U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage.
Microsoft Corp's Teams chat and conferencing app gained more than 12 million daily users in one week, a 37.5% jump as more people worked from home during the coronavirus outbreak, the company said on Thursday.
Tesla Inc has told employees it reduced the number of workers at its California vehicle factory to curb the spread of coronavirus as Chief Executive Elon Musk said the company may start producing ventilators to ease a U.S. shortage.
The Bank of England promised 200 billion pounds of bond purchases and cut its key interest rate to 0.1% in a second emergency move in just over a week to try to mitigate the hit to Britain's economy from the coronavirus outbreak.
Siemens managing board member Michael Sen will no longer take charge of the new energy business which the German engineering group wants to spin off later this year, it said on Thursday, after he agreed to leave the company.
The crisis for airlines deepened on Thursday as Lufthansa , which has grounded most of its fleet, warned the industry may not survive coronavirus pandemic without government aid to offset nosediving demand.
U.S. crude oil prices spiked by 25% on Thursday, the largest single-day gain on record, recouping some losses from three days of selling that drove the benchmark to near 20-year lows.
By Sarah Young, Costas Pitas, Giulio Piovaccari and Elvira Pollina
Brazil's tourist hotspot Rio de Janeiro reported its first two coronavirus deaths on Thursday, bringing the country's toll to six, as Latin America's largest nation closed more borders to visitors and the foreign minister waded into a diplomatic spat with China.
History will measure your presidency by how many deaths were prevented, not on what the Dow Jones average was in March of 2020, writes former Sen. Heidi Heitkamp.
Amazon.com Inc said on Thursday it has halted its Prime Pantry delivery service in the United States to restock groceries, following a surge in online orders by shoppers worried about the coronavirus pandemic.
A wave of layoffs at restaurants, bars and hotels, as efforts to contain the coronavirus pandemic bring much of everyday American life to a halt, could drive new applications for U.S. unemployment benefits to a record 1.5 million or more next week, economists warned on Thursday.
Toyota Motor Corp said on Thursday it will extend a planned two-day shutdown of all North American plants through April 3 as the spread of coronavirus continues.
Brazil's coronavirus death toll rose to seven on Thursday, including the first fatalities in tourist hotspot Rio de Janeiro, as Latin America's largest nation closed more borders to visitors and the foreign minister waded into a diplomatic spat with China.
Boeing Co said on Thursday that former U.N. ambassador Nikki Haley has resigned from its board as she opposes the planemaker's move to seek financial aid from the federal government amid the 737 MAX and the coronavirus crisis.