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Covid-19 outbreaks rip through European slaughterhouses

Bloomberg More than 1,000 workers at European slaughterhouses have contracted Covid-19, highlighting the growing challenges the global meat industry faces from the pandemic. In Ireland, 556 workers in 10 meat-processing facilities tested positive as of last week, the nation’s health department said. The Robert Koch Institute, which publishes daily Covid-19 reports in Germany, said there have been outbreaks at plants ...

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US futures rise, Europe stocks drop; dollar dips

Bloomberg Caution hung over markets on Wednesday, with European stocks falling following a late drop on Wall Street, and US equity futures edging higher alongside Asian benchmarks. Treasuries climbed, while oil futures slipped. Declines in travel and auto shares pulled the Stoxx Europe 600 Index lower, as corporate earnings continued to underscore the devastating impact of the coronavirus pandemic. The ...

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Stocks in India soar after Modi pledges $265bn package

Bloomberg Stocks in Asia’s third-largest economy jumped the most in almost two weeks after Prime Minister Narendra Modi said his government will spend a total of 20 trillion rupees ($265 billion) to help India weather the fallout of coronavirus pandemic. The S&P BSE Sensex index gained 2.5% to 32,164.6 as of 11:13 am in Mumbai. The Nifty 50 rose 2.5%. ...

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