Bloomberg The European Union’s (EU) foreign and diplomatic wing said there’s evidence of a “coordinated push” by official Chinese sources to deflect blame for the coronavirus pandemic and promote its response to the virus. Official Chinese sources have been “publicising announcements and deliveries of bilateral assistance, with polls in certain countries showing China being perceived as more helpful in fighting …

Bloomberg India distributed about $14 each to more than 350 million people to ease their financial stress amid a nationwide lockdown enforced to prevent the coronavirus from spreading, the government said. The assistance totaling more than 370 billion rupees ($4.84 billion) was given under a state program named “PM Garib Kalyan,” KS Dhatwalia, a spokesman for the administration said. That’s …

Bloomberg The Trump administration faces significant hurdles in getting the Federal Reserve to help rescue an oil industry squeezed by plunging crude prices given the central bank’s aversion to helping specific industries and its lack of authority to help businesses that are insolvent. The Fed regards loan programmes aimed at a specific industry as credit allocation — something Chairman Jerome …