Bloomberg Italy extended a national lockdown until May 3, rejecting calls by business leaders to allow a gradual restart of the economy. The decision reflects a pattern playing out in many parts of Europe as health officials and politicians warn against letting up too early on restrictions to stem the spread of the coronavirus and avoid a second wave of ...

Bloomberg The disruption caused by the fallout from coronavirus outbreak is the last thing Spain’s car industry needs. Already under pressure from the shift to electric vehicles, the pandemic risks raising uncomfortable questions for Europe’s second-largest auto producer. As auto bosses plot their course for the years ahead — with less money to spread around — Spain could come up ...

Bloomberg Caterpillar Inc. is in discussions with banks to raise a new $3 billion 9-month revolving credit facility. The deal could be increased to about $5 billion in total and will help boost the construction equipment company’s liquidity, the people said. Representatives for Citibank, which is leading the deal, and Caterpillar declined to comment. Other banks on the deal include ...