05-14 22:22)
US President Donald Trump signalled a further deterioration of his relationship with China over the novel coronavirus, saying he has no interest in speaking to President Xi Jinping right now and going so far as to suggest he could even cut ties with the world's second largest economy.
(From The Sydney Morning Herald - Latest News, on 2020-05-14 21:16)
In China 55% of consumers will keep on buying food and everyday goods online even after the pandemic has ended, but China had already begun to reduce its exposure to world economies long before the outbreak of Covid-19.
(From Modern Diplomacy, on 2020-05-14 22:00)
“This reversal of economic fortune has caused a level of pain that is hard to capture in words, as lives are upended amid great uncertainty about the future.” The federal government has spent trillions of dollars so far to put more money in people’s pockets with stimulus checks and small business loans, but many Americans continue to struggle to make ends meet as the economy remains mostly shuttered to slow the spread of the coronavirus.
(From LA Times - California, on 2020-05-14 21:55)
Newsom last week said California and other states will need a federal bailout to cover their unexpected coronavirus costs, and on Monday joined officials in Oregon, Nevada, Washington and Colorado seeking a combined $1 trillion in aid.
(From The Mercury News, on 2020-05-14 21:39)
Hong Kong's economy has been buffeted by last year's protests, and then the coronavirus outbreak.
(From Straits Times - Business, on 2020-05-14 21:00)
This month, the People's Bank of China pledged to roll out "more powerful" monetary stimulus, and the fiscal authorities are expected to issue a record amount of special-purpose bonds.
(From Straits Times - Business, on 2020-05-14 21:00)
On 7 May, the UN launched its updated COVID-19 Global Humanitarian Response Plan (GHRP), a $6.7 billion appeal to protect millions of lives and stem the spread of coronavirus in fragile countries.
(From ReliefWeb, on 2020-05-14 20:05)
Analysts predict that retail will see a global loss of $2.1 trillion in 2020 because of the coronavirus pandemic.
(From Mashable, on 2020-05-14 16:25)
Bank of America Corp on Thursday sold a debut $1 billion corporate bond, the first from a global commercial bank with the specific purpose of financing parts of the health industry as it battles the coronavirus pandemic.
(From Market Watch - Top Stories, on 2020-05-14 20:35)
The number of people seeking help from her organisation and affiliated food pantries has surged 60 per cent since the start of the coronavirus pandemic, which has shut down the nation's economy and thrown tens of millions of people out of work.
(From The Sydney Morning Herald - Latest News, on 2020-05-14 20:28)
Statements from 13 May 2020, at 7:26 PM
Health experts told members of Congress on Wednesday that states need more help from the federal government on coronavirus testing in order to safely reopen the economy.
(From The Hill - All News, on 2020-05-13 22:08)
As Indians await details of a huge coronavirus relief package Prime Minister Narendra Modi has announced to jump-start the economy, the virus outbreak in the financial capital of Mumbai and elsewhere in Maharashtra state is starting to overwhelm hospitals and slums, complicating any economic recovery plan.
(From iPolitics.ca, on 2020-05-13 20:21)
California has had 60% more wildfires so far in 2020 than last year because of drier weather, Governor Gavin Newsom said on Wednesday, and he promised increased funding for firefighting even as the state’s budget faces a $54 billion hit from the impact of the coronavirus outbreak.
(From Reuters - U.S., on 2020-05-13 20:52)
A huge, high-profile office complex near San Jose’s Santana Row has resumed construction, the principal owners of the retail center and office project said Wednesday, in a fresh sign that some parts of the Bay Area economy have begun to revive amid coronavirus-linked business shutdowns.
(From The Mercury News, on 2020-05-13 21:13)
“In order to turn the economy around, we have to get rid of the pandemic.” The virus outbreak is rewriting the rules of the fall elections, and Pelosi acknowledged that voter turnout will be key as Democrats push alternatives to in-person ballots.
(From The Mercury News, on 2020-05-13 22:32)
His insinuation that China has something to hide sparked a firm response from Beijing, Australia's largest trading partner, with China threatening to slap tariffs on billions of dollars worth of Australian agricultural exports.
(From GZERO Media, on 2020-05-13 20:13)
Widespread shutdowns aimed at containing the virus are taking a huge toll on the global economy, and especially poor countries with weak health systems, high debt levels and few resources to manage the dual health and economic crises.
(From The Daily Star - World, on 2020-05-13 18:00)
Chinese authorities estimate that box office losses due to coronavirus closures may exceed $4.2 billion this year.
(From Variety, on 2020-05-13 21:44)
The coronavirus outbreak will cost the economy two trillion pesos (S$56 billion) this year or nearly a tenth of GDP, the Development Budget Coordination Committee said in a statement yesterday.
(From Straits Times - Business, on 2020-05-13 21:00)
Britain's economy shrank by a record 5.8 per cent in March from February as the coronavirus crisis escalated and the government ordered a shutdown of much of the country to stop the spread of the virus, official data showed yesterday.
(From Straits Times - Business, on 2020-05-13 21:00)
“Our goal is to steadily increase economic activity while putting measures in place to reduce the transmission of the virus and provide adequate care for those who become infected and need treatment.” Africa’s most industrialised economy has recorded 219 coronavirus deaths, with 12,074 confirmed cases, Ramaphosa said.
(From Reuters - World News, on 2020-05-13 20:50)
Don’t let go health precautions as UAE economy reopens. Resuming the economic activities in a country is not a simple decision to take amid the coronavirus pandemic, nor is it an easy task.
(From Gulf News - Opinion, on 2020-05-13 10:46)
The country’s biggest airlines are urging lawmakers to include loan guarantees for their industry in a proposed stimulus bill to support sectors devastated by the coronavirus pandemic.
(From Inquirer Philippines, on 2020-05-13 21:12)
The Philippine economy’s contraction this year could be greater than earlier predicted as measures to contain the coronavirus outbreak weigh on domestic demand and investments, and the budget deficit is expected to rise sharply in 2020.
(From Inquirer Philippines, on 2020-05-13 21:34)
Powell's comments came one day after top US scientist Anthony Fauci cautioned that ending the coronavirus shutdowns and reopening the economy too quickly would compromise public health.
(From Channel News Asia - Business, on 2020-05-13 21:10)
“The suddenness of the coronavirus outbreak and the federal government’s quick action to bolster the economy and assist residents means that, in some cases, checks have mistakenly been issued to deceased relatives,” Ocean County Freeholder Director Joseph Vicari said.
(From The SandPaper, on 2020-05-13 20:52)
Egypt said on Tuesday that it had received $2.77 billion through an IMF Rapid Financing Instrument designed to help close a gap in its balance of payments as the new coronavirus outbreak takes its toll on the economy.
(From Arab News - Front Page, on 2020-05-13 17:25)
Also last month, a Canadian biotech firm reported promising results in treating coronavirus patients with its HIV drug leronlimab, which Samsung Biologics will supply for up to $1 billion over the next few years.
(From Foreign Policy, on 2020-05-13 19:58)
The coronavirus pandemic has devastated the tourism industry, as countries sealed their borders, flights ground to a halt and billions of people sheltered at home.
(From NY Times - World News, on 2020-05-13 20:53)
Japan will create a scheme to inject capital into large and mid-size companies suffering a hit from the coronavirus pandemic, the Nikkei newspaper said on Thursday, as the health crisis threatens to inflict lasting, deeper pain on the ailing economy.
(From Reuters - Company News, on 2020-05-13 21:05)
The IMF in April predicted a 3% contraction of the global economy this year, based on projections which assumed the coronavirus health crisis eases in the second half of the year.
(From Voice of America, on 2020-05-13 19:17)
The Italian government approved on Wednesday a much-awaited economic package -- worth €55 billion ($59.5 billion) -- which aimed at helping families and firms damaged by the forced lockdown due to the coronavirus outbreak.
(From AA.com.tr, on 2020-05-13 21:02)
The UN's mid-year report said the novel coronavirus is expected to slash global economic output by nearly $8.5 trillion over the next two years, wiping out nearly all gains of the last four years.
(From Gulf News - World, on 2020-05-13 17:55)
New coronavirus clusters have surfaced around the world as nations struggle to balance reopening economies and preventing a second wave of infections, while a top global health official warned Wednesday that COVID-19 could be around for a long time.
(From Huffington Post, on 2020-05-13 18:50)
House Democrats' bill authorising another round of $1,200 stimulus checks and other coronavirus relief measures is 'DOA in the Senate,' a Finance Committee spokesperson said Congressional Democrats and Republicans appear to be drifting even farther apart on every aspect of the government's coronavirus response.
(From The Independent, on 2020-05-13 18:07)
"I don’t think we have yet felt the urgency of acting immediately," Senate Majority Leader Mitch McConnell said on Monday of the health crisis, reminding people of the fact that the federal government has yet to roll out billions of dollars in aid from previous bills.
(From The Independent, on 2020-05-13 18:07)
Shelved guidance from the Centers for Disease Control and Prevention on reopening the economy amid the coronavirus pandemic included more severe restrictions than the White House’s proposal for reopening, The Associated Press reported Wednesday.
(From The Hill - All News, on 2020-05-13 19:25)
The coronavirus pandemic is taking a huge economic toll on every country in the world, but emerging-market economies are being hit particularly hard.
(From GZERO Media, on 2020-05-13 19:22)
If the coronavirus pandemic threatens this revenue stream for months more—and particularly if the premature “reopening” of the economy causes a resurgence of Covid-19 cases, a cycle that America is easily dumb enough to repeat multiple times—those hospitals will be the first to collapse.
(From The New Republic, on 2020-05-13 16:45)
France’s bookstores were allowed to reopen on Monday for the first time since March 17 as the government tries to balance the need to resuscitate a crashing economy with the risk that the spread of the new coronavirus accelerates once more.
(From Reuters - World News, on 2020-05-13 17:38)
Therefore, many state and local governments are slowly reopening their economies with social distancing measures still in place: They seek to balance the risk of longer-term economic damage from prolonged business closures with the risk of another severe virus outbreak.
(From PIMCO Blog, on 2020-05-13 13:27)
He said the US government may need to pump even more aid into the economy, which is bleeding millions of jobs every week as collateral damage in the battle against the coronavirus pandemic.
(From The Sydney Morning Herald - National, on 2020-05-13 18:57)
Statements from 11 May 2020, at 12:12 PM
More recently, due to people being stuck at home during the coronavirus lockdown, the channel received yet another dramatic boost: the same report predicts that retail-streaming will reach a total of $129 billion in transactions in 2020.
(From The Next Web, on 2020-05-11 15:00)
Bottom line, while not trumpeting it, China is committed to doing all it takes to defeat the virus impact on the economy much like the US Fed, European Central Bank and Bank of Japan.
(From Asia Times, on 2020-05-11 14:48)
As a marching band welcomed visitors to the Shanghai park on Monday, authorities around the world were facing rising pressure to end lockdowns and revive economies slammed by the global outbreak.
(From Financial Post - Top Stories, on 2020-05-11 13:31)
The S&P 500 and Dow Jones indexes retreated on Monday after last week’s rally, as investors worried about a second wave of coronavirus infections with the reopening of several economies.
(From Reuters - Top News, on 2020-05-11 14:42)
How do you know when a region’s economy has recovered from the coronavirus pandemic?
(From Geekwire, on 2020-05-11 15:00)
A 2nd wave of US virus cases will plunge the economy into a depression, Moody’s economist warns
(From Business Insider Singapore, on 2020-05-11 12:46)
The portfolio was valued at about $7 billion earlier this year, Reuters reported, before the novel coronavirus ravaged the market, redirecting consumers’ focus towards online beauty products including home dye kits.
(From Reuters - Company News, on 2020-05-11 13:10)
“Starting tomorrow, May 12, the national non-working period will end for the entire country and for all sectors of the economy,” Putin said in his sixth televised address on the coronavirus.
(From The Moscow Times, on 2020-05-11 13:20)
US Treasury Secretary Steven Mnuchin said today he sees no need for the country to buy back debt and that he plans to borrow money long-term to lock in low interest rates, as the coronavirus pandemic rocks the economy.
(From Malay Mail, on 2020-05-11 13:59)
Indonesia is drawing up a $1-billion rescue plan for struggling national airline Garuda after the coronavirus forced the company to ground most of its planes, Bloomberg News reported on Monday, May 11.
(From Rappler, on 2020-05-11 13:02)
Widespread testing needed to avert second wave as restrictions eased Australia is on guard for a second coronavirus surge as states and territories begin to ease restrictions while South Korea, Germany and China grapple with outbreaks shortly after reopening parts of their economy.
(From The Sydney Morning Herald - National, on 2020-05-11 14:00)
The president has scaled back what used to be regular briefings by the White House coronavirus task force, replacing them with more structured events spotlighting efforts to reopen the country’s economy amid the pandemic.
(From The Hill - All News, on 2020-05-11 12:03)
Congress included $50 million in legal aid funding in the March 28 coronavirus stimulus bill, but that money has already been distributed to more than 130 legal aid groups around the country which are struggling to meet demand.
(From NPR News, on 2020-05-11 11:32)
Visitors wearing face masks streamed into Shanghai Disneyland as China’s most prominent theme park reopened Monday in a new step toward rolling back anti-coronavirus controls that shut down its economy.
(From Market Watch - Top Stories, on 2020-05-11 12:42)
Markets were also lifted by comments from the People’s Bank of China over the weekend that it would take “more powerful policies” to support the economy, and the US and China restarting trade talks.
(From Guardian - World, on 2020-05-11 12:05)
As the coronavirus pandemic continues to disrupt worldwide economies and everyday life, Mastercard vows to connect 1 billion people and 50 micro-businesses to the digital economy by 2025.
(From PYMNTS.com, on 2020-05-11 10:40)
Kubayi-Ngubane said numerous elements will go into the planning of the tourism recovery plan, including an analysis of the impact of the coronavirus on the global and domestic economy.
(From IOL - Travel, on 2020-05-11 11:10)
In an interview on Monday on The Irish Times Confronting Coronavirus podcast, Ms Humphreys said figures showing a slower spread of the illness were encouraging and could expedite the roadmap setting out the timetable for the reopening of the economy, if the trend continues.
(From Irish Times - Top Stories, on 2020-05-11 11:20)
White House starts talks with lawmakers about new stimulus round. The White House has launched discussions with lawmakers about a new round of stimulus spending to help businesses, states, and individuals get through the coronavirus crisis, Trump administration officials said Sunday.
(From The Week, on 2020-05-11 11:24)
Coronavirus: evidence of demand shock wave to China’s economy piles up, as South Korean exports collapse
(From South China Morning Post - China, on 2020-05-11 11:30)
The Government's coronavirus interruption loan schemes (CBILS and CLBILS) could contribute between £10 billion and £20 billion of this, the trade body found.
(From The Independent, on 2020-05-11 10:57)
British Prime Minister Boris Johnson will on Monday give details of how to get the economy back to work, after his attempt to plot a nuanced exit from the coronavirus lockdown prompted confusion, opposition and even satire across the United Kingdom.
(From News18 - World News, on 2020-05-10 22:17)
While the number of confirmed coronavirus cases and deaths has been low in Japan by some international comparisons, the Japanese economy — the world’s third-largest — has been seriously hit by the global repercussions of the pandemic and is expected to have sunk into a recession this year.
(From Japan Times - Top Stories, on 2020-05-10 23:21)
While California has avoided the grim death toll of coronavirus hot spots like New York, there are growing concerns that the state’s most populous regions have not yet seen the rapid decline in deaths and cases needed to significantly reopen the economy.
(From LA Times - California, on 2020-05-11 11:35)
The BoE last week held interest rates steady at its meeting and announced no further stimulus, although it said it was ready to take further action to counter the coronavirus pandemic’s fallout.
(From Malay Mail, on 2020-05-11 08:57)
Last month, China became the first major economy to exit its coronavirus lockdown, even as it announced a contraction in its gross domestic product for the first quarter of the year.
(From Straits Times - Business, on 2020-05-11 07:07)
Coronavirus: China central bank primed for stimulus boost as pandemic continues to plague economy
(From South China Morning Post - China's Economy, on 2020-05-11 07:49)
European shares climbed on Monday as investors clung to signs that more countries were restarting their economies and looked past reports of a pick-up in new coronavirus cases.
(From Reuters - Top News, on 2020-05-11 08:51)
France tiptoed out of one of Europe’s strictest coronavirus lockdowns on Monday, reopening shops, factories and some schools to revive the economy but wary of the risks of a second wave of infections.
(From Reuters - World News, on 2020-05-11 08:25)
Australia is on guard for a second coronavirus surge as states and territories begin to ease restrictions while South Korea, Germany and China grapple with outbreaks shortly after re-opening parts of their economy.
(From The Sydney Morning Herald - Latest News, on 2020-05-11 08:00)
Economy minister Yasutoshi Nishimura said on Sunday the government is looking to lift the state of emergency in “many of 34 prefectures” that are not among those hit hardest by the coronavirus before the nationwide extension ends on May 31.
(From Japan Times - Top Stories, on 2020-05-10 17:38)
China’s Wuhan city is considering steps to support its biggest local automaker Dongfeng Motor Corp, according to a draft policy document reviewed by Reuters, as the epicentre of China’s novel coronavirus outbreak tries to revive its economy.
(From Reuters - Business, on 2020-05-11 07:58)
Statements from 6 May 2020, at 4:36 PM
Recently the head of the White House Coronavirus Task Force, Deborah Birx, went on Meet the Press and told NBC’s Chuck Todd that one key to ending the coronavirus lockdown and letting states restart their economies will be developing a new way to test whether people are infected.
(From MIT Technology Review, on 2020-05-06 11:01)
The pessimistic projections reinforce concerns that the collapse in global demand will restrain the recovery in the world's second-biggest economy as it gets back on its feet after weeks of paralysis due to the virus outbreak.
(From News18 - World News, on 2020-05-06 06:10)
China's factories suffered a collapse in export orders in April, latest surveys showed, amid reports that foreign customers cancelled a bulk of orders as the coronavirus health crisis shut down large parts of the world economy.
(From News18 - World News, on 2020-05-06 06:10)
"We think Beijing will most likely substantially lower its 2020 GDP growth target due to the severe blow from Covid-19 on China's and the global economy," said Nomura analysts, adding that they expect the target to be no higher than 3 per cent.
(From News18 - World News, on 2020-05-06 06:10)
The United Nation's leader said Wednesday the world's 1 billion people living with disabilities are among the hardest hit by the coronavirus and called for them to have equal access to prevention and treatment of Covid-19.
(From News18 - World News, on 2020-05-05 20:12)
"The EU economy will experience a recession of historic proportions this year," the commission said in its new economic forecast, which comes after weeks of economic shutdowns and social restrictions because of the coronavirus.
(From NPR News, on 2020-05-06 14:16)
The nation has unveiled stimulus packages worth 75 billion riyals ($20.5 billion) - more than 10% of gross domestic product - to help the private sector mitigate the impact of the coronavirus outbreak.
(From Gulf News - Business, on 2020-05-06 09:28)
The officials also expressed concern that governors moving to reopen their economies while cases were still prevalent threatened to plunge the nation into a new and potentially deadlier chapter of the outbreak.
(From Guardian - World, on 2020-05-06 15:18)
BorgWarner also reported a smaller-than-expected fall in first-quarter profit, while lowering its full-year sales outlook by about 23% at the mid-point to $7.63 billion, as several automakers cut production drastically due to the coronavirus crisis.
(From Reuters - Company News, on 2020-05-06 13:38)
Concerns about the health of the global economy due to the coronavirus pandemic have boosted “safe-haven” gold by 12% so far this year, while copper, seen as a bellwether for economic health, is down about 15%.
(From Reuters - Company News, on 2020-05-06 14:01)
The NIS said the virus pandemic is hurting North Korea's economy, mainly because of the border closure with China, its biggest trading partner and aid provider.
(From ABC News - Top Stories, on 2020-05-06 11:02)
The transfer value of players in 10 of Europe’s top leagues could plummet by up to 10 billion euros due to the economic crash caused by a coronavirus, a study from accounting firm KPMG said on Wednesday.
(From The Guardian Nigeria, on 2020-05-06 12:42)
Samsung reported a slight fall in first quarter net profits last month to 4.88 trillion won ($4 billion), citing impacts of the coronavirus pandemic.
(From Asia Times, on 2020-05-06 08:04)
Investors are also turning positive on China's economy, with Morgan Stanley raising its overweight position on China's equity markets.
(From Deutsche Welle, on 2020-05-06 09:37)
White House to consult medical experts on informal basis, focus on economy. Despite growing evidence that the pandemic is still raging, administration officials said Tuesday that they had made so much progress in bringing it under control that they planned to wind down the coronavirus task force in the coming weeks and focus the White House on restarting the economy.
(From Gulf News - World, on 2020-05-06 07:24)
The photo showed mountains of spuds that farmers were forced to dump as the coronavirus outbreak upends the economy.
(From TIME, on 2020-05-06 11:42)
He said he's not sure if the economy will get back to pre-COVID-19 levels by year-end, citing the potential for a second wave of the virus and climbing unemployment as headwinds.
(From Benzinga, on 2020-05-06 14:17)
The Labor Department’s April jobs report on Friday will also show the extent of the overall damage to the economy from the virus outbreak.
(From CityNews Toronto, on 2020-05-06 14:48)
India's services activity suffered a shock collapse in April as the coronavirus lockdown crippled global demand, causing a historic spike in layoffs and reinforcing fears of a deep recession in Asia's third-largest economy, a private survey showed.
(From News18 - Business, on 2020-05-06 05:30)
Last month, however, Iraq’s exports to India plummeted to the lowest since June 2018 as the South Asian country shut down much of its economy to counter the coronavirus and refiners there reduced operating runs and rerouted cargoes.
(From AlArabiya.net MRSS for section Business, on 2020-05-06 11:17)
US private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last month.
(From AlArabiya.net MRSS for section Business, on 2020-05-06 12:39)
But for now the virus is ruthlessly laying bare the ways Mr. Erdogan has left the Turkish economy vulnerable, and it has united his opponents, who have challenged his every move during the outbreak.
(From NY Times - World News, on 2020-05-06 14:00)
Johnson and his government have been criticised by opposition parties and some scientists for their response to the outbreak of the coronavirus, with many raising questions over the testing strategy, provision of protective equipment and timing of a lockdown which has all but shut the economy.
(From Reuters - World News, on 2020-05-06 14:22)
She said the coronavirus pandemic had reduced the automaker’s first-quarter profit by $1.4 billion, with about half of that in North America.
(From Reuters - Business, on 2020-05-06 13:42)
The economic consequences of the federal government's response to the coronavirus outbreak, including a $130 billion wage subsidy program, will trigger a likely budget deficit of about $60 billion this year and $100 billion the following year.
(From The Sydney Morning Herald - Latest News, on 2020-05-06 12:30)
China has tried to encourage domestic tourism in a bid to revive an economy seriously battered by the coronavirus.
(From Reuters - Company News, on 2020-05-06 04:31)
Statements from 3 May 2020, at 5:39 PM
The system, by making it hard for rural migrant workers to put down roots in the city, also hinders China's urbanisation process that the government is keen to promote to grow the country's middle class, as part of its transition from an investment-and export-oriented economy to one driven by consumption.
(From Straits Times - Opinion, on 2020-05-04 21:00)
European leaders have committed more than $8 billion (£6.5 billion) in a bid to help develop a sorely-needed COVID-19 vaccine and fund research into the diagnosis and treatment of the coronavirus outbreak, according to a release on the EU Commission website.
(From Interesting Engineering, on 2020-05-04 19:36)
Kate O’Hara, executive director of the East Bay Alliance for a Sustainable Economy, said the emergency paid sick leave ordinance would go beyond the federal Families First Coronavirus Response Act by requiring all employers to provide paid sick leave — including those with more than 500 employees, who were left out of the federal legislation.
(From The Mercury News, on 2020-05-04 20:35)
"We can pass all the reforms and laws and changes and everything we like, if we lose our trading relationship with China, it'll all count for nothing because around a quarter at least of our entire economy is dependent on our trading relationship with China," he said.
(From The Sydney Morning Herald - Latest News, on 2020-05-04 21:56)
The global economy and our prosperity have been immeasurably damaged by the coronavirus which had its origin in China.
(From The Sydney Morning Herald - Latest News, on 2020-05-04 21:56)
Cabinet meets as restrictions cost the country $4 billion a week
(From The Sydney Morning Herald - Latest News, on 2020-05-04 21:30)
“The US is our largest trading partner and increasing transatlantic trade can help our economies bounce back from the economic challenge posed by coronavirus,” she said.
(From Guardian - Business, on 2020-05-04 21:00)
The province of Quebec, worst hit in Canada by the coronavirus, began gradually reopening its economy on Monday but pushed back plans for a restart in the city of Montreal, citing health concerns.
(From Reuters - World News, on 2020-05-04 20:32)
“Given the enormous impact of the coronavirus outbreak on the American economy, and especially the unprecedented spike in unemployment that has occurred in recent weeks, it is no surprise to see banks reining in lending,” the study’s authors wrote.
(From PYMNTS.com, on 2020-05-04 20:30)
Fortunately, much of our service territory is not experiencing an overwhelming number of positive coronavirus cases, and the impacts to our local economies are not as severe as the more urban areas of the country.
(From GlobeNewswire - Earnings Releases And Operating Results, on 2020-05-04 20:15)
The attorney general, Josh Shapiro, said he hoped the changes DoorDash was making would “inspire others to act.” The coronavirus pandemic has elevated concerns about the gig economy model, which offers workers flexibility but does not provide traditional employment protections like paid sick leave and medical insurance.
(From NY Times - Dealbook, on 2020-05-04 20:03)
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Italy and the United States were among a slew of countries tentatively easing coronavirus lockdowns on Monday to revive economies as global deaths neared a quarter of a million.
(From Reuters - World News, on 2020-05-04 19:07)
Netanyahu said the easing of restrictions, together with a government stimulus plan, would allow Israel “to return to a new normal - the coronavirus normal”.
(From Reuters - World News, on 2020-05-04 19:21)
The European Union's competition watchdog on Monday approved French state aid worth €7 billion ($7.66 billion) for Air France, saying the support would provide cash to soften the economic shock of the coronavirus pandemic.
(From Bangkok Post - World, on 2020-05-04 17:45)
Andrew Cuomo on Monday fleshed out his plans for awakening New York’s economy from its coronavirus-induced slumber, laying out a four-phase strategy for reopening businesses — as another 226 New Yorkers succumbed to the bug.
(From The NY Post, on 2020-05-04 19:01)
A massive rebound in stocks fueled by monetary and fiscal stimulus has paused in recent days as investors watch whether the number of states easing restrictions designed to stop the outbreak leads to a resurgence in virus cases.
(From Reuters - Company News, on 2020-05-04 18:58)
Robinhood Markets Inc said on Monday it has raised $280 million in a funding round that valued the online brokerage at $8.3 billion as it benefits from new signups amid increased market volatility and stay-at-home orders due to the coronavirus.
(From Reuters - Company News, on 2020-05-04 18:53)
"Increasing transatlantic trade can help our economies bounce back from the economic challenge posed by coronavirus," she said.
(From BBC News - Business, on 2020-05-04 13:25)
Air Canada said it lost $1.05 billion in its first quarter compared with a profit of $345 million in the same quarter last year as governments imposed travel restrictions around the world due to the novel coronavirus.
(From Toronto Star, on 2020-05-04 17:49)
Statements from 3 May 2020, at 5:39 PM
The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.
(From News18 - Business, on 2020-05-03 06:29)
And before that, the Chinese Embassy in Berlin sparred publicly with the German newspaper Bild after the tabloid demanded $160 billion in compensation from China for damages to Germany from the virus.
(From Gulf News - World, on 2020-05-03 17:57)
“So we started from a very strong position and we are confident that the economy will rebound quickly once we go through the health crisis because as we all know, this is initially a health crisis.” He said that is why all Canadians “need to do our part” and follow guidance from public health officials.
(From Global News, on 2020-05-03 17:17)
Russia has a “rainy day fund” of more than $550 billion, accumulated from oil sales when prices were high, so it is likely to weather the economic storm created by the coronavirus better than many countries, even as it recorded its worst one-day rise in cases since the outbreak began.
(From NY Times - World News, on 2020-05-03 17:24)
Debate continued over moves by governors to start reopening state economies that tanked after shopping malls, salons and other nonessential businesses were ordered closed in attempt to slow a virus that has killed more than 66,000 Americans, according to a tally of reported deaths by Johns Hopkins University.
(From 660 News (Calgary), on 2020-05-03 17:07)
Marmot fears a similar scar could be left by coronavirus — only bigger: “In 2009, the year after Lehman Brothers collapsed, the global economy shrank by 0.1 percent,” he said.
(From Politico - Politics, on 2020-04-29 02:57)
Norwegian Air said on Sunday it had secured support from enough bondholders for a $1.2 billion debt-for-equity swap, a vital step in helping it survive the coronavirus crisis.
(From AlArabiya.net MRSS for section Business, on 2020-05-03 15:59)
In a chronicle of “desperation and dysfunction,” the Washington Post ran a story describing the tensions and events inside the White House between March 29 and last week, as Trump remained “fixated on the economy” while others in the administration attempted to contain the public health catastrophe of the coronavirus pandemic.
(From Mother Jones, on 2020-05-03 17:15)
The country’s mining sector and wider economy has been hit hard by the pandemic, which has seen 42,534 confirmed cases of the virus in the country - the second most in Latin America.
(From Reuters - Company News, on 2020-05-03 16:20)
A host of PMIs, retail sales and trade data will reveal the impact of the coronavirus, so investors will also keep an eye on oil prices to gauge demand in a virus-battered global economy.
(From Asia Times, on 2020-05-03 16:01)
As Democratic lawmakers separately push for additional stimulus funding for state and local governments battling the coronavirus crisis, Kudlow said Sunday that although “there may well be additional legislation ... there’s kind of a pause period right now.” “I don’t want to rule in or out anything right now.
(From FOX2now, on 2020-05-03 15:38)
Voters say both the coronavirus outbreak and the economy are factors in their vote choice right now, especially the economy.
(From CBSNews.com - USA, on 2020-05-03 14:30)
DeWine said he made the decision as a way of “balancing” the economy and the public health risks associated with the coronavirus, adding that the state government will be monitoring the statistics.
(From The Hill - All News, on 2020-05-03 13:38)
President Trump said last week that he would consider funding for states in a next coronavirus stimulus bill, but reiterated the administration's stance on taking a “pause.”
(From The Hill - All News, on 2020-05-03 13:58)
Currently, many people around the world are being asked to curtail their movement to slow down the spread of COVID-19 cases in what has become a global pandemic; and partly as a result of that same public health crisis, the global economy has been in a major downswing.
(From TechCrunch, on 2020-05-03 13:11)
Health measures and economic stimulus packages are unavoidable, but all unnecessary costs that are not related to the coronavirus crisis must be cut.
(From Gulf News - Opinion, on 2020-05-03 10:40)
The S&P 500 has rallied about 30% off its March lows, fueled by monetary and fiscal policy designed to stimulate the economy after the United States ordered country-wide lockdowns to stop the spread of the novel coronavirus, which has surpassed 1 million cases in the United States.
(From Reuters - Company News, on 2020-05-03 13:00)
White House spokesman Judd Deere said "it is counterproductive" to have someone like Fauci, who is heavily involved in the government's efforts to re-open the American economy and expedite a coronavirus vaccine, step away from those tasks and testify.
(From The Week, on 2020-05-03 11:51)
The impact of the coronavirus pandemic on the global economy has worsened the situation in the Nigerian economy, with crude oil prices crashing to the lowest level in almost two decades.
(From AllAfrica News, on 2020-05-03 08:15)
Prime Minister Nikol Pashinyan said last week the country was preparing to lift most restrictions and ease the pressure on the economy subject to the spread of the virus.
(From Reuters - World News, on 2020-05-03 10:30)
Japan's economy minister said earlier the country could also ease some of the current coronavirus-related curbs on economic activity by allowing places such as parks and museums to reopen, provided proper preventive measures were in place.
(From News18 - World News, on 2020-05-02 22:46)
Johnson is due next week to present a possible way out of the lockdown to get the world’s fifth largest economy back to work without triggering a second spike in coronavirus cases.
(From Reuters - World News, on 2020-05-03 09:10)
Under the three-year coalition deal, the government’s first six months will be dedicated primarily to combatting the novel coronavirus that has infected more than 16,000 Israelis and ravaged the economy.
(From Asia Times, on 2020-05-03 10:03)
If we don’t return to normality soon, coronavirus will have killed not only thousands of people, but the entire economy as well.” Like bars and restaurants, hairdressers should fully reopen on 1 June; museums and retailers from 18 May.
(From Guardian - World, on 2020-05-03 07:05)
Billionaire investor Warren Buffet said Saturday he's confident the US economy will bounce back from its pummeling by the coronavirus pandemic because "American magic has always prevailed."
(From News18 - World News, on 2020-05-03 07:26)
Japan could ease some of the current coronavirus-related curbs on economic activity by allowing places such as parks and museums to reopen, provided proper preventive measures were in place, Economy Minister Yasutoshi Nishimura said on Sunday.
(From Reuters - World News, on 2020-05-03 07:44)
"Even before the virus outbreak, there has been a growing need for Japanese firms to set up production bases in the Asean region," an official of the Ministry of Economy, Trade and Industry said.
(From Bangkok Post - Business, on 2020-05-03 07:27)
Statements from 1 May 2020, at 2:27 PM
As lockdown orders force billions of people to work, learn and play from home during the novel coronavirus outbreak, usage has surged for the cloud computing services that power video conferencing, streaming television and online games.
(From Channel News Asia - Business, on 2020-05-01 10:10)
Finance Minister Tito Mboweni said the country will seek coronavirus relief aid from the International Monetary Fund and the World Bank, where it is eligible for up to $4.2 billion.
(From Bangkok Post - World, on 2020-05-01 06:45)
With Prime Minister Boris Johnson saying Britain had passed through the coronavirus peak, a mass testing programme to gauge the spread of the virus through the population is seen as key to any easing of the social distancing measures that have all but shut down the economy and forced millions to stay at home.
(From Reuters - Health, on 2020-05-01 09:40)
Experts list steps to protect farmers and ensure food security during coronavirus pandemic Islamabad: With COVID-19 cases rising and lockdown extended in Pakistan, the impact on health and economy was felt rather much earlier on the food basket.
(From Gulf News - World, on 2020-05-01 06:20)
It is part of an unprecedented series of measures from Washington to support the US economy as unemployment spikes in the wake of the virus outbreak.
(From Asia Times, on 2020-05-01 04:09)
Economy Minister Yasutoshi Nishimura, tasked with Japan’s coronavirus measures, met with a panel of experts Friday and said social distancing efforts under the state of emergency should be kept in place for a while to prevent a resurgence of infections.
(From 660 News (Calgary), on 2020-05-01 07:24)
After coronavirus infections fell sharply in recent weeks, Prime Minister Muhyiddin Yassin says there is a need to revive the economy as the country has lost 63 billion ringgit ($14.7 billion) since a partial lockdown began March 18.
(From 660 News (Calgary), on 2020-05-01 07:24)
Boeing Co launched Thursday a $25 billion bond offering that it said met near-term financial requirements and for now avoided any federal funding to ride out the coronavirus crisis that has engulfed the global airline industry.
(From Reuters - Company News, on 2020-05-01 05:10)
The bank said it had provided 1.5 billion pounds of loans under a government-backed coronavirus relief scheme for businesses - the most of any bank - and 190,000 mortgage repayment holidays to struggling customers.
(From Reuters - Company News, on 2020-05-01 06:41)
South Korea reported exports fell in April at their steepest rate since the financial crisis in 2009, as coronavirus-related shutdowns continued to weigh on the global economy.
(From Market Watch - Top Stories, on 2020-05-01 03:47)
One in 10 working-age Australians have felt depressed during the coronavirus shutdown with women particularly vulnerable to misery, while widespread restrictions continue to hit the economy.
(From The Sydney Morning Herald - Latest News, on 2020-05-01 06:27)
ET Spain recorded its lowest daily coronavirus death tally in six weeks on Thursday, but data showing the economy shrank by the widest margin on record in the first three months of the year laid bare the heavy cost of measures to control the outbreak.
(From CBC - Canada News, on 2020-04-30 11:40)
Trump made clear, however, that his concerns about China’s role in the origin and spread of the coronavirus were taking priority for now over his efforts to build on an initial trade agreement with Beijing that long dominated his dealings with the world’s second-largest economy.
(From Reuters - Top News, on 2020-05-01 04:11)
Japan’s coronavirus experts said it was desirable for the nation to keep its current framework of coronavirus containment policies until the number of new infections fell to a certain level, according to Economy Minister Yasutoshi Nishimura.
(From Reuters - World News, on 2020-05-01 04:08)
“I want the virus gone, and we want to have a vibrant economy,” Trump said at a White House event designed to highlight the administration’s efforts to protect residents of nursing homes grappling with the virus.
(From Global News, on 2020-05-01 02:47)
Hobbled by coronavirus, its two biggest trading partners, the United States and China saw their economies contract sharply in the first quarter, suggesting a painfully slow path to recovery for global trade.
(From Reuters - Company News, on 2020-05-01 02:41)
Bolsonaro first staked out his argument that the economy needs to get back to work in a national address at the end of March, when he referred to the coronavirus as “a little flu” and said his history as an athlete would protect him.
(From News18 - World News, on 2020-05-01 02:26)
The PM added he would set out a "comprehensive plan" next week on how to restart the economy, reopen schools and help people travel to work following the coronavirus lockdown.
(From BBC News - Home, on 2020-05-01 02:22)
Triggered initially by a slowdown of China’s economy and manufacturing activities, nickel prices and demand softened throughout the quarter as uncertainty about the virus’ impact on the world’s economy and outlook grew.
(From Business Wire Natural Resources News, on 2020-04-30 21:05)
Statements from 1 May 2020, at 1:46 AM
“The coronavirus has hurt the economy harder than expected after spreading across Europe and the US,” National Income Section head Yu Ming-chun (游敏君) said.
(From Taipei Times, on 2020-05-01 00:00)
Ecuadorean President Lenin Moreno said on Thursday that the number of new coronavirus cases had stabilized and death counts were falling after the outbreak overwhelmed sanitary authorities in the largest city of Guayaquil and ravaged the economy.
(From Reuters - World News, on 2020-04-30 15:20)
Erdogan previously had said the S-400s would be activated in April but the coronavirus pandemic has focused Turkish efforts on combating the outbreak and supporting an economy which faces a second recession in two years.
(From Reuters - World News, on 2020-04-30 16:28)
American Airlines reported a staggering loss of $2.24 billion for the first quarter, when the coronavirus pandemic triggered a sharp drop in air travel.
(From Chicago Tribune - Business, on 2020-04-30 15:21)
The economy in the eurozone could shrink between 5% and 12% in 2020 due to the coronavirus crisis, chief of the European Central Bank (ECB) Christine Lagarde has said.
(From Deutsche Welle, on 2020-04-30 15:34)
The lender scrapped its 2020 results outlook because of coronavirus-related uncertainty, and Lazari said he could not predict when the economy might recover.
(From Reuters - Company News, on 2020-04-30 15:04)
And even after the lockdowns are relaxed, it is uncertain when demand will return to pre-Covid levels due to strict social distancing measures implemented domestically and in foreign economies,” ING’s Greater China economist Iris Pang said in a note. She said global demand is likely to remain weak due to high unemployment rates in major economies.
(From Asia Times, on 2020-04-30 14:03)
The ECB did not change the amount of the bond purchases but said it was “fully prepared” to increase their size “by as much as necessary and for as long as needed.” ECB purchases of government bonds help stabilize the eurozone since governments will be borrowing heavily to pay for stimulus and because of falling tax receipts due to the virus outbreak.
(From ABC News - Top Stories, on 2020-04-30 13:58)
A day without a new coronavirus case in South Korea and a potential breakthrough in the hunt for a better treatment spurred optimism on Thursday, but catastrophic European figures underlined how much damage the epidemic has already done the global economy.
(From Bangkok Post - World, on 2020-04-30 11:45)
With the coronavirus pandemic set to inflict an "unprecedented" peacetime slump on the eurozone economy, European Central Bank chief Christine Lagarde said Thursday the institution's trillion-euro response could be expanded and prolonged into 2021.
(From Bangkok Post - World, on 2020-04-30 14:45)
A voucher system would support airlines and incentivise people to travel, which would boost economies across the EU in the months ahead, it says. In recent days Aer Lingus and Ryanair have been encouraging passengers on flights cancelled because of the coronavirus crisis to accept vouchers instead of cash.
(From Irish Times - Top Stories, on 2020-04-30 09:30)
Fed Chairman Jerome Powell said Wednesday he’s worried the coronavirus epidemic is going to cause lasting damage to the economy and that the federal government will likely need to spend more to help the economy.
(From Market Watch - Top Stories, on 2020-04-30 14:02)
“The big difference between coronavirus and the Great Recession is that this has completely stopped the economy across so many sectors,” she said.
(From Washington Post - Business, on 2020-04-30 11:32)
SoftBank said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets.
(From Business Insider, on 2020-04-30 13:09)
Another 3.8 million people filed for unemployment last week as the virus outbreak cripples economy.
(From BBC News - Home, on 2020-04-30 13:05)
The outbreak of the coronavirus has seen the government launch a number of interventions to stimulate the economy.
(From IOL - News, on 2020-04-30 12:50)
Community Health Systems, HCA Healthcare and Universal Health Services received a total of $1 billion from the $100 billion emergency relief fund for healthcare providers created under the Coronavirus Aid, Relief and Economic Security Act.
(From Becker's Hospital Review, on 2020-04-30 12:13)
The coronavirus pandemic has sent the euro zone’s economy into an “unprecedented decline” that is likely to steepen before a recovery phase kicks in, European Central Bank (ECB) president Christine Lagarde has said.
(From Irish Times - Business, on 2020-04-30 12:01)
“When a government decides not to lockdown a city, they need to be aware that there would be consequences in terms of the spread of the virus.” “We hope that these decisions are made having taken into account overall, the balance between enabling economies to grow and stopping the spread of a pandemic that can have profound long-term impact on the economy,” she added.
(From Reuters - World News, on 2020-04-30 12:35)
Coming in the midst of the COVID-19 pandemic, and three weeks into Singapore’s “circuit breaker”, Mr Lee’s May Day message forewarned of changes that the coronavirus will bring to the global economy and how this might affect Singapore.
(From Channel News Asia - Latest News, on 2020-04-30 12:00)
“The agency said the world needed a wave of investment to restart the economy with ‘cleaner and more resilient energy infrastructure.’” Coronavirus-fueled lockdowns mean reduced traffic from shipping and freight transportation.
(From Washington Post - Politics, on 2020-04-30 12:05)
Statements from 28 April 2020, at 9:31 PM
Congress has provided $150 billion to state governments facing the brunt of the coronavirus outbreak at a time when they are also facing a decline in tax revenue.
(From Reuters - U.S., on 2020-04-28 12:59)
The country's second-largest lender, Westpac Banking Corp, said in a stock market filing that it will take an impairment charge of A$1.6 billion due to the coronavirus impact.
(From News18 - World News, on 2020-04-27 21:22)
Sunak said his coronavirus support schemes had already provided over 15 billion pounds for business over the last few weeks, which will be further boosted with this new scheme.
(From News18 - World News, on 2020-04-27 21:30)
The UN humanitarian chief said Monday that USD 90 billion could provide income support, food and a health response to the coronavirus pandemic for 700 million of the world's most vulnerable people - a price tag just 1 per cent of the USD 8 trillion stimulus package the 20 richest countries put in place to safeguard the global economy.
(From News18 - World News, on 2020-04-27 21:46)
A fresh plunge in oil prices signaled a bleak outlook for energy demand as the coronavirus pandemic ravages the global economy.
(From Market Watch - Breaking News, on 2020-04-28 12:52)
HSBC reported that its first-quarter profits halved after the coronavirus battered the global economy, despite central banks providing some respite in the form of reduced capital buffers and dividend stoppages.
(From Asia Times, on 2020-04-28 12:51)
In Apple's case, the iPhone maker earlier expected to tally sales between $63 billion and $67 billion, even with early warning signs of the coronavirus showing disruption to manufacturing and supplies throughout China in December and January.
(From CNET, on 2020-04-28 12:00)
The thinktank said it found it difficult to make a forecast for the economy while the full impact of the coronavirus pandemic on the UK and the rest of the world was still unknown, but estimating future growth provided a guide to the potential gains from managing the crisis with well-targeted state support schemes.
(From Guardian - Business, on 2020-04-28 12:30)
The Kentucky Republican put down a new marker, calling for changes in the next relief bill to provide liability protection to health care workers, businesses and employees from lawsuits tied to inevitable new coronavirus outbreaks as the economy reopens.
(From The Hill - All News, on 2020-04-28 10:28)
The White House on Monday suspended the coronavirus task force's daily briefings, although it said they would resume later in the week with a new focus on plans for carefully ramping up the economy again after weeks of lockdowns.
(From The Week, on 2020-04-28 10:43)
Caterpillar’s profits are down 46% with much of the global economy seized by the spread of the coronavirus pandemic.
(From 660 News (Calgary), on 2020-04-28 11:57)
Xerox Holdings Corp pulled its 2020 revenue and profit forecasts on Tuesday, citing economic uncertainties from the coronavirus outbreak, which had resulted in the cancellation of its US$35 billion takeover campaign for HP Inc .
(From Channel News Asia - Business, on 2020-04-28 11:50)
The 150-billion-baht package is one of the three aimed at helping 37 million people affected by the government’s measures to contain the coronavirus outbreak.
(From Bangkok Post - Thailand, on 2020-04-28 11:24)
Economy of China's original coronavirus epicenter down 39.2% in 1st quarter
(From Kyodo News, on 2020-04-28 09:17)
One of Germany's leading economic think tanks said the economy had already contracted by 1.9% in this year's first quarter.
(From Deutsche Welle, on 2020-04-28 09:41)
The group's profits were slashed as it set aside $3bn (€2.8bn) for bad loans, up 417pc on a year earlier, as the coronavirus crisis and oil price crash hammers the global economy.
(From Independent.ie, on 2020-04-28 07:27)
"I am determined to see the Queensland economy restarted as soon as possible and to do that everyone needs to follow the coronavirus directions," Ms Frecklington said.
(From The Sydney Morning Herald - National, on 2020-04-28 08:52)
On the day she had been scheduled to deliver this year’s budget, state Treasurer Jackie Trad said the coronavirus had delivered a $4 billion punch to the budget bottom line.
(From The Sydney Morning Herald - National, on 2020-04-28 09:26)
The bank said it had hiked its provision for loans going bad as the coronavirus took its toll on the economy, notably with effects on the oil and gas sector as well as transport and consumer spending.
(From Sky News - Business, on 2020-04-28 06:10)
The Spanish bank, like its peers, has been taking steps to counter risk as the global economy reels as a result of the coronavirus crisis.
(From Reuters - Company News, on 2020-04-28 08:55)
Statements from 28 April 2020, at 1:31 AM
Aides said Trump wanted to talk about new coronavirus testing guidelines, as the administration tries to fill a need demanded by governors and business leaders as states move toward reopening their economies.
(From The Mercury News, on 2020-04-28 01:16)
Prior to the virus outbreak, the Lakers had an estimated value of somewhere around $4.4 billion.
(From Complex, on 2020-04-28 01:24)
Brazil’s government is working on a plan to gradually reopen economic activity that has been shuttered in efforts to contain the spread of the coronavirus, and hopes professional soccer matches can resume shortly without spectators, an Economy Ministry senior official said on Monday.
(From Global News, on 2020-04-28 01:11)
The country's media ad spending is estimated to drop 15% to 77 billion baht this year as the coronavirus outbreak causes brands to tighten their budgets amid a weak economy, says researcher Media Intelligence (MI).
(From Bangkok Post - Business, on 2020-04-27 21:00)
Trump was asked about a recent German newspaper editorial which called on China to pay Germany US$165 billion in reparations because of economic damage done by the virus.
(From Channel News Asia - Latest News, on 2020-04-28 00:12)
“Tanks are 76 per cent full.” While China successfully curtailed the spread of the coronavirus through the implementation of strict social distancing measures, it is hardly business as usual for the world’s second largest economy even though they’ve been wound back.
(From The Sydney Morning Herald - Latest News, on 2020-04-27 23:45)
The head of the federal Treasury has warned that even with hundreds of billions of dollars worth of economic support to deal with the coronavirus outbreak, there will be permanent job losses.
(From The Sydney Morning Herald - Latest News, on 2020-04-27 23:45)
“We’re clearly not going to be all recovered by June 1,” said Mayor Bill de Blasio at a daily briefing on Monday, in which he announced advances in testing and contact tracing, both of which are prerequisites to relaunching the economy while keeping the coronavirus under control.
(From Market Watch - Top Stories, on 2020-04-27 23:27)
A recent analysis by Health Management Associates revealed that even with an expected $3.1 billion in federal aid provided under the Coronavirus Aid, Relief and Economic Security Act, Pennsylvania hospitals could still lose about $7 billion this year, according to the report.
(From Becker's Hospital Review, on 2020-04-27 21:32)
Several of Trump’s political advisers have said that once the country moves past the worst of the health challenges posed by the coronavirus, Trump will be able to focus on the expected economic resurgence — taking credit for the jobs and wealth that return to the economy as the crisis wanes.
(From Washington Post - Politics, on 2020-04-27 23:16)
New Jersey will not begin reopening its economy until officials detect a 14-day trend of “appreciable and sustained” drops in coronavirus cases and hospitalizations, Murphy said at a news conference.
(From Washington Post - Politics, on 2020-04-27 23:34)
Pressure mounted Monday on the White House and Congress to develop a national strategy to test Americans for exposure to the novel coronavirus, as health and economic experts said the current patchwork of testing efforts is insufficient to allow the economy to reopen safely.
(From Washington Post - Politics, on 2020-04-27 23:58)
And Ontario and Quebec, which recorded the most coronavirus cases, largely at nursing homes, unveiled tentative schedules for reopening their economies.
(From Gulf News - World, on 2020-04-27 22:42)
“What we don’t want to do is be premature and open the economy up too early and then (the virus) comes back.” Ontario started to see a decline in new cases over the past three days.
(From Gulf News - World, on 2020-04-27 22:42)
Andrew Cuomo admitted Monday that the Empire State could run out of state funds to pay unemployment benefits to New Yorkers should the coronavirus pandemic continue to ravage the economy.
(From The NY Post, on 2020-04-28 00:03)
But GOP lawmakers have been holding their noses over Democratic Illinois Senate President Don Harmon’s request to federal lawmakers, asking for more than $41 billion for the state in the next coronavirus relief package, including $10 billion to stabilize Illinois’ underfunded pension system.
(From Chicago Tribune - Breaking News, on 2020-04-27 23:33)
Having recently pocketed a $2.1 billion windfall from the sale of 10 per cent in supermarket giant Coles, Wesfarmers said it remained well-positioned to weather any long-term effects of the coronavirus crisis.
(From The Sydney Morning Herald - Business, on 2020-04-27 23:26)
Ratings agency Moody’s said recently the UAE’s stimulus package would support bank liquidity and limit likely asset deterioration due to the virus outbreak, but would increase the potential for problem loans.
(From AlArabiya.net MRSS for section Business, on 2020-04-27 22:06)
Russia overtook China in the number of confirmed coronavirus cases on Monday, when its tally climbed above 87,000, as pressure rose on the government to consider easing lockdown restrictions for businesses to help shore up the rattled economy.
(From National Post - Top Stories, on 2020-04-27 21:13)
Josh Frydenberg and Mathias Cormann will make a statement to parliament about the impact on the economy from the coronavirus measures: Given the high degree of uncertainty around the economic impact of the coronavirus on the domestic and international economies, last month the Government took a decision to release the 2020-21 Budget on 6 October 2020.
(From Guardian - World, on 2020-04-27 22:23)
California workers who see their hours cut as little as 10% due to the coronavirus outbreak are eligible to receive the entire $600-a-week federal subsidy offered in the $2-trillion federal rescue package, state officials and employment experts say.
(From LA Times - Politics, on 2020-04-27 21:32)
The region is incredibly important to Alberta’s economy as it’s a major source of employment and the centre of most of oil output in Canada’s biggest oil-producing province, which is already anticipating a deep recession as a result of the coronavirus pandemic and the collapse in global oil prices.
(From Financial Post - Top Stories, on 2020-04-27 20:51)
Texas Governor Greg Abbott announced on Monday that he will allow several types of businesses, including movie theaters, to reopen at strictly limited capacity on Friday as it becomes the latest state to try to restart its economy following the coronavirus shutdown.
(From The Wrap, on 2020-04-27 20:41)
While we are encouraged that the nation has likely passed its peak in terms of new coronavirus cases and deaths, we can’t help but feel we’re backsliding in our efforts to reopen the nation’s economy.
(From The Incidental Economist, on 2020-04-27 19:31)
Jordan on Monday eased restrictions on movement aimed at containing the spread of the coronavirus and allowed more businesses to reopen to help jump-start the cash-strapped economy, officials said.
(From Reuters - World News, on 2020-04-27 19:38)
Aon is cutting most employees’ pay 20% in response to the coronavirus pandemic, as the global insurance giant prepares for a “significant and sustained economic downturn.” CEO Greg Case sent a memo to employees Monday outlining the pay cuts and other cost-savings strategies, while laying out a bleak forecast for the global economy in the wake of a “humanitarian tragedy” wrought by COVID-19.
(From Chicago Tribune - News, on 2020-04-27 19:57)
The team on Monday confirmed to ESPN that it repaid $4.6 million it received from the Paycheck Protection Program, which Congress set up during the coronavirus crisis with $349 billion for loans to be given to small businesses.
(From The Week, on 2020-04-27 18:25)
Statements from 27 April 2020, at 10:38 AM
British PM back at work after recovering from coronavirus London: Britain’s Prime Minister Boris Johnson, back at work after recovering from COVID-19, said on Monday it was still too dangerous to relax a stringent lockdown hammering the economy as that may cause a deadly second outbreak.
(From Gulf News - World, on 2020-04-27 09:39)
As countries weigh up the risk of a fresh wave of virus cases against the need to kick-start their economies, here is the lockdown status in several nations: There were some encouraging signs for Italy as it recorded the lowest 24-hour number of deaths since mid-March, with 260.
(From Independent.ie, on 2020-04-27 07:49)
Germany’s economy minister urged the country’s 16 federal states on Monday to go slowly in lifting coronavirus restrictions to avoid the outbreak spreading further, which could force them to reintroduce lockdown measures.
(From Reuters - World News, on 2020-04-27 07:57)
Travel and leisure businesses have been among the worst hit by the coronavirus outbreak, with hundred of billions of dollars in business trips and holidays cancelled as countries impose sweeping restrictions.
(From Reuters - Business, on 2020-04-27 07:16)
The planned capital raising, via a discounted share sale, is the biggest by an Australian company since the virus outbreak, which has killed 83 people in the country and shut down large parts of the world’s 12th-biggest economy.
(From Reuters - Business, on 2020-04-27 08:16)
Stock markets rallied on Monday as the Bank of Japan added more stimulus to cushion the impact of the coronavirus and investors cheered news more countries were easing lockdowns, though the oil price took another tumble with storage running short.
(From Reuters - Company News, on 2020-04-27 08:27)
Congress’ mad dash to shovel nearly $3 trillion into the economy and rescue failing industries met little resistance as the coronavirus crisis overwhelmed communities across the country.
(From Politico - Economy, on 2020-04-27 08:30)
"I know it is tough and I want to get this economy moving as fast as I can, but I refuse to throw away all the effort and the sacrifice of the British people and to risk a second major outbreak and huge loss of life and the overwhelming of the National Health Service."
(From The Sydney Morning Herald - World, on 2020-04-27 08:59)
Coronavirus has shown how major newspapers may have a good chance of success in future. The coronavirus pandemic has torn the veil off a long-obscured and frightening reality: Our economies are unconscionably fragile, propped up by low-wage jobs, and our health systems are tissue-thin.
(From Gulf News - Opinion, on 2020-04-27 06:11)
And on April 23, Prime Minister Justin Trudeau announced a $1.1 billion national strategy for medical research to fight COVID-19, including: VIDO-InterVac is already at the forefront of an extraordinary global effort to halt the spread of the deadly novel coronavirus.
(From CBC - Canada News, on 2020-04-27 08:00)
Regional economies have been worsening rapidly and are in an “extremely severe situation” as the coronavirus takes its toll, the Finance Ministry said Monday, the harshest language it has used since the inception of its quarterly report in 2001.
(From Japan Times - Top Stories, on 2020-04-27 15:02)
China has advanced considerably in economic terms in recent years and should no longer be seen as emerging,” said Prof. David Ahlstrom, Acting Chairman and Professor of Department of Management at CUHK Business School, in referring to his recent paper in Asia Pacific Journal of Management entitled China has emerged as an aspirant economy.
(From Business Insider Singapore, on 2020-04-26 18:00)
The dramatic expansion of manufacturing capabilities and rising consumer consumption in China has transformed China's society and economy.
(From Business Wire Retail News, on 2020-04-27 07:36)
NAB chief risk officer Shaun Dooley said a key difference between the two scenarios for the economy and house prices was the extent of the hit the coronavirus inflicted on global growth.
(From The Sydney Morning Herald - Latest News, on 2020-04-27 07:30)
Encouraged by a fall in infection rates, Germany eased lockdown rules and carmakers are relying on the country's ability to trace and contain the coronavirus to put Europe's largest economy back to work.
(From Channel News Asia - Latest News, on 2020-04-27 06:45)
Prices were also supported by news that China’s Yunnan province will set aside 1 billion yuan to help businesses stockpile 800,000 tonnes of base metal post-outbreak, which another trader said would be bullish for the metals market in the short-term.
(From Reuters - Company News, on 2020-04-27 07:16)
The Bank of Japan on Monday ramped up its emergency monetary easing and cut growth forecasts for the world's third largest economy, as the coronavirus pandemic ravages the globe.
(From Japan Today, on 2020-04-27 07:05)
"Japan's economy has been in an increasingly severe situation due to the impact of the spread of the novel coronavirus at home and abroad," the bank said in a statement.
(From Japan Today, on 2020-04-27 07:05)
The former treasurer said there was no evidence that the super industry was struggling despite $3.8 billion being withdrawn from funds in the four days since the federal government’s coronavirus rescue package came into effect.
(From The Sydney Morning Herald - Business, on 2020-04-27 06:04)
Israel allowed some businesses to reopen on Sunday and said it was considering letting children return to school as part of trial efforts to ease coronavirus restrictions and help the country's struggling economy.
(From CBC - Canada News, on 2020-04-26 13:40)
“This means Beijing has to make tough decisions on the proposed 10 trillion yuan infrastructure spending for 2020 – a powerful yet unprecedented investment package equivalent to more than 10% of China’s GDP in 2019,” said Jinny Yan, managing director and chief China economist at ICBC Standard Bank.
(From Asia Times, on 2020-04-26 23:24)
The South-East Asian government said the measure is an attempt to help Vietnam contain the rapid spread of the coronavirus epidemic and minimize the impact of the deadly virus on its economy and greater society.
(From Interesting Engineering, on 2020-04-26 11:50)
Statements from 24 April 2020, at 4:25 PM
“We will implement what we call a risk-adjusted strategy through which we take a deliberate and cautious approach to the easing of current lockdown restrictions.” A $26 billion relief package was announced earlier this week to stimulate the economy and cushion vulnerable people during the coronavirus pandemic.
(From Gulf News - World, on 2020-04-24 10:04)
Earlier this month, as part of the coronavirus relief package known as the CARES Act, the federal government began disbursing $30 billion in aid to hospitals across the country.
(From NPR News, on 2020-04-23 20:54)
While some states have said they plan to begin reopening their economies over the coming weeks, health experts and some governors have warned that a premature easing of restrictions on movement could trigger a surge in new cases.
(From Reuters - Top News, on 2020-04-24 10:15)
With congressional approval of the latest emergency pandemic measure sealed on Thursday, the focus is quickly shifting to an escalating battle over whether Congress will provide hundreds of billions of dollars to states staggering under the costs of the coronavirus outbreak.
(From NY Times - Business News, on 2020-04-24 09:12)
Europe's biggest economy currently has a coronavirus mortality rate of 3.5%, with latest figures showing 150,383 confirmed cases with 5,321 fatalities.
(From Bangkok Post - World, on 2020-04-24 07:45)
The federal government has announced a $1.1-billion plan to marshal Canada's scientific community in the fight against the coronavirus, as some provinces with relatively fewer cases begin to weigh how they will relax restrictions put in place to slow the spread of COVID-19.
(From CBC - Canada News, on 2020-04-23 12:49)
Global miner Anglo American on Thursday cut its capital expenditure outlook for the year by about $1 billion and said it would cut costs to weather the impact of the coronavirus.
(From Reuters - Company News, on 2020-04-24 06:55)
“Although the market had rallied on hopes of a peak-out in the global coronavirus epidemic and re-opening of the economy in the West, buying had been driven by speculation and has run its course,” said Masahiro Ayukai, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.
(From Reuters - Company News, on 2020-04-24 07:03)
The global economy will suffer its steepest contraction on record this year with a likely U-shaped recovery, while China’s economy is slowly recovering but could still face a recession if conditions worsen again from the coronavirus pandemic, Reuters polls showed.
(From Reuters - Company News, on 2020-04-24 07:16)
The Russian economy has been rocked by the coronavirus outbreak, and fears the fresh OPEC+ oil production pact between Russia and Saudi Arabia will not be enough to address a historic fall in demand.
(From The Moscow Times, on 2020-04-24 07:10)
Asia's fourth-largest economy is among the first countries to bring a major outbreak of the virus under control, with a vigorous without mandatory lockdowns or a gigantic debt-funded rescue package.
(From News18 - Business, on 2020-04-24 07:08)
China is building a $1.7 billion soccer stadium that is shaped like a lotus and will seat 100,000 people amid a pandemic
(From Business Insider, on 2020-04-24 06:11)
Japan’s economy has been “getting worse rapidly” in April due to the global coronavirus pandemic, the government said Thursday, downgrading its key assessment for the second straight month.
(From Japan Times - Top Stories, on 2020-04-23 21:16)
“He may not like it, but he has to work with her to make the Tokyo Olympics a success.” “It’s shaping up to be a very tough year for Abe because we know that the economy is going to get worse and worse, and all the while it’s anybody’s guess when the coronavirus pandemic will end,” he said.
(From Japan Times - Top Stories, on 2020-04-24 12:23)
More bad news is in the offing as the country’s economy may be heading for its first full-year contraction in more than four decades after Prime Minister Narendra Modi extended the world’s biggest lockdown to May 3 to combat the coronavirus pandemic.
(From Gulf News - Business, on 2020-04-24 05:55)
Johnson & Johnson said on Thursday it had struck a deal with Emergent BioSolutions Inc to use its manufacturing facilities to help in an effort to make more than 1 billion doses of a vaccine it is testing to stop the novel coronavirus.
(From News18 - Business, on 2020-04-24 04:19)
First-quarter sales plunged more than 50% from a year earlier after China shut down most of its economy to fight the virus.
(From News 1130 (Vancouver), on 2020-04-24 05:40)
The oil market’s collapse this week was another unanticipated blow for Iran, where the authorities have struggled to contain the worst coronavirus outbreak in the Middle East while keeping afloat an economy that has long relied on oil exports but has been hampered by American sanctions.
(From NY Times - World News, on 2020-04-24 04:34)
The federal budget was $10 billion behind the Morrison government's target at the end of March as measures to slow the spread of the coronavirus hit key parts of the economy.
(From The Sydney Morning Herald - Federal Politics, on 2020-04-24 05:01)
Statements from 23 April 2020, at 1:05 PM
Deputy Prime Minister Somkid Jatusripitak said the government launched the 400-billion-baht coronavirus relief package in part to help local people and businesses in what the government is calling “grassroots economic restoration”.
(From Bangkok Post - Top Stories, on 2020-04-23 01:43)
The country has, however, announced a roadmap to restart some industrial activity in locations that are not coronavirus hotspots to try to revive the economy.
(From News18 - Business, on 2020-04-23 02:12)
Washington: As a result of the deadly coronavirus pandemic, which has resulted in a global recession, remittances to India are likely to drop by 23 per cent from USD 83 billion last year to USD 64 billion this year, the World Bank has said.
(From News18 - Business, on 2020-04-23 02:31)
Estimated global airline losses from the coronavirus pandemic have climbed to $314 billion, trade body IATA said last week.
(From News18 - Business, on 2020-04-23 02:32)
A jump in the price of oil and the promise of more government stimulus to ease the economic pain inflicted by the coronavirus pandemic helped global equity markets surge on Wednesday, prompting investors to edge out of perceived safe-haven assets like US Treasuries.
(From News18 - Business, on 2020-04-23 02:42)
The US Congress will pass a nearly $500 billion coronavirus aid bill on Thursday, House Speaker Nancy Pelosi said, that includes an additional $321 billion for a previously set-up small business lending program that quickly saw its funds exhausted.
(From News18 - Business, on 2020-04-23 02:42)
The multi-billion-dollar investment announced by Facebook in an Indian company in the middle of the coronavirus pandemic shows that India is still a very attractive market on the digital commerce side, he said.
(From News18 - Business, on 2020-04-23 03:20)
Observing that tensions between China and the rest of the world are going to rise in future due to the COVID-19 crisis, Aghi referred to the $2 billion package announced by Japan for its companies to move their manufacturing base away from China.
(From News18 - Business, on 2020-04-23 03:20)
Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel as the coronavirus outbreak ravages the world’s economies.
(From Reuters - Business, on 2020-04-23 03:01)
President Donald Trump on Wednesday said he disagreed with Georgia’s decision to restart its economy while seeking to tamp down a pair of budding controversies on how his administration is handling the coronavirus pandemic.
(From Market Watch - Top Stories, on 2020-04-22 23:59)
This is the truth of the looming “hunger pandemic,” which has the potential to engulf over a quarter of a billion people whose lives and livelihoods will be plunged into immediate danger, unless urgent and effective action is taken to keep commercial and humanitarian goods flowing, support communities with humanitarian assistance and provide governments with the additional health interventions required to control the spread of the virus.
(From Washington Post - Opinions, on 2020-04-22 09:30)
More recently, the coronavirus pandemic has wreaked havoc on the global economy and the oil price has plummeted to historic lows.
(From BBC News - World, on 2020-04-23 00:35)
Voters in all three states listed the coronavirus pandemic as their top concern, with 48 percent of voters in the three states identifying it as the most important issue in their community, followed by the economy with 15 percent, health care with 12 percent and immigration with 2 percent.
(From The Hill - All News, on 2020-04-23 00:39)
"This will ensure that unemployed Americans of all backgrounds will be first in line for jobs as our economy reopens," Mr Trump said at Wednesday's coronavirus briefing at the White House.
(From BBC News - World, on 2020-04-23 01:00)
With many millions of people suddenly unemployed, restarting an economy hobbled by the coronavirus restrictions is a politically important process.
(From CNET, on 2020-04-22 23:59)
The city-state's economy will contract by 8.5 per cent this year, down from an earlier estimate of a 6 per cent fall, economists Kit Wei Zheng and Ang Kai Wei wrote on Tuesday after Singapore extended circuit breaker measures until June 1 to "decisively" bring down coronavirus cases within the community.
(From Straits Times - Business, on 2020-04-22 21:00)
Statements from 20 April 2020, at 12:33 AM
China's economy shrank for the first time on record in the first quarter as the virus hit production and spending hard, piling pressure on authorities to do more to stop job losses.
(From Straits Times - Business, on 2020-04-20 01:03)
With the global economic slowdown and the spreading coronavirus, Thailand's investment applications are likely to fall below last year's 756 billion baht, according to the Board of Investment (BoI).
(From Bangkok Post - Business, on 2020-04-19 21:30)
Caltex's foreign suitor, Alimentation Couche-Tard, has walked away from its $8.8 billion takeover offer for the Australian fuel supplier because of the extreme global economic uncertainty inflicted by the spreading coronavirus pandemic.
(From The Sydney Morning Herald - Latest News, on 2020-04-20 01:17)
“I am very pleased to announce completion of this transaction even as the health and economic risks for the global economy related to the coronavirus (COVID-19) have escalated over the past several months,” said Tom Edman, CEO of TTM.
(From GlobeNewswire - Public Companies, on 2020-04-20 00:00)
Trump said earlier that Republicans and Democrats were close to agreement on legislation to help the economy recover from harm caused by the coronavirus pandemic.
(From Reuters - U.S., on 2020-04-20 00:03)
Before the coronavirus outbreak, the Chinese economy had been slowly narrowing the gap because every year it grows much faster than America’s.
(From Chicago Tribune - World, on 2020-04-19 23:02)
Many waved American flags and held signs that read “End the Virus, Not the Economy” and “We need stability to stay healthy,” The Denver Post reported.
(From The NY Post, on 2020-04-19 23:05)
Thankfully, China - the world’s second largest economy - had recently eased restrictions gradually all over the country and lifted the nearly three-month lockdown in Wuhan, where the COVID-19 pandemic started.
(From Channel News Asia - Latest News, on 2020-04-19 22:20)
The package would also earmark $25 billion for coronavirus testing, which has become a major point of contention between President Trump and the nation’s governors, and $75 billion for beleaguered hospitals, Treasury Secretary Steven T. Mnuchin said Sunday.
(From LA Times - Politics, on 2020-04-19 22:11)
India's Maharashtra state, the country's largest regional economy, will allow a limited number of sectors to resume business today, after a weeks-long shutdown to slow the spread of coronavirus left millions out of work.
(From The Daily Star - World, on 2020-04-19 18:00)
A pair of bipartisan senators are proposing a $500 billion fund for state governments to use in response to the coronavirus outbreak be part of the next stimulus package passed by Congress in the weeks or months ahead.
(From The Hill - All News, on 2020-04-19 21:52)
Health ministers from the Group of 20 major economies discussed weaknesses in health systems that made the world vulnerable to the coronavirus outbreak and other pandemics, a statement said after a virtual meeting on Sunday.
(From Reuters - Health, on 2020-04-19 21:10)
Peru reported over 15,000 cases of coronavirus on Sunday, the second-highest tally in Latin America, as the disease continues to ravage the economy of the world’s No.
(From Reuters - Health, on 2020-04-19 21:32)
With much of the world urged or ordered to stay home during the coronavirus outbreak, the US$160 billion global games business is booming.
(From Straits Times - Technology, on 2020-04-19 18:34)
The Trump administration last week announced guidelines for governors to determine when they can begin reopening their economies — with phase one coming after the number of coronavirus cases has declined for 14 days.
(From The NY Post, on 2020-04-19 17:47)
Even as President Trump on Sunday continued to tout the nation’s capacity for adequate coronavirus testing, several governors took to the airwaves to vehemently challenge his assessment and to complain that the federal government has been laggardly in helping provide support for health systems and local economies.
(From LA Times - Politics, on 2020-04-19 19:08)
Treasury Secretary Steve Mnuchin said Sunday that Americans will continue to wait on paper checks for their $1,200 coronavirus stimulus payment as they have yet to be issued.
(From Business Insider, on 2020-04-19 18:24)
Stimulus measures to combat the coronavirus pandemic will deepen the fiscal deficit to eight per cent, the largest gap since at least 1990, the government said on Apr 17.
(From Channel News Asia - Asia, on 2020-04-19 19:02)
For his part, De Blasio had harsh words for Donald Trump, accusing the president of betraying his fellow New Yorkers by failing to push for billions of dollars in additional federal aid needed to help the city deal with the coronavirus economic crisis, de Blasio said Sunday.
(From France24 (English), on 2020-04-19 17:34)
Statements from 17 April 2020, at 11:13 AM
The World Bank estimates that if the next pandemic virus is similar to the one that caused the 1918 pandemic, it could kill 71 million people worldwide and cause a major global recession with global costs exceeding $3 trillion.
(From Wired - Top Stories, on 2020-04-17 10:00)
“And hopes that a new drug treatment will help lift longer term uncertainty about the COVID-19 pandemic.” The data from China had shown the world’s second-largest economy shrank for the first time since at least 1992 because of the coronavirus woes.
(From Reuters - Top News, on 2020-04-17 10:20)
With world economies struggling to scale out of the recession caused by the coronavirus outbreak, gold and credit investments are believed to be safe-haven investments.
(From Benzinga, on 2020-04-17 10:08)
Sinai has also received more than $4 million from a $100 billion federal emergency fund for hospitals and other health care providers created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
(From Chicago Tribune - News, on 2020-04-17 10:00)
The total damage to the Tajik economy from the coronavirus crisis and other external factors stood at $650 million, the economy ministry said.
(From Reuters - World News, on 2020-04-17 09:47)
China's economy contracted by 6.8% in the first three months of 2020 from the same period a year ago — its biggest drop in nearly three decades, as the country's factory output and domestic spending ground to a halt amid the unprecedented shock of the coronavirus pandemic.
(From NPR News, on 2020-04-17 05:59)
China's contraction is likely a harbinger of the painful economic re-opening that other countries must face, such as the United States, which are grappling with surging unemployment after shutting down their economies in a bid to stem the spread of the virus.
(From NPR News, on 2020-04-17 05:59)
China's economy in worst downturn since 1960s in virus battle
(From CTV News, on 2020-04-17 02:37)
But Africa’s most industrialized economy was already in recession before the virus, and Finance Minister Tito Mboweni said restrictions must remain until the country can be sure to minimize the loss of life.
(From ABC News - Top Stories, on 2020-04-17 08:40)
Cuban believes testing for coronavirus is the key to restoring trust in the economy, and testing is needed to get people back to work.
(From Benzinga, on 2020-04-17 08:44)
Equity markets also took the China data in stride partly because it has contained the virus and managed to get large parts of its economy back up and running from a standstill in February.
(From Reuters - Company News, on 2020-04-17 06:43)
Earlier this month, Imperial said that despite the coronavirus pandemic hitting economies, trading was in line with expectations so far and it had not seen any material impact to its business.
(From Reuters - Company News, on 2020-04-17 06:55)
Oil mixed as China economy gloom overshadows plans to ease U.S. coronavirus lockdown
(From Reuters - Business, on 2020-04-17 07:08)
“If the coronavirus downturn lasts a year ANA will need at least 1.3 trillion yen,” said a second airline industry source familiar with the matter, asking not to be identified.
(From Reuters - Top News, on 2020-04-17 07:28)
China is widely expected to cut its benchmark lending rate on Monday to provide further support for the coronavirus-hit economy, which shrank for the first time on record in the first quarter, a Reuters survey of traders and analysts found.
(From Reuters - Top News, on 2020-04-17 08:51)
China's economy contracted for the first time in decades last quarter as drastic measures to contain the coronavirus pandemic brought activity to a standstill, official data showed Friday.
(From Bangkok Post - World, on 2020-04-17 04:45)
Fears of a second outbreak are also dragging on efforts to fully fire up China's economy, a major engine of global growth.
(From Bangkok Post - World, on 2020-04-17 07:45)
China's economy shrank in the March quarter for the first time since current records began almost three decades ago, as the coronavirus shut down factories and shopping malls and put millions out of work.
(From AlArabiya.net MRSS for section Business, on 2020-04-17 07:57)
But domestic consumption dropped further than forecast last month, and China's export-oriented economy is expected to continue suffering because much of the rest of the world has shut down to grapple with their own outbreaks of the virus.
(From The Week, on 2020-04-17 07:02)
As the Indian economy falters due to the ongoing coronavirus outbreak, millions of jobs, across sectors, are on the line.
(From Quartz, on 2020-04-17 06:12)
The country announced a $AU17.6 billion stimulus package to on March 12, when it reported 142 cases, and on March 15, Prime Minister Scott Morrison announced that all travelers arriving in or returning to Australia must self-isolate for 14 days.
(From Business Insider, on 2020-04-17 06:06)
"The TLTROs will be launched in tranches of appropriate sizes," Das said while announcing a series of steps to help revive the Indian economy in view of the ongoing coronavirus crisis.
(From News18 - Business, on 2020-04-17 06:14)
Ratings agency S&P Global, which now expects Australian unemployment to average 7.4 per cent this year and remain elevated until at least 2023, said the economies of the Asia-Pacific would change because of the virus outbreak.
(From The Sydney Morning Herald - Latest News, on 2020-04-17 06:46)
Statements from 16 April 2020, at 11:53 AM
Donald Trump says he will announce guidelines to reopen the economy on Thursday, with the US president claiming the country has passed the peak of new coronavirus cases as the death toll topped 28,000 people.
(From Irish Times - Top Stories, on 2020-04-16 09:03)
Earlier that day, governors from the West and East coasts had formed coalitions committed to making public health the first consideration in any plan to restart their economies during the coronavirus outbreak.
(From LA Times - Opinion, on 2020-04-16 10:00)
The Tokyo Metropolitan Government is set to roll out an ¥800 billion relief package in response to the ongoing coronavirus outbreak, a figure that far exceeds what was seen in the capital during the 2008-2009 global financial crisis or the Great East Japan Earthquake and subsequent nuclear disaster in March 2011.
(From Japan Times - Top Stories, on 2020-04-16 17:15)
Prime Minister Shinzo Abe said Wednesday the government’s latest emergency package to cushion the fallout from the coronavirus outbreak will boost the economy by up to an annualized 3.8 percent in real terms.
(From Japan Times - Top Stories, on 2020-04-16 12:08)
"To make sure we can achieve growth that will be necessary for our economy to get people back into work, economy back on track, it will be a different world on the other side of the virus and there will be many challenges," he said.
(From The Sydney Morning Herald - Latest News, on 2020-04-16 05:52)
Approval ratings for Moon and his Democratic Party took a serious blow in February when the first major outbreak outside of China hit South Korea, which was already reeling from a stagnant economy and a series of domestic political scandals.
(From Reuters - World News, on 2020-04-16 04:59)
China, Europe show restarting virus-hit economies not easy
(From CityNews Toronto, on 2020-04-16 06:25)
The economy is still trying to rebound after the government attempted to quash the coronavirus outbreak by placing entire cities on lockdown and restricting travel.
(From News18 - World News, on 2020-04-16 06:07)
Foreigners working in Singapore’s trade-dependent economy and living in crowded dormitories now account for half of the tiny city-state’s virus cases after new infections spiked for a third day.
(From CityNews Toronto, on 2020-04-16 04:06)
Estimated global airline losses from the coronavirus pandemic have climbed to $314 billion, 25% more than previously forecast, owing to the severity of the economic downturn and a slower than previously expected reopening of international routes.
(From The Daily Star - World, on 2020-04-16 04:33)
President Donald Trump said Wednesday the United States is past the worst of the coronavirus pandemic and that he will announce guidelines for reopening the economy on Thursday.
(From News18 - World News, on 2020-04-16 04:05)
TC Energy's surprise March 31 announcement that it intended to start construction amid a global economic crisis caused by the coronavirus pandemic came after the provincial government in Alberta invested $1.1 billion to jump-start the work.
(From CBSNews.com - USA, on 2020-04-16 02:00)
Statements from 15 April 2020, at 4:42 PM
Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.
(From Gulf News - Business, on 2020-04-15 13:29)
Still, the Treasury Department has said that “a large majority of eligible Americans” will receive the payments, which were authorized under the $2.2 trillion congressional coronavirus relief plan in March, by April 24.
(From The Mercury News, on 2020-04-15 13:36)
“The IMF does anticipate an improvement in 2021—global growth of almost 6 per cent —but that the pre-coronavirus growth trajectories of major economies will have been derailed lower,” cautioned Edward Bell, commodity analyst at Emirates NBD.
(From Gulf News - Business, on 2020-04-15 13:06)
Meanwhile, Mr Trump's May 1 target for restarting the US economy is "overly optimistic", his top infectious disease adviser said yesterday, after Mr Trump and state governors clashed over who has the power to lift restrictions aimed at curbing the coronavirus pandemic.
(From Independent.ie, on 2020-04-15 12:48)
Thailand plans public-private partnership (PPP) projects worth 1.09 trillion baht during 2020-2027, the finance ministry said on Wednesday, as the government tries to revive the struggling economy amid the coronavirus pandemic.
(From Bangkok Post - World, on 2020-04-15 12:45)
German sportswear maker Adidas said it would accept a €3 billion ($3.3 billion) government-backed loan and halt dividends, to help shore up the retailer against the deadly coronavirus pandemic that has ground global economies to a halt.
(From Market Watch - Breaking News, on 2020-04-15 12:29)
There are many uncertainties about how the coronavirus will impact people's health, their jobs and the economy, but some consumer trends have already become so obvious that they suggest a long-lasting shift in people's behavior when the COVID-19 crisis finally departs.
(From CNET, on 2020-04-15 12:00)
China’s airlines reported a total loss of $4.8 billion in the first quarter, its regulator said.
(From National Post - Top Stories, on 2020-04-15 12:21)
Goldman Sachs announced first-quarter earnings on Wednesday that fell below analyst expectations as the coronavirus battered the markets and the global economy.
(From Business Insider, on 2020-04-15 12:18)
The French government has hiked up the expected cost of its measures to support the economy through the coronavirus crisis to 110 billion euros, its finance minister said on Wednesday, with the country's GDP set to suffer its biggest drop in decades.
(From France24 (English), on 2020-04-15 08:44)
Potential acquirers of privately held shares have been more actively approached about buying into the billion-dollar startups since China started reporting high numbers of virus cases in February, said two investors offered such shares.
(From Reuters - Technology News, on 2020-04-15 08:09)
Sunak stressed that Britain's strategy is not about "choosing" between people's health and the health of the economy, calling "not to take action to protect people's health" as "self-defeating".
(From IOL - News, on 2020-04-15 12:05)
National Restaurant Association forecasts $225 billion loss, up to 7 million jobs lost due to coronavirus The money will also help out with Vanterpool’s $100 donation to local bartenders who are suddenly cash strapped as bars and restaurant either close down or cut staff as a result of the outbreak.
(From Market Watch - Top Stories, on 2020-04-15 12:00)
The current idea among epidemiologists and public health officials is that, once the present surge of cases is tamed in the US, we’ll switch to surveillance mode, opening up the economy again but employing widespread antibody testing and tracing people’s contacts through cell phones or an army of public health officials.
(From Wired - Science, on 2020-04-15 11:00)
The fund said earlier this week the global economy was expected to shrink by 3.0% during 2020 in a coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s.
(From News18 - Business, on 2020-04-14 22:50)
Debt levels, unemployment and budget deficits will spike as the Middle East endures a coronavirus-led recession, piling pain on economies already hit by conflicts and an oil price slump, the IMF said Wednesday.
(From AlArabiya.net MRSS for section Business, on 2020-04-15 10:33)
“We must instate an immediate moratorium on all bilateral and multilateral debt payments, both public and private, until the pandemic has passed.” The IMF warned Tuesday that global economy is set to see its biggest recession in nearly a century due to the impact of lockdown measures that have been put in place to combat the spread of coronavirus.
(From AlArabiya.net MRSS for section Business, on 2020-04-15 10:48)
UnitedHealth is sticking to its profit outlook for the year and says it won’t be seeking any federal assistance to make it through the coronavirus outbreak that has hobbled much of the economy.
(From CityNews Toronto, on 2020-04-15 10:32)
The International Monetary Fund’s (IMF) top economist, Gita Gopinath, on Tuesday projected as part of a new report that “this year the global economy will experience its worst recession since the Great Depression, surpassing that seen during the global financial crisis a decade ago.” The IMF expects the global economy to contract by 3 percent this year because of the coronavirus.
(From The Hill - All News, on 2020-04-15 10:29)
The prime minister urged moderation as people hurry to cash in their gold after the price rose to its highest level in seven years, fuelled by continuing concerns about the impact of the coronavirus pandemic on the global economy.
(From Bangkok Post - Business, on 2020-04-15 10:05)
Statements from 13 April 2020, at 10:38 AM
Global financial leaders are facing calls to speed emergency help to roughly one-half of the countries on the planet, as the coronavirus pandemic threatens to wreck the health and finances of billions of people in the developing world.
(From Washington Post - Business, on 2020-04-13 10:00)
Pakistan has appealed to international stakeholders for urgent debt relief for developing countries so they can deal more effectively with the economic fallout from the coronavirus pandemic, the government said on Sunday.
(From Gulf News - World, on 2020-04-13 08:16)
Last month, facing the prospect of overwhelmed hospitals and unchecked spread of the novel coronavirus, seven Bay Area county and city health departments joined forces to become the first region in the nation to pass sweeping regulations ordering millions of people indoors and shuttering the local economy.
(From Kaiser Health News, on 2020-04-13 09:00)
The amount of money that’s being lost economically, if we put just a fraction of that into our public health workforce, we could get the economy back up and running.” Massachusetts asked the global health nonprofit Partners in Health to help it hire 1,000 people to carry out mass contact tracing.
(From Kaiser Health News, on 2020-04-13 09:00)
The Age reported on Monday that independent economic forecasters believe the coronavirus pandemic will shrink the Victorian economy by up to 10 per cent in 2020, the biggest contraction since the Depression and, before that, the first year of World War I.
(From The Sydney Morning Herald - National, on 2020-04-13 09:50)
This year, the new coronavirus has dealt a triple-pronged blow to Springfield’s economy during a time when it depends on money flowing in from conventions and the General Assembly bringing people to town from all over the state.
(From Chicago Tribune - Breaking News, on 2020-04-13 10:00)
Japan, the world’s third-biggest economy, has seen its number of new cases climb rapidly in recent days and now has 7,255 confirmed cases of the virus.
(From Irish Times - Top Stories, on 2020-04-13 05:58)
As the coronavirus pandemic throws millions out of work and devastates economies worldwide, governments are struggling with the dilemma between keeping people safe from a highly contagious virus and making sure they can still make a living.
(From ABC News - Top Stories, on 2020-04-13 08:30)
The impact of the novel coronavirus outbreak on the economy would depend on the depth, duration and diffusion of the crisis, the Reserve Bank of India said in the minutes of its emergency monetary policy committee (MPC) meeting in March.
(From News18 - Business, on 2020-04-12 21:00)
Oil prices have slumped more than 50% from their January peak as the novel coronavirus pandemic brought the global economy to a standstill and hit fuel demand.
(From Reuters - Company News, on 2020-04-13 06:45)
Recruit Holdings Co Ltd dived 8.0% after the Nikkei business daily reported the recruiting company had requested 450 billion yen of credit lines from Japan’s three megabanks to help it through the virus outbreak.
(From Reuters - Company News, on 2020-04-13 06:53)
The country has sufficient funds for coronavirus response and will secure more to restart the economy, Finance Secretary Carlos Dominguez tells CNN Philippines.
(From Bangkok Post - Business, on 2020-04-13 08:20)
Officials in New Zealand and Australia, hailed globally for their early signs of success in combating the spread of the coronavirus, said on Monday it is too soon to start easing social distancing rules or reopening their economies.
(From Reuters - World News, on 2020-04-13 05:06)
But Russia completely failed to anticipate the devastating impact of the coronavirus pandemic on the world economy when it walked away from the agreement with the Organization of Petroleum Exporting Countries and other big producers known as Opec+, said a senior Russian official.
(From Straits Times - Business, on 2020-04-13 08:05)
Announcing the measures last week, President Ali Bongo Ondimba said an "exceptional massive aid" package of FCFA 250 billion ($415 million) had been set up to help both individuals and businesses who have been hard hit by the coronavirus pandemic.
(From AllAfrica News, on 2020-04-13 07:58)
Property investment sales in Singapore fell 37 per cent to $3.02 billion in the first quarter of this year from the previous three months as the coronavirus outbreak took its toll on investor sentiment, a report from Cushman & Wakefield on Monday (April 13) showed.
(From Straits Times - Business, on 2020-04-13 06:41)
Business is expected to bounce back when people feel safer about venturing out to dine again but a sharp slowdown in China's economy could curb spending power for pricy beef, said Pan Chenjun, senior analyst at Rabobank.
(From Independent.ie, on 2020-04-13 06:55)
Economies such as India, Bangladesh, Sri Lanka, and Pakistan have reported relatively few virus cases but experts fear they could be the next hotspots.
(From BBC News - Business, on 2020-04-13 06:19)
But Fauci said Sunday that the economy in parts of the country could have a “rolling reentry” as early as next month, provided health authorities can quickly identify and isolate people who will inevitably be infected.
(From ABC News - Top Stories, on 2020-04-13 05:23)
An agreement by oil-producing nations on Sunday to cut output by a record amount may sustain a recent bounce in stocks, although stay-at-home restrictions and closures tied to the coronavirus pandemic still weigh on the global economy.
(From Reuters - Company News, on 2020-04-12 22:49)
In particular, China should make a major donation -- say, one billion surgical masks and one million hazmat suits (10 days of supply for 50,000 health-care workers) -- to the United States.
(From Bangkok Post - Opinion, on 2020-04-12 21:30)
It's unlikely that many Western nations will lift restrictions on human movement and social interaction as quickly as China did, given that it currently seems the world's second-largest economy is facing a resurgence of the virus.
(From The Sydney Morning Herald - Latest News, on 2020-04-13 03:18)
Statements from 12 April 2020, at 11:30 PM
The coronavirus response legislation enacted last month, known as CARES, authorizes the Fed to leverage $454 billion of taxpayer funds, potentially to loans worth 10 times that much.
(From Bangkok Post - Business, on 2020-04-12 21:30)
Global oil demand is estimated to have fallen by a third as more than 3 billion people are locked down in their homes due to the coronavirus outbreak.
(From AlArabiya.net MRSS for section Business, on 2020-04-12 23:35)
He however told US comedy/news programme The Daily Show that “Seven billion people, that’s a tall order, but it is where we need to get to.” Bill Gates foundation is currently funding the construction of factories for seven coronavirus vaccine candidates.
(From Africa Feeds, on 2020-04-13 01:15)
While there are signs that pressure is easing — Indonesia, for example, sold $4.3 billion of dollar bonds last week to help finance virus relief measures — there are risks the outflows could resume as the hit to emerging market growth becomes more evident, IIF analysts said.
(From Japan Times - Top Stories, on 2020-04-13 09:32)
“Despite all the uncertainty that persists regarding the coronavirus, optimism is growing that the virus may be peaking in major global hot spots and that the Fed and Capitol Hill have delivered enough stimulus to provide a safety net for corporate America,” he said.
(From Market Watch - Top Stories, on 2020-04-12 23:56)
It was also suggested that €2.2 billion of extra funding that has gone into health as a “one off” due to coronavirus could be included in the base as part of calculations for next year’s budget, which would bring overall health spending to about €20 billion.
(From Irish Times - Top Stories, on 2020-04-12 20:42)
In China, where the virus first saw its debilitating effects unfolding at the beginning of the year, the economy is slowly rebuilding itself.
(From PYMNTS.com, on 2020-04-12 22:49)
A few days after our interview the news site Axios published this memo Navarro wrote in late January, in which he warned the White House National Security Council the China-born virus could cause a global pandemic, take a "half-million American souls" and cost the economy "$5.7 trillion."
(From CBSNews.com - Headlines, on 2020-04-12 23:05)
Before the coronavirus upended the global economy, Uniqlo had been in the middle of a push into Europe and India, opening its first country stores in Italy and New Delhi.
(From Straits Times - Business, on 2020-04-12 21:00)
In a separate phone call between Trump and Saudi crown prince Mohammed bin Salman, they both welcomed the outcome of meeting to cut oil output amid the consequences of the coronavirus outbreak and in line with the aspirations of the markets, in a way that enhances the growth of the global economy.
(From Reuters - Business, on 2020-04-12 22:01)
The coronavirus pandemic could cost the global economy as much as $4.1 trillion, with many countries unveiling pricey stimulus packages.
(From Cointelegraph, on 2020-04-12 21:00)
Joe Biden on Sunday outlined how he would “safely reopen” the US economy amid the coronavirus outbreak — calling for ramped up testing and continued social distancing.
(From The NY Post, on 2020-04-12 19:26)
Hospitals and health-care providers have to be “ready for flare-ups” of the coronavirus that may happen as the economy tries to get back on track.
(From The NY Post, on 2020-04-12 19:26)
The IRS said over the weekend it has started sending coronavirus stimulus payment to eligible Americans who have direct deposit.
(From The NY Post, on 2020-04-12 19:38)
The United States’ top infectious disease expert said Sunday that the economy in parts of the country could have a “rolling reentry” as early as next month, provided health authorities can quickly identify and isolate people who will inevitably be infected with the coronavirus.
(From TIME, on 2020-04-12 18:16)
The new coronavirus pandemic could send economies tumbling by 4.6% this year across Latin America and the Caribbean, forcing governments to take ownership stakes in struggling major businesses, according to a World Bank report issued Sunday.
(From CityNews Toronto, on 2020-04-12 18:02)
Statements from 10 April 2020, at 11:37 AM
Johnson was the first world leader to be hospitalized with the coronavirus, forcing him to hand control of the world’s fifth-largest economy to foreign minister Dominic Raab just as Britain’s outbreak approaches its most deadly peak.
(From Japan Times - Top Stories, on 2020-04-10 09:52)
The demand for Small Business Administration (SBA) loans has led the Federal Reserve to consider allowing non-bank lenders to speed distribution of $350 billion in loans through the coronavirus crisis, Reuters reported.
(From PYMNTS.com, on 2020-04-10 00:47)
Consumer confidence slumped to a historic low in March as people worried about the spread of the coronavirus, which is estimated to cost 1-1.5 trillion baht in losses to the economy in the first half of this year.
(From Bangkok Post - Business, on 2020-04-09 21:00)
“Whatever we do we want to make sure we’re stimulating the economy and that we’re not affecting anybody that has been hit by the (coronavirus),” Stephanson said in a press conference after Wednesday’s council meeting.
(From Ottawa Citizen, on 2020-04-09 23:59)
Wall Street has closed out its best week in more than 45 years on Thursday (US time) after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak.
(From The Sydney Morning Herald - Latest News, on 2020-04-10 00:05)
Another 6.6 million people filed for unemployment benefits last week as the coronavirus outbreak continued its devastating march through the US economy, the Labor Department reported.
(From The Sydney Morning Herald - Latest News, on 2020-04-10 00:08)
State Farm, the nation’s largest underwriter of auto insurance premiums, said Thursday that it will return $2 billion to its customers, making it the latest insurer to offer rebates as fewer motorists hit the road as a result of the new coronavirus.
(From Chicago Tribune - News, on 2020-04-09 21:51)
Paolo Gentiloni, the European commissioner for the economy and a former Italian prime minister who is an advocate for a special coronavirus fund and joint corona-bonds, said that Thursday’s measures were not the final word in Europe’s collective economic response.
(From NY Times - World News, on 2020-04-09 23:19)
Bruno Le Maire said after talks with his euro zone counterparts that European Union member states had agreed to mobilise 1 trillion euros to shore up the economy in response to the coronavirus crisis, in the most important economic plan in the EU’s history.
(From Reuters - Top News, on 2020-04-09 20:59)
One senior GOP aide said that the lawmakers were "very close" to getting the deal included in the $2.2 trillion coronavirus stimulus bill Congress passed last month.
(From Politico - Health Care, on 2020-04-09 22:59)
Canada’s coronavirus death toll is set to soar from the current 461 to as high as 22,000 by the end of the pandemic, health officials said, while the economy lost a record 1 million jobs last month as several provinces closed non-essential businesses.
(From Reuters - Company News, on 2020-04-09 21:31)
It shows how suddenly the global economy can be brought to a near-standstill by a new pathogen whose origins, transmission and effects are still murky, more than three months after the initial outbreak in China.
(From Washington Post - Opinions, on 2020-04-09 09:59)
Governments from the 19 countries that use the euro have agreed a package of measures that could provide more than £442 billion for companies, workers and health systems to cushion the economic impact of the coronavirus outbreak.
(From Independent.ie, on 2020-04-09 21:32)
He said: “Tonight Europe has shown it can deliver when the will is there.” The ministers agreed that hard-pressed governments such as Spain and Italy could quickly tap the eurozone’s bailout fund for up to 240 billion euros (£210 billion), with the condition that the money is spent on their health care systems and the credit line expires after the outbreak is over.
(From Independent.ie, on 2020-04-09 21:32)
They say predictions for a relatively quick economic rebound as coronavirus cases wane are overly optimistic, and the head of the International Monetary Fund said Thursday the global economy is set for its deepest recession since the Great Depression..
(From CBSNews.com - USA, on 2020-04-09 21:43)
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.
(From TIME, on 2020-04-09 20:51)
Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak.
(From Chicago Tribune - Business, on 2020-04-09 20:54)
This week, she sent a note out to her clients breaking down three different ways self-employed people can keep themselves afloat financially while the coronavirus ravages the economy.
(From Business Insider, on 2020-04-09 20:17)
WeWork and Knotel were financially strained before the coronavirus hit, but as large portions of the economy shut down nationally to prevent the virus from spreading, missed rent payments show their situations may be becoming more dire.
(From Bisnow, on 2020-04-09 15:25)
Health Minister Jaime Manalich said he hoped some of the 1,274 people identified as having recovered from COVID-19 - 21% of the total confirmed cases - would be able to help restart the local economy which has been paralysed since the virus was first confirmed in Chile at the start of March and successive lockdowns were announced.
(From Reuters - Health, on 2020-04-09 20:30)
Chile’s government closed schools, malls and restaurants within days of the first confirmed cases and announced $14 billion worth of measures to mitigate its effect on vulnerable families, businesses and a growing number of jobless people.
(From Reuters - Health, on 2020-04-09 20:30)
City expects federal coronavirus stimulus package to give $1.5 billion to Chicago government, CPS and CTA
(From Chicago Tribune - Politics, on 2020-04-09 19:31)
Deng said he expects the People’s Bank of China to use a digital currency to distribute a stimulus package, which he sees as a complementary catalyst to the bitcoin mining industry.
(From CoinDesk, on 2020-04-09 19:05)
Houston's economy has been battered over the past month, as the coronavirus outbreak disrupted businesses and consumer spending and crude oil prices fell rapidly.
(From Bisnow, on 2020-04-09 18:10)
A staggering 16.8 million Americans have filed for unemployment benefits in the last three weeks, with weekly new claims topping 6 million for the second straight time last week as the novel coronavirus outbreak relentlessly savages the economy.
(From Channel News Asia - Business, on 2020-04-09 18:20)
Statements from 9 April 2020, at 10:09 AM
“People don’t want to be seen as playing partisan politics with a pandemic.” The coronavirus outbreak has upended life across the country, shuttering large portions of the economy.
(From Reuters - Politics, on 2020-04-09 10:04)
Medicare administrator Seema Verma announced on Tuesday night that hospitals could tap $30 billion in “no-strings-attached” coronavirus grants — a move that won her plaudits from health care providers but also one that her rival, Health and Human Services Secretary Alex Azar, had planned to make, according to three people close to the situation.
(From Kaiser Health News, on 2020-04-09 10:30)
The general secretary of trade union body the TUC, Frances O’Grady, said: "Even before the coronavirus crisis hit, our economy needed a change of direction."
(From Guardian - Business, on 2020-04-09 10:28)
The program is a welcome source of farm revenue as the price of crops such as corn and soybeans hovers near the lowest in several years after the bruising trade war between the United States and China and, now, the coronavirus pandemic that has kneecapped the global economy.
(From Reuters - Company News, on 2020-04-09 10:00)
Nissan Motor Co Ltd has requested a US$4.6 billion commitment line from major lenders to cushion the impact of the coronavirus pandemic while it seeks to engineer a desperately needed turnaround, people with knowledge of the matter said.
(From Channel News Asia - Business, on 2020-04-09 10:00)
The NRHA says the money should come in a likely future stimulus bill or out of a $100 billion public health emergency fund earmarked in a coronavirus relief bill signed by President Trump late last month.
(From NPR News, on 2020-04-09 09:00)
The Internal Revenue Service is under huge pressure to quickly disperse the $1,200 payments promised to most people in the $2.2 trillion coronavirus relief bill.
(From NPR News, on 2020-04-09 09:00)
Japan Will Pay Its Firms to Leave China, Relocate Production as Part of Coronavirus Stimulus Package
(From News18 - World News, on 2020-04-08 21:20)
The coronavirus outbreak continues its devastating march across the American economy, and Thursday will bring fresh evidence.
(From NY Times - Business News, on 2020-04-09 09:58)
Trump removes inspector general who was to oversee $2 trillion stimulus spending Trump has approached the coronavirus crisis as “the perfect occasion” to ramp up his push to consolidate power and curb oversight, said Noah Bookbinder, the executive director of Citizens for Responsibility and Ethics in Washington.
(From Washington Post - Politics, on 2020-04-09 10:00)
Half a billion people around the world could be pushed into poverty and developing countries could be set back by up to 30 years as their economies shrink because of the coronavirus outbreak, the researchers warned.
(From Guardian - World, on 2020-04-09 09:41)
Bracing up for COVID-19 consequences on the Nigerian economy For most developing economies, the odds of sliding into a downturn are gradually expected as the global coronavirus outbreak puts severe pressure on the economy.
(From AllAfrica News, on 2020-04-09 08:07)
Social distancing rules around the globe, in response to the coronavirus, have battered business activity and led the global economy towards a deep recession.
(From Reuters - Company News, on 2020-04-09 08:40)
World Bank vice president for Africa Hafez Ghanem said the coronavirus pandemic was testing the limits of societies and economies across the world and African countries were likely to be hit particularly hard.
(From IOL - Business, on 2020-04-09 08:50)
China mulls 4 tril. yuan in special bonds to boost virus-hit economy
(From Kyodo News, on 2020-04-09 08:45)
A nationwide collapse in consumer spending caused by the coronavirus outbreak was arrested last week as new real-time economic data shows pensioners and social security recipients used a one-off $750 stimulus payment to buy much more than usual.
(From The Sydney Morning Herald - Business, on 2020-04-08 22:48)
The tentative optimism in parts of Europe and the US about a turning point in the rate of coronavirus infection is encouraging more people to start thinking about how and when to restart economies.
(From The Sydney Morning Herald - Business, on 2020-04-08 22:48)
The debate over the ramifications of a months-long shutdown of the American economy in an effort to force people to “socially distance” — and, thus, prevent coronavirus from spreading unchecked — also highlights the chasm between left and right on the American political spectrum.
(From Market Watch - Top Stories, on 2020-04-09 08:56)
Japanese authorities are hoping to contain the outbreak without imposing a mandatory lockdown that could deal a major blow to an economy already struggling to cope with the virus outbreak.
(From Channel News Asia - Latest News, on 2020-04-09 08:13)
"The spread of the coronavirus is having a severe impact on Japan's economy through declines in exports, output, demand from overseas tourists and private consumption," he said.
(From Channel News Asia - Latest News, on 2020-04-09 08:13)
As Australian governments spend up a $300-billion-plus storm to help us weather the coronavirus crisis, ratings agency S&P Global cast a cloud over the nation's coveted AAA sovereign debt rating, lowering the outlook to "negative" from "stable."
(From The Sydney Morning Herald - Latest News, on 2020-04-09 06:18)
At a time when tens of thousands of people are desperately short of money because of the coronavirus crisis, one obvious source of funds is the $3 trillion pool of superannuation savings.
(From The Sydney Morning Herald - Latest News, on 2020-04-09 06:59)
Japanese authorities are hoping to contain the outbreak without imposing a mandatory lockdown that could deal a major blow to an economy already struggling to cope with the virus outbreak.
(From Reuters - Company News, on 2020-04-09 07:15)
“The spread of the coronavirus is having a severe impact on Japan’s economy through declines in exports, output, demand from overseas tourists and private consumption,” he said.
(From Reuters - Company News, on 2020-04-09 07:15)
“For the time being, we won’t hesitate to take additional monetary easing steps if needed, with a close eye on developments regarding the coronavirus outbreak.” The BOJ cut its assessment on all of Japan’s nine regions for the first time in 11 years, saying their economies were weakening or under strong downward pressure.
(From Reuters - Company News, on 2020-04-09 07:15)
As the days and weeks go by, the numbers illustrating how paralyzed the country's economy has become because of the coronavirus pandemic are getting bigger.
(From CBC - Canada News, on 2020-04-09 08:00)
The ways and means facility will give the government a temporary cash buffer as it seeks to raise unprecedented amounts to deal with the coronavirus outbreak The move comes as the latest official statistics show that the UK economy was stagnant in the three months to February, just before the coronavirus pandemic escalated and lockdown measures were introduced.
(From BBC News - Business, on 2020-04-09 07:06)
The ONS said: "Before the full effects of coronavirus took hold, the economy continued to show little to no growth."
(From BBC News - Business, on 2020-04-09 07:06)
Instead the People’s Bank of China will largely rely on policy tools such as bank reserves, various lending facilities, and tools including market interest rates to support the economy, the sources said.
(From Gulf News - World, on 2020-04-09 05:14)
“A vital part of this includes investing in and supporting the last mile of distribution, so that food can reach people’s homes and not get stuck in central food stores.” As governments prepare to help their economies recover from the coronavirus crisis, they should invest in making the food system more environmentally and socially sustainable, the letter says.
(From Guardian - World, on 2020-04-09 06:00)
“The IMF’s pledge to unleash up to $1 trillion to help governments in the wake of the coronavirus pandemic holds extraordinary potential to save lives and protect the people hardest hit,” said Sarah Saadoun, business and human rights researcher at Human Rights Watch.
(From Human Rights Watch, on 2020-04-09 04:01)
As the coronavirus crisis has deepened, European governments have established virus-control commands and economy-protection commands, but few—if any—have a similar structure in place for exit command.
(From McKinsey, on 2020-04-08 00:00)
The Coronavirus Pandemic Could Force Half A Billion People Into Poverty
(From Huffington Post, on 2020-04-08 23:01)
During a video conference call with hundreds of executives on Tuesday, Salazar said Lopez Obrador’s administration did not appear to understand the seriousness of the coronavirus threat to the economy.
(From Reuters - Business, on 2020-04-09 01:24)
A total of 273 hospitals have sought financial assistance from the telecom regulator, which earlier approved using 1 billion baht from its fiscal 2020 budget and the Broadcasting and Telecommunications Research Fund to support hospitals fighting the coronavirus outbreak.
(From Bangkok Post - Business, on 2020-04-08 21:00)
In the wake of the new payments put in place to protect the economy during the coronavirus outbreak, Mr Dutton said a taskforce has already been established including officers from the Australian Federal Police and investigators within Centrelink and Services Australia.
(From The Sydney Morning Herald - National, on 2020-04-09 00:43)
But with the United States now leading the world in Covid-19 cases, its health care system fraying and economy faltering, some American citizens — especially those living abroad — are starting to see their country in a new, unsettling light.
(From NY Times - World News, on 2020-04-08 23:12)
The primary reason for the drop in oil prices, however, is the stunning collapse in oil consumption as the global economy has ground to a virtual standstill in the face of the coronavirus pandemic.
(From Foreign Policy, on 2020-04-08 21:25)
What a Start-Up Crash Reveals About China’s Post-Coronavirus Economy
(From Foreign Policy, on 2020-04-08 21:46)
Statements from 8 April 2020, at 10:53 AM
Twitter co-founder and chief executive Jack Dorsey said Tuesday he was committing $1 billion of his personal fortune to coronavirus relief through his philanthropic fund.
(From CBSNews.com - Headlines, on 2020-04-08 10:12)
Major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no end is in sight without clarity about how long lockdowns will last, the Organisation for Economic Cooperation and Development said on Wednesday.
(From AlArabiya.net MRSS for section Business, on 2020-04-08 10:27)
Haji-Ioannou, whose family owns a third of easyJet’s shares and who even before the coronavirus crisis was a critic of easyJet’s strategy to buy more planes, has talked of a 4.5 billion pound payment to Airbus, but a source familiar with the matter said the amount due was significantly less.
(From Reuters - Business, on 2020-04-08 09:30)
As the global economy is battered by the new coronavirus pandemic, questions are growing about whether a vast pile of risky debt can be allowed to implode.
(From Quartz, on 2020-04-08 08:55)
The forecast further stated that India’s economy will likely contract in the first two quarters of the year as consumption plunges during a three-week lockdown to contain the coronavirus outbreak.
(From News18 - Business, on 2020-04-07 20:28)
World stocks turned negative on Wednesday as the coronavirus death toll mounted and euro zone finance ministers failed to agree a rescue package to help economies recover from the impact of the outbreak.
(From Channel News Asia - Latest News, on 2020-04-08 08:40)
Paris: In its worst performance since 1945, the French economy shrank around six per cent in the first quarter of this year as the coronavirus pandemic decimated business activity, the Bank of France said Wednesday.
(From News18 - World News, on 2020-04-07 20:26)
President Recep Tayyip Erdogan has stepped up measures to stem rapidly growing coronavirus cases in Turkey but his refusal to impose a full lockdown to keep the economy afloat is drawing criticism.
(From Gulf News - World, on 2020-04-08 06:24)
Earlier this week, the CBUAE announced additional measures to support the economy during the coronavirus pandemic that increase the size of its Targeted Economic Support Scheme to Dh256 billion ($70 billion, or around 17 per cent of the country’s GDP) from Dh100 billion.
(From Gulf News - Business, on 2020-04-08 06:57)
Tests are seen as essential for fighting the virus and nursing the economy back to health by allowing those with immunity to return to work, and the UK is now trying to catch up with countries like Germany which tests 500,000 people a week.
(From Reuters - Health, on 2020-04-08 07:08)
“Economies will take time to re‑open, some businesses will not re‑open, and unemployment will take years to return to levels reported at the end of 2019.” Ratings agency S&P Global on Wednesday warned the cost of combating the virus would weigh heavily on Australia’s finances and changed the outlook for the country’s rating to negative.
(From Reuters - Business, on 2020-04-08 05:40)
“In the current context of the coronavirus pandemic and considering the many uncertainties that currently weigh on the global economy and our markets, we have decided not to engage the construction of our lithium production plant in Argentina,” Eramet chairman and CEO Christel Bories said.
(From Reuters - Company News, on 2020-04-08 06:20)
The federal government has announced close to $1 billion in industry aid since the coronavirus outbreak, which has obliterated travel demand and put airlines around the world under severe financial pressure.
(From The Sydney Morning Herald - Business, on 2020-04-08 06:50)
Sen. Marco Rubio rejects President Donald Trump's characterization that federal efforts to help small businesses survive the coronavirus crisis have been "flawless," but the Florida Republican said the situation is improving and Congress should approve at least $200 billion more to meet a continuing "stampede" of demand.
(From USA Today - Money Top Stories, on 2020-04-08 04:38)
Goh said Karex had seen growing demand as people worldwide are confined to their homes, while Indian media reported that condom sales had jumped 25-35 percent in the week after the country of 1.3 billion people announced a lockdown.
(From Bangkok Post - World, on 2020-04-08 04:45)
Blantyre — Malawi’s president has ordered a 10 percent pay cut for himself and his 32-member cabinet to cushion the impact of coronavirus on the economy.
(From AllAfrica News, on 2020-04-08 04:40)
Trump says he'd like economy to reopen 'with a big bang' but acknowledges it may be limited
(From The Hill - All News, on 2020-04-08 02:56)
SINGAPORE - Past crises are no longer good indicators of how the ongoing coronavirus outbreak will impact the global economy, and Singapore needs to be prepared for anything to happen, said Minister in the Prime Minister's Office Indranee Rajah on Wednesday (April 8).
(From Straits Times - Politics, on 2020-04-08 04:06)
The Bill Gates Foundation has also said it would spend billions on the fight against the coronavirus pandemic.
(From Silicon Angle, on 2020-04-08 02:26)
Kenney said that they predict that the global economy could recover from the virus’ impact later this year but assumes Alberta will have a much longer crawl back to economic stability.
(From 660 News (Calgary), on 2020-04-08 00:21)
We’ll be paying people to take away our energy.” Kenney said he suspects that due to the virus’s impact and the “predatory price war” Saudi Arabia and Russia have led against the global energy price, Alberta’s budget deficit could be tripled from $7 billion to $20 billion.
(From 660 News (Calgary), on 2020-04-08 00:21)
Statements from 7 April 2020, at 6:29 PM
A WeWork board committee that negotiated a $3 billion tender offer with SoftBank Group sued the Japanese conglomerate on Tuesday for abandoning the deal, accusing it of succumbing to “buyer’s remorse” amid the novel coronavirus outbreak.
(From Reuters - Technology News, on 2020-04-07 19:30)
If approved by Congress, the aid would add to the US$349 billion in forgivable loans to small businesses enacted on March 27 as part of a US$2.3 trillion economic stimulus in response to the virus outbreak.
(From Channel News Asia - Latest News, on 2020-04-07 18:55)
The Trump administration will seek an additional $250 billion to support a program designed to help small businesses keep workers employed through the coronavirus outbreak, Treasury Secretary Steven Mnuchin said.
(From 660 News (Calgary), on 2020-04-07 18:22)
Whether the agenda is coronavirus, climate change or China, the world’s two biggest economies — the United States and the European Union — are now often divided.
(From Carnegie Endowment, on 2020-04-04 09:09)
“This was Boris Johnson and his people.” Raab’s “lack of political authority” might become noticeable if it is time to make major decisions, like when to ease the country’s coronavirus lockdown in an attempt to revive the economy.
(From News 1130 (Vancouver), on 2020-04-07 17:28)
This, they said, provides greater scope for the sector to absorb coronavirus-related losses and support the economy.
(From Irish Times - Business, on 2020-04-07 16:22)
“But I don’t think there’s anything other than a suggestion of a great team spirit within government.” Gove also said the top echelons of government had been divided into teams focusing on different areas of response to the coronavirus — like health, the economy and welfare.
(From TIME, on 2020-04-07 15:55)
Honda, Nissan to lay off 10,000 workers each as coronavirus hits economy
(From CNET, on 2020-04-07 15:47)
China on Wednesday ended its lockdown of Wuhan, the city where the coronavirus first emerged and a potent symbol in a pandemic that has killed tens of thousands of people, shaken the global economy and thrown daily life into upheaval across the planet.
(From NY Times - World News, on 2020-04-07 16:25)
Trump administration has indicated that it plans to reimburse hospitals for the care of uninsured COVID-19 patients through the $100 billion fund authorized by Congress for hospitals and other health care entities as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act.
(From Kaiser Family Foundation, on 2020-04-07 15:49)
While President Donald Trump played down concerns about the coronavirus in January and February, a top White House adviser warned that a coronavirus pandemic could cost the country trillions of dollars and endanger millions of Americans, according to two new reports.
(From USA Today - National Top Stories, on 2020-04-07 15:52)
Global debt surges over $87 trillion compared to 2008 crisis amid coronavirus: Report
(From AlArabiya.net MRSS for section Business, on 2020-04-07 15:12)
Saudi Arabia said it would convene a virtual meeting of energy ministers from the Group of 20 major economies on Friday “to foster global dialogue and cooperation to ensure stable energy markets and enable a stronger global economy.” A statement from the Saudi G20 secretariat said the energy ministers, speaking by video conference, would also act to alleviate the impact of the coronavirus pandemic on global energy markets.
(From AlArabiya.net MRSS for section Business, on 2020-04-07 15:19)
Two of President Trump’s closest advisers on Tuesday predicted the economy will roar back to life later this year, even as China’s sluggish recovery from the coronavirus shows such optimism might be misplaced.
(From Washington Post - Business, on 2020-04-07 14:51)
Eventually, the coronavirus outbreak will subside, but with an economy that looks as if it has been nuked, and a workforce that has become so used to subsisting on what amounts to a state-provided "universal basic income" that it has lost all will to work.
(From The Sydney Morning Herald - Business, on 2020-04-07 14:15)
The agency’s previous objective of raising between €10 billion and €14 billion has been jettisoned as a result of coronavirus and the resulting costs to the State.
(From Irish Times - Business, on 2020-04-07 12:37)
The deadly coronavirus has put health care systems under intense stress and delivered "unprecedented shocks to economies and labor markets," leading the ILO to declare in its report on COVID-19, "it is the worst global crisis since the Second World War."
(From NPR News, on 2020-04-07 14:00)
JPMorgan Chase CEO Jamie Dimon says the coronavirus pandemic will have devastating consequences for the global economy.
(From NPR News, on 2020-04-07 14:02)
Fullerton also said the coronavirus could alter the economies of entire regions, like the sister cities of Ciudad Juarez, Mexico, and El Paso.
(From Benzinga, on 2020-04-07 13:10)
Earlier Monday, Senate Minority Leader Chuck Schumer announced he was tapping one of Warren’s longtime aides for a newly created coronavirus oversight commission to oversee the Trump administration’s handling of a $500 billion coronavirus relief fund.
(From Politico - Politics, on 2020-04-06 21:57)
On a caucus call Monday that featured former Federal Reserve Chair Janet Yellen, Pelosi said the next coronavirus relief bill could “easily” cost more than $1 trillion.
(From Politico - Politics, on 2020-04-07 14:24)
Statements from 7 April 2020, at 11:17AM EST
He then had to pledge hundreds of billions of pounds of unprecedented support for British businesses when the government effectively shuttered much of the economy to keep people at home and prevent the spread of the coronavirus.
(From Reuters - Health, on 2020-04-07 12:48)
WIPO's head, Francis Gurry, told a news conference China's success was "down to a very deliberate strategy on the part of Chinese leadership to advance innovation and to make the country a country whose economy operates at a higher level of value."
(From News18 - World News, on 2020-04-07 00:59)
Scarf maker Scough among companies benefitting from coronavirus outbreak Coronavirus consequences: What can policymakers do to save the economy?
(From France24 (English), on 2020-04-07 11:11)
India’s coronavirus cases have been doubling every four days; the number of detected cases has risen above 4,000, and the country remains under a strict lockdown that has kept much of its 1.3 billion people indoors.
(From NY Times - World News, on 2020-04-07 12:12)
Although US President Donald Trump and some of his Republican allies have publicly questioned whether the lockdown’s hit to the economy was worth the public health benefit, the FT-Peterson poll found two-thirds of Americans were more concerned about the virus’s impact on public health than on the economy.
(From Irish Times - Business, on 2020-04-07 11:38)
Forty-five per cent of Republicans said they were more concerned about the outbreak’s impact on the economy than its public health effects, while just 22 per cent of Democrats and 33 per cent of independents put the economy as a bigger concern.
(From Irish Times - Business, on 2020-04-07 11:38)
Elsewhere, Tokyo shares advanced on Tuesday, supported by tentative signs of the coronavirus outbreak being contained in New York and other global hot spots, with long-only investors still awaiting details of Japan’s massive economic stimulus package.
(From Irish Times - Business, on 2020-04-07 06:49)
“We’ve been saying that we are on the brink of the brink, but it’s becoming a very tense situation,” economy minister Yasutoshi Nishimura said during a Fuji Television broadcast Sunday, as Tokyo reported its second day of 100-plus new cases.
(From Japan Times - Top Stories, on 2020-04-07 20:09)
Thai stocks surged as trading resumed after the Chakri Memorial Day holiday, boosted by rising optimism about a waning coronavirus outbreak and the government’s new economic stimulus.
(From Bangkok Post - Business, on 2020-04-07 09:57)
The Thai government is planning new borrowing of 1 trillion baht for its latest stimulus package to counter the economic impact of the coronavirus outbreak.
(From Bangkok Post - Business, on 2020-04-07 09:57)
Low-interest loans and a six-months debt moratorium for small and medium-sized enterprises are the fulcrum of a new 1 trillion baht stimulus package to tackle the economic impact of the coronavirus outbreak announced on Tuesday.
(From Bangkok Post - Business, on 2020-04-07 10:14)
More than 160 current and former global leaders are urging the world’s 20 major industrialised nations to approve $8 billion in emergency global health funding to hasten the search for a vaccine, cure and treatment for Covid-19 and prevent a second wave of the coronavirus pandemic.
(From Irish Times - Top Stories, on 2020-04-07 06:28)
Two former FDA commissioners, both with bipartisan credibility, are working with lawmakers on a framework to gradually restart the economy — as long as the country builds an ample testing and disease surveillance system to rapidly diagnose coronavirus, isolate infected people and effectively quarantine their close contacts.
(From Politico - Health Care, on 2020-04-07 10:02)
> Japan: The Japanese government approved a nearly $1 trillion stimulus package as the country creates a cushion for the coming economic fallout from the coronavirus and prepares for rising tallies of confirmed cases in the coming days and weeks (Reuters).
(From The Hill - All News, on 2020-04-07 10:30)
Qatar’s ruler has asked the government to postpone $8.2 billion in unawarded contracts on capital expenditure projects due to the coronavirus outbreak, a bond prospectus seen by Reuters showed.
(From AlArabiya.net MRSS for section Business, on 2020-04-07 08:01)
Indonesia’s central bank said the New York Federal Reserve will provide it with a $60 billion repurchase facility to help with liquidity needs amid a dollar shortage triggered by the coronavirus outbreak.
(From Bangkok Post - Top Stories, on 2020-04-07 09:06)
The World Bank last week announced its “East Asia and Pacific in the time of COVID-19” report, which stated that while prospects remain favourable for the Vietnamese economy in the medium term, GDP growth will be affected negatively by the coronavirus outbreak, now a global pandemic.
(From Vietnam Breaking News, on 2020-04-07 14:00)
The investment, which was a mixture of debt and equity, raises Airbnb’s cash reserves to around $4 billion Airbnb said on Monday private equity firms Silver Lake and Sixth Street Partners will invest $1 billion (€ 92 million) in the short stay accomodation provider, bolstering its finances at a time when the coronavirus outbreak has roiled the travel and leisure industry.
(From Irish Times - Business, on 2020-04-07 07:17)
And while the sale of certain products has benefited from adjustments made by Chinese consumers, China’s strategic position in the world economy and as a primary node in the supply chain are much different now than they were during the SARS outbreak.
(From Technode, on 2020-04-07 08:23)
The Russian economy has been rocked by the coronavirus outbreak, and the breakdown of the OPEC+ oil production pact between Russia and Saudi Arabia.
(From The Moscow Times, on 2020-04-07 07:22)
Statements from 7 April 2020, at 12:26AM EST
"It’s a difficult decision, and I respect whatever he decides." Some of his top advisers have held back-channel discussions with the Biden campaign on matters including preparedness for the coronavirus and the outbreak’s impact on the economy.
(From Chicago Tribune - Politics, on 2020-04-07 00:36)
Prime Minister Shinzo Abe pledged on Monday to roll out an unprecedented economic stimulus package, equal to 20 per cent of economic output, as his government vowed to take "all steps" to battle the fallout from the coronavirus.
(From Straits Times - Business, on 2020-04-07 00:38)
Oil rose on Tuesday amid hopes that the world’s biggest producers of crude will agree to curtail production as the coronavirus pandemic ravages the global economy, even as analysts cautioned the cuts may do little to boost demand.
(From Reuters - Business, on 2020-04-07 00:48)
Airbnb said private equity firms Silver Lake and Sixth Street Partners will invest $US1 billion ($1.6 billion) in the US home rental company, bolstering its finances at a time when the coronavirus outbreak has roiled the travel and leisure industry.
(From The Sydney Morning Herald - Latest News, on 2020-04-07 00:20)
Liquidity is a prime factor, said Mr Pisut, noting that without progress in the production of medicines or vaccines against the coronavirus, the economy is likely to head towards recession.
(From Bangkok Post - Business, on 2020-04-06 21:00)
By some estimates, African countries will need to devote more than $100 billion in additional health spending to fight the coronavirus.
(From Washington Post - Opinions, on 2020-04-06 10:09)
Speaker Nancy Pelosi said Monday that another $1 trillion is needed for the next coronavirus rescue package.
(From The Seattle Times, on 2020-04-06 22:01)
"That's really important as we think about re-opening the country and the economy because if you've had the virus and you've had an immune response to it, in all probability you are immune and safe from the virus," Giroir added.
(From ABC News - Top Stories, on 2020-04-06 16:03)
Though the ballooning economic destruction is largely being induced by the government's efforts to combat the virus, consumers’ outlook for the economy is rapidly darkening as the virus claims more lives and shuts down a broad swath of the country.
(From Politico - Economy, on 2020-04-06 21:15)
Dubbed the Solidarity Budget, this third package means a total of $59.9 billion is being marshalled to take on the coronavirus outbreak.
(From Straits Times - Politics, on 2020-04-06 21:00)
Trump said he wasn't sure yet whether he and Congress might need to negotiate a fourth coronavirus relief bill following the earlier passage of the $2 trillion legislation aimed at helping the economy.
(From NPR News, on 2020-04-06 20:00)
to Investigate CCP’s ‘Culpability’ in Initially Downplaying Coronavirus Ramesh Ponnuru, as usual, hit the nail on the head in his recent piece addressing the monumental task faced by the Federal Reserve, which must now prepare the economy to recover once the coronavirus crisis is over.
(From National Review, on 2020-04-06 18:59)
But Latin American countries will feel it particularly deeply because of how reliant their economies are on investment and trade from the United States, Europe, and China—all currently home to hot spots for the coronavirus.
(From Foreign Policy, on 2020-04-06 20:27)
Indian Prime Minister Narendra Modi and other top government figures will take a 30 percent salary cut this year, a government minister said yesterday, as the country tackles the coronavirus outbreak and its impact on the economy.
(From The Daily Star - World, on 2020-04-06 18:00)
Ideally, the US government would make the stimulus payments based on 2020 income figures, since millions of people who were otherwise gainfully employed last year are now out of a job due to coronavirus containment measures and could desperately use the cash.
(From Business Insider, on 2020-04-06 20:04)
Kenyatta said a majority of the COVID-19 cases in Kenya - East Africa’s richest economy - were residents of Nairobi and the country’s coastal strip, and the new restrictions on movement were intended to prevent the virus spreading to other parts of the country.
(From Reuters - World News, on 2020-04-06 19:20)
The Czech government agreed on Monday to relax some lockdown measures that have stifled the economy as growth of new coronavirus infections has been levelling off in recent days, officials said.
(From Reuters - World News, on 2020-04-06 17:08)
Spanish companies and households have taken up nearly all of the first 20 billion euro ($22 billion) tranche of state-backed credit aimed at alleviating the economic fallout from the coronavirus pandemic, bankers said on Monday.
(From Reuters - World News, on 2020-04-06 17:49)
Separately, Supreme Leader Ayatollah Ali Khamenei approved the withdrawal of one billion euros from Iran’s sovereign wealth fund to fight the coronavirus epidemic, Rouhani’s official website said.
(From Reuters - World News, on 2020-04-06 17:52)
Gentiloni, a former Italian prime minister, said there needed to be “a coordinated fiscal response” to limit the harmful consequences of coronavirus on the European economy.
(From Guardian - Business, on 2020-04-06 17:53)
China gobbles up Brazil’s exports of soy, iron and crude oil, with those three products alone accounting for almost 80% of Brazil’s $14 billion in exports to China in the first quarter of 2020.
(From CityNews Toronto, on 2020-04-06 17:51)
“At this challenging time, we are reminded of the importance of building resilience into our economies.” La Camera said the huge spending planned by governments in response to the coronavirus pandemic must support green initiatives rather than fossil fuels.
(From Guardian - World, on 2020-04-06 15:41)
Griffin told employees of the $30 billion hedge fund in a memo last week that the coronavirus is "an unprecedented moment of global distress as the entire world faces this common invisible threat."
(From Business Insider, on 2020-04-06 16:45)
As the coronavirus has ravaged the global economy, bailouts have begun yet again as cracks have appear in institutions, leaving many to suggest that Bitcoin will “come of age” in this crisis, as put best by Dan Morehead of Pantera Capital.
(From CryptoSlate, on 2020-04-06 14:33)
Statements from 6 April 2020, at 10:04AM EST
Last month, the Australian government announced a AU$2.4 billion health package to try to deal with the coronavirus pandemic.
(From ZDNet, on 2020-04-06 07:38)
In the latest knock to the economy, the global virus outbreak prompted Dubai to propose a one-year delay to Expo, a major event it was due to host from October.
(From Reuters - Business, on 2020-04-06 08:14)
Even prior to the coronavirus outbreak, China’s economy posted the slowest pace of growth in nearly 30 years.
(From Quartz, on 2020-04-06 09:34)
Japan is to impose a state of emergency in Tokyo and six other prefectures as early as Tuesday to try to stop the coronavirus, the prime minister said, with the government preparing a $990 billion stimulus package to soften the economic blow.
(From Reuters - World News, on 2020-04-06 09:17)
The UAE economy has begun to see the economic fallout of the coronavirus, officially known as COVID-19, as authorities place the country into lockdown to control the virus’s spread.
(From AlArabiya.net MRSS for section Business, on 2020-04-06 08:17)
The Japanese government signaled its support for the drug Avigan, including stockpiling enough doses for 2 million people in an economic stimulus package, even though its efficacy in treating the coronavirus has yet to be proved.
(From Gulf News - World, on 2020-04-06 07:21)
Here’s what economists say the United States needs to start returning to normal amid the coronavirus outbreak — and how the economy can survive in the meantime.
(From NY Times - Business News, on 2020-04-06 09:00)
“It’s also quite likely that we will need to figure out how to reopen the economy with the virus remaining a threat.” Public health experts are beginning to make predictions about when coronavirus infection rates will peak.
(From NY Times - Business News, on 2020-04-06 09:00)
Without more testing, “there’s no way that you could set a time limit on when you could open up the economy,” said Simon Mongey, a University of Chicago economist who is among the authors of a new study that found that rapid deployment of randomized testing for the virus could reduce its health and economic damage.
(From NY Times - Business News, on 2020-04-06 09:00)
About the economic impact of the 21-day lockdown, said the first priority should be to tackle the novel coronavirus and then the focus should shift towards the economy.
(From News18 - Politics, on 2020-04-05 19:45)
As the nation's debt agency sold $2 billion of debt to cover the cost of the Morrison government's vast efforts to stabilise the economy and protect workers' incomes, Westpac analysts said the nation's economic powerhouses would suffer the most from the coronavirus and efforts to stop its spread.
(From The Sydney Morning Herald - Latest News, on 2020-04-06 08:35)
The Russian economy has been rocked by the coronavirus outbreak, and the breakdown of the OPEC+ oil production pact between Russia and Saudi Arabia.
(From The Moscow Times, on 2020-04-06 07:48)
He said the nation's economy and primary health facilities would not be able to cope if the spread of the virus escalates.
(From AllAfrica News, on 2020-04-06 05:18)
Japan vows to fight 'biggest global crisis since WWII' with massive coronavirus stimulus package - draft
(From Reuters - Company News, on 2020-04-06 07:02)
Others said the issue must be addressed once the coronavirus crisis has subsided, with some members of the Social Democrat party saying Switzerland needs to invest in emergency reserves rather than the country’s planned 6 billion Swiss franc ($6.14 billion) purchase of new fighter jets.
(From Reuters - Health, on 2020-04-06 06:22)
Singapore will provide direct cash to households and take steps to save jobs in a third stimulus package as the city state prepares to go into a partial lockdown to contain a fast-spreading coronavirus outbreak.
(From Bangkok Post - World, on 2020-04-06 06:26)
Japan to fight virus with two stages of stimulus Prime Minister Shinzo Abe’s government will deploy a two-phase stimulus package to help workers and businesses in Japan survive the impact of the coronavirus pandemic, according to a government document obtained by Bloomberg.
(From Bangkok Post - World, on 2020-04-06 06:26)
The country's agricultural organization LTO estimates damages from the virus outbreak so far at 6 billion euros, with the floral industry also hard-hit.
(From Independent.ie, on 2020-04-06 06:13)
Coronavirus threatens to overwhelm the health and economies of many developing countries dependent on tourism and commodity exports and vulnerable to capital flight.
(From Channel News Asia - Latest News, on 2020-04-06 05:53)
Amidst the potential wreckage of the major Western economies under protracted lockdowns, China’s capital markets remain strong and far from fearing a decoupled world, China may set the terms on which it’s implemented.
(From Channel News Asia - Latest News, on 2020-04-06 05:53)
They really did do as much as they could to hibernate the economy.” To be clear, publishers are mostly reeling from the shocks of the virus devastating ad revenue: an executive at a large digital publisher said it’s seeing 30% lower CPMs on coronavirus pages versus non-coronavirus pages.
(From Digiday, on 2020-04-06 04:03)
Statements from 6 April 2020, at 2:04AM EST
Mexico’s president unveiled a plan on Sunday to lift the economy out of the coronavirus crisis, vowing to help the poor and create jobs, but his promise of fiscal discipline sparked criticism that the measures fell far short of what was needed.
(From Reuters - World News, on 2020-04-06 02:12)
SET-listed WHA said China's government will increase funding to stimulate the global economy after the pandemic's impact across the world.
(From Bangkok Post - Business, on 2020-04-05 21:30)
The AU study entitled “Impact of the coronavirus on the Africa economy” said Africa’s GDP growth will shrink further this year.
(From Africa Feeds, on 2020-04-05 22:25)
Prime Minister Sheikh Hasina yesterday declared an allocation of Tk 72,750 crore under a set of stimulus packages to address the possible impact of coronavirus on the country's economy as nine people died and 88 tested positive in Bangladesh yesterday.
(From The Daily Star - Headlines, on 2020-04-05 18:00)
Mexico’s President Andres Manuel Lopez Obrador on Sunday will outline measure to alleviate the economic impact of the coronavirus outbreak with a focus on shielding the poor, but is likely to resist calls to borrow heavily for a giant stimulus package.
(From Reuters - World News, on 2020-04-05 20:43)
While the coronavirus has upended much of the American economy, farmworkers in Arizona are still out in the fields harvesting vegetables as usual for supermarkets across the country.
(From USA Today - Money Top Stories, on 2020-04-05 20:04)
The Africa Head of States embark on a deliberate mission to safeguard its economy owing to adverse effects of Coronavirus As part of efforts to mitigate against the adverse effects of the global Coronavirus pandemic, African governments will unite in pushing for loan waivers.
(From CIO East Africa, on 2020-04-05 17:54)
Emirates is seeking to raise billions of dollars from loans after the coronavirus forced the airline to ground its passenger fleet, according to people with knowledge of the matter.
(From Straits Times - Business, on 2020-04-05 17:33)
Acknowledging that hospitals are scrambling to deal with the daily eruption in coronavirus cases, Cuomo said that they are expected to receive more than $150 billion in grants by way of the government's $2 trillion COVID-19 stimulus bill.
(From Business Insider, on 2020-04-05 16:46)
Gottlieb said that until there is a drug to prevent infection in those who are exposed to the coronavirus or treat those who get it, the economy is unlikely to return to normal.
(From CBSNews.com - Politics, on 2020-04-05 16:19)
In terms of economics, an optimistic assessment of the coronavirus pandemic is that it is a one-off event (the last comparable pandemic in terms of economic havoc was in 1918), and that the global economy will resume its previous positive trajectory after it ends, as we socially “de-distance”.
(From AlArabiya.net MRSS for section Opinion, on 2020-04-05 11:39)
China sells nearly four billion masks abroad amid coronavirus pandemic
(From AlArabiya.net MRSS for section Business, on 2020-04-05 14:53)
(PTI) The government has started working out the possible post-lockdown scenarios and is considering another booster shot to minimise the impact of coronavirus and revive the economy but nothing has been finalised yet, senior officials said on Sunday.
(From News18 - Business, on 2020-04-05 01:38)
Statements from 5 April 2020, at 1:17PM EST
Players are putting pressure on cricket authorities to plan a shortened Twenty20 Indian Premier League later in the year to "kickstart" the sports economy after the coronavirus lockdown.
(From The Daily Star - Headlines, on 2020-04-05 07:34)
Malaysia on Sunday reported 179 new coronavirus cases, raising the cumulative total to 3,662 cases as Southeast Asia's third-largest economy grapples with the highest number of infections in the region.
(From Bangkok Post - Thailand, on 2020-04-05 08:29)
However, the report said the IMF has agreed to consider Pakistan's separate request of providing USD 1.4 billion under the Rapid Finance Instrument (RFI) for combating the coronavirus outbreak.
(From News18 - World News, on 2020-04-04 22:00)
The city-state is set to unveil further support for businesses and households on Monday, following a previously announced S$48 billion ($33.4 billion) stimulus package to buffer the virus’s impact.
(From Bangkok Post - Top Stories, on 2020-04-05 09:03)
The Central Bank of the United Arab Emirates said Sunday it has doubled to $70 billion a stimulus package to support the Gulf state's economy amid the coronavirus pandemic.
(From Bangkok Post - Business, on 2020-04-05 08:45)
The impact of coronavirus on the Russian economy will be deeper than originally expected, Economic Development Minister Maxim Reshetnikov said.
(From The Moscow Times, on 2020-04-05 07:18)
In Germany, the Bavarian state premier Markus Söder said Thursday that Germany would need “billions of masks” to fight coronavirus.
(From FOX2now, on 2020-04-05 02:45)
But Quibi's plans were set long before the coronavirus pandemic prompted stay-at-home orders for billions of people around the globe -- meaning nobody is quite sure how to measure success in the months ahead, its CEO told AFP.
(From News18 - Technology, on 2020-04-05 04:09)
Mexican President Andres Manuel Lopez Obrador said on Saturday that he had a video call with BlackRock Chief Executive Officer Larry Fink to discuss the novel coronavirus and its impact on the world economy.
(From Reuters - Health, on 2020-04-05 02:47)
Small and medium-size US businesses have applied for more than $5.4 billion in government-backed loans as a key pillar of the country's coronavirus relief plan took effect, the Trump administration said.
(From Bangkok Post - World, on 2020-04-05 00:45)
Prime Minister Shinzo Abe said on Friday a stimulus package to combat the coronavirus pandemic will target small firms and households hardest hit by social distancing policies that are affecting consumption.
(From Reuters - Company News, on 2020-04-05 02:25)
The federal government wants to create a N500 billion crisis intervention fund to help contain the rising cases of coronavirus across the country.
(From AllAfrica News, on 2020-04-04 21:24)
Brazil’s lower house of Congress approved a constitutional amendment for a “war budget” to separate coronavirus-related spending from the government’s main budget and shield the economy as the country surpassed 10,000 confirmed cases.
(From Reuters - World News, on 2020-04-05 00:56)
China should be sued for $6.5 trillion for coronavirus damages says top UK think tank
(From The Sydney Morning Herald - World, on 2020-04-05 00:41)
Pelosi has also said she would form a bipartisan select committee on the coronavirus crisis to oversee the use of the $2.3 trillion approved by Congress to respond to the pandemic.
(From Reuters - U.S., on 2020-04-04 19:50)
The BNP yesterday demanded that a special fund of Tk 87,000 crore should be allocated to tackle the impacts of coronavirus on the country's economy.
(From The Daily Star - Headlines, on 2020-04-04 18:00)
Worldwide panic over the coronavirus outbreak and a flood of stimulus by central banks have ignited demand for one of humanity's oldest methods of storing wealth.
(From Straits Times - Business, on 2020-04-04 21:00)
The CBN Governor, Mr. Godwin Emefiele, had said CACOVID was targeting N120 billion for the acquisition of healthcare facilities and advocacy about the virus across the country, among others.
(From AllAfrica News, on 2020-04-04 12:26)
Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana said that the revision was necessary given the impact of the virus on the local, region and global economy.
(From AllAfrica News, on 2020-04-04 13:12)
Statements from 4 April 2020, at 3:10PM EST
The Trump administration will use a federal stimulus package to pay hospitals that treat uninsured people with the new coronavirus as long as they agree not to bill the patients or issue unexpected charges.
(From Mother Jones, on 2020-04-04 15:39)
What can be expected of the markets while the coronavirus pandemic is taking a toll on the global economy?
(From Cointelegraph, on 2020-04-04 14:00)
Global economy screeches to a halt as coronavirus job losses take toll
(From The NY Post, on 2020-04-04 14:14)
“New Yorkers generally have a good understanding of what’s happening in this world, rather than people who are outside.” The coronavirus pandemic has crippled economies and forced restrictions on the movement of millions of people in an effort to stop the virus from spreading further and overwhelming health care systems.
(From 660 News (Calgary), on 2020-04-04 14:23)
Will the coronavirus crisis be like the Arab oil embargo of the early 1970s, delivering a short but painful blow to the global economy and a limited disruption to civilian life?
(From The Sydney Morning Herald - Latest News, on 2020-04-04 13:00)
Today's job losses were much wider than the consensus economist estimate that the US economy would lose 100,000 jobs in March, showing the earliest days of the coronavirus pandemic in the country.
(From Business Insider, on 2020-04-04 12:13)
Opposition to vaccines is a common theme of posts citing Agenda 21, as is the idea that coronavirus is a plot to crash the economy in order to create the conditions for greater government control of businesses and people’s lives.
(From Buzzfeed, on 2020-04-04 12:28)
The US economy shed 701,000 jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the novel coronavirus outbreak shuttered businesses and factories, confirming a recession is underway.
(From AlArabiya.net MRSS for section Business, on 2020-04-04 08:04)
“However, downside risks are rising because of the coronavirus outbreak, as prolonged market disruption could dissuade issuers from coming to market.” The rating agency expects flat growth in total gloal issuance this year after a 36 per cent rise in 2019 to $179 billion.
(From Gulf News - Business, on 2020-04-04 06:57)
The coronavirus relief package includes $377 billion to help small businesses, nonprofits and independent gig workers including money to bring workers back on the payrolls.“ Cook County would be nothing without our restaurants, our mom-and-pop stores and most importantly our workers,” Preckwinkle said at a Thursday news conference.
(From Chicago Tribune - Breaking News, on 2020-04-03 01:20)
Earlier in the week, Guterres called for the world to dedicate 10% of global GDP, or $9 billion, to counter the impact of coronavirus.
(From CBSNews.com - World, on 2020-04-04 02:10)
So as startups begin to draft emergency plans to conserve cash this week, job cuts across the ecosystem have ramped up further, even as the coronavirus outbreak prompts historic layoff activity across the entire US economy.
(From Business Insider, on 2020-04-04 00:55)
Oil and gas remain the country’s top export and the current coronavirus pandemic has exposed glaring vulnerabilities in Canada’s ability to cope with the type of market shocks currently battering the economy, including the combination of an oil price war between Russia and Saudi Arabia and a complete collapse in oil demand as commuters stay home.
(From Financial Post - Top Stories, on 2020-04-03 22:03)
The move comes as the coronavirus pandemic has sent ripples through the retail, travel, and restaurant industries and has shaken the global economy as 90% of Americans are under orders to stay at home.
(From Business Insider, on 2020-04-03 22:45)
The VA was allocated $20 billion in the latest stimulus package to deal with the coronavirus outbreak.
(From Buzzfeed, on 2020-04-04 01:14)
China's central bank on Monday cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuan (US$7 billion) into the financial system to help the world's second-largest economy weather the impact of the virus.
(From Bangkok Post - Business, on 2020-04-03 21:00)
Statements from 3 April 2020, at 11:19PM EST
So as startups begin to draft emergency plans to conserve cash this week, job cuts across the ecosystem have ramped up further, even as the coronavirus outbreak prompts historic layoff activity across the entire US economy.
(From Business Insider, on 2020-04-04 00:55)
Right before he announced the world's largest coronavirus lockdown, on 1.3 billion people, Modi met with top news executives and urged them to publish "inspiring and positive stories" about the government's efforts.
(From The Sydney Morning Herald - Latest News, on 2020-04-04 00:00)
Nearly $90 billion of capital has fled emerging economies since the coronavirus crisis emerged, Kristalina Georgieva, managing director of the International Monetary Fund, said.
(From Market Watch - Top Stories, on 2020-04-03 22:43)
Oil and gas remain the country’s top export and the current coronavirus pandemic has exposed glaring vulnerabilities in Canada’s ability to cope with the type of market shocks currently battering the economy, including the combination of an oil price war between Russia and Saudi Arabia and a complete collapse in oil demand as commuters stay home.
(From Financial Post - Top Stories, on 2020-04-03 22:03)
The move comes as the coronavirus pandemic has sent ripples through the retail, travel, and restaurant industries and has shaken the global economy as 90% of Americans are under orders to stay at home.
(From Business Insider, on 2020-04-03 22:45)
Stimulus to avert a repeat of 1997 crisis. The government has unveiled a fresh stimulus package worth 1.68 trillion baht, with plans to issue a set of executive decrees to implement the measure to cushion the blow from the coronavirus outbreak.
(From Bangkok Post - Thailand, on 2020-04-03 21:00)
The Trump administration will use money earmarked for hospitals in the $2.2 trillion coronavirus rescue package to cover COVID-19 treatment for uninsured patients, President Donald Trump said during an April 3 White House briefing.
(From Becker's Hospital Review, on 2020-04-03 22:08)
The VA was allocated $20 billion in the latest stimulus package to deal with the coronavirus outbreak.
(From Buzzfeed, on 2020-04-04 01:14)
China's central bank on Monday cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuan (US$7 billion) into the financial system to help the world's second-largest economy weather the impact of the virus.
(From Bangkok Post - Business, on 2020-04-03 21:00)
Thailand's cross-border trade fell by 6.5% year-on-year in the first two months of 2020 as the coronavirus snarled the global economy and logistics systems.
(From Bangkok Post - Business, on 2020-04-03 21:00)
The Indian Health Service says they have started distributing some money for tribes in coronavirus response and the CARES Act passed by Congress included more than $3.5 billion for response in Indian Country, including for the health service, resources for tribes, and the Bureau of Indian Affairs.
(From ABC News - Top Stories, on 2020-04-03 19:18)
Setting a target would “kidnap macroeconomic policies and eventually force the use of an all-out stimulus,” said Ma Jun, a member of the People’s Bank of China monetary-policy committee and a previous head of the bank’s research bureau.
(From Market Watch - Top Stories, on 2020-04-03 21:51)
He noted that in an economy that was in good shape prior to the coronavirus outbreak, "inventories were bloated."
(From Benzinga, on 2020-04-03 21:30)
FedEx said on Friday it would slash its chief executive’s pay and draw down $1.5 billion from a credit facility as parcel delivery services take a hit from coronavirus-led lockdowns across the globe.
(From The NY Post, on 2020-04-03 21:31)
Malaysia's central bank said on Friday the economy could shrink by as much as 2 per cent or grow 0.5 per cent this year due to the coronavirus pandemic, in what would be its worst economic performance in more than a decade.
(From Straits Times - Business, on 2020-04-03 21:00)
Germany is in talks to provide Lufthansa with billions of euros in state aid and could take a stake in the airline, which has grounded 95 per cent of its fleet due to the coronavirus pandemic, people close to the matter said.
(From Straits Times - Business, on 2020-04-03 21:00)
For March, the government announced that 701,000 jobs were lost, primarily because the coronavirus caused almost the entire US economy to shut down.
(From The NY Post, on 2020-04-03 21:24)
The coronavirus outbreak finally snapped the United States’ record-breaking hiring streak of nearly 10 years as employers cut 701,000 jobs because of the pandemic that’s all but shut down the nation’s economy.
(From FOX2now, on 2020-04-03 19:44)
When the results of the first quarter are released shortly, activity in China is expected to reflect a fledgling economy amid the pandemic that forced the government to shutter the nation to protect itself from the deadly virus.
(From PYMNTS.com, on 2020-04-03 18:46)
The country's economy will suffer a lot if there is a significant coronavirus outbreak, the Asian Development Bank said yesterday.
(From The Daily Star - Headlines, on 2020-04-03 18:00)
The number of confirmed coronavirus deaths accelerated past 55,000 yesterday as the United States, Spain and Britain grappled with their highest tolls yet and the world economy took a massive hit.
(From The Daily Star - Headlines, on 2020-04-03 18:00)
They noted that postal workers delivered more than a billion shipments of prescription drugs last year, and ceasing operations during the virus outbreak could have dire consequences for the health of people around the country.
(From CBSNews.com - Headlines, on 2020-04-03 20:23)
However, when President Donald Trump signed into law the $2 trillion coronavirus emergency spending bill, it allowed USPS to borrow just $10 billion from the Treasury Department.
(From CBSNews.com - Headlines, on 2020-04-03 20:23)
Statements from 3 April 2020, at 2:26PM EST
“The new coronavirus disease is attacking societies at their core, claiming lives and people’s livelihoods”, said Secretary-General António Guterres, pointing out that the potential longer-term effects on the global economy and individual countries are “dire”.
(From Modern Diplomacy, on 2020-04-03 14:30)
And early positive poll numbers for his handling of the virus — though now fading — suggest there is at least the possibility that he could campaign as the president who beat back the virus and got the economy moving forward again after taking such a massive punch to the face.
(From Politico - Economy, on 2020-04-03 15:24)
Feds introduce 75% wage subsidy to help employers keep staff during coronavirus. “Very few people working in the gig economy have just one full-time job.
(From Benefits Canada, on 2020-04-03 14:00)
As the US economy craters amid the damage inflicted by the coronavirus shutdowns, 701,000 jobs were jettisoned in March and the unemployment rate surged to 4.4 percent, the Labor Department reported Friday.
(From Bangkok Post - World, on 2020-04-03 14:45)
As coronavirus spread, economy lost 701,000 jobs in March, breaking 10-year string of gains
(From USA Today - Money Top Stories, on 2020-04-03 14:47)
Carbon dioxide emissions could fall by the largest amount since World War Two this year as the coronavirus outbreak brings economies to a virtual standstill, according to the chair of a network of scientists providing benchmark emissions data.
(From Reuters - Top News, on 2020-04-03 14:12)
With more than 1 million cases reported, the outbreak has acted as a catalyst to an already-slowing global economy and a rout across world financial markets, wiping about $15 trillion from stock markets alone.
(From Reuters - Top News, on 2020-04-03 14:39)
In March, the IMF said it is making around $50 billion available in emergency financing for low income and emerging market countries to help the fight against the coronavirus.
(From AllAfrica News, on 2020-04-03 07:24)
“We can demonstrate, just as the current government has demonstrated, that when we need the resources they can always be found.” With Britain on the brink of the deepest global recession since the second world war amid the coronavirus crisis, economists have warned that government borrowing is set to surge as the economy crashes.
(From Guardian - Business, on 2020-04-03 13:17)
The majority of Americans believe that fighting and stopping the coronavirus outbreak should be the federal government's top priority, ahead of fixing the country's crippled economy, a new Public Agenda-USA Today-Ipsos poll finds.
(From The Hill - All News, on 2020-04-03 12:01)
The number of confirmed coronavirus deaths accelerated past 50,000 on Friday as the United States, Spain and Britain grappled with their highest tolls yet and the world economy took a massive hit.
(From Bangkok Post - World, on 2020-04-03 12:45)
After the coronavirus outbreak began, China imported two billion masks.
(From NY Times - Business News, on 2020-04-03 13:39)
Remittance hit a 15-month low in March due to the economic fallout in the global economy stemming from the coronavirus pandemic.
(From The Daily Star - Headlines, on 2020-04-03 12:05)
She said the coronavirus pandemic has made the need for immediate "all-in" action even more urgent as governments spend the coming weeks and months planning how they will stimulate their economies as the crisis passes.
(From The Sydney Morning Herald - Federal Politics, on 2020-04-03 13:00)
The longest stretch of job creation in American history came to a halt last month, the Labor Department reported Friday, another reflection of the coronavirus pandemic that has brought the economy to a virtual standstill.
(From NY Times - Business News, on 2020-04-03 13:06)
Global Bill of Coronavirus Pandemic May Top $4.1 Trillion, Forecasts Asian Development Bank
(From News18 - Business, on 2020-04-02 23:44)
(AP Photo/Ng Han Guan) The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed.
(From News18 - Business, on 2020-04-02 23:44)
Over the last 10 days, a series of studies have been published on the possible economic effects of coronavirus on world economies.
(From Irish Times - Business, on 2020-04-03 03:50)
Coronavirus lockdowns hit poor people working in the informal economy hardest, but they are also the least likely to receive aid or healthcare from the government or heed calls to stay home, experts say.
(From Al Arabiya English - Home Page, on 2020-04-03 11:30)
The analysis of location data from billions of Google users’ phones is the largest public dataset available to help health authorities assess if people are abiding with shelter-in-place and similar orders issued across the world to rein in the virus.
(From Global News, on 2020-04-03 11:35)
Unlike the Lehman crisis and Ebola, the coronavirus outbreak is crippling health care systems in the West, forcing powerful economies to their knees and posing a serious threat to the world order.
(From Gulf News - Opinion, on 2020-04-03 11:20)
Statements from 3 April 2020, at 1:37AM EST
Germany is in talks to provide Lufthansa with billions of euros in state aid and could take a stake in the airline, which has grounded 95 per cent of its fleet due to the coronavirus pandemic, people close to the matter said.
(From Straits Times - Business, on 2020-04-03 04:12)
Airbnb was valued at $31 billion in its most recent private fund-raising round, the source said. With the coronavirus spreading across the globe, thousands of travellers have called off plans for vacations, work trips and family visits.
(From Reuters - Business, on 2020-04-03 02:15)
Birx, one of the top officials on the White House’s coronavirus task force, said that part of the $2 trillion economic stimulus measure that was signed into law by President Donald Trump requires that all tests conducted get reported to the Centers for Disease Control and Prevention.
(From FOX2now, on 2020-04-03 00:14)
Mnuchin said at Thursday’s White House coronavirus briefing that payments would go out within two weeks to people whose direct deposit details are on file with the government, echoing comments he made this past Sunday after passage of the $2.2 trillion stimulus bill that payments would not go out until mid-April.
(From East Idaho News, on 2020-04-03 01:56)
Private equity firms are lining up to offer PIPE deals to cash-strapped companies that have seen their revenue plummet in the wake of the coronavirus outbreak that has shut down large swathes of the global economy.
(From Reuters - Company News, on 2020-04-03 03:01)
Washington: The World Bank on Thursday approved $1 billion emergency financing for India to tackle the coronavirus outbreak, which has claimed 53 lives and infected 2,069 others in the country.
(From News18 - World News, on 2020-04-03 02:09)
The Thai economy would shrink by 5% this year in the World Bank's worst-case scenario, with the coronavirus outbreak compounding existing problems like drought, stagnant wage growth, rising unemployment and growing poverty.
(From Bangkok Post - Business, on 2020-04-02 21:10)
Demand has since taken a severe hit as the economies of many countries have ground to a halt amid efforts to battle the global coronavirus outbreak.
(From Reuters - Business, on 2020-04-03 00:38)
(Reuters) - Airbnb lowered its internal valuation by 16% to $26 billion, as the home rental firm deals with a sharp drop in bookings due to the global spread of the coronavirus pandemic, the Financial Times reported on Thursday.
(From Reuters - Business, on 2020-04-03 01:25)
The Fiji economy, heavily dependent on international tourism, is tipped to be take a major blow due to the restrictions on travel to deal with the coronavirus pandemic.
(From The Sydney Morning Herald - Latest News, on 2020-04-03 01:30)
The bank said if the pandemic was controlled by a "short" containment period, it would deliver a $US2 trillion hit to global GDP of which $US628 billion would be borne by China.
(From The Sydney Morning Herald - Latest News, on 2020-04-03 01:30)
Trump, who has slapped tariffs on billions of dollars of Chinese goods since taking office, said Wednesday that China's figures on the coronavirus outbreak "seem to be a little bit on the light side".
(From Channel News Asia - Asia, on 2020-04-03 00:47)
Pence explained that the White House Coronavirus Task Force is drafting a proposal "to use some of the $100 billion that we're making available to hospitals to compensate the hospitals directly for any coronavirus treatment that they provide to uninsured Americans.
(From NPR News, on 2020-04-03 01:00)
Now, experts say the coronavirus outbreak is likely to further cripple the already frail economy.
(From BBC News - World, on 2020-04-03 00:39)
Ursula von der Leyen has laid out plans to borrow and spend 100 billion euros to stop firms in the European Union laying off staff during the coronavirus epidemic, and has apologised to the Italian people for the bloc's lack of solidarity.
(From Reuters - Company News, on 2020-04-03 00:24)
New York City officials are urging Gov. Cuomo to approve an $8 billion plan for rental relief — after renters were left out of the federal coronavirus stimulus
(From Business Insider Singapore, on 2020-04-02 17:11)
The Central Bank has warned that the coronavirus crisis is likely to blow a €22 billion hole in the State’s finances and could see half a million people losing their jobs.
(From Irish Times - Business, on 2020-04-02 23:01)
Global crude demand has fallen by a third or 30 million barrels per day in the past few weeks as some 3 billion people have been put in lockdown to slow the spread of the coronavirus.
(From Reuters - Company News, on 2020-04-02 21:48)
Statements from 2 April 2020, at 7:52PM EST
Oil producers have been continuing to pull oil from the ground to maintain their market share, even as demand for energy cratered because of widespread stay-at- home orders and other economy-damaging restrictions caused by the coronavirus outbreak.
(From The Sydney Morning Herald - Latest News, on 2020-04-02 19:14)
The Government’s finances have been hit by the coronavirus crisis with tax receipts for March coming in nearly €800 million below profile while spending is up by an unexpected €1.1 billion due to increased health and social welfare expenditure.
(From Irish Times - Business, on 2020-04-02 13:00)
The employment figures for the Labor Department’s March report were collected in the first half of the month before the viral coronavirus outbreak really began to seize the nation’s attention and hobble the economy.
(From Market Watch - Top Stories, on 2020-04-02 18:37)
Trillions in coronavirus spending could explode deficits to World War II levels “We are headed toward double-digit unemployment rates that could breach 20%,” said Joel Naroff of Naroff Economic Advisors.
(From Market Watch - Top Stories, on 2020-04-02 18:37)
Keeping workers in their jobs is key to getting the economy out of what is “almost certainly” already a recession as authorities mandate businesses shut and people stay at home to slow the spread of the coronavirus, Minneapolis Federal Reserve Bank President Neel Kashkari said on Thursday.
(From Reuters - Business, on 2020-04-02 18:04)
Global oil prices have tumbled by roughly two-thirds this year as the coronavirus slammed global economies even as Saudi Arabia and Russia flooded the market in a price war.
(From Reuters - Business, on 2020-04-02 18:32)
In a chilling reminder of how fast the coronavirus epidemic has spread around the world, Fitch Ratings changed its 2020 view on the global economy to “deep global recession” from slow growth in just 10 days.
(From Market Watch - Breaking News, on 2020-04-02 16:10)
With large parts of the American economy shuttered because of coronavirus-related lockdowns, the number of people filing jobless claims in the US last week reached 6.6 million, by far the highest number on record.
(From GZERO Media, on 2020-04-02 15:08)
Nearly all Americans say they’re at least somewhat concerned about the impact of the virus outbreak on the national economy, including close to three-quarters who call themselves very or extremely concerned.
(From CityNews Toronto, on 2020-04-02 18:05)
Some 3.3 million unemployment claims were reported last Thursday as hopes for a stimulus package to address the coronavirus pandemic spurred a rally on Wall Street.
(From The NY Post, on 2020-04-02 18:12)
The Post’s Robert Costa reports that McConnell delivered a “sweeping dismissal” of the call from House Speaker Nancy Pelosi (D-Calif.) for a fourth stimulus package: In her initial written response, Pelosi said, “The victims of the coronavirus pandemic cannot wait.
(From Washington Post - Opinions, on 2020-04-02 05:27)
As the federal government prepares to launch a $349 billion loan program meant to help small businesses survive the coronavirus pandemic, critics have growing concerns that some mom-and-pop shops might get squeezed out.
(From The Seattle Times, on 2020-04-02 17:26)
She said that this new committee needed to serve as an everyday watchdog of the more than $2 trillion already allocated to fight the novel coronavirus and the virtual lockdown it has placed on the economy.
(From Washington Post - Politics, on 2020-04-02 15:40)
As Iran struggles with a devastating coronavirus outbreak, a broken economy and a severe shortage of medical equipment, it says that American trade sanctions are taking Iranian lives and has called for the United States to lift them on humanitarian grounds.
(From NY Times - World News, on 2020-04-02 04:05)
Any program that encourages companies to maintain connections with their workers can help the economy rebound faster after the virus outbreak is contained.
(From Christian Science Monitor, on 2020-04-02 15:24)
The S&P 500 has lost about $8 trillion in market value since a mid-February record high as the outbreak spread deeper in the United States and Trump warned of more economic pain in the next two weeks as efforts to contain the virus crush business activity.
(From Reuters - Company News, on 2020-04-02 13:14)
The Trump administration said Thursday it is distributing about $3 billion in the first round of coronavirus aid to help the homeless find emergency shelter and communities expand testing and treatment.
(From TIME, on 2020-04-02 14:15)
Ideally, the US government would make the stimulus payments based on 2020 income figures, since millions of people who were otherwise gainfully employed last year are now out of the job due to coronavirus containment measures and could desperately use the cash.
(From Business Insider, on 2020-04-02 14:48)
British multinational bank, Standard Chartered this week said it has set up a $1 billion credit facility to fund companies whose production activities are crucial in responding to the coronavirus outbreak.
(From Ventures Africa, on 2020-04-02 12:32)
Trump's diverging viewpoints on the coronavirus and China have generated finger-pointing by both Beijing and Washington, and that is further destabilizing a critical relationship between countries with the world's two largest economies and militaries.
(From Belfer Center, on 2020-04-02 00:00)
Michigan's economy has crashed because of the coronavirus pandemic and early estimates from the state Treasury Department are that tax revenues for the 2020 fiscal year could plummet by $1 billion to $3 billion as a result, with a further $1 billion to $4 billion hit next year.
(From Detroit Free Press, on 2020-04-02 14:32)
Prime Minister Scott Morrison says there will be a budget burden once the fight against the coronavirus pandemic is won. Already the government has increased its debt ceiling to $850 billion as it gives itself the space to deal with the growing cost of the virus and its impact on the economy.
(From The Sydney Morning Herald - Latest News, on 2020-04-02 13:01)
Multiplex's $2.8 billion Melbourne Square at Southbank closed temporarily on Monday night after a tradesman tested positive for coronavirus in the second known case at a construction site in Melbourne.
(From The Sydney Morning Herald - National, on 2020-04-02 12:45)
“The best thing we can do for the economy is get the virus under control […] And then we can open the economy back slowly and systematically, and have a much better chance that it remains open,” says Ashish Jha of the Harvard Global Health Institute.
(From The Economist - United States, on 2020-04-02 00:00)
Bankrate’s Hamrick said there’s “general agreement” that the economy won’t start to improve until the high level of response to the coronavirus pandemic can be relaxed.
(From Chicago Tribune - Breaking News, on 2020-04-02 12:52)
Before the coronavirus outbreak, the World Bank projected 40% of people would be in poverty by the end of 2020, a forecast Economy Minister Raoul Nehme believes is now outdated.
(From Reuters - World News, on 2020-04-02 12:29)
Showing just how bad coronavirus could be for the economy, British Airways said it was in talks about suspending 32,000 employees, while a survey showed that more than a quarter of British companies had reduced staff levels.
(From Reuters - World News, on 2020-04-02 12:59)
Statements from 2 April 2020, at 11:18AM EST
Illinois schools could be getting nearly $570 million through the federal coronavirus stimulus package, according to preliminary allocation estimates from the Illinois State Board of Education.
(From Chicago Tribune - News, on 2020-04-02 13:33)
So far, the State has set out around €8bn in emergency spending to help the economy survive the coronavirus shock, although the final bill will be much higher, with some economists saying it will cost €25bn to repair the damage.
(From Independent.ie, on 2020-04-02 13:00)
Billions in virus aid aim to shelter, test the homeless
(From 660 News (Calgary), on 2020-04-02 13:23)
The Trump administration said Thursday it is distributing about $3 billion in the first round of coronavirus aid to help the homeless find emergency shelter and communities expand testing and treatment.
(From 660 News (Calgary), on 2020-04-02 13:23)
The coronavirus pandemic has completely upended the American healthcare system, economy and presidential election, and the tumult is just beginning.
(From Guardian - World, on 2020-04-02 13:20)
“The best thing we can do for the economy is get the virus under control […] And then we can open the economy back slowly and systematically, and have a much better chance that it remains open,” says Ashish Jha of the Harvard Global Health Institute.
(From The Economist - United States, on 2020-04-02 00:00)
Had China not begun to recover, the toll on the global economy could have been even greater than it is now.
(From Nextgov, on 2020-04-02 13:00)
Last week, investors led by Singapore state investor Temasek put together a $13 billion funding package for Singapore Airlines in the single biggest rescue so far for an airline hit by the coronavirus pandemic.
(From Reuters - Business, on 2020-04-02 12:15)
The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row - topping 6 million - as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
(From Reuters - Business, on 2020-04-02 12:37)
Bankrate’s Hamrick said there’s “general agreement” that the economy won’t start to improve until the high level of response to the coronavirus pandemic can be relaxed.
(From Chicago Tribune - Breaking News, on 2020-04-02 12:52)
With over N13.5 billion donated by individuals to support the Federal Government in the fight against coronavirus, many wondered why the Finance Ministry would make a public plea for ventilators.
(From AllAfrica News, on 2020-04-02 12:19)
The European Commission proposed on Thursday a package of measures to soften the impact of the coronavirus pandemic on the EU economy, including a short-time work scheme and easier access to funds for farmers and fishermen.
(From Reuters - World News, on 2020-04-02 12:12)
Before the coronavirus outbreak, the World Bank projected 40% of people would be in poverty by the end of 2020, a forecast Economy Minister Raoul Nehme believes is now outdated.
(From Reuters - World News, on 2020-04-02 12:29)
Showing just how bad coronavirus could be for the economy, British Airways said it was in talks about suspending 32,000 employees, while a survey showed that more than a quarter of British companies had reduced staff levels.
(From Reuters - World News, on 2020-04-02 12:59)
Global oil prices have fallen by roughly two-thirds this year as the coronavirus has slammed global economies at the same time major producers Saudi Arabia and Russia have started to flood the market with oil.
(From News18 - World News, on 2020-04-02 00:52)
The goods gap with China fell 17% to $19.7 billion on a 13% drop in imports.
(From News 1130 (Vancouver), on 2020-04-02 12:55)
The number of Americans who applied for unemployment benefits last week soared by a record 6.6 million, bringing the increase in new jobless claims in the last two weeks of March to 10 million as the all-out effort to slow the coronavirus slammed the economy.
(From Market Watch - Breaking News, on 2020-04-02 12:32)
Trillions in coronavirus spending could explode deficits to World War II levels. It might not be enough, but it will help the economy in the short run.
(From Market Watch - Breaking News, on 2020-04-02 12:32)
The numbers: The nation’s trade deficit narrowed a sharp 12.2% in February as the coronavirus hit China’s economy and oil prices dropped.
(From Market Watch - Breaking News, on 2020-04-02 12:49)
The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row - topping 6 million - as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
(From Straits Times - Business, on 2020-04-02 12:49)
The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row - topping 6 million - as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
(From Irish Times - Business, on 2020-04-02 13:00)
“We began the year with tremendous momentum, but the measures undertaken to slow the spread of the coronavirus are taking their toll on us as they are on the broader economy.
(From GlobeNewswire - Dividend Reports and Estimates, on 2020-04-02 12:41)
Coronavirus continues to batter US economy with 6.65 million filing for unemployment last week
(From Guardian - Business, on 2020-04-02 12:52)
How quickly can the US economy bounce back? That depends on the virus
(From MyNBC5 - Top Stories, on 2020-04-02 12:54)
The number of Americans who applied for unemployment benefits last week soared by a record 6.6 million, bringing the increase in new jobless claims in the last two weeks of March to 10 million as the all-out effort to slow the coronavirus slammed the economy.
(From Market Watch - Top Stories, on 2020-04-02 12:46)
Automakers are spending billions of dollars to create low-cost models that appeal to Chinese buyers and meet government-imposed sales quotas following the end of subsidies last year that turned China into the technology’s biggest global market.
(From CityNews Toronto, on 2020-04-02 12:40)
Any program that encourages companies to maintain connections with their workers can help the economy rebound faster after the virus outbreak is contained.
(From CityNews Toronto, on 2020-04-02 12:41)
But we have not heard constructive news about the economy or the coronavirus that would cause investors to embrace optimism.
(From Washington Post - Business, on 2020-04-02 12:32)
He urged Congress to do additional stimulus to make coronavirus treatment free.
(From Washington Post - Business, on 2020-04-02 12:32)
Statements from 1 April 2020, at 6:05PM EST
"People are concerned with the economic reality of both the depth as well as the duration of what this episode will be for the global economy," said Eric Freedman, chief investment officer at US Bank Wealth Management in North Carolina.
(From Straits Times - Business, on 2020-04-01 16:52)
She noted Democrats got just $400 million for that purpose in the $2.3 trillion coronavirus stimulus bill President Donald Trump signed into law on Friday.
(From Reuters - Politics, on 2020-04-01 19:23)
DeFazio dismissed the objections of Republican leaders, who had hammered House Democrats' previously proposed $2.5 trillion relief package as a liberal wish list full of provisions unrelated to the coronavirus crisis.
(From The Hill - All News, on 2020-04-01 18:55)
According to one estimate, the decline in travel caused by coronavirus fears could end up costing the airline industry over $113 billion in revenue this year.
(From PYMNTS.com, on 2020-04-01 16:24)
Banks stand to make billions from the $350 billion coronavirus bailout package.
(From PYMNTS.com, on 2020-04-01 16:40)
In today’s top payments news, Uber is moving into grocery delivery as restaurant orders decline due to the coronavirus pandemic, and banks stand to make billions from participating in the $350 billion coronavirus bailout package.
(From PYMNTS.com, on 2020-04-01 19:01)
World oil prices have lost roughly two thirds of their value so far this year as the fast-spreading coronavirus brings global economies to a virtual standstill, and as Saudi Arabia and Russia flood the market with oil in a price war between major producers.
(From Channel News Asia - Business, on 2020-04-01 19:20)
China will continue to be a top market, despite regulations on app and game publishing, and will reach $35 billion in App Store spending alone by 2024.
(From TechCrunch, on 2020-04-01 15:56)
Russian finance ministry earmarks $18 billion for coronavirus crisis
(From Reuters - World News, on 2020-04-01 14:32)
In the worst-case coronavirus scenario, healthcare costs for the uninsured could reach $1.4 trillion
(From Business Insider, on 2020-04-01 13:47)
Coronavirus could cost NBA $1 billion and Warriors roster flexibility
(From The Mercury News, on 2020-04-01 13:00)
Carnival seeks $6 billion as impacts of coronavirus devastates cruise industry
(From MyNBC5 - Top Stories, on 2020-04-01 13:07)
Particularly after China’s economy rebounds ahead of the United States’ and Europe’s, China’s economic clout will become too large for neighbouring countries to ignore.
(From Brookings, on 2020-04-01 12:50)
The negative impact of the coronavirus on global economies and on businesses is a concern, particularly with respect to the effect on future cash flows and solvency funding requirements.
(From Benefits Canada, on 2020-04-01 13:00)
With the euro zone economy in need of help during the coronavirus epidemic, officials have until April 9 to design a package that satisfies members with completely opposing views: those calling for joint debt issuance and those fiercely against it.
(From Reuters - Company News, on 2020-04-01 11:16)
The bank has already offered to immediately deploy close to 40 billion euros of additional funding to help fight the effects of the coronavirus.
(From Reuters - Company News, on 2020-04-01 11:16)
Italian bond yields also held steady as the benefit of recent European Central Bank measures meant the country - which has been one of those hit hardest by the coronavirus - successfully sold 8.5 billion euros of debt.
(From Reuters - Company News, on 2020-04-01 11:39)
Finally, new graduates are not in the best position to benefit from the US $2 trillion federal coronavirus relief package that, among other things, is designed to help employers keep or rehire workers.
(From Business Insider, on 2020-04-01 13:15)
US: Hemp businesses eligible for Coronavirus stimulus package
(From MMJ.com, on 2020-04-01 12:57)
Quebecers urged to buy local as coronavirus crisis takes toll on economy
(From Global News, on 2020-04-01 12:37)
The latest coronavirus relief package allows distressed borrowers up to a year of forbearance on home loans guaranteed by the federal government, a $7 trillion pool covering most first-time homeowners.
(From Washington Post - Politics, on 2020-04-01 12:09)
Dow caps worst-ever first quarter, slides more than 400 points: “Wall Street concluded one of its worst-ever starts to a year with markets staggering under trillions in losses from an economy paralyzed by the coronavirus,” my colleague Jacob Bogage reports.
(From Washington Post - Politics, on 2020-04-01 12:09)
The European Commision proposed a short-time work scheme on Wednesday modelled on Germany’s Kurzarbeit programme to help people keep their jobs as the coronavirus pandemic hits economies across the 27-nation bloc.
(From Reuters - Business, on 2020-04-01 12:19)
The discussion comes after the European Banking Authority on Tuesday said banks should be “conservative” in how they award bonuses to preserve capital and keep lending to an economy hit by the coronavirus outbreak.
(From Reuters - Business, on 2020-04-01 13:02)
Statements from 1 April 2020, at 10:20AM EST
Explainer: Euro zone mulls package to support economy against coronavirus
(From Channel News Asia - Latest News, on 2020-04-01 11:30)
Coronavirus help: $349 billion in loans coming soon for small businesses
(From The Mercury News, on 2020-04-01 10:43)
Why Coronavirus Stimulus May Come Too Late for Many Small Businesses
(From TIME, on 2020-04-01 10:19)
Sri Lanka's President Requests International Organisations to Aid the Country's Virus-hit Economy
(From News18 - World News, on 2020-03-31 22:23)
How antibody screening for previous coronavirus infections could help restart the economy
(From Fortune, on 2020-04-01 10:09)
Traders headed for the safety of government bonds, the dollar and gold as evidence continued to mount that the virus was sending the global economy into a deep recession.
(From Reuters - Company News, on 2020-04-01 09:02)
Italian bond yields also held steady as the benefit of recent European Central Bank measures meant the country - which has been one of those hit hardest by the coronavirus - successfully sold 8.5 billion euros of debt.
(From Reuters - Company News, on 2020-04-01 09:02)
“The bleak economic reality becoming clear in the data - as well as a prolonged shutdown in economies - will likely trigger another wave of global asset selling and corporate defaults.” Ratings agency Fitch cut Britain’s sovereign debt rating last week, saying the country’s debt would surge as the government ramped up spending to offset the near shutdown of the economy in the face of the virus.
(From Reuters - Company News, on 2020-04-01 09:05)
Other signs Britain’s economy was taking a hit from the virus were starting to show: prices on the British high street fell at their fastest pace in nearly two years in early March, the British Retail Consortium trade body and market research firm Nielsen said.
(From Reuters - Company News, on 2020-04-01 09:05)
Oil prices dropped by 65% in the first quarter of the year as a result of a sharp drop in demand following movement restrictions on more than 3 billion people around the world to limit the spread of the coronavirus.
(From Reuters - Company News, on 2020-04-01 09:47)
More than 500,000 Canadians have so far applied for Employment Insurance under the loosened eligibility criteria rolled out as part of the government’s $107-billion coronavirus support package.
(From Global News, on 2020-04-01 10:00)
In a remarkable turnaround, rich economies where virus cases have exploded are welcoming help from the less wealthy.
(From Global News, on 2020-04-01 10:31)
China’s State Council has unveiled details on yet another stimulus package to support its economy, including through more local government bonds, lower interest for loans and a potential cut in the reserve requirement ratio for smaller banks.
(From GlobalCapital, on 2020-01-04 10:00)
The finance ministry has unveiled the guideline for disbursement of the Tk 5,000 crore stimulus package for the export-oriented sectors to tide them over the economic fallout of the global coronavirus pandemic.
(From The Daily Star - Headlines, on 2020-04-01 09:27)
Coronavirus: Dubai Economy launches price monitor to track staple food costs
(From Gulf News - Top Stories, on 2020-04-01 10:17)
In a separate statement, Mr Porter signalled he endorsed plans for the commission to take the unprecedented step of postponing its minimum wage review to give workers and employers a clearer view of how badly the economy has been affected by the coronavirus.
(From The Sydney Morning Herald - Federal Politics, on 2020-04-01 07:28)
Taiwan to spend US$35 billion fighting virus, to donate 10 million masks
(From Vietnam Breaking News, on 2020-04-01 12:14)
Statements from 1 April 2020, at 1:47AM EST
“Although the data was better than expected, it reflected the impact of coronavirus on the economy,” Yoshihiro Ito, senior strategist at Okasan Online Securities said.
(From Reuters - Company News, on 2020-04-01 02:43)
Shares in China, where the coronavirus first emerged late last year, rose 0.18%, supported by hopes the world’s second-largest economy has started to recover.
(From Reuters - Company News, on 2020-04-01 03:01)
The Reserve Bank of Australia (RBA) held an out-of-cycle meeting on March 18 when it reduced its cash rate to a record low 0.25% and embarked on a bond buying programme to shield the economy from the devastation caused by the coronavirus pandemic.
(From Reuters - Company News, on 2020-04-01 03:05)
Xerox will not go ahead with its $30 billion hostile takeover bid for HP, due to the ongoing coronavirus pandemic.
(From Benzinga, on 2020-04-01 02:16)
US President Donald Trump used wartime economy analogies to justify his appeal to the automobile industry as the country grapples with a mounting number of coronavirus cases.
(From Bangkok Post - World, on 2020-04-01 03:45)
Brazil's economy minister on Tuesday said the country needed to strike a balance between social isolation policies and protecting the economy, hours after President Jair Bolsonaro said hunger was just as big a threat as the coronavirus itself.
(From France24 (English), on 2020-04-01 03:47)
Trump calls for infrastructure spending in next coronavirus stimulus bill
(From Post Gazette, on 2020-04-01 04:07)
Nevertheless, being prepared to remove most, if not all, of the tariffs the US has imposed during the Trump administration’s tenure – and seeking reciprocal actions from other governments – would provide a meaningful boost to the US and global economies as they battle the destructive consequences of the coronavirus.
(From The Sydney Morning Herald - Business, on 2020-04-01 01:08)
Here’s how the $2 trillion stimulus package can help real estate agents at a time when the coronavirus is bringing the housing market to a halt
(From Business Insider Singapore, on 2020-03-31 17:08)
U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan
(From Reuters - Business, on 2020-03-31 23:45)
Long road ahead: China's economy has restarted, but don't expect a quick recovery
(From The Sydney Morning Herald - Latest News, on 2020-04-01 00:00)
‘Advertising has disappeared’: Storied paper reels in coronavirus economy
(From Washington Post - Opinions, on 2020-03-31 10:28)
But the efforts would save nearly two million lives when compared with a scenario in which the government did nothing to suppress the economy and the spread of the virus, Ms. Scherbina estimates, because doing nothing would impose a $13 trillion cost to the economy — equal to about two-thirds of the amount of economic activity that the United States was projected to generate this year before the virus struck.
(From NY Times - Business News, on 2020-03-31 22:16)
“When sentiment does start to improve around the virus and its ultimate economic impact — the market will find it difficult to ignore the size and scope of the fiscal and monetary stimulus that has been undertaken.” The Centers for Disease Control and Prevention is reconsidering its guidance that people not wear masks as new data shows that many individuals who show no symptoms are carrying the virus and infecting others.
(From NY Times - World News, on 2020-03-31 22:34)
WASHINGTON — Kennedy Center for the Performing Arts executives lobbied lawmakers for a $25 million handout in the massive coronavirus stimulus package signed into law by President Trump last week but were planning to lay-off staff regardless, leaked audio of an internal conference call reveals.
(From The NY Post, on 2020-03-31 22:31)
As the impact of the coronavirus continues to course through the economy, freight and logistics companies across Texas have announced job reductions affecting more than 660 workers.
(From Benzinga, on 2020-03-31 20:36)
“The coming weeks will be a blizzard of bad news — both on the economy and public health,” said Zach Pandl, macro strategist at Goldman Sachs, in a Monday note.
(From Market Watch - Top Stories, on 2020-03-31 21:51)
Architect of Trump tax cut may run US$500 billion coronavirus loan program
(From Channel News Asia - Latest News, on 2020-03-31 19:50)
Statements from 31 March 2020, at 11:32AM EST
Expert says coronavirus economy could bring U.S. shale market to its knees, break up OPEC
(From Phys.org, on 2020-03-31 11:52)
Global stocks drift higher after China’s economy shows signs of rebound
(From Global News, on 2020-03-31 11:37)
The $2.2 trillion coronavirus rescue package has a new watchdog
(From The Week, on 2020-03-31 11:13)
Power Up: Low-income communities might fall through coronavirus stimulus package gaps
(From Washington Post - Politics, on 2020-03-31 10:37)
With the council of economic advisors warning the virus could cause a 5.4% contraction in the German economy this year, Chancellor Angela Merkel’s government has announced a stimulus package worth more than 750 billion euros to cushion the blow.
(From Reuters - Health, on 2020-03-31 10:13)
The Ifo institute said keeping firms closed for more than two months due to the coronavirus outbreak could cost the German state of Bavaria, Germany’s worst hit state, up to 94 billion euros ($104 billion).
(From Reuters - Health, on 2020-03-31 10:13)
Indonesian President Joko Widodo declared a public health emergency over the coronavirus epidemic on Tuesday and said an additional $24.9 billion would be spent to cushion its impact.
(From Reuters - Health, on 2020-03-31 10:24)
Before Monday's announcement, Imagine Canada was projecting that three months of mandated physical distancing and the economic slowdown caused by COVID-19 would cause charities to lose $9.5 billion and lay off more than 117,000 people across the country.
(From CBC - Canada News, on 2020-03-31 09:00)
Media advertising spending is expected to fall by 4.4% to 117 billion baht this year, weighed down by the coronavirus outbreak and economic slump.
(From Bangkok Post - Business, on 2020-03-31 10:00)
World Bank Says Coronavirus May Push Some Asian Economies Into Recession
(From TIME, on 2020-03-31 10:12)
The coronavirus outbreak will have a profound impact on emerging Asian economies and may push some countries in the region into a recession, the World Bank warns.
(From TIME, on 2020-03-31 10:12)
The openness of the international economy and the ease of global travel undoubtedly facilitated the spread of the disease outward from Wuhan in central China.
(From Japan Times - Top Stories, on 2020-03-31 19:31)
China factory activity unexpectedly expands, but economy cannot shake off virus shock
(From Reuters - Company News, on 2020-03-31 06:57)
Here’s who doesn’t qualify for a coronavirus stimulus check
(From Business Insider Singapore, on 2020-03-30 21:41)
China’s Pinduoduo raises $1.1 billion in private share placement
(From TechCrunch, on 2020-03-31 08:26)
“Central banks and authorities continue to step up measures to support the economy.” In Asia, the Monetary Authority of Singapore eased policy Monday, and the central bank of China has also cut a key interest rate.
(From News 1130 (Vancouver), on 2020-03-31 07:25)
Japan’s ruling party asks for ¥60 trillion stimulus to aid virus-hit economy
(From Japan Times - Top Stories, on 2020-03-31 11:21)
The coronavirus outbreak that began in China late last year has already dealt a blow to a Japanese economy already weakened by the October increase in the consumption tax.
(From Japan Times - Top Stories, on 2020-03-31 11:21)
Except India & China, World Economy Will Go Into Recession, Says UN Report
(From News18 - World News, on 2020-03-31 06:18)
Global M&A dwindles as coronavirus batters world’s economies
(From Reuters - Company News, on 2020-03-31 06:00)
IRS says it will start to send out coronavirus stimulus checks in the next 3 weeks
(From Business Insider, on 2020-03-31 04:26)
Leaked memo from Delta reveals plans to cut worker hours and pay, despite protections in the coronavirus stimulus package. United and other airlines are doing the same.
(From Business Insider Singapore, on 2020-03-30 20:24)
How quickly can the economy bounce back from the coronavirus?
(From USA Today - Money Top Stories, on 2020-03-31 04:00)
Virus threatens to push developing Asia economies into recession
(From FT, on 2020-03-31 03:28)
Many economists believe China’s economy will rebound sharply in the June quarter, but ANZ Banks’ China economics team isn’t convinced about the bullish consensus view.
(From The Sydney Morning Herald - Business, on 2020-03-30 21:48)
World Bank warns coronavirus outbreak taking huge toll on China's economy
(From France24 (English), on 2020-03-31 02:22)
Statements from 31 March 2020, at 1:17AM EST
Australian economic stimulus package: how much governments have committed to coronavirus crisis
(From Guardian - World, on 2020-03-31 03:06)
Fifth, key Asian economies -- Japan, China and South Korea -- will take a major pause to consider the dangers across their shared frontiers and their common fate.
(From Bangkok Post - Opinion, on 2020-03-30 21:00)
The IRS has released a few more details about the stimulus checks that will roll out to combat the economic downturn associated with the coronavirus outbreak in 2020.
(From Detroit Free Press, on 2020-03-30 23:42)
Japan's factory output rose in February at a slower pace than the previous month, adding to growing signs that the rapidly spreading coronavirus pandemic is taking a toll on an economy already on the cusp of recession.
(From Straits Times - Business, on 2020-03-31 00:24)
The data underscores the challenge Prime Minister Shinzo Abe faces in preventing the virus outbreak from wiping out the benefits his "Abenomics" stimulus policies have brought to the economy.
(From Straits Times - Business, on 2020-03-31 00:24)
The world's third-largest economy shrank an annualised 7.1 per cent in the three months through December due to the hit from last year's sales tax hike and the US-China trade war.
(From Straits Times - Business, on 2020-03-31 00:24)
Japan's government last week offered its bleakest assessment on the economy in nearly seven years, saying conditions in March were "severe" as the coronavirus pandemic shut down factories and cooled consumption.
(From Straits Times - Business, on 2020-03-31 00:24)
Can Survivors of the Coronavirus Help Cure the Disease and Rescue the Economy?
(From The New Yorker, on 2020-03-30 23:13)
Restaurants and bars lost a total of $25 billion so far due to coronavirus
(From CBSNews.com - Headlines, on 2020-03-30 23:26)
Who gets what from the coronavirus stimulus packages? What is JobKeeper?
(From The Sydney Morning Herald - Latest News, on 2020-03-30 22:01)
Personal Finance Daily: On frontlines fighting COVID-19… for $17.30 an hour and the $2 trillion coronavirus stimulus bill encourages Americans to donate to charity
(From Market Watch - Top Stories, on 2020-03-30 21:51)
5 things that won’t change in the post-coronavirus economy
(From Quartz, on 2020-03-30 21:39)
How coronavirus has reshaped Trump's economy-driven, rally-heavy re-election campaign
(From The Week, on 2020-03-30 21:07)
Statements from 30 March 2020, at 4:59PM EST
Kohl's extends store closure, draws down $1 billion credit facility amid coronavirus outbreak
(From Reuters - Business, on 2020-03-30 18:50)
Here’s how to get a small business loan under the $349 billion coronavirus aid bill
(From Washington Post - Business, on 2020-03-30 08:05)
USPS warns it might have to shutter by June as $2 trillion coronavirus stimulus package provides no funding
(From Fortune, on 2020-03-30 15:30)
The Coronavirus Economy: How the private jet business changed overnight
(From Fortune, on 2020-03-30 17:00)
Saudi, UAE businesses battle cash crunch despite anti-coronavirus stimulus
(From Reuters - Company News, on 2020-03-30 11:21)
A GOP senator calls on Trump to reopen parts of the coronavirus-stricken economy because ‘death is an unavoidable part of life’
(From Business Insider Singapore, on 2020-03-30 14:30)
Even taking last week's bounce into account, the severity of the spread of the virus and the likelihood of a deep global recession have so-far knocked $US7 trillion off the value of S&P 500 companies.
(From The Sydney Morning Herald - Business, on 2020-03-30 18:45)
J&J, US government plan 1 billion doses of coronavirus vaccine
(From Channel News Asia - Latest News, on 2020-03-30 16:16)
Irish economy will suffer mildest shock to output from coronavirus - OECD
(From Irish Times - Business, on 2020-03-30 12:47)
China takes steps to heal virus-hit economy as infections fall
(From Reuters - Company News, on 2020-03-30 12:51)
Chancellor Angela Merkel’s government on Friday secured final parliamentary approval for a package of measures totaling more than €750 billion ($826 billion) to address the impact of the virus on Europe’s biggest economy.
(From Bangkok Post - World, on 2020-03-30 13:04)
Statements from 30 March 2020, at 10:42AM EST
China takes steps to heal virus-hit economy as infections fall
(From Reuters - Health, on 2020-03-30 12:52)
Japan ruling party eyes 100 trillion yen stimulus to battle coronavirus
(From Channel News Asia - Latest News, on 2020-03-30 12:30)
The Energy 202: Struggling U.S. oil companies hope for more economic help in next coronavirus stimulus package
(From Washington Post - Politics, on 2020-03-30 12:00)
Op-Ed: A virus is raging. The economy is in free fall. Why Trump's approval rating is still going up
(From LA Times - Opinion, on 2020-03-30 10:00)
Australia pledges US$80 billion wages subsidy to protect jobs from coronavirus
(From Vietnam Breaking News, on 2020-03-30 17:31)
Coronavirus stimulus package offers relief for retirees with RMD waiver and penalty-free 401(k) withdrawals
(From Washington Post - Business, on 2020-03-30 11:00)
Mexico struggles to keep economy alive as coronavirus measures bite
(From FT, on 2020-03-30 10:00)
Let’s say the cost of waging this virus war hits $250 billion over the next three to five months.
(From Ottawa Citizen, on 2020-03-30 10:21)
Bangladesh Garment Makers Say $3 Billion in Orders Lost Due to Coronavirus
(From TIME, on 2020-03-30 09:38)
Economy ministry: UAE increases onion imports amid coronavirus price hike
(From AlArabiya.net MRSS for section Business, on 2020-03-30 09:02)
Australia has announced a 130 billion Australian dollar ($80 billion) plan to subsidize businesses damaged by the new coronavirus to pay to up to six million staff a minimum wage to keep them in the work force for the next six months.
(From The Mercury News, on 2020-03-30 07:06)
Australian Prime Minister Scott Morrison said on Monday that businesses that have lost 30% of revenue because of the COVID-19 outbreak would be eligible for the subsidy, which is part of what he describes as a hibernation strategy for the economy.
(From The Mercury News, on 2020-03-30 07:06)
The measure brings total government economic support to response to the virus to AU$320 billion, which is 16.4% of GDP.
(From The Mercury News, on 2020-03-30 07:06)
President Donald Trump says Congress should re-convene if some Americans don’t get their coronavirus stimulus money because of antiquated state computer systems that aren’t equipped to quickly handle the volume of federal money being sent to workers.
(From The Mercury News, on 2020-03-30 07:06)
China unexpectedly cuts reverse repo rate by most in 5 yrs to support virus-hit economy
(From Reuters - Company News, on 2020-03-30 05:00)
Be prepared for coronavirus impact on economy: Sharad Pawar
(From Times of India - India News, on 2020-03-30 09:51)
China slashes rate, pumps US$7 billion into market to counter COVID-19 impact
(From Channel News Asia - Latest News, on 2020-03-30 05:52)
Nigeria: Coronavirus - UBA Presents N1 Billion to Lagos Govt
(From AllAfrica News, on 2020-03-30 05:15)
The government has so far announced $189 billion in economic assistance to counter the effects of the coronavirus, and has worked with the banks to provide relief for borrowers.
(From The Sydney Morning Herald - Latest News, on 2020-03-30 04:24)
EY Greater China IPO practice leader Terence Ho said the fiscal response from China’s government - which accelerated a massive program of economic stimulus measures - could help boost the prospects of companies looking to list on the mainland markets.
(From Reuters - Company News, on 2020-03-30 01:31)
“These efforts should help the economy and IPO markets recover more quickly when the outbreak is controlled.” China has also relaxed the rules for follow-on share sales by listed companies in an effort to help virus-hit firms raise cash.
(From Reuters - Company News, on 2020-03-30 01:31)
JPMorgan reckons the coronavirus will have pushed the world economy into a 12% contraction in Q1 and with pandemic still spreading rapidly and keeping large parts of the global economy shuttered it is unlikely to get much easier in Q2.
(From Reuters - Company News, on 2020-03-30 02:00)
China on Monday became the latest to add stimulus with a cut of 20 basis points in a key repo rate.
(From Reuters - Company News, on 2020-03-30 02:22)
The coronavirus hit the Chinese economy just as it was starting to show some signs of stabilising after growth cooled last year to its slowest pace in nearly 30 years.
(From Reuters - Company News, on 2020-03-30 03:27)
Statements from 30 March 2020, at 12:48AM EST
Coronavirus: Singapore eases monetary policy as virus slams economy
(From Gulf News - Business, on 2020-03-30 03:16)
Economy could take 22% hit from virus shutdown: OECD
(From The Sydney Morning Herald - Latest News, on 2020-03-30 03:17)
Several states have stepped in to help airlines hammered by the coronavirus pandemic that has virtually halted international travel, with the United States offering $US58 billion ($94 billion) in aid.
(From The Sydney Morning Herald - Business, on 2020-03-29 22:12)
President Donald Trump says Congress should re-convene if some Americans don’t get their coronavirus stimulus money because of antiquated state computer systems that aren’t equipped to quickly handle the volume of federal money being sent to workers.
(From The Mercury News, on 2020-03-30 00:55)
Brazil economy 'can't stop' for coronavirus: Bolsonaro
(From Bangkok Post - World, on 2020-03-29 23:45)
A whiplash world waits to see if coronavirus stimulus can help markets
(From LA Times - Business, on 2020-03-29 21:27)
Shaun Osborne, chief FX strategist at Scotiabank, said in a research note on Thursday that there were a number of risks that could easily derail optimism, including how Western economies manage the virus and the re-emergence of cases in China.
(From Reuters - Company News, on 2020-03-29 19:19)
Over the last two weeks Trudeau has overseen the launch of more than $100 billion in aid for Canadian families and businesses in an unprecedented nationwide economic slowdown prompted by public health demands that Canadians stay home to slow the spread of the novel coronavirus.
(From National Post - Top Stories, on 2020-03-29 08:02)
Trump's top economic adviser says Americans can expect coronavirus stimulus checks to show up in their bank accounts 'in a couple of weeks'
(From Business Insider, on 2020-03-29 16:56)
House Speaker Pelosi: $2 trillion coronavirus package 'just a down payment' on fight against outbreak
(From Detroit Free Press, on 2020-03-29 16:56)
U.S. Postal Service gets $10 billion from coronavirus stimulus legislation
(From Market Watch - Breaking News, on 2020-03-29 16:42)
The Coronavirus Economy: How my job as a bar and restaurant owner in Los Angeles has changed so far
(From Fortune, on 2020-03-29 17:00)
Top U.S. House Republican says another coronavirus stimulus bill may not be needed
(From Reuters - U.S., on 2020-03-29 15:14)
Statements from 29 March 2020, at 12:02PM EST
Mnuchin: US will bounce back after we 'kill this virus and reopen the economy'
(From The Hill - All News, on 2020-03-29 14:00)
The recession alphabet: How analysts are using letters to project the economy's recovery from coronavirus
(From Business Insider, on 2020-03-29 14:05)
On Saturday, Health Minister Olivier Veran said the government had ordered more than a billion face masks, mostly from China, to be supplied in the weeks and months ahead.
(From Reuters - Business, on 2020-03-29 13:05)
Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis, the head of the Bank for International Settlements said on Sunday.
(From Reuters - Business, on 2020-03-29 13:16)
The outbreak is expected to deal a serious blow to the South Korean economy as people refrain from outdoor activities to maintain social distancing.
(From Yonhap News Agency, on 2034-01-05 00:15)
Two weeks into an unprecedented statewide shelter-in-place order driven by the deadly coronavirus, Bay Area bars, bookstores, dance studios and even crab fishermen are finding new and unexpected ways to bring in some desperately needed revenue as the economy continues to tank.
(From The Mercury News, on 2020-03-29 13:05)
We need more complete, coordinated data to know when it’s safe to reopen the economy. It doesn’t matter that the United States surpassed China this week in reported COVID-19 cases because those numbers (83,507 and 81,782 respectively as of March 26) don’t tell us how many people actually became infected in either country.
(From Gulf News - Opinion, on 2020-03-29 10:58)
Iran’s economy a factor in coronavirus response, President Rouhani says
(From Global News, on 2020-03-29 11:47)
China's $43 trillion market promise beckons global wealth firms
(From Straits Times - Business, on 2020-03-29 10:19)
SoftBank’s big bet on sharing economy backfires with coronavirus
(From Japan Times - Top Stories, on 2020-03-29 19:45)
The World Bank and IMF are jointly giving Kenya at least Sh130 billion to deal with the twin crisis brought by locusts and coronavirus.
(From AllAfrica News, on 2020-03-29 08:49)
Ignore the bankers – the Trump economy is not worth more coronavirus deaths | Robert Reich
(From Guardian - Business, on 2020-03-29 10:07)
Middle East central banks pledge $47 billion to contain coronavirus fallout
(From AlArabiya.net MRSS for section Business, on 2020-03-29 07:12)
Coronavirus: Dubai announces economic stimulus for free zones
(From AlArabiya.net MRSS for section Business, on 2020-03-29 05:08)
South Korea's central bank said Sunday it will provide US$12 billion in loans to local banks this week, a move that could ease a dollar liquidity crunch caused by the global spread of the new coronavirus.
(From Yonhap News Agency, on 2034-01-05 00:15)
Coronavirus economy: California real estate sales now deemed ‘essential’ industry
(From The Mercury News, on 2020-03-29 02:35)
In a blog posted this week, Lyft also informed its drivers that they may be eligible for compensation under the CARES Act, the $2 trillion coronavirus economic aid law passed in Congress and signed by President Donald Trump.
(From Gizmodo, on 2020-03-28 22:23)
It’s impossible to predict if the virus will inject a welcome impatience into spending out of pay checks that are augmented by state support, or whether the global economy will get mired in deeper stagnation.
(From Washington Post - Business, on 2020-03-28 13:16)
Pence says virus taskforce soon to deliver recommendation on whether to re-open economy
(From Reuters - Business, on 2020-03-29 01:06)
Planned job cuts due to the novel coronavirus pandemic are impacting Monterey County by hundreds of layoffs, including the region’s billion-dollar hospitality industry.
(From The Mercury News, on 2020-03-28 21:39)
The coronavirus recession is exposing how the economy was not strong as it seemed
(From Washington Post - Business, on 2020-03-28 08:29)
As the number of coronavirus-related deaths spirals higher across the country, Philippe’s health minister said the government had ordered more than 1 billion face masks, the vast majority from China, to build up its supplies.
(From Reuters - Health, on 2020-03-28 19:19)
India temple economy hit by coronavirus pandemic
(From Shanghai Daily - Sunday, on 2020-03-28 16:00)
Statements from 28 March 2020, at 1:28PM EST
The $2 trillion coronavirus rescue package is more than double the size of Obama’s stimulus plan — but it may only salvage the economy for a few months
(From Business Insider Singapore, on 2020-03-28 13:17)
Trump Reportedly Wants His Signature on Coronavirus Stimulus Checks
(From Slate, on 2020-03-28 14:44)
Japan's Abe vows unprecedented stimulus as Tokyo coronavirus cases rise
(From Reuters - Top News, on 2020-03-28 14:04)
Coronavirus May Add Billions to the Nation’s Health Care Bill
(From NY Times - Business News, on 2020-03-28 13:30)
At the same time, Ethiopia’s Prime Minister Abiy Ahmed, in coordination with other African leaders, called on the G-20 to provide $150 billion for the continent’s response to coronavirus.
(From Brookings, on 2020-03-28 11:30)
South African billionaire businessman Patrice Motsepe said on Saturday his group of companies would donate 1 billion rand ($57 million) to help fight the coronavirus outbreak that has forced the country into total lockdown as infections climb.
(From News18 - World News, on 2020-03-28 00:45)
The public health emergency caused by the coronavirus has shuttered restaurants, bars, hotels, and other businesses that power 70% of the economy through consumer spending.
(From Business Insider, on 2020-03-28 13:17)
Across the Middle East, the outbreak has raised concerns that health systems strapped by multiple wars, refugee crises and unstable economies won’t be able to handle a growing numbers in cases.
(From Global News, on 2020-03-28 12:11)
Japan to compile "boldest-ever" economic stimulus to fight virus: Abe
(From Kyodo News, on 2020-03-28 09:50)
As billions hunker down to halt the spread of the virus, President Donald Trump has only ramped up sanctions and other pressure against frequent targets such as Iran and Venezuela.
(From News18 - World News, on 2020-03-27 21:32)
“If either of those pieces go down, it just creates huge problems for the global economy.” Jacob was in China as it entered the peak of its outbreak and now he’s back in Canada as the coronavirus takes hold here, giving him some insight into how conditions are progressing in both countries.
(From Financial Post - Top Stories, on 2020-03-28 10:00)
China readies stimulus measures as local virus cases dwindle
(From Reuters - Health, on 2020-03-28 07:46)
Bolsonaro’s accusations were the latest broadside in an ugly battle with Brazil’s governors, who have chafed at the president’s view that protecting the economy takes priority over social distancing measures to combat the spread of the highly contagious virus.
(From France24 (English), on 2020-03-28 07:12)
Economy Minister Paulo Guedes said the government will offer 45 billion reais to self-employed and informal workers, adding that all the government’s coronavirus-fighting measures will total 700 billion reais over three months.
(From France24 (English), on 2020-03-28 07:12)
Prime Minister Mikhail Mishustin's cabinet plans to unveil a slew of new economic and regulatory measures to reduce the coronavirus' impact on Wednesday, including creating an anti-crisis fund of 300 billion rubles ($4.05 billion) to support Russian citizens and the Russian economy and compensating quarantined citizens, including freelancers and the self-employed, for lost income.
(From The Moscow Times, on 2020-03-28 07:17)
Coronavirus: Canada pumps $200 billion into virus-stricken economy
(From Gulf News - World, on 2020-03-28 03:50)
Mexico's Orbia draws $1 billion from credit line due to economic uncertainty and coronavirus
(From Reuters - Company News, on 2020-03-27 23:36)
Statements from 28 March 2020, at 1:38AM EST
President Donald Trump signed into law Friday the $2 trillion rescue plan to salvage a US economy crippled by the novel coronavirus, on a day the nation recorded more than 100,000 confirmed cases of virus infections.
(From The Daily Star - World, on 2020-03-28 02:58)
Pelosi said the $2 trillion rescue plan -- the third and by far largest coronavirus legislative measure -- will not be the end of government assistance to battered communities.
(From The Daily Star - World, on 2020-03-28 02:58)
Mexico's Orbia draws $1 billion from credit line due to economic uncertainty and coronavirus
(From Reuters - Company News, on 2020-03-27 23:36)
Economy Minister Paulo Guedes said the government will offer 45 billion reais to self-employed and informal workers, adding that all the government’s coronavirus-fighting measures will total 700 billion reais over three months.
(From Global News, on 2020-03-28 02:08)
Retailers would also be able to tap into the $450 billion in loans to companies that were hurt by coronavirus.
(From The NY Post, on 2020-03-28 02:08)
IMF chief says the global economy is already stuck in a coronavirus-fueled recession — and only a coordinated worldwide effort will save it
(From Business Insider Singapore, on 2020-03-27 18:35)
The Kingdom convened a virtual extraordinary summit on March 26, bringing together the leaders from the Group of 20 major economies (G20) to address the coronavirus pandemic.
(From Al Arabiya English - Home Page, on 2020-03-28 00:41)
That support for a measure that includes roughly a half-trillion dollars for America’s largest companies reveals how the coronavirus pandemic, with its life-or-death terrors, has altered the country’s political DNA, transforming some of the nation’s most fiery politicians into team players.
(From Washington Post - Politics, on 2020-03-28 01:22)
It’s the first of what are sure to be many grim signs of the toll the virus is taking on the economy.
(From SF Gate - Business and Technology News, on 2020-03-28 00:01)
Relief Package Would Limit Coronavirus Damage, Not Restore Economy
(From Bangkok Post - Business, on 2020-03-27 21:00)
Hard-hit cruise lines don't get U.S. coronavirus stimulus money
(From LA Times - Business, on 2020-03-27 22:35)
Every day the clock ticks, however, is a day the coronavirus wages war on casinos, hotels and the economy at large.
(From The NY Post, on 2020-03-27 22:19)
Oil prices plunged 5% on Friday and posted a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
(From Reuters - Business, on 2020-03-27 20:23)
With 3 billion people in lockdown, global oil demand could be cut by a fifth, International Energy Agency head Fatih Birol said as he called on major producers such as Saudi Arabia to help to stabilise oil markets.
(From Reuters - Business, on 2020-03-27 20:23)
BlackRock Inc will earn less than $8 million a year in fees for its role assisting the Federal Reserve with its purchases of commercial mortgage-backed securities, one of the new programs the central bank is rolling out to backstop an economy under threat from the coronavirus outbreak, according to details of the arrangement released on Friday.
(From Reuters - Business, on 2020-03-27 21:30)
Statements from 27 March 2020, at 2:17PM EST
Global economy has entered recession amid coronavirus pandemic: IMF
(From Kyodo News, on 2020-03-27 16:47)
“Containing the Virus Was Going to Be Antithetical to the Economy”: Joe Biden’s Former Economic Adviser on Why This Recession Got So Bad
(From Mother Jones, on 2020-03-27 16:04)
The agency added that the risk of a near-term negative rating action has climbed given the magnitude of the shock to the economy and public finances from the virus and the fiscal policy response, particularly in the absence of a credible consolidation plan for the country's preexisting, longer-term public finance and government debt challenges.
(From ABC News - Top Stories, on 2020-03-27 15:03)
Rep. Thomas Massie to force delay on $2 trillion coronavirus aid bill
(From The NY Post, on 2020-03-27 16:26)
EU tempers fray as virus hits lives, livelihoods, economies
(From The Seattle Times, on 2020-03-27 15:52)
House aims to push through $2 trillion coronavirus bill as Trump targets holdout
(From Reuters - U.S., on 2020-03-27 15:50)
House to pass $2 trillion coronavirus package after chaotic sprint to D.C.
(From Politico - Economy, on 2020-03-27 14:57)
The approvals come as policymakers and authorities step up efforts to shield the world’s second-largest economy, battered by the coronavirus pandemic.
(From Reuters - Business, on 2020-03-27 11:34)
Statements from 27 March 2020, at 11:15AM EST
Tax Guy: Coronavirus stimulus-package tax relief: Withdraw $100K from your IRA — and repay in 3 years with zero tax liability
(From Market Watch - Top Stories, on 2020-03-27 13:05)
House vote on $2.2 trillion coronavirus stimulus bill hits a last-minute snag: Conservative Republican wants to force quorum to return to D.C. for vote
(From Chicago Tribune - World, on 2020-03-27 14:00)
The Fed’s balance sheet exceeds $5 trillion for the first time in history amid the bank’s wave of coronavirus relief efforts
(From Business Insider, on 2020-03-27 12:38)
With coronavirus killing the economy, we can no longer afford to project power everywhere.
(From Cato Institute - OpEds, on 2020-03-26 13:10)
The global interactive fitness industry was already expected to grow by $5.44 billion between 2020 and 2024, even before the coronavirus pandemic closed many businesses (including gyms) and forced millions of Americans to work from home — if they have been lucky enough to keep their jobs.
(From Market Watch - Top Stories, on 2020-03-27 12:02)
Andrew Parsons, the chief investment officer at Resolution Capital, which has nearly $10 billion in funds under management, has slammed the Australian government over its response to the coronavirus saying it lacked a 'war-time' style response plan.
(From The Sydney Morning Herald - Business, on 2020-03-27 13:00)
"By closing the economy over an extended, inconsistent and uncertain period you have adversely impacted if not devastated the lives of so many Australians beyond the impact of virus itself."
(From The Sydney Morning Herald - Business, on 2020-03-27 13:00)
Volkswagen burning through US$2.2 billion a week as coronavirus halts production: CEO
(From Channel News Asia - Business, on 2020-03-27 10:20)
Coronavirus: will China rescue the world economy?
(From FT, on 2020-03-27 09:40)
Dividend ETFs may lose out under the $2 trillion coronavirus relief bill
(From Market Watch - Top Stories, on 2020-03-27 10:13)
This is why Central Asian economies annually attract several dozen thousand foreign blue- and white-collar workers from China, Turkey, Russia, India and other countries for implementing new industrial and construction projects.
(From Modern Diplomacy, on 2020-03-27 08:30)
Volkswagen burning through $2.2 billion a week as coronavirus halts production: CEO
(From Reuters - Business, on 2020-03-27 10:18)
“We are not making sales or revenues outside of China,” Diess, adding that Volkswagen still had to cover a high level of fixed costs of “around 2 billion euros a week”, he told ZDF late on Thursday.
(From Reuters - Business, on 2020-03-27 10:18)
The ECB said last week it would prop up markets, including through the purchase of commercial paper, as part of a 750 billion euro plan to boost asset purchases to contain the financial fallout from coronavirus.
(From Reuters - Business, on 2020-03-27 10:18)
Statements from 27 March 2020, at 12:41AM EST
India's Bruised Economy to be Battered Further as Coronavirus Lockdown Hits Country's Backbone: Report
(From News18 - Business, on 2020-03-27 03:56)
Singapore Airlines obtains $13 billion rescue package amid coronavirus shock
(From Reuters - Business, on 2020-03-27 02:55)
The coronavirus stimulus package versus the Recovery Act
(From LA Times - Politics, on 2020-03-27 00:51)
(Reuters) - Big banks are postponing decisions about staff cuts as the coronavirus outbreak hits their businesses hard, with executives saying they are unsure how long the outbreak will hurt the economy and worried about being unprepared if business suddenly snaps back.
(From Reuters - Company News, on 2020-03-27 01:15)
U.S. House leaders determined to pass $2.2 trillion coronavirus bill
(From Reuters - Politics, on 2020-03-27 01:02)
Leveraging its large user base of more than 1.16 billion, WeChat has played a crucial role in promoting public awareness about COVID-19 and digitalizing public services in China rapidly.
(From Technode, on 2020-03-27 01:23)
How the $2 trillion coronavirus stimulus package impacts startups
(From Geekwire, on 2020-03-26 23:39)
Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode
(From Reuters - Top News, on 2020-03-26 23:18)
G20 leaders to inject $5 trillion into global economy in fight against coronavirus
(From Reuters - World News, on 2020-03-26 23:56)
Durbin, Duckworth break down what Illinois would get from $2 billion coronavirus relief bill passed by Senate
(From Chicago Tribune - Breaking News, on 2020-03-26 22:32)
Billionaire investor Bill Ackman turned $27 million into $2.6 billion by betting that the coronavirus would tank the market
(From Business Insider, on 2020-03-26 22:59)
EU lawmakers back aid for virus-hit economy in remote vote
(From Reuters - Company News, on 2020-03-26 22:26)
The number of Americans filing initial applications for unemployment benefits jumped nearly twelvefold to a record 3.3 million, the Labor Department said, offering the most vivid evidence yet of the coronavirus’s widespread damage to the economy.
(From Detroit Free Press, on 2020-03-26 22:31)
Many now fear that Latin America may go the way of Italy — with too many cases already circulating to gain control of the virus for many weeks or months, creating a crisis for underfunded health systems and for the region’s economies.
(From Brookings, on 2020-03-26 20:05)
These Republican governors are ordering everyone to stay home because of coronavirus, defying Trump’s impatience to reopen the economy
(From Business Insider Singapore, on 2020-03-26 16:39)
Statements from 26 March 2020, at 4:50PM EST
A better way to defeat the virus and restore the economy
(From Washington Post - Opinions, on 2020-03-26 07:43)
Here are highlights of the $2.2 trillion coronavirus stimulus bill
(From Chicago Tribune - World, on 2020-03-26 19:29)
Booze used to make hand sanitizer may be free from taxes under the coronavirus stimulus bill, as breweries and distillers ditch beer and vodka for sanitizing gels
(From Business Insider Singapore, on 2020-03-26 14:36)
The economic stimulus plan comes as a report said that the coronavirus impact could hit hard the tourism sector in India and render 3.8 crore people jobless, reports our New Delhi correspondent.
(From The Daily Star - Headlines, on 2020-03-26 18:00)
The coronavirus has destroyed USD 23 trillion in global market value since mid-February, according to the Economist.
(From The Daily Star - Headlines, on 2020-03-26 18:00)
After the emergency summit, G20 nations pledged a "united front" in the fight against the coronavirus pandemic, and said they were injecting $5 trillion into the global economy to counter the impact of the crisis.
(From The Daily Star - Headlines, on 2020-03-26 18:00)
If money managers see some stabilization in the infection rate of the coronavirus pandemic and the prospect of a global economic recovery, Panigirtzoglou estimated investors could plough $3.3 trillion of funds into equities by the end of 2020, including the $800 to $900 billion of rebalancing inflows.
(From Market Watch - Top Stories, on 2020-03-26 18:24)
The federal government will move to relax social distancing recommendations for some counties as President Trump hopes to restart the nation’s economy in the middle of the coronavirus pandemic, the president wrote in a letter to governors Thursday.
(From The Mercury News, on 2020-03-26 19:17)
Singapore Airlines taps investors for up to $10.5 billion amid coronavirus shock
(From Reuters - Business, on 2020-03-26 18:41)
G20 leaders to inject $5 trillion into global economy to fight coronavirus
(From Reuters - Top News, on 2020-03-26 19:04)
Coronavirus Relief Package Offers Up More Than $30 Billion For Education
(From NPR News, on 2020-03-26 16:32)
Copper slips as coronavirus hit to metals outweighs U.S. stimulus
(From Reuters - Company News, on 2020-03-26 17:44)
Canada ramps up asset buying to backstop coronavirus-slammed economy
(From Financial Post - Top Stories, on 2020-03-26 17:26)
McDonald’s borrows $1 billion, shelves all-day breakfast to help it through coronavirus crisis
(From Chicago Tribune - Breaking News, on 2020-03-26 17:08)
Pakistan Seeks $3.7 Billion in Loans from Global Agencies as Coronavirus Cases Cross 1,100
(From News18 - World News, on 2020-03-26 03:53)
The idea is for a jointly backed bond sale of up to 1.5 trillion euros that would fund government action to contain the virus and reboot euro-area economies.
(From Washington Post - Business, on 2020-03-26 16:17)
Coronavirus: UAE forms committee to handle impacts of COVID-19 on national economy
(From Gulf News - UAE, on 2020-03-26 15:54)
Washington’s jobless claims jump more than ninefold as coronavirus hammers economy
(From The Seattle Times, on 2020-03-26 14:59)
G-20 says injecting $5 tril. into global economy over coronavirus
(From Kyodo News, on 2020-03-26 14:43)
Biden releases plan to boost economy amid coronavirus pandemic
(From The Hill - All News, on 2020-03-26 14:05)
Statements from 26 March 2020, at 10:54AM EST
Eye Opener: Senate passes $2 trillion coronavirus relief package
(From CBSNews.com - Headlines, on 2020-03-26 11:22)
Total Hospital Charges From Coronavirus Treatments Projected To Soar Into The Hundreds Of Billions
(From Kaiser Health News, on 2020-03-26 13:04)
23 million American jobs in immediate danger from the coronavirus crisis A massive $2 trillion government rescue package awaiting approval by Congress aims to ease the pain for the countless Americans put out of work with expanded unemployment benefits and loosen eligibility requirements.
(From Market Watch - Breaking News, on 2020-03-26 11:07)
Trump and Kushner can still benefit from the $2.2. trillion coronavirus bill, despite Democratic safeguards
(From The Week, on 2020-03-26 11:57)
A record 3.3 million Americans filed for unemployment benefits as the coronavirus slams economy
(From Washington Post - Business, on 2020-03-26 12:30)
EU lawmakers to approve aid for coronavirus-hit economy in remote vote
(From Channel News Asia - Business, on 2020-03-26 11:45)
The $2 trillion coronavirus stimulus package isn’t green, but it helps
(From Fortune, on 2020-03-26 11:38)
The Coronavirus War Economy Will Change the World
(From Foreign Policy, on 2020-03-26 10:29)
Winners and losers in Congress’s $2 trillion coronavirus rescue package
(From Fortune, on 2020-03-26 09:13)
For the first time, Uber drivers and other gig workers would qualify for unemployment insurance as part of the Senate’s $2 trillion coronavirus stimulus bill
(From Business Insider Singapore, on 2020-03-26 03:53)
The coronavirus economy’s winners (guns and water) and losers (breweries and bowling)
(From Washington Post - Business, on 2020-03-26 11:00)
Power Up: Influential chefs and restaurateurs say coronavirus stimulus bill helps — but isn’t enough
(From Washington Post - Politics, on 2020-03-26 10:38)
French economy operating at about 65 percent due to coronavirus outbreak
(From France24 (English), on 2020-03-26 09:29)
US coronavirus stimulus will provide little relief for private equity
(From PE News, on 2020-03-26 10:26)
Japan economy in "severe situation" as virus causes downgrade
(From Kyodo News, on 2020-03-26 08:39)
The Senate took a modest step toward helping state election officials cope with coronavirus in its compromise stimulus bill, which includes $400 million in assistance and which is expected to pass both houses in the coming days.
(From LA Times - Opinion, on 2020-03-26 10:00)
A majority of Americans, 58 percent are optimistic that the economy will recover quickly after the coronavirus abates.
(From The Hill - All News, on 2020-03-26 10:00)
Shut out of international capital markets and facing a further hit to its finances with the collapse in oil prices coming on top of US sanctions, Iran is struggling to shield its economy from the coronavirus pandemic.
(From News18 - World News, on 2020-03-25 20:14)
Coronavirus: Pakistan announces massive Rs1.25 trillion package to address COVID-19 challenges
(From Gulf News - World, on 2020-03-26 09:53)
India unveils $22.6 billion stimulus to counter coronavirus fallout
(From Gulf News - Business, on 2020-03-26 09:05)
Coronavirus delivers tough blow to Lebanon’s dying economy
(From News 1130 (Vancouver), on 2020-03-26 06:05)
Juniper Research: Coronavirus to Cause $42 Billion Revenue Gap in Global Consumer Device Shipments over the Next 9 Months
(From Business Wire Health News, on 2020-03-26 07:00)
The CDC would set up a coronavirus ‘surveillance and data collection system’ as part of the Senate’s $2 trillion stimulus bill
(From Business Insider Singapore, on 2020-03-26 03:53)
Statements from 26 March 2020, at 12:42AM EST
IMF approves $1.3 billion loan for Jordan, adjusts for coronavirus expenses
(From Reuters - World News, on 2020-03-26 00:37)
Senate Approves Massive $2 Trillion Coronavirus Stimulus Bill
(From Variety, on 2020-03-26 03:49)
Senate passes $2 trillion coronavirus relief package in effort to address economic trauma caused by the pandemic
(From Washington Post - Politics, on 2020-03-26 03:49)
American Movie Theater Owners Are Happy With Coronavirus Stimulus Bill
(From The Wrap, on 2020-03-26 02:38)
Airlines would get the $60 billion bailout they asked for in the new Senate coronavirus stimulus bill, which would prohibit layoffs and ban stock buybacks and dividends (AAL, DAL, UAL, LUV, JBLU)
(From Business Insider, on 2020-03-26 02:39)
Closed campuses, online classes. Struggling colleges will receive $14 billion in coronavirus relief but say it’s not enough.
(From Chicago Tribune - World, on 2020-03-26 01:17)
Coronavirus death toll passes 20,000, with three billion under lockdown
(From Japan Times - Top Stories, on 2020-03-26 09:54)
Gavin Newsom said he expects the coronavirus crisis will wipe out the state’s cash reserve, which had been projected to total $21 billion by summer.
(From LA Times - Politics, on 2020-03-25 23:32)
The bill includes a $500 billion corporate liquidity fund to help companies impacted by the coronavirus access credit.
(From The Hill - All News, on 2020-03-25 23:27)
In addition to economic assistance, the bill includes $100 billion for hospitals, which have warned they could soon be overwhelmed by the steady increase in coronavirus cases.
(From The Hill - All News, on 2020-03-25 23:27)
Hotels and airlines are just the beginning — here’s how the coronavirus recession could cause job losses across the US economy
(From Business Insider Singapore, on 2020-03-25 19:34)
'Like an ant' studying the universe: Dalio ponders coronavirus economy
(From The Sydney Morning Herald - Business, on 2020-03-26 00:50)
Canada doubles value of coronavirus stimulus package, promises cash, loan delays
(From Reuters - Company News, on 2020-03-25 23:09)
Proposed coronavirus relief bill has $10.5 billion for Defense Department
(From Space News, on 2020-03-25 23:31)
Trump defends $25 million in Kennedy Center funding in coronavirus stimulus
(From The Hill - All News, on 2020-03-25 22:55)
States and localities spend a little over $3 trillion a year, and the idea that the coronavirus will only blow a five-percent-sized hole in those finances is absurdly optimistic.
(From The Week, on 2020-03-25 22:06)
Andrew M. Cuomo, a Democrat, is furious at the latest congressional package, saying about $4 billion in aid is not nearly enough as the state tries to battle the virus and beef up health care and safety personnel during the crisis.
(From Washington Post - Business, on 2020-03-25 10:15)
Statements from 25 March 2020, at 2:21PM EST
A $2 Trillion Coronavirus Stimulus Will Help, but More May Be Needed
(From NY Times - Business News, on 2020-03-25 16:51)
Iran struggles to shield economy from coronavirus pandemic
(From AlArabiya.net MRSS for section Business, on 2020-03-25 16:41)
Senate convenes for vote on unprecedented $2 trillion coronavirus aid package
(From Reuters - Top News, on 2020-03-25 16:40)
What we know: How the $2T coronavirus stimulus will affect you and the economy
(From USA Today - Money Top Stories, on 2020-03-25 16:38)
But the lending capacity needed to prevent mass closures and layoffs could be four or five times larger than what is being provided.” Trading on Wall Street was volatile on Wednesday, as investors started sizing up a $2 trillion coronavirus rescue package designed to shore up the American economy.
(From NY Times - Dealbook, on 2020-03-25 16:14)
In the United States, widespread social distancing measures put in place to control the spread of the coronavirus have hammered consumer spending, the heart of the American economy.
(From NY Times - Dealbook, on 2020-03-25 16:14)
The kingdom was the first country to confirm a case outside China in January, but incremental measures were taken due to its flagging economy's reliance on tourism.
(From Channel News Asia - Asia, on 2020-03-25 16:11)
German Parliament Passes $1.2 Trillion Coronavirus Rescue Package
(From News18 - World News, on 2020-03-25 03:42)
Andrew Cuomo (D) said on Wednesday that the coronavirus stimulus deal reached between the White House and the Senate would be “terrible” for the state.
(From The Hill - All News, on 2020-03-25 16:03)
The Fed reportedly asks BlackRock to buy billions in bonds as part of its coronavirus relief effort
(From Business Insider Singapore, on 2020-03-25 13:07)
Statements from 25 March 2020, at 11:24AM EST
Billionaire Bill Ackman details a $2 billion bet he just made that coronavirus will be a 'temporary but massive economic shock'
(From Business Insider, on 2020-03-25 13:54)
White House, Congress agree on $2 trillion coronavirus stimulus deal — vote expected Wednesday afternoon
(From Chicago Tribune - World, on 2020-03-25 13:47)
Chuck Schumer made sure businesses controlled by Trump, his family, and top US officials couldn’t get money from the government’s $2 trillion coronavirus bailout fund
(From Business Insider Singapore, on 2020-03-25 12:12)
No, China’s economy hasn’t gotten better. The implications could be more serious than investors realize
(From Market Watch - Top Stories, on 2020-03-25 13:00)
We will have a devastating recession economy until there's widespread coronavirus testing
(From USA Today - Opinion, on 2020-03-25 07:15)
Facebook, Google Could Lose Over $44 Billion in Ad Revenue in 2020 Because of Coronavirus
(From Variety, on 2020-03-25 13:46)
"We are really focused on the structure of the economy post coronavirus.
(From The Sydney Morning Herald - Business, on 2020-03-25 12:45)
President Donald Trump and leading business figures are increasingly questioning the wisdom of a prolonged shutdown of the US economy — already putting millions out of work — to curb the spread of the coronavirus pandemic.
(From The Sydney Morning Herald - Business, on 2020-03-25 13:10)
There is, however, a widespread consensus among economists and public health experts that lifting the restrictions would impose huge costs in additional lives lost to the virus — and deliver little lasting benefit to the economy.
(From The Sydney Morning Herald - Business, on 2020-03-25 13:10)
Coronavirus: Government must activate health measures and keep food supply lines open Indian Prime Minister Narendra Modi’s announcement on Tuesday to shut down a nation of 1.3 billion people is the boldest move taken by any government in their war against COVID-19.
(From Gulf News - Opinion, on 2020-03-25 11:27)
These for-profit firms are increasingly taking over health care in jails here and across the country — part of a multi-billion-dollar industry with little public scrutiny.Now more than ever, sheriffs’ medical providers will come under staffing and financial strain amid this looming coronavirus crisis.
(From Kaiser Health News, on 2020-03-25 12:52)
“This package will flatten the recession curve and we now need to see a flattening of the virus curve.” Five days of negotiations had sent markets in all directions — stocks tanked Monday after the Senate twice failed to advance the coronavirus stimulus bill, then surged as a deal appeared imminent.
(From Washington Post - Business, on 2020-03-25 12:49)
Contagion medical consultant with coronavirus warns 'it can hit anybody' Why is Trump promising to quickly reboot an economy he hasn't shut down?
(From The Week, on 2020-03-25 12:57)
The Finance 202: Telework, pharma and cleaning stocks rally: What the market tells us about the coronavirus economy
(From Washington Post - Politics, on 2020-03-25 12:11)
India likely to unveil US$20 billion-plus stimulus package to tackle coronavirus downturn - sources
(From Channel News Asia - Latest News, on 2020-03-25 11:31)
Coronavirus threatens to wipe out California's $21-billion surplus. And it could get worse.
(From LA Times - Politics, on 2020-03-25 12:00)
What's in the historic $2 trillion coronavirus relief package?
(From CBSNews.com - USA, on 2020-03-25 12:17)
Norway's Equinor to cut $3 billion in coronavirus cost plan
(From Reuters - Company News, on 2020-03-25 10:42)
German economy could shrink by as much as 20% due to coronavirus -Ifo
(From Reuters - Company News, on 2020-03-25 10:58)
U.N. Issues $2 Billion Appeal to Combat Virus and Urges Aid for Other Crises
(From NY Times - World News, on 2020-03-25 05:56)
France to support start-ups with €4 billion plan amid coronavirus crisis
(From France24 (English), on 2020-03-25 10:11)
The president said he believed a crippled economy and forced social isolation would inflict more harm than the spread of the virus.
(From Kaiser Health News, on 2020-03-25 10:36)
The president has been pushed by advisers and business leaders to boost an economy beset by deepening job losses nationwide as state and local governments have directed people to stay home, people familiar with the discussions said.
(From Kaiser Health News, on 2020-03-25 10:36)
Statements from 24 March 2020, at 10:51PM EST
U.S. Congress still awaits $2 trillion coronavirus aid deal
(From Reuters - Company News, on 2020-03-24 23:35)
Trump and Pence reportedly talked with a handful of Wall Street giants to get their view on how coronavirus is reshaping markets and the economy
(From Business Insider Singapore, on 2020-03-24 19:39)
He told Stat that Congress, during the Ebola outbreak, passed a $5.4 billion supplemental package with a down payment to strengthen the country's pathogen surveillance and detection operations, as well as the preparedness of the health care system for an outbreak.
(From The Week, on 2020-03-24 23:44)
House Democrats are weighing their options for how to avoid needing lawmakers to travel back to the Capitol and risk exposing each other to the coronavirus while finding a way to pass the next economic stimulus package.
(From The Hill - All News, on 2020-03-25 00:30)
New bill would withhold pay from Senate until coronavirus stimulus package passes
(From The Hill - All News, on 2020-03-24 23:13)
Airlines beg for rescue as coronavirus hit soars to $250 billion
(From Reuters - Company News, on 2020-03-24 22:20)
Kudlow Projects Coronavirus Aid Package to Reach ‘Roughly’ $6 Trillion
(From National Review, on 2020-03-24 22:55)
At least 2.8 billion people around the world are in some kind of lockdown because of the coronavirus pandemic
(From Business Insider Singapore, on 2020-03-24 17:31)
The United States imported some $4.4 billion worth of wooden cabinets, vanities and their components from China in 2018.
(From Reuters - Business, on 2020-03-24 19:42)
A week after New Yorkers and millions of other Americans began taking shelter at home from the coronavirus, state officials and financial investors warned on Tuesday against easing restrictions too soon even though the clampdown is devastating the US economy.
(From France24 (English), on 2020-03-24 21:18)
Could there be an acceptable middle ground that balances control of the virus and preservation of the economy?
(From Chicago Tribune - Opinion, on 2020-03-24 20:02)
The Dow Jones industrial average rebounded Tuesday, posting its biggest one-day gain in nearly 90 years on hopes that Congress would pass a stimulus bill to shield the economy from the coronavirus pandemic.
(From USA Today - National Top Stories, on 2020-03-24 22:17)
Business activity collapsed from Australia and Japan to Western Europe at a record pace in March, as measures to contain the outbreak hammered the world economy, and Japan said it was postponing the Olympics.
(From Reuters - Top News, on 2020-03-24 21:23)
“The global health crisis is rapidly morphing into a global recession, as there is a clear tension between preventing infections and ruining the economy,” said Edoardo Campanella, an economist at UniCredit Bank in Milan.
(From Reuters - Top News, on 2020-03-24 21:27)
IHS Markit said the March figures suggested the euro zone economy was shrinking at a quarterly rate of around 2%, and the escalation of measures to contain the virus could steepen the downturn.
(From Reuters - Top News, on 2020-03-24 21:27)
Statements from 24 March 2020, at 12:22PM EST
After long night, Congress and White House closing in on nearly $2 trillion coronavirus aid package
(From Chicago Tribune - World, on 2020-03-24 13:51)
Gottlieb says coronavirus must be stopped before rebooting economy
(From CBSNews.com - Headlines, on 2020-03-24 13:11)
A new report from Covered California, the state's Affordable Care Act marketplace, projected that commercial insurers and employers could face a $34 billion to $251 billion bill for coronavirus testing and treatment this year.
(From Kaiser Health News, on 2020-03-24 13:01)
The coronavirus outbreak is a deep humanitarian crisis that is posing unprecedented challenges for business leaders and the economy as a whole.
(From Business Wire Transport News, on 2020-03-24 12:09)
An effort in the Senate to move forward with a nearly $2 trillion economic stimulus package to combat the coronavirus crisis remained stalled over continued disagreements between Republicans and Democrats.
(From USA Today - National Top Stories, on 2020-03-24 13:05)
The lieutenant governor of Texas argued in an interview on Fox News Monday night that the United States should go back to work, saying grandparents like him don’t want to sacrifice the country’s economy during the coronavirus crisis.
(From USA Today - National Top Stories, on 2020-03-24 13:14)
The economic response to the coronavirus will play out over months and perhaps years, but we nonetheless see the topic of a “green stimulus” already popping up in capitals across the globe.
(From TIME, on 2020-03-24 12:00)
Officials in China have promised a massive stimulus to restart the country’s economy, and observers expect that they will largely focus on infrastructure.
(From TIME, on 2020-03-24 12:00)
The euro zone economy is sinking as countries toughen containment efforts, implementing strict stay-at-home policies even as China prepared to lift its lockdown in Wuhan, the city at the center of the original outbreak.
(From Bangkok Post - Business, on 2020-03-24 11:30)
Germany mulls stimulus package to boost post-virus economy Chancellor Angela Merkel’s government is evaluating a stimulus programme to help revive the German economy after the coronavirus crisis subsides, according to a person close to the discussions.
(From Bangkok Post - Business, on 2020-03-24 11:30)
Major economies Italy, France, Germany and Spain are all deeply affected and have implemented severe social and business restrictions to try to slow the virus's spread, by keeping potential carriers at home.
(From Gulf News - Business, on 2020-03-24 10:38)
Due to arrive in Europe's largest economy on March 20, the missing mask shipment was one of the first major deliveries needed to gird Germany's health system for its battle against the coronavirus, Spiegel reported.
(From News18 - World News, on 2020-03-23 23:16)
In a Facebook post on Thursday, Mr Heng said the "supplementary budget" will support Singaporeans amid the outbreak, which has "inevitably taken a big toll on our economy".
(From Channel News Asia - Singapore, on 2020-03-24 11:40)
But this week, he’s hinted that he may throw out social distancing advisories to the public due to their impact on the economy, something that could seriously threaten efforts to reduce the surge in cases at a time when hospitals across the country are already overwhelmed.
(From Gizmodo, on 2020-03-24 12:40)
Tensions had flared Monday as Washington strained to respond to the worsening coronavirus outbreak, with Congress arguing over a nearly $2 trillion economic rescue package and an impatient Trump musing openly about letting the 15-day shutdown expire next Monday, March 30.
(From CityNews Toronto, on 2020-03-24 12:22)
Brazilian miner Vale SA has announced it will draw $5 billion from its revolving credit lines to strenghten its liquidity due to the coronavirus pandemic.
(From Reuters - Company News, on 2020-03-24 12:04)
“Norwegian will secure the necessary headroom to pursue further guarantees from the Norwegian government.” Norway said on March 19 that Norwegian Air could obtain credit guarantees worth up to 3 billion crowns to help it weather the coronavirus crisis subject to a series of conditions.
(From Reuters - Company News, on 2020-03-24 12:21)
General Motors Co said on Tuesday it will draw about $16 billion from its credit lines in a bid to beef up liquidity amid rising business impact from the fast-spreading coronavirus outbreak.
(From Reuters - Company News, on 2020-03-24 12:40)
'Truly horrifying': 6 economic surveys show coronavirus is hammering the global economy
(From Business Insider, on 2020-03-24 12:36)
One of the biggest sticking points to emerge in the fight over the coronavirus stimulus package is how to prop up the nation's energy sector, struggling from a glut of oil and plummeting prices during the spreading epidemic.
(From Washington Post - Politics, on 2020-03-24 12:36)
Statements from 24 March 2020, at 2:42AM EST
With the coronavirus outbreak intensifying, asset managers are getting squeezed by a record outflow from bond funds and billions more from stock funds.
(From Washington Post - Business, on 2020-03-23 14:51)
So far, the coronavirus has cost global stocks about $26 trillion, or roughly 30% of their market value, from their late-February peak.
(From Washington Post - Business, on 2020-03-23 14:51)
In global fight vs. virus, over 1.5 billion told: Stay home
(From The Federal News Network, on 2020-03-24 01:35)
House Democrats just introduced their $2.5 trillion coronavirus stimulus package.
(From Mother Jones, on 2020-03-24 02:18)
Postal Service could be gone by June unless Congress immediately delivers billions of dollars to counteract the impact of the coronavirus crisis, a House committee chairwoman warned Monday night.
(From Politico - Congress, on 2020-03-24 02:39)
Maloney and Connolly noted that the House's $2.5 trillion coronavirus relief package would send $25 billion to the Postal Service in emergency funding and eliminate the Postal Service's $11 billion debt.
(From Politico - Congress, on 2020-03-24 02:39)
Mnuchin expresses hope a deal is 'very close' on $2 trillion coronavirus aid package in U.S. Senate
(From Reuters - U.S., on 2020-03-24 02:08)
Northwest Harvest Development Director Laura Hamilton is bracing for unprecedented demand for food from her nonprofit relief agency as the coronavirus pandemic wreaks havoc on the economy.
(From The Seattle Times, on 2020-03-24 02:04)
Texas Lt. Gov. Dan Patrick says a failing economy is worse than coronavirus
(From Texas Tribune, on 2020-03-24 00:22)
On the economic front, the Federal Reserve announced Monday it will lend to small and large businesses and local governments as well as extend its bond-buying programs as part of a series of sweeping steps to support the flow of credit through an economy ravaged by the viral outbreak.
(From TIME, on 2020-03-24 02:20)
I feel hopeful that China’s apparent success at reducing the spread of the Coronavirus and restarting their enormous economy may provide a blueprint for our future, as well.
(From Geekwire, on 2020-03-24 01:54)
A large share of 2021 spending will be focused on spurring local consumption and revitalizing the economy as it faces an extended slump caused by the virus outbreak.
(From Yonhap News Agency, on 2034-01-05 00:06)
According to the IPSE, prior to the coronavirus outbreak, self-employed people contributed £305bn to the British economy.
(From BBC News - Business, on 2020-03-24 00:48)
Gulf economies rocked by coronavirus and oil price war
(From FT, on 2020-03-24 00:02)
The various arguments, which are gaining traction across the political right, can be boiled down to this: No matter how many people may lose their lives to the coronavirus, many millions more stand to lose their jobs and face ruin if the economy does not reopen.
(From Washington Post - Politics, on 2020-03-24 01:15)
Compass, the real-estate brokerage startup backed by roughly $1.6 billion in venture funding, has laid off 15% of its staff as a result of the shifting economic fortunes created by the global response to the novel coronavirus pandemic, according to an internal email seen by TechCrunch.
(From TechCrunch, on 2020-03-24 01:00)
The only hurdles for SoftBank in terms of fulfilling the deal are the struggles with its Vision Fund, which have cropped up recently as the coronavirus pandemic has dealt crucial blows to almost every sector of the economy.
(From PYMNTS.com, on 2020-03-24 01:43)
President Trump on Monday said that it was crucial to get the country’s economy up and running as soon as possible amid the coronavirus pandemic spreading across the nation — but he stopped short of predicting when that might be.
(From The NY Post, on 2020-03-24 00:25)
In September 2019 Iran and China signed a package of agreements which envisages China’s 400 billion dollar worth investments in Iranian economy within the next 25 years.
(From Modern Diplomacy, on 2020-03-24 00:00)
Statements from 23 March 2020, at 6:27PM EST
Or, we shut down for months to try to save everyone everywhere from this virus — no matter their risk profile — and kill many people by other means, kill our economy and maybe kill our future.
(From The Mercury News, on 2020-03-23 18:40)
Government has introduced a $5-billion aid package to support British Columbians and businesses who are suffering due to the ongoing novel coronavirus pandemic.
(From Global News, on 2020-03-23 18:45)
The US Senate failed to advance a nearly $2 trillion economic stimulus package to a vote on Monday afternoon as millions of Americans anxiously waited for an aggressive government response to a looming financial crisis caused by the coronavirus.
(From Business Insider, on 2020-03-23 18:28)
While negotiations for the economic stimulus package continue behind closed doors, Democrats have successfully blocked, for a second time in 24 hours, the GOP-backed "phase three" $2 trillion coronavirus relief measure in its current form.
(From ABC News - Top Stories, on 2020-03-23 18:37)
This decline has accelerated in the last several weeks, as fear of the coronavirus has paralyzed many parts of the economy and caused an investor rush to safety in US government bonds.
(From The NY Post, on 2020-03-23 18:18)
As swaths of the US economy are shut down to stop the spread of the new coronavirus, Federal Reserve Bank of St. Louis president James Bullard predicts the unemployment rate could hit 30% in the the next few months before economic activity bounces back later in the year.
(From Quartz, on 2020-03-23 16:25)
The closure of non-essential shops comes as Britain opened the first part of a 330 billion pound ($384 billion) loan guarantee scheme for businesses to help small and medium-sized firms borrow up to 5 million pounds to deal with coronavirus stoppages.
(From The Mercury News, on 2020-03-23 18:10)
Traders looking to counterbalance stock declines have piled in, ballooning the fund’s assets to $6 billion from just over $700 million at the start of 2020 - a reflection of how expectations of volatility shot higher as coronavirus fears began roiling a placid stock market last month.
(From Reuters - Business, on 2020-03-23 14:07)
In the midst of Senate negotiations on a massive stimulus package in response to the coronavirus pandemic, House Democrats have released a counterproposal titled the Take Responsibility for Workers and Families Act.
(From NPR News, on 2020-03-23 18:10)
Senator Breaks with Party on Coronavirus Stimulus, ‘Embarrassed’ by Partisan Negotiations
(From National Review, on 2020-03-23 18:05)
East Japan Railway Company said it believes the reduction in passenger traffic due to coronavirus put revenue down by ¥11 billion in February.
(From Business Insider, on 2020-03-23 17:39)
Warren Buffett's Berkshire Hathaway may have racked up $80 billion in coronavirus losses on its 10 biggest investments
(From Business Insider, on 2020-03-23 17:52)
Statements from 23 March 2020, at 11:16AM EST
Japan mulls ¥30 trillion in economic stimulus to counter coronavirus impact
(From Japan Times - Top Stories, on 2020-03-23 19:26)
SoftBank announces $41 billion asset sale to face coronavirus rout—and silence critics
(From Fortune, on 2020-03-23 11:33)
Coronavirus stimulus relief plea from self-employed to Washington: 'We need help now'
(From USA Today - Money Top Stories, on 2020-03-23 09:04)
"Further deterioration in the COVID-19 outbreak is severely damaging the global economy," Morgan Stanley analysts warned on Monday.
(From Channel News Asia - Singapore, on 2020-03-23 09:30)
Japanese Prime Minister Shinzo Abe’s pledge of “huge” stimulus will involve spending of at least $137 billion financed in part by deficit-covering bonds, sources say, joining global efforts to cushion the economic blow from the coronavirus pandemic.
(From Reuters - World News, on 2020-03-23 09:14)
An estimate by Dai-ichi Life Research Institute showed the coronavirus outbreak alone could shave 3.8 trillion yen off Japan’s 540 trillion yen economy.
(From Reuters - World News, on 2020-03-23 09:14)
Malaysian Prime Minister Muhyiddin Yassin said the government may consider extending movement restrictions by up to two weeks, and would announce more economic stimulus to soften the blow from the coronavirus and weak oil prices.
(From Reuters - World News, on 2020-03-23 08:42)
Indonesia reported 65 new positive cases of coronavirus disease on Monday, bringing the total number of cases in Southeast Asia’s largest economy to 579, Health Ministry official Achmad Yurianto told reporters.
(From Reuters - World News, on 2020-03-23 08:56)
Even before the coronavirus outbreak, Shell faced weaker revenue because of slowing demand for petrochemicals, which led it to slow its $25 billion three-year share buyback program late last year.
(From Reuters - Business, on 2020-03-23 08:51)
Governments scrambling to defend their own economies against the coronavirus pandemic are being urged to coordinate to ward off a long-term global recession and future waves of infections.
(From CBSNews.com - Health, on 2020-03-23 09:06)
This week will bring fresh data which will likely underline the damage to Asian economies from the outbreak of the virus which originated in China.
(From Independent.ie, on 2020-03-23 08:21)
The coronavirus crisis could cost the German economy between 255 billion and 729 billion euros in 2020, the Ifo economic institute said on Monday.
(From Reuters - World News, on 2020-03-23 07:59)
Prime Minister Mikhail Mishustin's cabinet plans to unveil a slew of new economic and regulatory measures to reduce the coronavirus' impact on Wednesday, including creating an anti-crisis fund of 300 billion rubles ($4.05 billion) to support Russian citizens and the Russian economy and compensating quarantined citizens, including freelancers and the self-employed, for lost income.
(From The Moscow Times, on 2020-03-23 07:08)
Acting at a time when the coronavirus outbreak has ramped up uncertainty for many industries, the company said it will spend the remaining 2.5 trillion yen on debt redemptions, bond buybacks and increasing its cash reserves.
(From News 1130 (Vancouver), on 2020-03-23 08:43)
Statements from 23 March 2020, at 12:37AM EST
Coronavirus raise spectre of depression for US economy as business activity halts
(From Straits Times - Business, on 2020-03-23 02:29)
Proposed trillion-dollar coronavirus stimulus bill blocked by Senate Democrats
(From The NY Post, on 2020-03-23 01:42)
Trump Wouldn’t Rule Out Sending Coronavirus Stimulus Cash to His Own Properties
(From Mother Jones, on 2020-03-23 00:52)
Economists at TD Securities expect we’ll see an unprecedented increase in US initial jobless claims this week, providing an indication as to what’s likely to be seen in other advanced economies currently rolling out measures to stop the spread of the coronavirus, including in Australia.
(From The Sydney Morning Herald - Business, on 2020-03-22 21:43)
Policymakers around the world are scrambling to cut interest rates and roll out fiscal stimulus, as severe restrictions on personal movement aimed at curbing the spread of the coronavirus slow the global economy.
(From Straits Times - Business, on 2020-03-23 00:09)
In a blog posted on LinkedIn on Sunday, David Malpass said funding for the projects could come out of a $14 billion Fast Track Facility (FTF) approved last week to help countries deal with the health and economic impact of the coronavirus.
(From Reuters - World News, on 2020-03-22 21:30)
Treasury’s power over $500 billion loan program becomes key sticking point in coronavirus aid bill
(From Washington Post - Business, on 2020-03-22 08:24)
As the coronavirus pandemic takes a rapidly increasing toll on the health and well-being of people around the world – as well as the global economy and social fabric more broadly – Taiwan has won widespread recognition for its impressive performance in dealing with the crisis.
(From Channel News Asia - Latest News, on 2020-03-22 22:20)
A new stimulus package aimed at propping up wages and keeping businesses open could be delivered within days as a major international economic body calls for a new global "Marshall Plan" to drive the recovery from the coronavirus.
(From The Sydney Morning Herald - Business, on 2020-03-22 21:43)
Achieving that goal now looks less likely as lawmakers and the White House spar over restrictions on a $500 billion fund that will be used to rescue businesses in danger of failure due to coronavirus-related losses.
(From Quartz, on 2020-03-22 20:56)
Mr Chen said that while downward pressure on the global economy is increasing as the virus rattles financial markets, he expects significant improvement in the Chinese economy in the second quarter.
(From Straits Times - Business, on 2020-03-22 21:00)
The coronavirus outbreak will cause many countries to rethink the level of globalisation and interdependency they are comfortable with, but trying to reverse time and return to closed economies is unrealistic, said Prime Minister Lee Hsien Loong.
(From Straits Times - Politics, on 2020-03-22 21:00)
Top-level negotiations between Congress and the White House teetered Sunday on a nearly $1.4 trillion economic rescue package, as the coronavirus crisis deepened and President Donald Trump called for a deal to steady a shuttered nation.
(From FOX2now, on 2020-03-22 18:05)
Ocasio-Cortez said she believes the stimulus package that’s currently on the table comes up short for many Americans, and that she is “very supportive”of a plan that would send out $2,000 this month to every adult in the country along with $1,000 to every child.
(From Market Watch - Top Stories, on 2020-03-22 18:39)
Meanwhile, Nancy Pelosi said Sunday that House Democrats plan to write their own coronavirus stimulus bill, which could throw sand in the congressional gears on a rescue package.
(From Market Watch - Top Stories, on 2020-03-22 18:39)
Richard Pollack, the president and CEO of the American Hospital Association, said the health care industry needs at least $100 billion to continue to respond to the coronavirus crisis.
(From CBSNews.com - USA, on 2020-03-22 20:00)
The bill includes an additional $242 billion in additional emergency funds to fight the virus and shore up for safety net programs.
(From The Seattle Times, on 2020-03-22 18:51)
Statements from 22 March 2020, at 4:12PM EST
Australia takes stimulus to 10% of GDP and orders closures to combat coronavirus
(From Reuters - World News, on 2020-03-22 12:58)
Thailand plans $3 billion liquidity support fund amid coronavirus outbreak
(From Reuters - Health, on 2020-03-22 09:11)
House Speaker Nancy Pelosi says there is 'no deal' on coronavirus stimulus package - updates
(From Detroit Free Press, on 2020-03-22 16:56)
Senate moving forward on nearly $2 trillion coronavirus stimulus bill
(From CBSNews.com - Moneywatch, on 2020-03-22 17:05)
US lines up multi-trillion dollar coronavirus aid packages
(From Bangkok Post - World, on 2020-03-22 16:45)
Fight over $500 billion corporate loan funding holds up coronavirus stimulus
(From The Hill - All News, on 2020-03-22 15:55)
“Especially against the background of the Coronavirus pandemic, it is alarming to recall that 3 billion people worldwide lack basic handwashing facilities.
(From World Meteorological Organization, on 2020-03-22 20:07)
$1.4 trillion coronavirus rescue package teeters in Congress, though Treasury Secretary Steven Mnuchin says ‘it will get done’
(From Chicago Tribune - World, on 2020-03-22 16:05)
This news comes as Prime Minister Justin Trudeau updated the country Sunday on the federal efforts to contain the spread of Coronavirus and deal with the effects it is having on society and the economy.
(From 660 News (Calgary), on 2020-03-22 15:21)
The governors were speaking via video conference about how to implement measures to ease the impact that the virus has had on economies in the Arabian Gulf.
(From Al Arabiya English - Home Page, on 2020-03-22 15:13)
An enormous stimulus bill aimed at shielding the economy from the battering ram of the coronavirus was in limbo Sunday morning on Capitol Hill as bipartisan congressional leaders met with Treasury Secretary Steven Mnuchin to determine a path forward.
(From Washington Post - Politics, on 2020-03-22 15:07)
The former top economist to President Obama is warning the coronavirus pandemic could throw the economy into a tailspin that's significantly worse than the financial disaster in 2008 — and believes its almost certainly in recession already.
(From Business Insider, on 2020-03-22 15:07)
Statements from 22 March 2020, at 11:53AM EST
Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: Mnuchin
(From Reuters - U.S., on 2020-03-22 14:19)
UAE approves additional $4.36 bln for coronavirus economic stimulus package
(From AlArabiya.net, on 2020-03-22 13:57)
Japan considers ¥30 trillion stimulus to fight coronavirus outbreak
(From Japan Times - Top Stories, on 2020-03-22 21:03)
The Covid-19 outbreak could cost the Government up to €15 billion, writes the Business Post, as it weighs more support for workers and businesses and faces sharply higher health service costs.
(From Irish Times - Business, on 2020-03-22 11:23)
The Week in Business: Throwing Billions at the Coronavirus
(From NY Times - Business News, on 2020-03-22 11:00)
An economy that seizes up entirely could, in theory, produce nearly as much suffering as the virus itself, particularly for the most vulnerable among us.
(From The New Yorker, on 2020-03-22 10:00)
Corporate winners and losers in the new coronavirus economy
(From Japan Times - Top Stories, on 2020-03-22 17:27)
The second phase will be stimulus as we traditionally think of it: A big influx of public spending and investment to kickstart economic activity again once the virus has been dealt with.
(From The Week, on 2020-03-22 10:30)
Reflecting the coronavirus challenge, the Italian government last week announced a €25 billion (Dh98.8 billion) stimulus package, a similar size to that the European Union announced for the entire 27-nation bloc the same day.
(From Gulf News - Opinion, on 2020-03-22 09:25)
Yet, early forecasts indicate that the economy could shrink dramatically not just in the first quarter, but also the second too, and declining business confidence was showcased in the losses on Milan’s stock exchange as investors fret over the cost of the coronavirus lockdown.
(From Gulf News - Opinion, on 2020-03-22 09:25)
Thailand on Sunday introduced measures that include a liquidity support fund worth 70 billion to 100 billion baht to reduce risk in the debt market amid the spread of the coronavirus outbreak.
(From Bangkok Post - Business, on 2020-03-22 10:50)
To mitigate the impact of coronavirus outbreak on the economy, India Inc has sought a host of measures, including a year-long moratorium by banks on debt repayment, tax cuts and fiscal stimulus amounting to Rs 2 lakh crore to needy citizens through Aadhaar-based direct benefit transfer.
(From News18 - Business, on 2020-03-21 22:36)
Coronavirus: Australia deploys $56b to support economy, pledges yet more stimulus
(From Straits Times - Business, on 2020-03-22 08:04)
The US closed in on a deal for an aid package to boost the virus-battered economy by $2 trillion.
(From Bangkok Post - Top Stories, on 2020-03-22 10:27)
Statements from 21 March 2020, at 10:43PM EST
Brisbane Lord Mayor Adrian Schrinner will put forward more than $350 million in projects for consideration by the federal government to strengthen the economy amid the coronavirus pandemic.
(From The Sydney Morning Herald - National, on 2020-03-22 00:17)
In McKinsey’s newest survey on economic conditions, conducted during the first week of March, the coronavirus outbreak overshadowed all other threats to the global economy.
(From McKinsey, on 2020-03-20 00:00)
Administration and congressional leaders raced on Saturday to reach agreement on a more than $1-trillion stimulus plan for an economy reeling from pandemic-related closures and job losses, as Vice President Mike Pence and his wife tested negative for the coronavirus after a member of his White House staff proved to be infected.
(From LA Times - World, on 2020-03-22 00:56)
Prime Minister Scott Morrison has revealed another $66 billion in spending to help the Australian economy through the coronavirus pandemic.
(From The Sydney Morning Herald - Federal Politics, on 2020-03-22 00:39)
The government's unprecedented stimulus package will give Australians early access to $20,000 from their superannuation if they face financial hardship due to the coronavirus pandemic.
(From The Sydney Morning Herald - Federal Politics, on 2020-03-22 00:39)
Drawing parallels to a war economy, he said his government was working on plans to produce in Spain the equipment needed to battle coronavirus, such as masks.
(From Reuters - Health, on 2020-03-21 22:52)
Britain's government will pay a massive share of private sector wage bills to discourage bosses from firing staff as it resorts to war-time levels of borrowing to prop up the economy during its coronavirus shutdown.
(From The Daily Star - World, on 2020-03-21 18:00)
Singapore's second stimulus package is expected to be a hefty one, and could be more than double the initial $6.4 billion set aside last month to cushion the economic blow from the coronavirus outbreak.
(From Straits Times - Business, on 2020-03-21 21:00)
Nearly one in four Americans were under orders to close up shop and stay at home on Saturday, as lawmakers in Washington neared a deal that could pump a record $1 trillion into the economy to limit the economic damage from the coronavirus.
(From Reuters - Top News, on 2020-03-21 20:44)
Also Saturday, the National Retail Federation, the nation’s largest retail trade group, sent a letter to the White House stating that retailers and their vendors are losing tens of billions of dollars every week due to the virus outbreak.
(From The Mercury News, on 2020-03-21 19:49)
Statements from 21 March 2020, at 6:20PM EST
Democrats asked for $750B in state stabilization funds in coronavirus stimulus
(From The Hill - All News, on 2020-03-21 19:59)
In an attempt to incentivize production, the US Department of Health and Human Services—which says it will buy half a billion N95 masks over the next 18 months—has promised to pick up the cost for any excess face masks manufacturers might have left over once the coronavirus outbreak subsides.
(From Quartz, on 2020-03-21 19:20)
Restrictions on movement are being eased gradually in China as it tries to restart the economy without bringing back the disease.
(From TIME, on 2020-03-21 18:46)
Senate negotiators are very close to a deal to provide at least $350 billion to small businesses around the country amid fallout over the coronavirus outbreak, which would be $100 billion more than what the Trump administration proposed earlier this week.
(From The Hill - All News, on 2020-03-21 18:03)
“And if you give us the tools to fight this virus, we will take it down and our economy will come back stronger than ever before.” Ford also encouraged manufacturers to implement social distancing policies within their workplaces as much as possible.
(From Global News, on 2020-03-21 18:30)
Billions of dollars have flowed into startup investing this decade, but the era appears to be closing with the coronavirus pandemic.
(From TechCrunch, on 2020-03-21 18:00)
The new coronavirus economy: A ‘gigantic experiment’ reshaping how we work and live
(From Washington Post - Business, on 2020-03-21 06:40)
Germany is readying an emergency budget worth more than 150 billion euros ($160 billion) to shore up jobs and businesses at risk from the economic impact of the coronavirus outbreak, the finance minister said on Saturday.
(From Reuters - U.S., on 2020-03-21 17:56)
But confirmed infections have started to accelerate, with more than 830 across Africa, according to a Reuters tally, and concerns are growing about its ability to handle a surge in cases without the depth of medical facilities available in more developed economies.
(From Reuters - Top News, on 2020-03-21 14:43)
U.S. coronavirus stimulus to be worth 'north of $2 trillion': White House aide
(From Reuters - Top News, on 2020-03-21 16:20)
Coronavirus rescue bill could inject more than $2 trillion into U.S. economy, top White House adviser says
(From Washington Post - Politics, on 2020-03-21 17:32)
Berlin to drop fiscal restraints to save economy from the damage of the pandemic Germany may to authorize more than €350bn in new debt — equivalent to nearly 10 per cent of its gross domestic product — to pay for a slew of emergency measures designed to save its economy from the brutal effects of the coronavirus pandemic, the London Financial Times reported Saturday.
(From Market Watch - Top Stories, on 2020-03-21 14:52)
The outbreak has prompted accusations that authorities there acted too slowly out of a fear of harming the local tourist economy.
(From Politico - Health Care, on 2020-03-21 17:34)
Coronavirus live updates: Stimulus may exceed $2 trillion, FEMA aid approved for NY
(From ABC News - Top Stories, on 2020-03-21 17:24)
The bipartisan novel coronavirus economic relief package initially planned to cost around $1 trillion may expand to more than $2 trillion, according to Larry Kudlow, the White House's top economic adviser.
(From ABC News - Top Stories, on 2020-03-21 17:24)
Statements from 21 March 2020, at 1:30PM EST
Coronavirus: Nearly one billion people confined to homes globally
(From Gulf News - Top Stories, on 2020-03-21 14:13)
EU backs France's €300 billion in aid to businesses hurt by virus
(From France24 (English), on 2020-03-21 13:52)
The coronavirus pandemic presents an unprecedented challenge to the world’s nations: Choose between economy and health
(From Business Insider Singapore, on 2020-03-21 12:23)
The mayor’s office said city services that support development “are continuing to operate.” “Construction is essential to the economy,” Garcetti’s spokesman, Alex Comisar, said in an email.
(From LA Times - Business, on 2020-03-21 13:00)
Trump has already signed two coronavirus stimulus packages that combined cost over $100 billion.
(From The Hill - All News, on 2020-03-21 11:39)
Another sticking point that emerged on Friday was a Democratic request for stabilization funds, which states could fall back on if their economy worsens due to the coronavirus.
(From The Hill - All News, on 2020-03-21 13:02)
The S&P 500 plunged deeper into bear market territory last week as the COVID-19 outbreak shut down many parts of the American economy.
(From Detroit Free Press, on 2020-03-21 11:00)
UBS sees a "massive contraction" occurring in the US economy in the second quarter of 2020 and a deep recession in the first half of the year due to the coronavirus pandemic, according to a Thursday note.
(From Business Insider, on 2020-03-21 12:03)
The American Hospital Association responded Thursday by asking Congress for $100 billion for all hospitals to offset coronavirus costs, citing rural hospitals’ inability to withstand huge losses for long.
(From Kaiser Health News, on 2020-03-21 10:00)
Restrictions on movement are being eased gradually in China as it tries to restart the economy without bringing back the disease.
(From Global News, on 2020-03-21 10:58)
According to a report from the International Air Transport Association, as of March 11, this decrease in demand has led African airlines to record a loss of up to $4.4 billion in revenue since the virus began to spread.
(From Brookings, on 2020-03-21 11:30)
The most powerful weapon the Fed can bring to bear is "an emergency lending program" that will keep businesses from going under and households from going broke "as long as the virus is affecting the economy."
(From The Week, on 2020-03-21 09:55)
Analysts have slashed forecasts for China's first-quarter gross domestic product to levels not seen since the Cultural Revolution ended in 1976, with all sectors of the economy hammered by the coronavirus outbreak this year.
(From News18 - World News, on 2020-03-20 22:29)
On March 14, the Central Bank announced a Dh100 billion ($27.2 billion) “Targeted Economic Support Scheme” and other measures to reduce the economic effects of the coronavirus pandemic.
(From Gulf News - Business, on 2020-03-21 08:55)
The bill will be enormous and it may take years to pay it.” For one thing, the Department of Health will receive in excess of €2 billion from the exchequer to deal with the coronavirus crisis, part of a fiscal cost that could reach €10 billion, insiders said.
(From Irish Times - Business, on 2020-03-21 08:04)
Statements from 20 March 2020, at 7:23PM EST
Coronavirus and Politicians vs. the Economy
(From Cato Institute @ Liberty, on 2020-03-20 17:57)
U.S. Movie Theater Owners Urge Passage of Stimulus Legislation for Coronavirus Relief
(From Variety, on 2020-03-20 19:07)
Saudi Arabia implements urgent measures to mitigate impact of coronavirus on economy
(From Gulf News - Business, on 2020-03-20 16:59)
Britain said it was taking the unprecedented step of helping to pay workers' wages in an attempt to prevent a surge in unemployment as companies grapple with the near shutdown of the economy due to the coronavirus outbreak.
(From Channel News Asia - Latest News, on 2020-03-20 18:21)
Advisor on Finance Abdul Hafeez Shaikh said the government is working on a joint strategy to bring a stimulus package for industries affected by the coronavirus outbreak.
(From News18 - World News, on 2020-03-20 05:54)
US senators began critical negotiations over a US$1 trillion (S$1.4 trillion) emergency stimulus package to help Americans ravaged by the coronavirus, with Republicans seeking rapid passage while Democrats push for stronger worker protections.
(From Straits Times - Business, on 2020-03-20 17:52)
Because they all have two curves to worry about: The speed at which the virus is being transmitted, and the speed at which their states' economies are either winding down or plunging off a cliff.
(From Detroit Free Press, on 2020-03-20 18:19)
U.S. states seek $150 billion in emergency federal coronavirus aid
(From Reuters - U.S., on 2020-03-20 14:46)
Prior to the coronavirus relief bill signed by Trump on Wednesday, Sanders had proposed an even larger $2 trillion relief package that included an immediate Medicare expansion to cover all health costs, and monthly payments of $2,000 to every adult during the duration of the crisis.
(From The New Republic, on 2020-03-20 18:08)
Italy, the country currently suffering the most from the outbreak, approved a wide-reaching, 25-billion euro stimulus measure on Wednesday.
(From Business Insider, on 2020-03-20 17:44)
Robert Kadlec, an assistant secretary at the Department of Health and Human Services, said at a recent Senate hearing that the US could need 3.5 billion N95s during a serious pandemic, the paper reported.
(From The NY Post, on 2020-03-20 17:36)
Swiss announce US$32.6 billion aid deal as virus puts nation's 'back against wall'
(From Channel News Asia - Latest News, on 2020-03-20 16:27)
$208 billion in loans: The bill includes loans for industries affected by the virus.
(From The Hill - All News, on 2020-03-20 16:54)
Statements from 20 March 2020, at 5:28PM EST
The coronavirus that now poses a dire threat to public health and to the world economy is so dangerous partly because it is novel—a new harm that our bodies and our governments must learn to face.
(From TIME, on 2020-03-20 15:55)
Since the COVID-19 outbreak, 3M has doubled its global output of N95 respirators to an annual rate of over 1.1 billion per year, or nearly 100 million per month.
(From Business Wire Health News, on 2020-03-20 16:12)
Coronavirus is hurting every sector of Michigan's economy
(From Detroit Free Press, on 2020-03-20 15:41)
The coronavirus' suckerpunch to the global economy has prompted Moody's rating agency to review its corporate ratings, the agency told Reuters this week, with a slew of downgrades or downgrade warnings on the cards.
(From Channel News Asia - Business, on 2020-03-20 15:35)
An already dire situation is set to get even worse as the new coronavirus puts the brakes on travel and sends the lodging industry into a tailspin, unleashing ripple effects across the economy.
(From Chicago Tribune - Business, on 2020-03-20 13:14)
Calling on real-world data from over 21 billion page views across over 1,400 sites, the research identifies the sectors most impacted by the coronavirus and resulting self-isolation.
(From Business Wire Communications News, on 2020-03-20 14:29)
The Federal Reserve slashed interest rates a full percentage point to near-zero to prop up the economy amid the coronavirus outbreak.
(From CNET, on 2020-03-20 14:59)
The initial $8.3 billion coronavirus response package President Donald Trump signed into law March 6 allocated $40 million to help support American Indian care providers.
(From Politico - Health Care, on 2020-03-20 14:14)
China's cabinet has unveiled more steps to support jobs as the world's second-largest economy is expected to shrink for the first time in four decades because of the coronavirus outbreak.
(From News18 - World News, on 2020-03-20 02:31)
Sri Lanka imposed a nationwide weekend curfew on Friday as South Asian countries escalated efforts to check the spread of coronavirus across the densely populated region of 1.9 billion people.
(From News18 - World News, on 2020-03-20 02:49)
Solomon Lew calls for "direct payments" as part of virus stimulus
(From The Sydney Morning Herald - Business, on 2020-03-19 22:25)
AT&T Scraps $4 Billion Accelerated Share Repurchase Plan Amid Coronavirus Crisis
(From The Wrap, on 2020-03-20 13:32)
Ibec has called on the Government to provide up to €4 billion in income supports to households who have lost their regular income as a result of the coronavirus.
(From Irish Times - Business, on 2020-03-20 12:28)
Norway on Thursday said it would will back airlines with credit guarantees worth up to 6 billion Norwegian crowns (US$537 million) to weather the coronavirus crisis.
(From Channel News Asia - Business, on 2020-03-20 12:40)
With its population of 1.3 billion people, poverty, inadequate public health and infrastructure, India presents a perfect storm situation if the virus spreads on a mass scale.
(From France24 (English), on 2020-03-20 11:47)
'Central banks are on their A-game': Stocks, oil, and bitcoin rally as stimulus efforts temper coronavirus fears
(From Business Insider, on 2020-03-20 10:24)
European shares jumped for a second straight session on Friday, as a wave of fiscal and monetary stimulus tempted investors back into equity markets after days of selling on signs the world was headed into a deep, coronavirus-driven recession.
(From Irish Times - Business, on 2020-03-20 07:46)
Senate Majority Leader Mitch McConnell on Thursday unveiled a historic stimulus package that includes direct payments of $1,200 to individuals and assistance to businesses to deal with the health and economic harm from the novel coronavirus.
(From USA Today - National Top Stories, on 2020-03-20 09:36)
Asian stock markets rose Friday after Wall Street gained on hopes government and central bank action can shield the world economy from a looming recession caused by the coronavirus.
(From USA Today - National Top Stories, on 2020-03-20 09:36)
South Korea's economy, Asia's fourth-largest, is bracing for the spread of the novel coronavirus with industries ranging from retail to airlines hit hard, as citizens avoid going out and exports are widely expected to face a slump amid the fast spread of COVID-19 around the globe.
(From Yonhap News Agency, on 2034-01-05 00:00)
On Thursday, South Korea and the United States signed a US$60 billion bilateral currency swap agreement, a move expected to relieve the liquidity crunch caused by the global spread of the new coronavirus.
(From Yonhap News Agency, on 2034-01-05 00:00)
A type of private insurance used by wealthy business owners to cover unlikely risks that has been challenged by the Internal Revenue Service is proving to be beneficial as the coronavirus pandemic shuts down local economies.
(From NY Times - Business News, on 2020-03-20 09:00)
In India’s coronavirus-hit economy, on-demand startups have it the worst
(From Quartz, on 2020-03-20 08:04)
As the global economy is entering a recession following the global coronavirus pandemic, business activity grinds toward a halt worldwide.
(From Private Equity Wire, on 2020-03-20 08:30)
The recently renamed Newstart allowance will be ramped up and the federal government will offer family tax benefits and rent assistance as the coronavirus slams the economy and forces employers to cut staff.
(From The Sydney Morning Herald - Latest News, on 2020-03-20 08:27)
The esports market worldwide is on track to surpass $1.5 billion in revenue by 2023, and some sporting codes across the world are realising how esports can help in the age of coronavirus.
(From The Sydney Morning Herald - Latest News, on 2020-03-20 08:30)
It will now be at least 18 months before the government delivers a full budget. The government will also lift the debt ceiling from $600 billion to $850 billion in a move it says will ensure "it has the capacity to deal with the ongoing economic impact of the coronavirus".
(From The Sydney Morning Herald - Latest News, on 2020-03-20 08:45)
Taiwan is rolling out a NT$60 billion stimulus package to help soften the economic impact of the virus and President Tsai Ing-wen has said a further NT$40 billion is available.
(From Channel News Asia - Latest News, on 2020-03-20 09:57)
Alfredo Coutiño of Moody’s Analytics said Mexico’s markets “are now realizing that the country is facing a higher risk of contamination by the coronavirus” with the Mexican economy already weak.
(From TIME, on 2020-03-20 10:12)
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.
(From Channel News Asia - Business, on 2020-03-20 09:50)
Trump Administration Seeks $46 Billion For Agencies To Deal With The Coronavirus
(From NPR News, on 2020-03-20 09:00)
The Pentagon would receive $8.3 billion "to mitigate the risk of COVID-19 to United States servicemembers, their dependents, and DOD civilians; minimize the impacts of the virus on strategic mission readiness; and support national response efforts.
(From NPR News, on 2020-03-20 09:00)
An 18-month timeline is already breakneck speed for bringing a vaccine for a novel virus on line; the world economy can't be held at a standstill that long.
(From The Week, on 2020-03-20 10:00)
ACLA President Julie Khani pressed congressional leaders in a Wednesday letter to establish an “emergency laboratory surge capacity fund of $5 billion” to help labs cover coronavirus testing costs like child care for lab workers and products in short supply, such as swabs and personal protective equipment.
(From Politico - Health Care, on 2020-03-20 08:30)
“The coronavirus is a disaster for the Dutch flower industry … 85% of the turnover at our marketplace … is gone,” said Michel van Schie, press officer at Royal FloraHolland, a co-operative of growers that trades some 12 billion plants and flowers each year.
(From 660 News (Calgary), on 2020-03-20 09:05)
Africa's most industrialized economy has the highest number of confirmed cases of the virus in sub-Saharan Africa.
(From ABC News - Top Stories, on 2020-03-20 08:59)
Statements from 19 March 2020, at 11:29PM EST
Nationwide changes needed to make election coronavirus-ready could cost $2 billion: study
(From The Hill - All News, on 2020-03-20 01:21)
Boeing is seeking at least $60 billion in federal support for the aerospace industry as the grounding of much of the global airline fleet due to coronavirus obliterates nearly term demand for commercial planes.
(From Bangkok Post - World, on 2020-03-20 00:45)
FTI chairman Supant Mongkolsuthree said Thailand's economy and businesses have been affected by many pressures, primarily the Covid-19 outbreak.
(From Bangkok Post - Business, on 2020-03-19 21:00)
Asean and China are also committed to reducing the adverse impact of the coronavirus on the regional economy and social development.
(From Bangkok Post - Opinion, on 2020-03-19 21:00)
Australia will within days unveil a second stimulus package designed to shelter its economy from the impact of the coronavirus, two sources familiar with the government’s plan told Reuters on Friday.
(From Reuters - World News, on 2020-03-20 00:18)
Global economy already in recession on coronavirus devastation
(From Straits Times - Business, on 2020-03-20 00:22)
The global economy is already in a recession as the hit to economic activity from the coronavirus pandemic has become more widespread, according to economists polled by Reuters amid a raft of central bank stimulus actions this week.
(From Straits Times - Business, on 2020-03-20 00:22)
Sources told Reuters China was set to unleash trillions of yuan of fiscal stimulus to revive an economy facing its first contraction in four decades.
(From Straits Times - Business, on 2020-03-20 01:04)
According to the IPSE, prior to the coronavirus outbreak, self-employed people contributed £305bn to the British economy.
(From BBC News - Business, on 2020-03-20 00:00)
It would provide $50 billion for passenger airlines, $8 billion for cargo air carriers and up to $150 billion for other “eligible entities.” The aid is set aside for companies “that have incurred losses as a direct result of the coronavirus global pandemic” to stay in business.
(From The Hill - All News, on 2020-03-19 23:27)
In a related development, Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce, said Thailand is estimated to lose about 240 billion baht a month or 8 billion baht per day if the government decides to lock down the country to curb the spread of the virus.
(From Bangkok Post - Top Stories, on 2020-03-19 21:01)
Statements from 19 March 2020, at 8:45PM EST
Amid the crisis caused by worries about how badly the coronavirus pandemic will hit the world economy, investors and companies around the world have been scrambling to get their hands on the market’s most liquid currency.
(From Reuters - Business, on 2020-03-19 20:47)
More African countries closed their borders Thursday as the coronavirus’ local spread threatened to turn the continent of 1.3 billion people into an alarming new front for the pandemic.
(From ABC News - Top Stories, on 2020-03-19 20:48)
Italy braced on March 19, 2020 for an extended lockdown that could see the economy suffer its biggest shock since World War II from a pandemic that has killed almost as many people as it has in China.
(From The Mercury News, on 2020-03-19 21:51)
The franchise industry, through the International Franchise Association on Thursday asked for the creation of a $300 billion fund to provide liquidity to franchises struggling through the coronavirus pandemic and the manufacturing industry, through NAM, asked for the creation of a $1.4 trillion fund for loans to provide liquidity to manufacturers and small businesses.
(From The Hill - All Business, on 2020-03-19 21:00)
Shops closed across Turkey on Thursday to help halt the coronavirus spread, dimming the economy’s prospects and raising questions for hundreds of thousands of workers after Ankara pledged $15 billion in support and advised Turks to stay home.
(From Reuters - World News, on 2020-03-19 21:37)
Clothing retailers shuttered and malls, with some 530,000 employees and annual turnover of $160 billion, were set to follow suit after Turkey announced cases of the virus had nearly doubled to 191 including a second death.
(From Reuters - World News, on 2020-03-19 21:37)
It comes as New Zealand's central bank announced emergency measures on Friday including term loans to banks, intervention in markets and an agreement with the US Federal Reserve to access up to $US30 billion ($52 billion) to support the economy from the impact of coronavirus.
(From The Sydney Morning Herald - Latest News, on 2020-03-19 20:14)
The central bank said the coronavirus outbreak posed "exceptionally large" social and economic challenges for Switzerland and that the outlook for the wealthy Alpine country and the global economy had "worsened markedly".
(From The Daily Star - Business, on 2020-03-19 18:00)
Saudi Arabia will trim this year's budget by around five percent, the finance minister said, in its first austerity measure as the economy reels from the fast-spreading coronavirus and crashing oil prices.
(From The Daily Star - Business, on 2020-03-19 18:00)
Gavin Newsom on Thursday asked Congress for $1 billion in federal funds to support the state’s medical response to the novel coronavirus, which he expects will infect more than half of all Californians.
(From LA Times - California, on 2020-03-19 22:00)
“In addition to reminding residents to follow the City’s public health guidance, the Mayor will provide specific ways the City will be protecting vulnerable populations and supporting our local economy, specifically the local businesses and employees most impacted by the economic ramifications of COVID-19,” the mayor’s office said in a statement.
(From Chicago Tribune - Politics, on 2020-03-19 21:29)
Statements from 19 March 2020, at 5:14PM EST
Coronavirus: World's richest spend US$1 billion on 'bargains of a lifetime'
(From Straits Times - Business, on 2020-03-19 17:01)
Investor Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, told CNBC on Thursday (March 19) he estimates the coronavirus pandemic will cost American businesses as much as $4 trillion.
(From PYMNTS.com, on 2020-03-19 15:50)
Uber says a coronavirus worst-case scenario could cost it up to $6 billion and rides could slump as much as 80%
(From Business Insider, on 2020-03-19 16:09)
The outbreak threatens to plunge Congress into chaos and delay an emergency $1.3 trillion coronavirus bailout which is being negotiated in the Senate.
(From The NY Post, on 2020-03-19 16:09)
Amid the coronavirus outbreak that has touched every corner of the economy, weekly unemployment claims spiked 33% nationwide — and even more so in California.
(From The Mercury News, on 2020-03-19 16:25)
The airline industry, through Airlines for America, requested $50 billion in the form of grants, loans and tax relief to weather the coronavirus downturn.
(From The Hill - All Business, on 2020-03-19 14:21)
The National Association of Manufacturers (NAM) is asking the federal government to create a $1.4 trillion fund in loans to provide liquidity to manufacturers and small businesses struggling through the coronavirus pandemic.
(From The Hill - All Business, on 2020-03-19 14:48)
ECB president Christine Lagarde overruled objections from Germany and the Netherlands to adopt a historic “no-limits” commitment to shore up the region’s economy in the face of the coronavirus meltdown, three sources told Reuters.
(From Irish Times - Business, on 2020-03-19 16:29)
As the coronavirus produces gaping holes in the balance sheets of companies throughout the economy, President Trump has given numerous indications that he considers the cruise industry a prime candidate for a federal bailout.
(From Cato Institute @ Liberty, on 2020-03-19 15:42)
The government said this week it will provide C$27 billion ($18.6 billion) in direct support to families and businesses affected by the virus.
(From Reuters - World News, on 2020-03-19 15:57)
The United Kingdom put 20,000 military personnel on standby, closed dozens of underground train stations across London and Queen Elizabeth left the city for Windsor Castle as the coronavirus crisis shut down whole swathes of the economy.
(From Reuters - World News, on 2020-03-19 16:05)
Statements from 19 March 2020, at 2:20PM EST
Indian economy 'remarkably unscathed' amid global coronavirus surge: Chinese media
(From Times of India - India News, on 2020-03-19 19:35)
The White House's coronavirus stimulus plan could see every American get two $1,000 checks from the government within nine weeks, Treasury Secretary Steve Mnuchin said Thursday.
(From The Hill - All News, on 2020-03-19 14:27)
The proposal is part of the Senate Democrats $750 billion pitch for the third phase of Congress's coronavirus relief package.
(From The Hill - All News, on 2020-03-19 16:01)
Germany has lifted export bans on medical equipment which were issued earlier this month to avoid shortages of masks, goggles and gloves, the economy ministry said on Thursday as authorities race to contain the spread of the coronavirus.
(From Reuters - Health, on 2020-03-19 15:35)
From Boeing to Tennessee whiskey, coronavirus US bailout requests top US$2 trillion
(From Channel News Asia - Business, on 2020-03-19 15:00)
Abe has said the top priority is to contain COVID-19, the illness caused by the new virus but that the government will take "powerful" steps to put the economy back on a growth path.
(From Kyodo News, on 2020-03-19 15:27)
All international flights barred from landing in India for a week, starting March 22 India's Prime Minister Narendra Modi urged the country's 1.3 billion citizens to stay indoors to protect themselves from the fast-spreading coronavirus, hours after the government announced it was barring all international flights from landing in the country for a week starting March 22.
(From Gulf News - World, on 2020-03-19 15:16)
Senate Majority Leader Mitch McConnell, R-Ky., is expected to release details of a roughly $1 trillion GOP-led coronavirus response bill Thursday with hopes of quickly reaching a final agreement with Democrats as the number of lawmakers in self-quarantine rises.
(From NPR News, on 2020-03-19 15:09)
President Donald Trump on March 18 signed a $100 billion coronavirus relief package, which includes provisions for paid emergency leave and free COVID-19 testing, according to CNBC.
(From Becker's Hospital Review, on 2020-03-19 13:52)
Donald Trump has reportedly clashed with his top scientists over greatly expanding the use of experimental drugs to tackle coronavirus as his administration lobbied Congress to pass a $1 trillion stimulus package.
(From National Post - Top Stories, on 2020-03-19 13:59)
The Bank of England cut interest rates to 0.1% on Thursday, its second emergency rate cut in just over a week, and ramped up its bond-buying program in a fresh attempt to shield Britain’s economy from the coronavirus outbreak.
(From Reuters - Business, on 2020-03-19 15:25)
China was to unleash trillions of yuan of fiscal stimulus and South Korea pledged 50 trillion won ($39 billion).
(From Reuters - Business, on 2020-03-19 15:46)
From Boeing to Tennessee whiskey, coronavirus U.S. bailout requests top $2 trillion
(From Reuters - Business, on 2020-03-19 15:47)
American hotel and travel industry executives met with Trump on Tuesday to discuss a potential $250 billion aid package, as thousands of hotel workers began furloughs due to the coronavirus.
(From Reuters - Business, on 2020-03-19 15:47)
US President Donald Trump is calling for a $1 trillion economic package to respond to the economic fallout of coronavirus, including $500 billion in direct payouts to taxpayers.
(From PRI.org, on 2020-03-19 14:00)
Mnuchin said he also wanted $300 billion to go toward small businesses for “hiring people, keeping people on the payroll."
(From Detroit Free Press, on 2020-03-19 15:40)
The Federal Reserve took another step to ease strains in the financial system as the coronavirus hammers the economy and markets, making loans available to financial institutions that buy assets from stressed money market mutual funds.
(From Detroit Free Press, on 2020-03-19 15:40)
Numerous “gig economy” workers across sectors have been hard hit by the economic impact of the coronavirus pandemic, so the humor may fall flat.
(From Variety, on 2020-03-19 15:00)
Senate Republicans are completing their own proposal for a broad stimulus package aimed at preventing a prolonged economic slowdown related to the coronavirus epidemic.
(From Market Watch - Breaking News, on 2020-03-19 13:34)
Just 2 months of coronavirus shutdown for the NBA, NHL, and MLB could cost America’s major sports leagues $5 billion
(From Business Insider Singapore, on 2020-03-19 13:18)
Bank of England cuts rates again to help economy amid virus
(From 660 News (Calgary), on 2020-03-19 14:48)
Trump has already signed into law a $100 billion-plus bill to boost testing for the coronavirus and guarantee paid sick leave for millions of workers hit by it.
(From 660 News (Calgary), on 2020-03-19 14:59)
Statements from 19 March 2020, at 10:59AM EST
In the most recent debate, both Democratic presidential candidates have declared that American workers who lost work due to the coronavirus should be “made whole.” The Trump administration has coalesced behind a $1 trillion plan to send money to every family in the country, and influential economists are pushing for an expansion of the unemployment-insurance system.
(From Washington Post - Business, on 2020-03-19 10:00)
It said the €750 billion (US$820-billion) programme was temporary and will be halted when the coronavirus crisis is judged to be over "but in any case not before the end of the year".
(From Bangkok Post - Business, on 2020-03-19 07:45)
Federal officials are focusing on the Trump administration’s $1-trillion plan to stabilize a national economy reeling from the impact of the coronavirus outbreak.
(From 660 News (Calgary), on 2020-03-19 08:30)
On March 14, the UAE Central Bank announced that it is pumping in Dh100 billion as stimulus package to offset the slowdown in the economy sett off by the coronavirus outbreak and subsequent drop in business activity.
(From Gulf News - UAE, on 2020-03-19 05:18)
Russia's airlines could lose 100 billion rubles ($1.4 billion) due to the coronavirus outbreak and risk going bankrupt, the head of Russia's Federal Air Transport Agency, also known as Rosaviatsiya, told Interfax.
(From The Moscow Times, on 2020-03-19 06:13)
Washington: US President Donald Trump has signed into law a sweeping multi-billion emergency aid package to help Americans mitigate the adverse economic impact of the fast-spreading coronavirus that has killed over 8,800 people, including nearly 150 in America.
(From News18 - World News, on 2020-03-19 05:27)
ROME - Western powers said they were on a war footing against the coronavirus as they unleashed nearly one trillion dollars to rescue the global economy, with Italy reporting the highest single-day death toll of the pandemic.
(From Bangkok Post - World, on 2020-03-19 05:45)
The coronavirus or the economic recession it’s causing Middle East central banks pledge $47 billion to contain coronavirus fallout
(From AlArabiya.net MRSS for section Business, on 2020-03-17 14:54)
The Sankei newspaper reported on Thursday Japan's ruling coalition was considering an economic package worth more than 30 trillion yen (US$274.6 billion) to deal with the virus fallout.
(From Channel News Asia - Asia, on 2020-03-19 03:47)
The surge raised fears that Italy, where nearly 3,000 people have died of the coronavirus, could become the epicenter of a new financial crisis because of its €2.4 trillion in government debt.
(From NY Times - Business News, on 2020-03-19 01:38)
The bill also provides $1 billion in food aid to the needy and $1 billion in unemployment funds to states as the number of coronavirus cases soared to 7,000 across the country.
(From The NY Post, on 2020-03-19 01:26)
TOKYO — The euro rose against the dollar and the pound on Thursday after the European Central Bank announced a 750 billion euro asset-purchase program in response to the coronavirus outbreak.
(From National Post - Top Stories, on 2020-03-19 00:03)
Federal reserve chairman Jerome Powell said the US budget was on an unsustainable path - before the Trump administration planned its $US1 trillion response to the coronavirus.
(From The Sydney Morning Herald - Latest News, on 2020-03-19 00:57)
Erdogan also said Turkey would postpone debt payments and reduce the tax burden on various sectors as part of a 100 billion lira ($15.4 billion) package of new measures to support the economy and lessen the impact of the coronavirus pandemic.
(From Reuters - Company News, on 2020-03-18 17:10)
Shares of JNK, an energy-heavy bond ETF, plunged Wednesday to lowest level since March 2009 Concerns are mounting as North American oil-field services and drilling companies face a $32 billion wave of debt coming due this year through 2024, a worry even before oil prices collapsed to a nearly two-decade low and the coronavirus outbreak grew into a global pandemic.
(From Market Watch - Top Stories, on 2020-03-18 22:44)
The MTA will borrow $1 billion by the end of the week to bolster its bottom line as the coronavirus wreaks havoc on fare revenue, officials said Wednesday.
(From The NY Post, on 2020-03-18 23:15)
City Comptroller Scott Stringer projects the virus’ hit — particularly on the entertainment, restaurant, hotel and tourism industries — will mean $3.2 billion less in city tax revenue just through October.
(From The NY Post, on 2020-03-18 23:34)
“I’m dealing with a f—ing global crisis,” the Vermont senator, back on Capitol Hill to vote on the $1 trillion Coronavirus bailout package, blew up at a veteran CNN reporter when pressed on the future of his White House bid after being thumped by Joe Biden in Tuesday night’s primaries.
(From The NY Post, on 2020-03-18 23:37)
S&P Global Ratings estimates the virus outbreak will add 5.6 trillion yuan ($800 billion) in nonperforming bank loans.
(From Foreign Policy, on 2020-03-18 23:00)
Statements from 18 March 2020, at 11:39PM EST
Now, the GOP leader is keeping a tight grip on the formation of a third coronavirus package that could top $1 trillion amid growing concerns that the spread of the virus could bludgeon the economy.
(From The Hill - All News, on 2020-03-18 21:53)
All told, between several legislative packages advanced on Capitol Hill and other actions the government has taken, the White House is pushing an economic plan that is “over $2 trillion and counting” to try and arrest the coronavirus’s economic wrecking ball, a senior administration officials said.
(From Washington Post - Business, on 2020-03-18 10:05)
In a note to clients, Mr Douglass said the impact of the deadly coronavirus was a "fast-moving and fluid" situation as Australia's dollar plummets below 60 cents and the ASX continues to fall, having lost more than $665 billion in value so far over the past four weeks.
(From The Sydney Morning Herald - Latest News, on 2020-03-18 22:10)
Erdogan also said Turkey would postpone debt payments and reduce the tax burden on various sectors as part of a 100 billion lira ($15.4 billion) package of new measures to support the economy and lessen the impact of the coronavirus pandemic.
(From Reuters - Company News, on 2020-03-18 21:09)
New York City's subway ridership fell 60% because of the coronavirus. Now the agency in charge of the trains says it needs a $4 billion bailout.
(From Business Insider, on 2020-03-18 20:53)
The government said Wednesday there have been 151 positive cases and three deaths from the virus in India, the world’s second-most populous country with 1.3 billion people.
(From Gulf News - World, on 2020-03-18 19:50)
Based on dialogues with member countries and peer institutions, the ADB has deployed this $6.5 billion rescue package to help its members recover from the coronavirus outbreak.
(From The Daily Star - Business, on 2020-03-18 18:00)
Facebook is combating the spread of coronavirus misinformation with accurate information from health organizations by putting the latest news and updatesabout the pandemic at the top of the news feeds of its more than 2.5 billion users, CEO Mark Zuckerberg said Wednesday.
(From USA Today - Tech Top Stories, on 2020-03-18 19:40)
Census officials, who said they have a nearly $2 billion contingency fund, set up a task force to monitor the outbreak and planned to follow guidelines set by health officials to respond and train their workers.
(From USA Today - National Top Stories, on 2020-03-18 19:27)
The US Senate on Wednesday passed legislation providing more than $100 billion to confront the coronavirus outbreak by financing free testing for the virus, expanded paid sick leave, additional food aid and other urgently needed steps.
(From Irish Times - Top Stories, on 2020-03-18 07:38)
The massive cuts at Meyer&aposs restaurant group symbolize the impending downturn of the restaurant industry in the wake of the coronavirus outbreak — The New York Times reported that US restaurants could suffer a $225 billion loss in the next three months alone because of it.
(From Business Insider, on 2020-03-18 18:55)
Factbox: Highlights of Canada's C$27 billion aid to fight coronavirus outbreak
(From Reuters - World News, on 2020-03-18 18:11)
Facebook on Wednesday announced a portal that aims to be a one-stop shop for its more than 2.5 billion users to find news and resources about the novel coronavirus, something it said was a step in an effort to combat falsehoods and provide accurate information in the face of a fast-moving pandemic.
(From Washington Post - Business, on 2020-03-18 06:00)
Alexander said he wants to include these health-related provisions in the phase three stimulus bill, even though Congress passed an $8.3 billion emergency coronavirus package, which focused on combating the spread of the disease, earlier this month.
(From The Hill - All News, on 2020-03-18 17:27)
The letter included a long list of potential uses for the $250 billion, including coronavirus treatment and prevention as well as enabling city governments to fully cover employee benefits such as paid sick leave.
(From The Hill - All News, on 2020-03-18 17:49)
The Treasury Department said Wednesday it wants to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and businesses.
(From Chicago Tribune - World, on 2020-03-18 17:05)
The announcement comes as the White House and Congress negotiate a trillion-dollar economic stimulus plan to combat the impacts of the coronavirus outbreak.
(From USA Today - National Top Stories, on 2020-03-18 15:39)
As the growing economic toll of the coronavirus became clearer, the White House said it supported the idea of sending cash payments directly to Americans as part of a broader $850 billion stimulus proposal that Treasury Secretary Steven Mnuchin discussed on Tuesday with Republicans on Capitol Hill.
(From NY Times - World News, on 2020-03-18 04:24)
Coronavirus — Canada’s big banks to allow mortgage payment deferrals The Government said it will do this by raising CMHC’s legislative limits to “guarantee securities and insure mortgages by $150 billion each,” the release said.
(From Global News, on 2020-03-18 14:53)
4 tech giants President Trump calls 'MAGA' stocks have lost $1 trillion in the coronavirus-induced market rout https://t.co/MeC6Cy52BZ The virus has crashed stocks of listed tech companies, plunged cryptocurrency prices and has also forced the cancellation of major tech events globally.
(From Technext Nigeria, on 2020-03-18 13:05)
The most costly needs include $15 billion for the veterans health system, which serves 9 million people, many of whom are elderly and most vulnerable to the virus.
(From News 1130 (Vancouver), on 2020-03-18 12:48)
Congress has already passed $8 billion to fight the virus and a second coronavirus response bill — to boost testing and sick leave — could pass the Senate on Wednesday.
(From News 1130 (Vancouver), on 2020-03-18 12:48)
More than $5 billion would go for producing vaccines and treatments for the virus, and the CDC would get an immediate cash infusion for its ongoing efforts to battle coronavirus.
(From News 1130 (Vancouver), on 2020-03-18 12:48)
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