Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. One of the provisions tucked into the massive coronavirus relief bill approved by the Senate late Wednesday night restricts certain businesses that accept government loans in…
U.S. offers $58 billion aid to airlines as governments seek to avert bankruptcies
SINGAPORE/DUBAI (Reuters) – Governments stepped up efforts on Thursday to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid, Singapore promising to keep its carrier aloft, and Australia easing competition rules. AirAsia,…
Pilots’ union criticises UK’s coronavirus job retention scheme
LONDON (Reuters) – The union representing British pilots has described the government’s scheme to retain jobs through the coronavirus outbreak as confusing, lacking detail and taking too long to help those who are being laid off now. The British Airline…
After Senate vote, massive U.S. coronavirus bill moves to the House
WASHINGTON (Reuters) – The U.S. Senate’s unanimous passage of a $2 trillion coronavirus relief bill sent the unprecedented economic legislation to the House of Representatives, whose Democratic leaders hope to pass it on Friday. The Republican-led Senate approved the massive…
Trump expected to announce new travel restrictions between US and Mexico, Canada
President Trump is expected to announce Friday that he is restricting travel between U.S. and Mexico, and implementing additional restrictions with Canada, in the latest move by the administration to curb the spread of the novel coronavirus, Fox News has learned. It is…
Yang nonprofit giving out $1,000 payments to Bronx households amid coronavirus outbreak
Former 2020 Democratic presidential hopeful Andrew Yang announced Friday that his new nonprofit will distribute at least $1 million in $1,000 cash payments to 1,000 working households in New York amid the economic fallout from the coronavirus outbreak. Yang, a…
What is the STOCK Act?
Reports of multiple senators selling stocks before the coronavirus pandemic rocked the markets have renewed attention on something called the STOCK Act. The STOCK Act is a law that was passed in 2012 that says members of Congress and other government employees, including…
Senate Republicans introduce new coronavirus bill
WASHINGTON (Reuters) – U.S. Senate Majority Leader Mitch McConnell on Thursday introduced a massive new legislative package to combat the effects of the coronavirus outbreak, saying Republicans would soon begin negotiations with Democrats aimed at brokering a deal to pass…
U.S. Senate will seek deal on $1 trillion coronavirus economic aid package
WASHINGTON (Reuters) – U.S. Senate Majority Leader Mitch McConnell introduced emergency legislation on Thursday to stem the economic fallout from the coronavirus pandemic, and Republicans and Democrats agreed to meet on Friday to seek an agreement. The $1 trillion-plus package…
Trump says he would support government taking stake in certain companies
WASHINGTON (Reuters) – President Donald Trump on Thursday opened the door to a radical shift in the U.S. government’s relationship to private industry as the coronavirus outbreak upends the nation’s economy, saying he would back the government taking stakes in…