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March 28, 2020

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IMF chief: 'Clear we have entered recession'

IMF chief: 'Clear we have entered recession'
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The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday."It is clear that we have entered a recession" that will be worse than in 2009 fol

US navy hospital ship reaches virus-struck Los Angeles

US navy hospital ship reaches virus-struck Los Angeles
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A giant US naval hospital ship arrived in Los Angeles Friday, where it will be used to ease the strain on the city's coronavirus-swamped emergency rooms.The USNS Mercy, which docked in the Port of Los Angeles, will quickly become the city's largest hospital

GM, Ford promise more ventilators after Trump criticism

GM, Ford promise more ventilators after Trump criticism
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US auto giant General Motors announced a joint venture to rapidly produce much-needed ventilators Friday, shortly after President Donald Trump took to Twitter to criticise the company.With the country's supply of ventilators heavily strained by the coronaviru

Mnuchin pledges speedy delivery of cash to Americans

Mnuchin pledges speedy delivery of cash to Americans
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US Treasury Secretary Steven Mnuchin on Friday pledged to quickly send cash to Americans as part of the a massive $2.2 trillion relief package aimed at rescuing the coronavirus-battered economy.President Donald Trump is expected to sign the measure later Frida

China dialing back virus conspiracy claims, US says

China dialing back virus conspiracy claims, US says
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China has retreated from spreading conspiracy theories online in the developing world alleging US involvement in the coronavirus pandemic after finding limited traction, a US official said Friday.The State Department's Global Engagement Center, which is in ch



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