WASHINGTON (Reuters) – A Republican proposal introduced in the U.S. Senate on Thursday would grant up to $58 billion in secured loans to help passenger and cargo airlines hit by the coronavirus crisis, but bar cash grants and could result in the government getting equity stakes. Under the proposal, the U.S. Treasury Department could receive warrants, stock options, or stock […]
Read moreWASHINGTON (Reuters) – The Republican-led U.S. Senate was scrambling on Thursday to hammer out details of a $1 trillion-plus package to stem the economic fallout of the coronavirus pandemic, a crisis that has sparked a rare moment of bipartisanship. Senate Majority Leader Mitch McConnell is expected to introduce the stimulus bill on Thursday, but a vote appears to be days […]
Read moreSupermarkets will be allowed to work together to keep shelves stocked, shops open and delivery vans running as the UK battles coronavirus. The government will relax competition laws next week to allow stores to cooperate to keep Britons fed as they are being asked to isolate from each other. In a meeting with supermarket bosses and food industry chiefs on […]
Read moreBoris Johnson has said the UK “can turn the tide” against coronavirus in the next 12 weeks – as he revealed the government is in talks to buy “hundreds of thousands” of tests to reveal if people are immune. Speaking at a Downing Street news conference, the prime minister also said the first British patient had been put in a […]
Read moreWASHINGTON (Reuters) – U.S. lawmakers were rushing ahead on Thursday with forging a massive economic stimulus measure to counter the destructive impact of the coronavirus, with the Senate’s leader vowing not to let the chamber adjourn until the mission is accomplished. Although a few lawmakers expressed doubts about the yawning sums under discussion, with one Republican warning this week against […]
Read more(Reuters) – Bernie Sanders, the last major rival to front-runner Joe Biden in the Democratic presidential race, will reassess over the coming days whether to stay in the contest, his campaign manager said on Wednesday. Tulsi Gabbard, a U.S. representative from Hawaii, is also still in the contest despite barely registering in recent nominating primaries, leaving three candidates in a […]
Read moreLandlords will be blocked from kicking out people who cannot pay their rent because of job losses or having to look after their children for three months. The sweeping new powers were announced as the government came under pressure to give hard-pressed workers breathing space during the crisis. Boris Johnson and Chancellor Rishi Sunak had already promised a three-month mortgage holiday […]
Read moreWASHINGTON (Reuters) – The U.S. Senate overwhelmingly passed legislation on Wednesday providing billions of dollars to limit the damage from the coronavirus pandemic through free testing, paid sick leave and expanded safety-net spending. The bill, which was backed by President Donald Trump, now goes to him to be signed into law. Congress and the White House are discussing additional stimulus […]
Read moreSchools across the UK will shut their gates from Friday in a landmark move to deal with the coronavirus outbreak. Millions of British children will be sent home – meaning their parents are forced to stay home too to care for them. And sending children to live with grandparents is not an option because they are most at risk from […]
Read moreWASHINGTON (Reuters) – Bernie Sanders’ U.S. presidential campaign on Wednesday swiftly denied a report that he was abandoning his White House bid after bruising losses to Joe Biden in the most recent round of Democratic Party nominating contests. The story was “absolutely false,” the campaign communications director, Mike Casca wrote on Twitter. The report originated with Axios, which posted an […]
Read more