March 2020

ECB launches emergency $820bn coronavirus package

Image copyright Getty Images The European Central Bank (ECB) has launched an emergency €750bn ($820bn; £706bn) package to ease the impact of the coronavirus pandemic. It will buy government and company debt across the eurozone, including that of troubled Greece and Italy. ECB boss Christine Lagarde tweeted “there are no limits” to its commitment to […]

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Olympic leaders back IOC’s Tokyo stance after rare criticism

GENEVA — Regional Olympic officials are rallying around the IOC and have backed its stance on opening the Tokyo Games as scheduled, as direct criticism from gold medalist athletes built amid the coronavirus outbreak. Leaders of continental Olympic groups praised the IOC after a conference call Wednesday to update them on coronavirus issues four months

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Chinese factories face new threat: US anti-virus controls

BEIJING — Factories in China, struggling to reopen after the coronavirus shut down the economy, face a new threat from U.S. anti-disease controls that might disrupt the flow of microchips and other components they need. The shock threatens to set back the ruling Communist Party’s efforts to revive the world’s second-largest economy after it declared

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U.S. Manufacturers Start Shutting Down Major Plants Due To Coronavirus

Detroit’s Big Three automakers announced Wednesday that they are ceasing production at their U.S. plants due to the coronavirus, showing how the economic damage from the pandemic is spreading beyond the service sector. Ford said it would halt production at all North American facilities from the end of Thursday’s shift through March 30. GM said

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Trump and Coronavirus: President Seeks $500 Billion in Payments for Americans

WASHINGTON — The Trump administration on Wednesday broadened the government’s response to the coronavirus pandemic and spelled out the first details of a $1 trillion economic package, asking Congress for an infusion of $500 billion for direct payments to taxpayers and $500 billion in loans for businesses. President Trump invoked a seldom-used wartime law that

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