(Bloomberg) -- Deaths from the coronavirus in the U.S. passed Italy after New York reported 783 daily fatalities. New York City closed the nation’s biggest school system for the rest of the academic year.U.K. coronavirus fatalities exceeded 900 for a second straight day. Spain reported the fewest deaths since March 23 as governments there and across Europe seek to prepare for a return to public life.U.S. governors seek $500 billion in federal aid to offset economic hit from social distancing measures. Germany, Switzerland and Portugal were among countries reporting slower growth in cases or deaths.Key DevelopmentsBREAKING: U.S. virus deaths pass Italy after New York reports 783 daily deathsCoronavirus Tracker: Global cases exceed 1.7 million; deaths top 104,000New York City schools closed for rest of academic yearU.K. reports 917 new deaths, total rises to 9,875Spain has fewest fatalities since March 23Report indicates progress toward vaccineApple, Google plan contact-tracing phone appSenator Backs Immunity...
(Bloomberg) -- New York City Mayor Bill de Blasio closed the nation’s biggest school system for the rest of the academic year.U.K. coronavirus fatalities exceeded 900 for a second straight day. Spain reported the fewest deaths since March 23 as governments there and across Europe seek to prepare for a return to public life.U.S. deaths topped 2,000 in a single day, putting the nation on track to pass Italy for the world’s most fatalities. Germany, Switzerland and Portugal were among countries reporting slower growth in cases or deaths.Key DevelopmentsCoronavirus Tracker: Global cases exceed 1.7 million; deaths top 103,000New York City schools closed for rest of academic yearU.K. reports 917 new deaths, total rises to 9,875Spain has fewest fatalities since March 23Report indicates progress toward vaccineApple, Google plan contact-tracing phone appSenator Backs Immunity Database (10:30 a.m. NY)U.S. Senator Bill Cassidy, a Louisiana Republican, told CNN he supports setting up a national registry...
Bitcoin futures volume on two regulated platforms - CME Group and Bakkt - fell sharply last month.The post Bitcoin futures volume on CME and Bakkt fell sharply in March appeared first on The Block....
Businesses across the central Chinese city of Wuhan are gradually resuming operations after the lifting of a lockdown on April 8, 2020, nearly two and a half months after it was imposed to slow the spread of the deadly coronavirus. But few consumers are returning to restaurants and shopping centres since many are still worried about contracting Covid-19 as the outbreak continues, leaving small business owners facing an uncertain future....
(Bloomberg) -- The Trump administration wants the 12 largest U.S. airlines to repay a portion of the federal grants they receive to cover their payrolls during the coronavirus crisis.The large carriers, some of which are set to receive billions of dollars each in payroll assistance, are being offered aid packages that would require them to repay 30% of the grants through low-interest loans due within five years, two people familiar with the offers said.Treasury Secretary Steven Mnuchin began making calls to airlines to outline the terms on Friday, after a flurry of lobbying to speed the process of disbursing money from the $2 trillion virus aid legislation finalized on March 27. The people asked not to be named to discuss the offers that haven’t been made public.Airlines receiving $100 million or less in payroll assistance from the government won’t need to provide a financial stake or pay compensation, the Treasury Department...
