U.S. President Donald Trump on Thursday said he would get involved in the oil price war between Saudi Arabia and Russia at the appropriate time, saying low gasoline prices were good for U.S. consumers even as they were hurting the industry.
U.S. oil prices rose 20% on Thursday, recouping some losses from a sell-off that drove prices to near 20-year lows, but analysts saw the rebound as a brief reprieve, anticipating more weakness as the coronavirus outbreak takes its toll on global demand.
The minister leading the Dutch government's fight against the coronavirus resigned on Thursday, a day after collapsing from exhaustion during a parliamentary debate on the epidemic.
President Donald Trump on Thursday opened the door to a radical shift in the U.S. government's relationship to private industry as the coronavirus outbreak upends the nation's economy, saying he would back the government taking stakes in certain companies.
During the coronavirus market turmoil, the S&P 500 has cratered 25%, while Walmart's stock is in the green, gaining 2%.
Middle East and African airlines are in crisis with hundreds of thousands of jobs at risk from the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday, calling for state intervention.
Germany expects a record 2.15 million people to this year make use of a scheme that allows employees to work shorter hours but keep their jobs, as the impact of the coronavirus causes havoc in the labor market, a ministry document seen by Reuters showed on Thursday.
Colombia will block entry to everyone traveling from abroad from midnight on Monday in an effort to control the spread of coronavirus, President Ivan Duque said on Thursday.
Several employees at Goldman Sachs Group Inc's New York headquarters are believed to have contracted the novel coronavirus, according to two sources, making it the latest Wall Street bank whose staff have been affected by the pandemic.
The U.S. Department of Energy said on Thursday it will buy up to 30 million barrels of crude oil for the Strategic Petroleum Reserve by the end of June as a first step in fulfilling President Donald Trump's directive to fill the emergency stockpile to help domestic crude producers.
Governments must urgently consider providing aid to airlines in the Middle East to help them cope with a liquidity crisis due the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday.
Turkey has sent 500,000 coronavirus test kits to the United States upon their request, Health Minister Fahrettin Koca said on Thursday.
General Electric's healthcare unit said on Thursday it was hiring more people and shifting current employees to ramp up production of ventilators as the global coronavirus pandemic leads to surge in demand for medical equipment.
Horlis Ramirez packed shoes with silk bags into boxes in his empty store in London's West End shopping district, voicing fears that coronavirus could deal a fatal blow to his business.
China is set to unleash trillions of yuan of fiscal stimulus to revive an economy expected to shrink for the first time in four decades amid the coronavirus pandemic, while a planned growth target is likely to be cut, according to four policy sources.