UN urges governments to tackle recession, scrap debt payment
UNITED NATIONS (AP) — More than 60 U.N. agencies and international organizations urged governments on Thursday to take immediate steps to address the unfolding global recession and financial crisis wrought by the coronavirus pandemic, especially in the world’s poorest countries.
Asian shares steady after Wall St caps best week since 1974
BANGKOK (AP) — Asian shares are steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis.
White House says no 'surprise' bills for COVID-19 patients
WASHINGTON (AP) — Hospitals taking money from the $2 trillion stimulus bill will have to agree not to send “surprise” medical bills to patients treated for COVID-19, the White House said Thursday.
Euro countries agree half trillion euros in support
FRANKFURT, Germany (AP) — Governments from the 19 countries that use the euro overcame sharp differences to agree Thursday on measures that could provide more than a half-trillion euros ($550 billion) for companies, workers and health systems to cushion the economic impact of the virus outbreak.
Senators block new virus aid, Pelosi decries 'stunt'
WASHINGTON (AP) — The Senate twisted itself into knots Thursday over President Donald Trump’s new coronavirus aid request, as Democrats refused to rubber stamp his proposal for $250 billion more to boost small businesses, demanding modifications along with an additional $250 billion for health care providers and states.
US gig workers and self-employed face delays in jobless aid
WASHINGTON (AP) — After Rich Cruse saw about $3,000 in income for his photography business quickly disappear to the coronavirus, he tried to apply for unemployment benefits in California.
Panic grocery buying slows; iPhone sales plummeted in March
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus.
IMF head sees worst economic downturn since Great Depression
WASHINGTON (AP) — The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world's poorest countries suffering the most, the head of the International Monetary Fund said Thursday.
A new $2.3 trillion Fed plan to aid localities and companies
WASHINGTON (AP) — The Federal Reserve unleashed a new series of moves Thursday to try to make loans available to states, localities and companies that have been hard hit by the coronavirus.
Pandemic has set the number of air travelers back decades
The number of Americans getting on airplanes has sunk to a level not seen in more than 60 years as people shelter in their homes to avoid catching or spreading the new coronavirus.
Wiped out of toilet paper? Here's why
What does toilet paper have to do with the global coronavirus pandemic? Nothing. Yet millions of people have been panicking about their household supply.
Virus casts a dark cloud over once-thriving home market
BOSTON (AP) — When Rebeka McBride and her husband put their home in Washington state on the market in early March, the coronavirus outbreak was just taking hold in the United States.
Record 16.8 million have sought US jobless aid since virus
WASHINGTON (AP) — With a startling 6.6 million people seeking unemployment benefits last week, the United States has reached a grim landmark: More than one in 10 workers have lost their jobs in just the past three weeks to the coronavirus outbreak.
Hurry up and wait? Why relief to small businesses has lagged
NEW YORK (AP) — Speed is of the essence if a federal relief program for small businesses is going to be effective in combating the damage wrought by the coronavirus lockdowns.
Whales filmed having whale of a time during lockdown
LE PECQ, France (AP) — With humans away, the whales will play. In another sign that wild animals are roaming more freely while locked-down people are sheltering indoors from the coronavirus, a maritime patrol has filmed remarkable images of whales powering through Mediterranean waters off the coast of southern France.
Half billion more people face poverty due to virus - report
LONDON (AP) — Around half a billion people could be pushed into poverty as a result of the economic fallout from the coronavirus pandemic unless richer countries take “urgent action” to help developing nations, a leading aid organization warned Thursday.
Jobless claims report Thursday could hit 7 million or higher
WASHINGTON (AP) — The government is set to report another shocking level of unemployment claims Thursday even after nearly 10 million people applied for benefits in the previous two weeks because of business shutdowns from the coronavirus.
Ship at center of virus outbreak raided by Australian police
BRISBANE, Australia (AP) — Police wearing protective gear boarded a cruise ship to seize evidence and question crew members of the vessel linked to hundreds of coronavirus infections and 15 deaths across Australia.
Asian shares mixed, Tokyo lower as Wall Street rally fades
BANGKOK (AP) — Shares were mixed in Asia on Thursday after a 3.4% gain on Wall Street overnight as investors chose a positive focus for data about the coronavirus outbreak’s trajectory.
Feds loosen virus rules to let essential workers return
WASHINGTON (AP) — In a first, small step toward reopening the country, the Trump administration issued new guidelines Wednesday to make it easier for essential workers who have been exposed to COVID-19 to get back to work if they do not have symptoms of the coronavirus.
Congress in standoff on virus aid, but first checks coming
WASHINGTON (AP) — Congress is rushing headlong into a conflict over the next coronavirus aid package as the White House wants to pump $250 billion into a small business fund but opposes Democrats' proposal to tack on billions for protective gear, food stamps and support to state and local governments.
Housing market chills, layoffs, companies boost virus fight
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus.
Second US study for COVID-19 vaccine uses skin-deep shots
WASHINGTON (AP) — U.S. researchers have opened another safety test of an experimental COVID-19 vaccine, this one using a skin-deep shot instead of the usual deeper jab.
Enbridge seeks permits to build Great Lakes oil tunnel
TRAVERSE CITY, Mich. (AP) — Enbridge Inc. applied Wednesday for state and federal authorization to construct an oil pipeline tunnel beneath the Michigan waterway that connects two of the Great Lakes.
At emergency March meetings Fed pledged to use full arsenal
WASHINGTON (AP) — Federal Reserve officials pledged at two emergency meetings last month to use their full arsenal to bolster the U.S.