The government is offering debt and tax holidays and an $80 cash handout to needy families. "Losses of firms are being assessed. We are ready to provide financial support. Even self-employed people such as taxi drivers and hairdressers will be helped," Tebboune said
China is targeting a 2020 budget deficit of at least 3.6% of GDP, above last year's 2.8%, and fixed the quota on local-government special bond issuance at 3.75 trillion yuan ($527 billion), up from 2.15 trillion yuan, according to Li
Tim Walters, who was part of a "Reopen Maryland" protest over the weekend in which hundreds of people drove through the state capital Annapolis, said concerns about the virus must be kept in perspective and weighed against the economic toll of lockdowns
On Monday, it reported 637 fatalities in the previous 24 hours - a 5% increase in total and less than half the pace recorded a week earlier
A supply deal between OPEC, Russia and other producers, a group known as OPEC+, that had propped up oil prices for three years collapsed in March, just as the impact of lockdowns to limit the spread of the new coronavirus destroyed demand
"At the hospital level we are being able to give response to all the cases that are arriving but we are at the limit, we are at maximum stress," Catalan regional government chief Torra said in an interview
China should issue at least 2 trillion yuan ($282 billion) of such bonds to aid the economy, Morgan Stanley Chief China Economist Robin Xing said
It was the first time in nearly 70 years that the government canceled a raft of referendums. Votes in 1951 were abandoned due to the spread of foot and mouth disease
The carrier has announced temporary layoffs of 90% of its staff as the coronavirus outbreak brought global aviation to a near standstill.
Buckingham Palace said the couple were aware of the need to avoid taking any unnecessary risks and had reviewed their plans in light of government advice
The latest national death toll figures are due to be released later in the day. On Tuesday, the country-wide tally stood at 2,503
Italy is preparing measures to defend companies considered strategically important from foreign takeovers, two government officials said on Wednesda
New York - U.S. Senate Majority Leader Mitch McConnell expects the chamber on Wednesday to pass an economic relief bill already approved by the House of Representatives, and then work on legislation aimed at aiding small businesses
The country will initially spend 1 trillion pesos on the healthcare system and some 500 billion pesos on additional payments to social welfare programs for families, young people and the elderly, but can increase those figures as needed
During 2019, the port handled 5,231,418 loaded TEUs, surpassing the loaded imports handled by the Port of Long Beach, elevating the port to No. 2 in the nation for the first time in two decades
Seoul - South Korea’s auto exports are tipped to suffer a slump for the seventh consecutive year in 2019 in terms of volume due to lower demand in emerging markets
London - Exchange operator CME Group said on Tuesday it would be the first futures exchange to launch trading of three liquefied natural gas (LNG) freight futures contracts on Dec. 23
London - Fears about a shortage of diesel and other middle distillates stemming from new marine pollution regulations have receded, with distillate premiums falling to some of the lowest levels for two years
Boston - General Electric on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S. industrial conglomerate
Copenaghen - The European offshore wind industry needs an area equivalent to the size of Ireland to install enough turbines to reach carbon neutrality by 2050
A merger between Saipem and Subsea 7 “would create a truly global oilfield service giant with over $12.4 billion in revenue,” said Audun Martinsen, head of oilfield service research at Rystad Energy
London - U.S. sanctions imposed last month on subsidiaries of vast Chinese shipping fleet Cosco have given an unexpected boost to European refiners as less crude oil from the North Sea and West Africa heads east, traders and analysts said
London - BP Chief Executive Officer Bob Dudley is drawing up plans to step down next year, ending a tumultuous decade at the helm of the oil and gas company that swung from near collapse in 2010 to rapid growth
Oslo - Subsea equipment and SURF– subsea, umbilicals, risers, and flowlines – are the best-performing segments, with growth rates exceeding 10%
Seoul - Hyundai Heavy has agreed to pay a 47 million dollars fine to the U.S. authorities for selling engines that violated environmental rules in the country
Houston - The next wave of U.S. LNG export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, said the chief executive of Blackstone Group
Dubai - Qatar Petroleum and Shell agreed to establish a partnership to accelerate the development of liquified natural gas (LNG) fuelling infrastructure around the world
Beijing - China’s logistics business continued to expand in August, but the expansion rate was lower than the previous month
Hamburg - German wind turbine manufacturer Senvion has announced that it has entered into and exclusivity agreement with Siemens Gamesa
Moscow - Russian natural gas producer Gazprom’s export arm Gazprom Export said it was studying the legal and commercial consequences of a court ruling which reinstated curbs on gas flows via the Opal pipeline
