Business & Finance News
The Federal Communications Commission (FCC) said Friday that major internet providers — including Comcast Corp, AT&T Inc and Verizon Communications Inc — have agreed to not terminate service for the next 60 days if they are unable to pay their bills due to the disruptions caused by the coronavirus.
A rebound on Wall Street on Friday fizzled out following reports that President Donald Trump was set to declare a national emergency to tackle the rapidly spreading coronavirus outbreak.
Activist investor Elliott Management said on Friday it supports SoftBank Group Corp’s latest move to buy back up to $4.8 billion of its shares.
U.S. stock indexes erased early gains to trade just above 1% shortly after a report said President Donald Trump will declare a national emergency over the coronavirus pandemic.
British Prime Minister Boris Johnson has cautioned that more families will lose their loved ones to the coronavirus but has taken a distinctly different approach to tackling the outbreak.
U.S. automakers General Motors Co and Ford Motor Co said on Friday they will have most of their white-collar workforce working remotely as of Monday to protect against the spread of the coronavirus.
British Airways warned that its survival was at stake on Friday as its CEO told staff of plans to cut jobs and ground aircraft to tackle the “worsening situation” caused by coronavirus.
Romanian President Klaus Iohannis asked quarantined interim Prime Minister Ludovic Orban to form a new government on Friday that parliament could approve as early as Saturday, ending a political stalemate and focusing on the coronavirus crisis.
The Chinese city of Wuhan, ground zero of the coronavirus outbreak, reported just five new cases on Friday, the second day in a row the tally has been less than 10, while no locally transmitted infections were reported in the rest of the country.
Warren Buffett on Friday said the coronavirus pandemic forced him to cancel Berkshire Hathaway Inc’s annual shareholder weekend, the largest gathering in corporate America, because the safety of participants and the wider community was paramount.
Oil prices were set for their biggest weekly slide since the 2008 financial crisis despite a 4% bounce on Friday, as the coronavirus outbreak threatened demand and crude producers promised more supply.
The U.S. Food and Drug Administration (FDA) issued emergency authorization for a faster coronavirus test made by Swiss diagnostics maker Roche and allowed New York state to authorize certain labs to test for the virus, moves aimed at boosting screening capacity to help contain the growing epidemic.
U.S. Treasury Secretary Steven Mnuchin on Friday said he expected the U.S. economic hit from the coronavirus outbreak to be short-term, and that the Trump administration was keeping its options open for any other future steps that may be needed.
Canada may soon advise against non-essential foreign travel, and it will be taking a number of new measures at airports in a bid to slow the spread of coronavirus, Prime Minister Justin Trudeau said on Friday.
The number of deaths in people with the coronavirus in the Netherlands has doubled to 10, Dutch health authorities said on Friday.
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