Business

NEW YORK (Reuters) – The coronavirus shockwaves rippling through U.S. stocks are forcing investors to contemplate outcomes more dire than a recession, including several quarters of declining economic activity, a credit crisis or even a depression. FILE PHOTO: A trader works on the floor of the New York Stock Exchange shortly as coronavirus disease (COVID-19)

FRANKFURT/LONDON (Reuters) – Two of Germany’s largest banks have temporarily shut hundreds of branches, while Italian lenders have shortened opening hours as they grapple with staff shortages and the spread of coronavirus. A company logo is pictured at the headquarters of Germany’s Commerzbank AG during the annual results news conference in Frankfurt, Germany, February 13,

NEW YORK (Reuters) – A massive rollout of easing measures by the Federal Reserve served to deepen some investors’ anxiety over how effectively policymakers will be able to mitigate the economic damage from a spreading coronavirus pandemic. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah

FILE PHOTO: The corporate logo of Ford is seen at Brussels Motor Show, Belgium January 9, 2020. REUTERS/Francois Lenoir MADRID (Reuters) – Ford (F.N) said on Sunday it would shut its Spanish plant in the eastern region of Valencia for one week starting on Monday after three employees tested positive for coronavirus. “We have had

WASHINGTON/CHICAGO (Reuters) – American Airlines Inc said Saturday it plans to cut 75% of its international flights through May 6 and ground nearly all its widebody fleet, as airlines respond to the global collapse in travel demand due to the coronavirus pandemic. FILE PHOTO: A Delta Air Lines Boeing 737-800 plane sits at the gate

FILE PHOTO: The Royal Caribbean cruise ship Anthem of the Seas is docked after passengers were removed with possible coronavirus symptoms at the port of Bayonne, New Jersey, U.S., February 7, 2020. REUTERS/Bryan R Smith (Reuters) – Royal Caribbean Cruises Ltd (RCL.N) said on Saturday it has suspended the voyages of its fleet globally from

WASHINGTON (Reuters) – The U.S. telecoms regulator said Friday that major internet providers – including Comcast Corp, AT&T Inc and Verizon Communications Inc – agreed not to terminate service for subscribers for the next 60 days if they are unable to pay their bills due to disruptions caused by the coronavirus. FILE PHOTO: People look

FILE PHOTO: Airplanes of German carrier Lufthansa stand at the air terminal of Frankfurt Airport, Germany, March 12, 2020. REUTERS/Ralph Orlowski BERLIN (Reuters) – German flagship carrier Lufthansa (LHAG.DE) said on Friday it is planning to request state aid from several European governments to weather the fallout from the coronavirus outbreak. The airline group, which

OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau will be in isolation for two weeks after his wife, Sophie, tested positive for coronavirus on Thursday, and the outbreak prompted the province of Ontario to shutter schools to limit the spread. FILE PHOTO: Canada’s Prime Minister Justin Trudeau and his wife Sophie Gregoire Trudeau leave Rideau

FILE PHOTO: A logo of VW is pictured at a Volkswagen dealership in Camas, near Seville, southern Spain November 5, 2015. REUTERS/Marcelo del Pozo/File Photo BERLIN (Reuters) – Volkswagen’s (VOWG_p.DE) expansion in electric cars will open up new business opportunities in storing and managing energy, encroaching on business currently dominated by utilities and energy firms,

FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda attends a news conference in Tokyo, Japan, January 21, 2020. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Thursday that the central bank was dealing with the coronavirus’s impact on the economy and that he was ready to respond with further steps

U.S. Senator John Thune (R-SD) faces reporters as he emerges from the weekly Senate Republicans policy lunch in the U.S. Capitol in Washington, U.S., October 16, 2019. REUTERS/Siphiwe Sibeko WASHINGTON (Reuters) – U.S. Senator John Thune said on Wednesday he believes the Trump administration is evaluating use of the Strategic Petroleum Reserve, and other measures,

WASHINGTON (Reuters) – President Donald Trump met with fellow Republicans in the U.S. Senate on Tuesday to discuss a fiscal stimulus plan to bolster the nation’s economy in the face of the coronavirus outbreak. Any plan the White House introduces will need to be approved by both houses of the U.S. Congress. Expect Democrats, who

(Reuters) – Leading U.S. airlines American (AAL.O) and Delta (DAL.N) suspended 2020 financial forecasts on Tuesday and took drastic further measures to combat the impact of the coronavirus, while United (UAL.O) announced a capital raising and said it would post a first-quarter loss. An American Airlines airplane sits on the tarmac at LAX in Los

(Reuters) – Here is a list of international sports events hit by the outbreak of a coronavirus: FILE PHOTO: A woman wearing a protective face mask, following an outbreak of the coronavirus, walks past a banner for the upcoming Tokyo 2020 Olympics in front of the Tokyo Metro Government building in Tokyo, Japan, March 6,

NEW YORK/LONDON (Reuters) – Global stock markets plunged on Monday and crude oil prices tumbled by as much as a third after Saudi Arabia launched a price war with Russia, sending investors already spooked by the coronavirus outbreak fleeing for the safety of bonds and the Japanese yen. European stocks suffered hefty losses and a