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Turkey says it sent 500,000 coronavirus test kits to United States

Turkey has sent 500,000 coronavirus test kits to the United States upon their request, Health Minister Fahrettin Koca said on Thursday.



5 years ago

IATA says Middle East airlines need state aid due to liquidity crisis

Governments must urgently consider providing aid to airlines in the Middle East to help them cope with a liquidity crisis due the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday.



5 years ago

Factbox: Airlines ground flights, count mounting costs of the coronavirus shock

Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts.



5 years ago

Cramer: 'We can not have the fat cats make money at the expense of the workers'

CNBC's Jim Cramer said Thursday that whatever happens on the other side of the coronavirus crisis CEOs should not benefit more than their employees.

5 years ago

Hedge fund billionaire Dalio says corporate losses in U.S. from coronavirus to top $4 trillion: CNBC

Ray Dalio, founder of hedge fund Bridgewater Associates LP, said on Thursday corporations in the United States will lose as much as $4 trillion due to the economic damage from coronavirus outbreak.



5 years ago

ASEAN summit in Vietnam postponed until end-June over coronavirus

A summit of Southeast Asian and other international leaders scheduled in Vietnam early next month has been postponed until end-June due to worries about coronavirus, Vietnam's Ministry of Foreign Affairs said on Thursday.



5 years ago

Oil up after three-day plunge but coronavirus curbs gains

Oil prices rose nearly 3% on Thursday after a three-day selloff sparked by the spread of the coronavirus and a market share battle between Saudi Arabia and Russia drove them to their lowest in almost two decades.



5 years ago

Dutch PM tells citizens to relax, saying there's enough toilet paper for 10 years

The prime minister in the Netherlands has offered reassurances amid the global coronavirus outbreak: telling citizens on Thursday there is no shortage of toilet paper.



5 years ago

U.S. jobless claims jump to two-and-a-half-year high; coronavirus blamed

The number of Americans filing for unemployment benefits surged to a 2-1/2-year high last week, suggesting a pickup in layoffs as the coronavirus pandemic fractures economic activity.



5 years ago

Swiss cases of coronavirus rise to 3,880, with 33 deaths: government

The number of coronavirus cases in Switzerland and Liechtenstein has risen to 3,888, Swiss health authorities said on Thursday, with 33 people reported to have died from the disease.



5 years ago

Raising Capital in a Pandemic World

Medium | Victoria Bennett | March 18, 2020 This week has seen considerable changes in the world, from markets falling, oil prices falling, schools closed, borders closed. We’re moving into a new world order, and this isn’t for a week or two. How can your business stay healthy and grow? Your company needs to prepare

5 years ago

British banks grapple with business demands for coronavirus lifelines

Some banks in Britain are struggling to provide financial support to homeowners and businesses battered by the coronavirus pandemic, with demand surging after the government announced a series of aid measures including an emergency lending scheme.



5 years ago

Richmond Fed's Barkin: Fed moving 'aggressively' to ensure market function

The Federal Reserve is "aggressively" tackling problems with market functioning and liquidity as it sees them arise, with programs like the Term Auction Facility for banks not deemed necessary yet but still "on the table," Richmond Federal Reserve president Thomas Barkin said in an interview.



5 years ago

Fed opens dollar swap lines for nine additional foreign central banks

The U.S. Federal Reserve opened the taps on Thursday for central banks in nine additional countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.



5 years ago

Analyst View: Fed opens central bank swap lines to stave off coronavirus slump

The U.S. Federal Reserve on Thursday opened the taps for central banks in nine new countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.



5 years ago