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Seventy percent of people in Canada, France, Germany, Italy, Japan, the United Kingdom and the United States expect their household to lose income due to the coronavirus outbreak, according to a survey on Wednesday.
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United States senators and Trump administration officials have reached an agreement on a significant economic stimulus bill to alleviate the economic effect of the coronavirus pandemic, White House official Eric Ueland has said.
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Sportswear firm Nike has seen online sales rise by more than 30% in China as it rides out its coronavirus store shutdowns.
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President Donald Trump is considering measures to reopen the United States economy, even as the highly contagious coronavirus is spreading rapidly and hospitals are bracing for a wave of virus-related deaths.
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Amazon.com Inc has said it is raising overtime pay for associates working in its United States warehouses, as the world's largest online retailer tries to meet the rapidly growing demand for online shopping from consumers stuck at home owing to the coronavirus outbreak.
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Since Lebanon was placed on lockdown to curb the spread of coronavirus, cash-strapped banks have cut access to dollars for depositors already separated from much of their savings by months of tightening controls.
More Articles …
- Oil collapses by another 24% to $20. It hasn't been this low since 2002
- Saudi crown prince gambles on an oil price war
- Bank of England slashes key rate over virus fears
- UK seen boosting funds to fight virus in Johnson's first budget
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