U.S. auto industry to begin reopening plants in recovery from pandemic
(Reuters) – The U.S. auto industry is slowly returning to life, with vehicle assembly plants scheduled to reopen on Monday and suppliers gearing up in support as the sector that…
UK’s COVID-19 death toll tops 38,000, worst in Europe
LONDON (Reuters) – The United Kingdom’s COVID-19 death toll topped 38,000 as of early May, by far the worst yet reported in Europe, raising questions about Prime Minister Boris Johnson’s…
Coronavirus deals U.S. economy Great Depression-like job losses, high unemployment
WASHINGTON (Reuters) – The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, laying bare both the economic and human…
U.S. unemployment rolls seen swelling as coronavirus restrictions bite
WASHINGTON (Reuters) – Millions more Americans likely sought unemployment benefits last week, suggesting a broadening of layoffs from consumer facing industries to other segments of the economy and could remain…
China crude oil runs hit 15-month low as virus cripples demand
BEIJING/SINGAPORE (Reuters) – China’s daily crude oil throughput in March sank to a 15-month low with state refiners maintaining deep output cuts as the coronavirus pandemic erodes demand, but there…
Economists see uneven jobs recovery, high U.S. unemployment through 2021
WASHINGTON (Reuters) – The trillions of dollars in cash and loans unleashed by the Federal Reserve and U.S. political leaders in recent weeks is meant to build a financial bridge…
How COVID-19 affected U.S. consumer prices in March
(Reuters) – Coast-to-coast shutdowns of businesses and stay-at-home orders from the effort to contain the new coronavirus pandemic took their toll on U.S. consumer prices in March, sending them down…
U.S. six-month deficit rises to $744 billion ahead of virus budget storm in April
WASHINGTON (Reuters) – The United States racked up a $744 billion budget deficit in the first half of fiscal 2020, up 8% from a year earlier, the Treasury said on…
Britain set to isolate over-70s as coronavirus deaths rise to 35
LONDON (Reuters) – Britain will isolate older people “within weeks” and force into quarantine anyone diagnosed with coronavirus, the government said as it stepped up measures that have so far…
Malaysia virus tally hits highest in Southeast Asia due to mosque event
A customer wearing a protective mask, shops at a supermarket, following the outbreak of coronavirus, in Kuala Lumpur, Malaysia March 15, 2020. REUTERS/Lim Huey Teng KUALA LUMPUR (Reuters) – Malaysia…