Coronavirus smashes UK economy with unprecedented force: PMI

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Coronavirus smashes UK economy with unprecedented force: PMI

LONDON (Reuters) – Britain’s economy is shrinking at a record pace, faster than during the 2008-09 financial crisis, as businesses across the services sector shut up shop in face of the coronavirus, a survey showed on Tuesday. People stand apart as they …
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Global Stocks Rise After US Fed Promises Economic Support

BEIJING (AP) — Global stock markets and U.S. futures surged Tuesday after the Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. Tokyo advanced more than 7% and Frankfurt …
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Gilead Sciences Jumps Higher After FDA Gives Coronavirus Treatment 'Orphan Drug' Status

Gilead Sciences (GILD) – Get Report shares jumped higher in pre-market trading Tuesday after the U.S. Food & Drug Administration gave its nascent cornavirus treatment special status that could allow it to come to market faster than through a typical approval …
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Publix starts senior shopping hours on Tuesday

GREENVILLE, N.C. (WITN) – Seniors are more vulnerable to the spread of the coronavirus. That’s why Publix is trying to offer some peace of mind. They’re starting senior shopping hours on Tuesday at 7 a.m.. This is just for customers 65 and older. They’re …
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REFILE-UPDATE 1-GLOBAL ECONOMY-Surveys show coronavirus pandemic savaging global economy

(Updates bullet, fixes typo in headline). * Australia, Japan, European PMIs show severe contraction in activity. * U.S. PMI later on Tuesday seen at multi-year lows. * Investors “unconvinced” by unprecedented central bank stimulus. By Leigh Thomas and …
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