Finance

KUALA LUMPUR, Malaysia — After managing to keep on top of the first wave of coronavirus outbreaks, Singapore is grappling with an alarming rise in infections among migrant workers housed in crowded dormitories. Such cases now account for about a quarter of Singapore’s 1,910 infections. The government reported 287 new cases Thursday, its biggest daily […]

The recycling industry was already struggling before the pandemic. Now, an increasing number of cities are suspending recycling services, partly out of fear that workers might contract the coronavirus from one another while sorting through used water bottles, food containers and boxes. One solution: Let robots do the job. Since the coronavirus took hold in

Toyota Chief Executive Akio Toyoda is promising that the Japanese auto industry will seek to protect jobs worldwide, as it braces to overcome the unfolding crisis set off by the coronavirus pandemic By YURI KAGEYAMA AP Business Writer April 10, 2020, 7:00 AM 2 min read 2 min read Share to FacebookShare to TwitterEmail this

Saudi state TV is reporting that a deal before OPEC and other oil-producing countries involves a 10 million barrel per day cut to July 1, then an 8 million barrel per day cut through the end of the year By JON GAMBRELL Associated Press April 10, 2020, 6:20 AM 4 min read 4 min read

More than 60 U.N. agencies and international organizations are urging governments 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 By EDITH M. LEDERER Associated Press April 10, 2020, 4:13 AM 3 min read UNITED NATIONS — More than 60

Stocks closed broadly higher on Wall Street Thursday, rounding out the best week for the benchmark S&P 500 index since 1974 April 9, 2020, 8:56 PM 2 min read Stocks closed broadly higher on Wall Street Thursday, rounding out the best week for the benchmark S&P 500 index since 1974. Investors welcomed a new effort

Limited support for risky debt Officials are trying to make sure that a broad swath of companies can continue obtaining credit, allowing them to stay in business and hang on to workers. The Fed’s efforts to pump new money into the financial markets so far have helped improve tense trading conditions. But riskier credit markets

WASHINGTON — 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. But like many states, his isn’t yet accepting claims from the self-employed like him. That’s left Cruse, 58, earning just meager pay driving for Uber Eats near

The Organization of the Petroleum Exporting Countries, Russia and other countries reached a tentative agreement on Thursday to temporarily cut production, according to a person with knowledge of the matter. OPEC and the other oil-producing countries agreed to cut about 10 million barrels a day, or about 10 percent from normal production levels, in May

European finance ministers have agreed on more than a half-trillion euros, or $550 billion, of support programs to cushion the recession caused by the virus outbreak By DAVID McHUGH AP Business Writer April 9, 2020, 10:08 PM 3 min read FRANKFURT, Germany — Governments from the 19 countries that use the euro agreed Thursday on