Coronavirus ‘Great Lockdown’ to shrink global economy by 3% in 2020: IMF
The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since...
Global airline hit from coronavirus rises to $314 billion: IATA
Global airlines will lose $314 billion in revenue due to the coronavirus pandemic in 2020 according to a forecast from the industry’s representative body IATA,...
NMC Health board revamped by administrators
The administrators of troubled hospital operator NMC Health have announced a new board for the London-listed company, bringing in four non-executive directors with international restructuring...
J&J beats profit estimates but coronavirus fuels forecast cut
Johnson & Johnson on Tuesday beat analysts’ estimates for first-quarter profit on higher sales of its cancer drugs and consumer products including Tylenol, while cutting...
Wells Fargo first-quarter profit decimated as coronavirus boosts provisions
Wells Fargo & Co first-quarter profit plunged as it set aside billions of dollars to cover potential loan-losses from the coronavirus pandemic....
Austria reopens thousands of shops in first loosening of coronavirus lockdown
Austria allowed thousands of shops to reopen on Tuesday, becoming one of the first countries in Europe to loosen its lockdown imposed to curb the...
‘Mixed picture’ in Europe, COVID-19 vaccine at least 12 months off: WHO
The number of new cases of COVID-19 is easing in some parts of Europe, including Italy and Spain, but outbreaks are still growing in Britain...
Cisco offers big payment deferrals until 2021 as companies seek remote-work tools
Cisco Systems Inc on Tuesday launched a $2.5 billion financing program that lets its customers defer 95% of payments until 2021, giving companies additional leeway...
UK must stop China’s bid to remove Imagination Technologies’ tech, British lawmaker says
The British government should seek every mechanism to prevent the removal of Imagination Technologies’ technology base to China, including seeking a Western purchaser for the...
Trump To Name New Coronavirus Advisers On Reopening The Country – NPR
Trump To Name New Coronavirus Advisers On Reopening The Country NPR Trump lashes out in grievance-filled briefing claiming ‘total’ authority as president CNN Trump Insists He Has...