Friday 20 March 2020

Wall Street notches worst weekly decline since 2008

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Wall Street notches worst weekly decline since 2008

Wall Street wrapped up its worst week since October 2008, with the S&P 500 sliding more than 4% on Friday as New York and California imposed tough restrictions to keep people at home to try to contain the spread of the coronavirus.

Blackrock to freeze global hiring for 'a few weeks' amid coronavirus: source

Blackrock , the world's largest asset manager, will freeze global hiring for "a few weeks" amid the coronavirus pandemic, a source familiar with the situation said on condition of anonymity.

McDonald's suspends buybacks, leaves dividend policy unchanged: CEO to CNBC

McDonald's Corp has suspended share buybacks to help it navigate thorough the coronavirus crisis, but has not changed its dividend policy, Chief Executive Officer Chris Kempczinski told CNBC https://www.cnbc.com/2020/03/20/mcdonalds-suspended-its-15-billion-buyback-program-several-weeks-ago.html?__source=twitter%7Cmain in an interview on Friday.

Factbox: Latest on the spread of the coronavirus around the world

The world's richest nations poured unprecedented aid into the global economy as coronavirus cases ballooned in the new epicentre, Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated.

Coronavirus deaths in Italy overtake China as economic damage mounts

The world's richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicentre Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated.

Coronavirus death toll in Italy's Lombardy jumps some 380 in a day -source

The death toll from an outbreak of coronavirus in the northern Italian region of Lombardy, which has borne the brunt of a nationwide contagion, has risen by around 380 in a day to some 2,550, a source said on Friday.

Coronavirus death toll in UK rises by 33 to 177

A total of 177 patients have died in the United Kingdom after testing positive for coronavirus, the health ministry said on Friday, up from 144 on Thursday.

Stretched British supermarkets step up hiring to weather coronavirus epidemic

With food flying off the shelves as fast as exhausted shop assistants can replenish them, British supermarkets have stepped up their hiring to see them through the coronavirus crisis.

WHO message to youth on coronavirus: 'You are not invincible'

Coronavirus can sicken or kill young people as well and they must also avoid mingling and spreading it to older and more vulnerable people, the World Health Organization said on Friday.

Lyft drivers can join new delivery service, founders donate salaries

Lyft Inc on Friday told drivers they could sign up for work driving deliveries under a new service as ride-hailing demand plummets during the rapid spread of coronavirus in the United States.

This is no 2008: Mnuchin borrows from Paulson's economic crisis playbook

U.S. Treasury Secretary Steven Mnuchin has stepped into the breach as the Trump administration's point man to rescue the economy from coronavirus devastation, taking on the role his former Goldman Sachs boss, Hank Paulson, played over a decade ago.

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