The head of the European Central Bank Christine Lagarde asked euro zone finance ministers at a videoconference on Tuesday evening to seriously consider a one-off joint debt issue of "coronabonds" to help fight the epidemic, two officials said.
German conglomerate Thyssenkrupp will cut 3,000 jobs and invest 4.2 billion euros ($4.6 billion) at its struggling steel division by 2026 as part of a wage deal struck with powerful labor union IG Metall, it said on Wednesday.
British supermarket Sainsbury's said on Wednesday it would help its smaller suppliers during the coronavirus emergency by paying them immediately and making finance available.
India is likely to agree an economic stimulus package of more than 1.5 trillion rupees ($19.6 billion) to fight a downturn in the country that is currently locked down to stem the spread of coronavirus, two sources familiar with the matter told Reuters.
South Korea's Kia Motors Corp is considering making face masks at its Chinese factory to help battle the spread of the coronavirus, a spokesman said on Wednesday.
U.S. stock index futures rose on Wednesday, putting Wall Street on course to extend its massive bounce from the previous session, as Washington reached a deal on a $2 trillion stimulus package to help ease some economic pain from the coronavirus pandemic.
Congress is busy finalizing a coronavirus relief package. Three provisions relate to your retirement nest egg. Here's what you should know.
The economic stimulus bill being considered in Congress would let qualifying businesses delay when they have to pay their share of payroll taxes. Here's what that means.
U.S. lawmakers are finalizing a sweeping new $2 trillion stimulus bill that includes checks for individual Americans. Here's how much you may expect to receive to help offset the coronvirus' pinch on your wallet.
Congress is busy finalizing a coronavirus relief package. Three provisions relate to your retirement nest egg. Here's what you should know.
The historic stimulus package Congress is expected to pass will grant the millions of Americans with student debt a break from their payments for at least six months.
Wall Street on Wednesday extended its massive bounce from the previous session as Washington reached a deal for a $2 trillion stimulus package to help businesses and millions of Americans hit by the economic fallout of the coronavirus pandemic.
Walmart is offering some help to its small business partners as the coronavirus forces consumers to self-isolate and companies to shutter their storefronts.
The $2 trillion economic rescue package before the U.S. Senate on Wednesday would send the federal government to the auto industry's rescue for the second time in a dozen years.
Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets on hopes Washington will soon approve a massive aid package to stem the economic impact of the coronavirus pandemic.