Coronavirus crisis: China eases lockdown in Wuhan where the pandemic began – BBC News
The Chinese city of Wuhan where Covid-19 first emerged has allowed people to leave the area for the first time since it went into lockdown in January. source
U.S. eases criminal record provision in coronavirus business loan program
FILE PHOTO: U.S. President Donald Trump signs the Paycheck Protection Program and Health Care Enhancement Act financial response to the coronavirus disease (COVID-19) outbreak, in the Oval Office at the…
Lufthansa accepts tweaked demands by Brussels over state bailout
BERLIN/FRANKFURT (Reuters) – Lufthansa’s management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government…
Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News
Jaguar Land Rover unveils the new Jaguar F-Type model during its world premiere in Munich, Germany, December 2, 2019. REUTERS/Michaela Rehle (Reuters) – Jaguar Land Rover (TAMO.NS) is in talks…
Qantas extends flight cancellations for two more months, raises more debt
FILE PHOTO: Workers can be seen near Qantas Airways, Australia’s national carrier, Boeing 737-800 aircraft on the tarmac at Adelaide Airport, Australia, August 22, 2018. REUTERS/David Gray/File Photo (Reuters) –…
UBS posts 40% first-quarter net profit rise as transaction levels jump
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – The world’s largest wealth manager, UBS (UBSG.S), reported a…
U.S. payroll protection program: What has changed in round two?
WASHINGTON (Reuters) – The Small Business Administration on Monday began allowing lenders to process $310 billion in funds for the second round of its program to help cover payroll costs…
Exclusive: Investors to challenge Neiman Marcus bankruptcy loan, push for sale – sources
(Reuters) – An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point LLC plans to challenge a $600 million financing package that…
U.S. will cap how much each bank can lend under emergency coronavirus program: memo
FILE PHOTO: A person in a mask walks on a nearly empty street in the coronavirus outbreak near the Treasury Department in Washington, U.S. March 30, 2020. REUTERS/Jonathan Ernst WASHINGTON…
U.S. approves $168 billion of small business loans under coronavirus plan: Kudlow
FILE PHOTO: White House National Economic Council Director Larry Kudlow speaks during a “small business relief update” video conference call event with banking executives to discuss the U.S. government’s rescue…