U.S. economy faces historic shock, with 16% joblessness possible: Trump adviser
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that likely will push the national unemployment rate...
German government divided over form of Lufthansa rescue deal
Germany’s ruling coalition is divided over whether the state should have a role in running airline Lufthansa in return for a rescue package the company...
White House aims to zero in on further stimulus to help battered economy
White House advisers hope to come up with several options to present to President Donald Trump for “big thoughtful policies” to help rebuild confidence in...
White House sees jobless rate hitting 16% or higher in April
The U.S. unemployment rate is likely to hit 16% or higher in April, and “really big thoughtful policies” will be needed to rebuild confidence, a...
Daimler says China business picks up again: report
Mercedes-Benz maker Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German carmaker told a newspaper...
When oil became waste: a week of turmoil for crude, and more pain to come
The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures ,...
Virgin Atlantic says still talking with UK government on coronavirus funds
Virgin Atlantic is still talking with the British government about a bailout package to cope with the devastating effects of the coronavirus outbreak on travel...
Tesla is calling some workers back to California factory: Bloomberg News
Tesla Inc is calling some workers back to its San Francisco Bay Area vehicle-assembly plant next week, Bloomberg News reported on Saturday....
Special Report: Countries, companies risk billions in race for coronavirus vaccine
By Julie Steenhuysen, Peter Eisler, Allison Martell and Stephanie Nebehay...
U.S. airlines receive extra $9.5 billion in payroll support: U.S. Treasury
The U.S. Treasury Department said on Saturday it has released $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers, bringing...