[ad_1] AMSTERDAM (Reuters) – A Dutch company that usually makes portable rooms for festivals has switched its business model for the coronavirus crisis, revamping cabins into spaces where the elderly can safely meet visitors. The
China in the driver’s seat amid calls for Africa debt relief
[ad_1] JOHANNESBURG/BEIJING/WASHINGTON (Reuters) – Support is growing for debt relief to help the world’s poorest, indebted nations – most of them in Africa – confront the economic havoc wreaked by COVID-19. But there is one
JPMorgan profit dives as banks brace for coronavirus-led loan defaults
[ad_1] (Reuters) – JPMorgan Chase & Co’s profit plunged by more than two-thirds in the first quarter as the largest U.S. bank put aside nearly $7 billion in reserves to protect it from a wave
Global economy in 2020 on track for sharpest downturn since 1930s: IMF
[ad_1] WASHINGTON (Reuters) – The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s,
Fed’s Bullard: Restart of U.S. economy hinges on risk management
[ad_1] FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File Photo WASHINGTON (Reuters) – The shutdown due to the coronavirus pandemic is
Wells Fargo profit decimated as coronavirus-led loan defaults loom
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) on Tuesday reported a plunge in first-quarter profit as the U.S. bank set aside nearly $4 billion to cover potential losses on loans to consumers and small
J&J sees recovery in coronavirus-hit medical devices unit at end of year
[ad_1] (Reuters) – Johnson & Johnson on Tuesday said it expects its medical device business to begin recovering in the fourth quarter as elective medical procedures delayed by the coronavirus pandemic start to resume. FILE
Oil producers pin hopes for massive cuts on unprecedented stocks purchases
[ad_1] LONDON (Reuters) – An unprecedented deal by oil producers to curb supply to match demand hollowed out by the coronavirus pandemic is set to depend partly on purchases by consumer countries for their strategic
Oil slides as producer cuts fail to banish demand fears
[ad_1] LONDON (Reuters) – Oil prices plunged again on Tuesday as investors were unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic. FILE PHOTO: Oil pump jacks work at sunset
J&J beats profit estimates but coronavirus fuels forecast cut
[ad_1] (Reuters) – Johnson & Johnson (JNJ.N) on Tuesday beat analysts’ estimates for first-quarter profit on higher sales of its cancer drugs and consumer products including Tylenol, while cutting its full-year forecast due to coronavirus