Hillary Clinton Puts Donald Trump On Notice Over His Coronavirus Drug Advice

Hillary Clinton has made it crystal clear what she thinks of President Donald Trump’s hyping of unproven treatments for the coronavirus. Trump in recent weeks has repeatedly promoted the use of the anti-malarial drug hydroxychloroquine as a potential cure or treatment for COVID-19, contrary to the advice of the Food and Drug Administration and other government agencies that have warned against its use. […]

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Millions of PPP Loan-Forgiveness Requests Are About to Rain on Banks

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Banks are preparing for a flood of applications for loan forgiveness under the U.S. Paycheck Protection Program, marshaling staff to help borrowers navigate a complicated process that recalls the fraught early days of the […]

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China Manufacturing Sector Contracts Marginally

China’s manufacturing sector conditions weakened slightly in April as the impact of the coronavirus globally led to a substantial fall in export sales, survey results from IHS Markit showed Thursday. The Caixin manufacturing Purchasing Managers’ Index fell unexpectedly to 49.4 in April from 50.1 in March. A score below 50 indicates contraction in the sector. The score was expected to […]

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Stocks Climb With U.S. Futures on Easing Lockdowns: Markets Wrap

In this article European stocks rose alongside U.S. equity futures on Tuesday, with sentiment buoyed as more economies moved toward easing their coronavirus lockdowns. Oil gained for a fifth day, on course for its longest winning streak in nine months. Almost every sector climbed as the Stoxx Europe 600 advanced after slumping a day earlier and missing out on a […]

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The coronavirus has exposed the imbalances in modern Britain

The words are straining to come out. Boris Johnson hero worships Winston Churchill so it is obvious how the prime minister will pitch this week’s announcement of the plan to get Britain out of lockdown. In late 1942, victory in the North African desert had suggested that the tide of the war might have turned but Churchill was cautious. “Now […]

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NBCUniversal’s Cost-Cutting Push to Include Significant Job Cuts

NBCUniversal’s aggressive plan to streamline the media business during the coronavirus crisis will include job cuts, according to a person familiar with the situation. Jeff Shell, who runs the Comcast Corp. division, said this week that he was seeking ways to cut costs, saying NBCUniversal would ultimately emerge as a “a different company.” Headcount could be significantly reduced in the […]

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Maruti not to resume production despite permission from the authorities

Earlier, the Haryana government issued a permission certificate to the company saying the “authorised strength” of the company during the lockdown period would be 4,696 persons and 50 vehicles Exactly a month after the Maruti Suzuki India Limited shut down its production and office operations across Haryana, the company’s Manesar plant was on April 22 granted the permission to resume […]

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Airlines withholding $10B in cash from customers, lawmakers say

US airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday. Many US airlines are canceling 60 percent to 80 percent of their flights, and under federal law passengers on those flights are entitled to full refunds, Senators Ed Markey, […]

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