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-
'It's a war, it's a disaster' - Lombardy hospital struggles to cope
Sky News' Chief Correspondent has visited Cremona Hospital in Lombardy, Italy, where staff fight to save every patient. -
How the Coronavirus Is Impacting Venture Capital
Mar.20 -- Jeff Richards, managing partner of GGV Capital, speaks to Bloomberg's Emily Chang about how the coronavirus is impacting venture capital in Silicon Valley. He appears on "Bloomberg Technology." -
Emotional students say goodbye as school closes
Year 11s in Macclesfield describe leaving school months earlier than planned. -
Coronavirus: Dow erases Trump presidency gains
via bbc.co.ukThe Dow falls 4.5% to finish its worst week since 2008 as New York orders many to stay at home. -
How long will schools remain closed?
Education Secretary Gavin Williamson warns that schools may be closed 'for some considerable time'. -
Pro-fracking group is 'wildly inflating' job numbers, environmental campaigners claim
A leading oil and natural gas trade group has “wildly inflated” the number of American jobs in fracking, in part by including gas station and convenience store workers in their counts, according to a new study. -
Why does Russia have so few COVID-19 cases?
Why does Russia have so few COVID-19 cases? -
America's small movie theatres fear coronavirus could mean their last picture show
Members of the Bagby family have operated movie theatres in small U.S. towns for four generations.With the coronavirus outbreak forcing their 400 screens to go dark indefinitely, some of them worry that run could come to an end."We've been around since 1924," B&B Chief Executive Bob Bagby said in an interview. -
Walmart to pay nearly $550 million in staff bonuses and hire 150,000 new people amid coronavirus crisis
Walmart is planning to hire 150,000 new US employees to keep up with the demand brought on by the coronavirus crisis.The nation’s largest grocer announced it plans to hire the new staff to the end of May as demand for food and supplies continue to surge. -
Coronavirus: Government to pay up to 80% of workers' wages
via bbc.co.ukThe chancellor says employees who cannot work will receive 80% of their salary, up to £2,500 a month. -
McDonald's suspends buybacks, leaves dividend policy unchanged - CEO to CNBC
McDonald's had raised its dividend by 8% to $1.25 in September, equivalent to $5 annually.McDonald's has already moved to defer rent for its operators and close all dine-in operations.In China, the epicentre of the virus, McDonald's has reopened 95% of its restaurants, Kempczinski said in the interview. -
Ted Baker says 38% of global retail sales hit by coronavirus
It has closed 197 retail stores and concessions out of 416 locations globally with full shutdown in the United States, Canada, France, Spain, Germany, Portugal and Belgium.Ted Baker said its "inventory levels are sufficient", but it was suspending all non-essential capital expenditure and restricting travel to reduce costs and shore up cashflow. -
Sunak rescue package offers hope to worried workers
Businesses welcome government’s wages pledge but many still face uncertain times -
Gucci owner Kering warns of fall in first-quarter sales
Kering , the French luxury goods group behind brands such as Gucci, said on Friday it expected comparable sales to fall by around 15% in the first quarter as the coronavirus outbreak saps demand and forces it to close stores.The health crisis first hit China - a major market for high-end wares - before spreading elsewhere, and several European states including Italy, Spain and France have gone into lockdown to try to cope.Gucci is one of the world's biggest luxury labels by sales and had been bo -
How is Sunak aiming to avert an economic meltdown?
Chancellor’s latest response to coronavirus has wage subsidies as its centrepiece -
Stay at home stocks rise from Wall Street's coronavirus rubble
As coronavirus fears inflict havoc on Wall Street, a few stocks are thriving on expectations that millions of people will spend weeks or longer cooped up at home.Meal-kit delivery company Blue Apron Holdingshas been a major gainer from social distancing to avoid COVID-19, surging over 300% in the past five days, even after a 29% drop on Friday.Zoom Video Communicationshas jumped 24% this month as employees working from home hold meetings on the company's video conferencing app. -
What US unemployment benefits can I get during the coronavirus? Your payment options explained
What US unemployment benefits can I get during the coronavirus? Your payment options explainedFederal and state governments are moving to pass relief packages, but some states may struggle to process a deluge of claims* Coronavirus – latest updates* See all our coronavirus coverage -
Tesla's Elon Musk Says He Can Make Ventilators
Mar.20 -- Tesla Chief Executive Officer Elon Musk joined General Motors Co. in offering to manufacture hospital ventilators amid the coronavirus outbreak. A Tesla assembly plant also had to idle production. Bloomberg's Ed Ludlow reports on "Bloomberg Technology." -
IMF sees severe impact from pandemic on global economy, but crisis temporary
The impact of the global coronavirus pandemic will be "quite severe," but a long expansionary period and high employment rates mean the global economy should weather the current shock, a top International Monetary Fund official said on Friday.Martin Muehleisen, who heads the IMF's strategy policy and review department, said in an IMF podcast that the main goal for governments should be to limit the spread of the virus in a way that provides confidence that the economic shock will be temporary."T -
'I'm going to keep working' - Grocery clerks unlikely heroes in U.S. coronavirus fight
Whole Foods Marketon Thursday reported a positive case in a New York City worker.Grocery stores, along with pharmacies, banks and gas stations, will remain open under the order.Working low-paying jobs, these unlikely heroes in the produce section and behind the meat counter are both terrified and gratified to be on the frontlines of the U.S. coronavirus fight. -
Self-employed in the UK? Here are the chancellor's new measures to help
Self-employed in the UK? Here are the chancellor's new measures to helpRishi Sunak boosts safety net but workers criticise measures as not going far enough in coronavirus crisis* Coronavirus – latest updates* See all our coronavirus coverage -
Self-employed? Here are the chancellor's new measures to help
Self-employed? Here are the chancellor's new measures to help. Rishi Sunak boosts safety net but workers criticise measures as not going far enough in coronavirus crisis -
Coronavirus: Wages, sick pay and time off explained
via bbc.co.ukWhat is happening to workers' wages and sick pay during the coronavirus outbreak? -
Chancellor announces sweeping measures to protect jobs during pandemic
Rishi Sunak said the Government would help to pay people's wages 'for the first time in history'. -
London hospital temporarily runs out of critical care beds
Northwick Park declares ‘critical incident’ as coronavirus cases overwhelm system -
Chancellor’s jobs support programme takes Britain into new territory
We are in a generation-defining moment created by a pandemic that has left businesses on the brink -
Lyft drivers can join new delivery service, founders donate salaries
In an email to drivers, Lyft co-founders John Zimmer and Logan Green said, "Those who would like to help neighbours get to grocery stores, workers to hospitals and caretakers to their jobs" can join a new "LyftUp Driver Task Force."Lyft said the service did not yet exist but will allow drivers to help out with direct on-the-ground needs in their community.The effort will start in the Bay Area, with plans to expand the programme across California and the country, Lyft said. -
Chancellor unveils measures to help businesses survive crisis
They involve the direct injection of £30 billion of cash to employers, including deferring VAT payments. -
Rishi Sunak: No limit to funding to help economy through coronavirus crisis
Economists believe the deficit will soar but it will be worth it in the end, as the pound continues to rise against the dollar. -
Tesco launches recruitment drive for 20,000 temporary workers
The UK's biggest supermarket said it wants to hire the extra workers for the next 12 weeks. -
Coronavirus has delivered a hammer blow to Australia's economy. What happens next?
Coronavirus has delivered a hammer blow to Australia's economy. What happens next?Pressure is building on the Morrison government ahead of stimulus mark II to look after people suddenly out of work* Follow the latest coronavirus news from around the world* See all our coronavirus coverage -
Tesco to hire 20,000 people to cope with rush on supermarkets
Britain's market-leading supermarket chain Tesco said on Friday it would hire 20,000 people to work in its stores for at least the next 12 weeks to cope with an unprecedented increase in demand for food and household products."We launched our recruitment drive online on Wednesday and since them we have already been overwhelmed by support from the public and thank everyone who has applied to work with us in stores," Tesco's Chief People Officer Natasha Adams said in a statement."We have seen 140, -
Coronavirus: YouTube and Amazon Prime join Netflix by reducing streaming quality
Amazon Prime Video and YouTube will reduce the quality of streaming on their platforms in Europe in order to help internet infrastructure cope with a surge in traffic resulting from the Covid-19 coronavirus pandemic.The move follows a similar announcement from Netflix following a request from European Union commissioner Thierry Breton for streaming services to lower the resolution of their content to prevent internet gridlock. -
Now time for UK to stand together - chancellor
Chancellor Rishi Sunak issues a rallying call as he announces new measures to help those impacted by the coronavirus crisis. -
Chancellor does not boost statutory sick pay in coronavirus package
Rishi Sunak declined to boost the £94.25-a-week payment. -
Britain increases benefit pay in response to coronavirus
Britain is increasing the level of its main state-paid benefit, Chancellor of the Exchequer Rishi Sunak said on Friday, unveiling a package of measures to support workers and those who may lose their jobs during the coronavirus outbreak.Sunak added that Britain would also suspend the minimum income floor for self-employed people affected by the economic impact of coronavirus, meaning that they could access universal credit at a rate equivalent to statutory sick pay for workers. -
U.S. airlines, warning of job losses, make last-minute push for government cash
CHICAGO/WASHINGTON (Reuters) - U.S airlines were making a last-minute push on Friday for a $50 billion (43 billion pounds) government stimulus package to include cash, arguing tens of thousands of jobs will otherwise be lost.A Republican proposal introduced in the U.S. Senate on Thursday would grant up to $50 billion in secured loans to help passenger airlines hit by the coronavirus crisis, but bars cash grants and could result in the government getting equity stakes.Senate Majority Leader Mitch -
U.S. airlines call for payroll protections as aid talks continue
CHICAGO/WASHINGTON (Reuters) - U.S. airlines called on Friday for a government stimulus package meant to help them weather the coronavirus crisis by providing payroll protections, warning that around 750,000 jobs depend on the airline industry.A Republican proposal introduced in the U.S. Senate on Thursday would grant up to $50 billion in secured loans, but bars the cash grants the airlines had requested, spurring intense discussions between airlines, unions and congressional aides over the shap -
Coronavirus: Rishi Sunak's raft of measures to back British jobs
Chancellor pledges government to pay 80 per cent of wages for those not working during outbreak -
This is no 2008 - Mnuchin borrows from Paulson's economic crisis playbook
U.S. Treasury Secretary Steven Mnuchin has stepped into the breach as the Trump administration's point man to rescue the economy from coronavirus devastation, taking on the role his former Goldman Sachs boss, Hank Paulson, played over a decade ago.Mnuchin has closely followed the financial crisis playbook used by Paulson when he led the Treasury Department in 2008, reactivating Federal Reserve credit market backstops and asking Congress for $1 trillion (857.4 billion pounds) to prop up companies -
EU suspends budget rules for first time
The European Commission is suspending its strict rules on public deficits to allow governments to open the money taps to battle the coronavirus pandemic. In an unprecedented decision, Brussels triggered the "general escape clause", giving countries free rein to "inject spending into the economy as needed", said EU chief Ursula von der Leyen. The temporary measure effectively halts strict oversight by Brussels of national spending and will be welcome in Italy - the country suffering most from the -
Ariel's Rogers Is 'Nibbling' at Adding to Investments, 'Loves' KKR
Mar.20 -- John Rogers, Ariel Investments chairman, co-chief executive officer and chief investment officer, discusses where he is seeing investment opportunities amid the coronavirus outbreak. He speaks on "Bloomberg Markets." -
UK unveils “unprecedented” rescue deal
Government announces employment support package, including paying employees’ wages -
Sunak turns on financial firepower to help workers
State to pay 80% oflaid-off employee wages in huge escalation of virus rescue -
UK Chancellor Rishi Sunak: UK govt to 'help to pay people's wages'
via bbc.co.ukThe chancellor said the measures were being put in place "for the first time in our history". -
Wetherspoons boss says closing UK pubs will not stop coronavirus
Wetherspoons boss says closing UK pubs will not stop coronavirusNationwide shutdown of pubs and restaurants has overridden Tim Martin’s vow to keep his 867 branches open -
JD Wetherspoon boss says closing UK pubs will not stop coronavirus
JD Wetherspoon boss says closing UK pubs will not stop coronavirus. Nationwide shutdown has overridden Tim Martin’s vow to keep his 867 branches open -
The third UK budget in nine days and the most crucial
The third UK budget in nine days and the most crucial. Latest emergency coronavirus economic package poses three huge questions: is it properly targeted, is it enough and is it in time? -
Sunak launches third UK budget in nine days – and the most crucial
Sunak launches third UK budget in nine days – and the most crucialLatest emergency coronavirus package poses three big questions: is it well targeted, is it enough and is it in time?* Coronavirus – latest updates* See all our coronavirus coverage -
UK aims to finance coronavirus measures through normal debt issuance
Britain will aim to meet the cost of unprecedented measures to keep people in jobs through the coronavirus crisis via normal debt issuance, Chancellor of the Exchequer Rishi Sunak said on Friday.Sunak said there would be no cap on a scheme to pay 80% of workers' wages, which will initially run for three months."Our intention is to finance the package through the government's normal debt management operations," Sunak said.
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