The Trump administration's bailout program for small and mid-sized businesses, which aims to keep companies that employ 60 million Americans afloat despite widespread shutdowns related to the new coronavirus, launched on Friday.
Italy plans to tighten health checks to ensure that work is not disrupted in a small northern town specialising in the production of medical supplies to tackle its coronavirus crisis.
Bank of America Corp Chief Executive Brian Moynihan said the bank has already received roughly 10,000 applications for federally backed small business loans within the first hour of starting to accept them.
Airbus is studying a sharp cut in output of its top-selling A320 plane series amid an industry-wide slowdown triggered by the coronavirus crisis, sources familiar with the matter said.
U.S. services sector activity slowed to a more than 3-1/2-year low in March, with industries reporting a moderation in new orders and decline in employment amid the coronavirus pandemic, which has brought the country to sudden stop.
A price war between world oil producers has slashed Venezuela's revenue for its top export and exacerbated the country's financial crisis as it also faces the coronavirus pandemic, U.S. sanctions and sliding crude output.
BEIJING: China's central bank said on Friday (Apr 3) it would cut the reserve requirements for smaller banks to release around 400 billion yuan (US$56.3 billion) in liquidity, a move to counter the coronavirus impact on enterprises. The People's Bank of China (PBOC) said in a statement it will ......
SINGAPORE: All workplaces except for those providing essential services and those able to operate remotely will be suspended from Apr 7 to May 4 during a month-long "circuit breaker" campaign to curb further spread of COVID-19, said Manpower Minister Josephine Teo on Friday (Apr 3). Previously ...
U.S. Treasury Secretary Steven Mnuchin said on Friday that community banks have processed hundreds of small business loans aimed at shoring up the economy amid the global coronavirus pandemic, and sounded a positive note about a new program that lenders have greeted with skepticism.
3M Co said on Friday it would continue to increase the production of respirators, after US President Donald Trump announced he was invoking the Defense Production Act to get the company to manufacture more face masks.
