Swedish retailer H&M has sent notice of temporary lay-offs to 2,000 employees in Norway due to the coronavirus outbreak, Norwegian business daily Dagens Naeringsliv reported on Thursday, citing the head of the Norwegian business.
The unemployment insurance program in the U.S. won't help enough workers absent some sort of government intervention, according to experts.
Sen. John Thune, R-S.D., among others, has proposed legislation that would give taxpayers 90 more days to file their 2019 returns. While the Treasury has given people more time to pay, returns are still expected to be submitted by April 15.
The Federal Reserve on Wednesday announced a move that's aimed at shoring up "prime" money market funds and keeping cash flowing in the U.S. financial system. Here's what that means for account holders.
The number of Americans filing for unemployment benefits surged by the most since 2012 to a 2-1/2-year high last week, as companies in the services sectors laid off workers because of the coronavirus pandemic.
United Nations Secretary-General Antonio Guterres warned on Thursday that a global recession "is a near certainty" and current national responses to the coronavirus pandemic "will not address the global scale and complexity of the crisis."
The spread of the coronavirus will have a short-lived, drastic impact on Armenia's economy, Economy Minister Tigran Khachatryan said on Thursday.
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.
London-based banks plan to keep trading floors open even in the event of a formal lockdown of the British capital, betting that their frontline staff will be treated by authorities as "key workers".
U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have traveled to regions with widespread outbreaks, industry experts said.
The British government has no plans to bring in blanket travel restrictions for London or to close down the capital's transport system, Prime Minister Boris Johnson's spokesman said on Thursday.