The proposed bill gives small business owners more flexibility in how they use the loans, addressing several persistent complaints about the $660 billion effort.
Venture capital funding in general has dried up as investors have become skittish in placing new bets, particularly for early-stage companies.
A German court said on Wednesday it was ending proceedings against the chairman and chief executive of Volkswagen AG after the carmaker agreed to pay a fine of 9 million euros ($9.9 million) over the diesel emissions scandal.
Terms of a planned merger between Fiat Chrysler and Peugeot-owner PSA are set in stone, FCA's chairman said on Wednesday, brushing off talk that some aspects of the deal might be re-negotiated because of the COVID-19 crisis.
Federal Reserve policymakers re-upped a pledge to keep interest rates near zero until they are confident the U.S. economy is on track to recovery, a detailed summary of their most recent policy-setting meeting shows.
The world's largest airliner, the Airbus A380, took a step closer to the aviation archives on Wednesday as Air France said it would permanently axe its grounded fleet and sources said Emirates was in talks to reduce remaining deliveries.
Volkswagen withdrew on Wednesday an advert posted on its official Instagram page for its Golf cars that it admitted was racist and insulting, saying it would investigate how it came about and draw consequences.
The German government has agreed on final details of a rescue package for airline carrier Lufthansa , media reported on Wednesday.
Ford Motor Co on Wednesday closed two U.S. assembly plants as the coronavirus pandemic wreaked early havoc with the No. 2 U.S. automaker's plan to restart North American production and begin making its most profitable vehicles again.
McKinsey & Company | By Matthieu L, Debasish P, Ildiko R, Hiro S, and Marcus S | May 18, 2020 Now is the time for Europe’s banking leaders to reimagine how their institutions operate and their role in society. COVID-19 remains an unresolved health challenge that has resulted in tragic loss of life. The economic
Crude prices rose and a gauge of global equities broke out of a three-week trading range on Wednesday as investors bet on a rapid recovery from the coronavirus-induced recession.
Dow Inc said on Wednesday it has shut down all operating units at its headquarters in Midland, Michigan, after flood waters breached its sites following the collapse of two dams.
The Treasury Department and the IRS gave taxpayers three more months to submit their 2019 returns and pay any amounts due. Americans are taking advantage of the extra time, as returns submitted fell by nearly 10% year over year.
The U.S. Labor Department will expand inspections of businesses to reduce job-site hazards related to the new coronavirus as employees begin returning to work across the country, although the policy falls short of demands by worker advocates.
There will be no cap on the size of Canada's emergency loans to large companies harmed by the coronavirus pandemic but there will be multiple restrictions, the government said on Wednesday, as it recommended wearing masks in public for the first time.