[ad_1] WASHINGTON (Reuters) – President Donald Trump laid out new guidelines on Thursday for U.S. states to emerge from a coronavirus shutdown in a staggered, three-stage approach meant to revive the U.S. economy even as
French town’s empty main street tells tale of virus impact
[ad_1] STIRING-WENDEL, France (Reuters) – The COVID-19 outbreak forced Shirley Lind to close the hairdressing salon she runs in a French town near the German border. She has instead been volunteering as a porter at
Exclusive: Italy sees 2020 budget deficit near 10% of GDP – source
[ad_1] ROME (Reuters) – Italy’s budget deficit will be near 10% of gross domestic product this year, a senior government official told Reuters, as Rome increases borrowing to try to soften the impact of the
Nokia shares surge on report of takeover bid
[ad_1] FILE PHOTO: The logo of Nokia is seen before the company’s news conference in Espoo, Finland March 2, 2020. Lehtikuva/Markku Ulander via REUTERS/File photo (Reuters) – Nokia declined to comment on Thursday on a
Morgan Stanley profit plunges, warns of more pain ahead
[ad_1] (Reuters) – Morgan Stanley (MS.N) Chief Executive Officer James Gorman warned that the bank would take “longer to achieve” its medium-term financial targets due to the coronavirus crisis, after its first-quarter profit slumped by
Hazmats and home deliveries: how one Iberian ham producer is countering coronavirus
[ad_1] MADRID (Reuters) – Having lived through animal-related influenzas like SARS and H1N1, Iberian ham producer Joselito was quick to enhance quality controls with tougher sanitary measures when the coronavirus hit. But the near-total paralysis
Millions unemployed, homebuilding collapses as coronavirus ravages U.S. economy
[ad_1] WASHINGTON (Reuters) – A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, almost wiping out all the job gains since the Great Recession
New York forms team to develop ‘Trump-proof’ economic reopening plan
[ad_1] (Reuters) – New York Governor Andrew Cuomo has tapped high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart pressure from President Donald Trump to move
Exclusive: Hedge fund Elliott says stocks could fall 50% from February highs – letter
[ad_1] BOSTON (Reuters) – Billionaire Paul Singer’s Elliott Management said global stocks could tumble further, ultimately losing half or more of their value from February’s high, as the world braces for the deepest recession since
Sales drop at Vuitton owner LVMH as virus forces store closures
[ad_1] PARIS/MILAN (Reuters) – Louis Vuitton owner LVMH on Thursday posted a 17% drop in comparable sales in the first quarter due to the coronavirus pandemic, as government-imposed lockdowns in China and Europe forced it