Loans and guarantees to businesses, state and local governments: $500 billion. Includes up to $50 billion for passenger airlines, $8 billion for cargo carriers, $17 billion for "businesses critical to maintaining national security." Companies accepting loans may not repurchase outstanding stock; must maintain their employment levels as of March 13, 2020 "to the extent practicable";…
But a supply agreement can do little in the face of a huge demand shockEARLY IN MARCH the oil market’s central banker seemed to go berserk. Saudi Arabia, the most powerful member of the Organisation of the Petroleum Exporting Countries (OPEC), has long adjusted its supply to help stabilise the price of crude. Russia had…
The COVID-19 pandemic has upended the lives of billions of people around the world. For many parents with young children in the United States, shelter-in-place orders implemented in different areas over the past few weeks mean they now spend each day balancing work with taking care of their families. For child care providers, a vital…
Brazil has become a major way station for cocaine heading from South America to Europe.In the process, Brazilian gangs have become major players in that trade, partnering with European criminal groups to distribute those drugs.Visit Business Insider's homepage for more stories. SANTOS, Brazil (Reuters) - Years of rooting out drugs at the Brazilian seaport of Santos had given…
Image copyright Reuters Image caption Iraqi troops train with US soldiers at the Taji base. File image Three people have been killed after a base hosting US and UK troops in Iraq was hit by a rocket attack.At least 12 people were injured in the attack on the Taji military camp, north of Baghdad.US military…
A $2 trillion stimulus package is moving forward in the United States, Google Podcasts comes to iOS and ClassPass offers livestreamed fitness classes. Here’s your Daily Crunch for March 25, 2020. 1. Senate, White House reach deal on $2 trillion stimulus package to lessen COVID-19’s economic impact After five days of negotiations, Senate leaders and…
Swedish telehealth startup Kry has launched a tool for healthcare professionals to conduct remote consultations during the coronavirus pandemic. Calls for EU citizens to self isolate to reduce the spread of COVID-19 is driving major demand for video appointments, it said. The platform — Care Connect by Kry — is launching in Europe, with ten…
REUTERS/Ahmed Jadallah Saudi Aramco said Wednesday it will boost production to 13 million barrels a day from 12 million, while Abu Dhabi National co. said it will increase output to 4 million barrels per day in April. The increased production further escalated a global price war between OPEC and its allies. Brent crude fell 3.6%…
The coronavirus death toll in America doubled in the span of just two days as new potential hotspots emerge in urban centers around the country. The US currently leads the world in coronavirus infections with 123,778 reported as of Sunday morning. The death toll surpassed 2,100 on Saturday, doubling figures reported two days earlier.  New York City remains…
Image copyright Getty Images Image caption Coronavirus information is handed to Iraqi passengers returning from Iran Iran has confirmed almost 6,000 coronavirus infections and 145 deaths as the number of cases worldwide passed 100,000, officials say.A second MP was reportedly among those to have died in Iran, where health officials fear the number of cases…
Loans and guarantees to businesses, state and local governments: $500 billion. Includes up to $50 billion for passenger airlines, $8 billion for cargo carriers, $17 billion for "businesses critical to maintaining national security." Companies accepting loans may not repurchase outstanding stock; must maintain their employment levels as of March 13, 2020 "to the extent practicable";…
The concept of nuclear winter -- a years-long planetary freeze brought on by airborne soot generated by nuclear bombs -- has been around for decades. But such speculations have been based largely on back-of-the-envelope calculations involving a total war between Russia and the United States. Now, a new multinational study incorporating the latest models of…
Apple's iPhone factories in India are closing temporarily, after the Indian government ordered the country's population of 1.3 billion people to stay at home for at least three weeks in a bid to reduce the spread of coronavirus. The factories in India have suspended production until at least April 14 following the nationwide lockdown ordered…
But a supply agreement can do little in the face of a huge demand shockEARLY IN MARCH the oil market’s central banker seemed to go berserk. Saudi Arabia, the most powerful member of the Organisation of the Petroleum Exporting Countries (OPEC), has long adjusted its supply to help stabilise the price of crude. Russia had…
