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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.