Coronavirus latest: Russia to send medical supplies to US

Coronavirus latest: Russia to send medical supplies to US
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Mexico City to shut stores and parks to slow Covid-19 spread The nation’s capital will shut shopping centres, department stores and parks from Wednesday after the federal government called on citizens across the country to stay at home for a month to slow the coronavirus spread.

Ireland records its highest single-day death toll The country has reported 17 further coronavirus deaths, the highest in a single day, amid concern in the government about increased cases among healthcare staff who now make up about a quarter of infections.

Honduras taps IMF loan to meet coronavirus expenses Honduras has tapped $143m from a IMF stand-by facility — about half of its total funds — to meet higher healthcare and social expenses arising from coronavirus. The funds come from a $312m stand-by agreement and credit facility approved last July.

Greece puts northern towns and villages into quarantine Civil protection authorities have put several towns and villages across northern Greece into quarantine after they reported a steady rise in coronavirus cases over the past 10 days.

Invesco’s Barnett hit by 60% writedown on unlisted holdings Invesco’s Mark Barnett has applied for a 60 per cent write-down to the values of unquoted companies held in the £3.4bn High Income and £1.5bn Income funds, resulting in falls of around 5 per cent in the funds’ net asset values.

Trump to grant 90-day suspension for some US tariffs Donald Trump was poised to announce a 90-day suspension of tariff payments on certain US imports, including some apparel and light trucks, as his administration seeks to blunt the damage to the economy from the expanding coronavirus pandemic.

Dyson names new CEO as it readies to make ventilators Dyson has replaced its chief executive with Roland Krueger, the man who was in charge of its abandoned electric car project, as the company prepares to manufacture thousands of ventilators for treating coronavirus patients.

Portugal’s TAP airline to temporarily lay off 90% of staff The carrier is to lay off 90 per cent of its 10,000 workers for at least a month as it cuts flights to a bare minimum because of the coronavirus pandemic.

SocGen abandons 2020 financial targets, cancels dividend The French bank said it was abandoning its financial targets for 2020 due to “uncertainties related to the magnitude and duration of the Covid-19 pandemic”.

Source : FT | NewsColony: Business News

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