March 26, 2020

Hedge fund manager to lead Norway sovereign fund after $124 billion loss

Norway’s sovereign wealth fund, the world’s largest, named a London-based hedge fund manager as its new chief executive on Thursday and said it had lost $124 […]
March 26, 2020

Fed’s Powell: U.S. may be in recession, control of virus to dictate timing of economy reopening

The United States “may well be in recession” but progress in controlling the spread of the coronavirus will determine when the economy can fully reopen, Federal […]
March 26, 2020

Czech breweries roll back the barrels, turn to bottles and cans

Czech breweries — including Pilsner Urquell and Budejovicky Budvar — have stopped refilling kegs and started storing their beer in cooled cellars as they seek to […]
March 26, 2020

U.S. weekly jobless claims soar to record 3.28 million

The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain the […]
March 26, 2020

Wall St. rallies for third day as job losses stir talk of more stimulus

Wall Street surged on Thursday as record weekly jobless claims came in below investors’ worst fears, while also making a strong case for more aggressive stimulus […]
March 26, 2020

Pelosi expects bipartisan House vote for $2 trillion coronavirus bill Friday

U.S. House Speaker Nancy Pelosi said she expected the chamber to pass an estimated $2.2 trillion coronavirus relief bill when it meets on Friday, after the […]
March 26, 2020

Factbox: What’s in the $2.2 trillion Senate coronavirus rescue package

The U.S. Senate on Thursday unanimously approved an unprecedented stimulus package to alleviate the devastating economic impact of the coronavirus pandemic. Powered by WPeMatico
March 26, 2020

Senate passes $2 trillion bill for ‘strange and evil’ coronavirus crisis

The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as […]
March 26, 2020

Wendy’s to ease payments for franchisees to stem coronavirus fallout

Fast-food chain Wendy’s Co said on Thursday it would defer rent and ease royalty and marketing fee payments for franchisees, amid growing pressure in the restaurant […]
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