Bloomberg The European Union (EU) announced a plan to discourage businesses in the countries’ worst hit by the coronavirus from firing workers as they struggle to make ends meet. Amid criticism that the EU has done too little to mitigate the economic impact of the pandemic, the European Commission signaled that it will use central funds to pay companies to ...

Bloomberg Carmakers gave an early glimpse of the damage a global pandemic is doing to the US auto market, with General Motors Co. and Fiat Chrysler Automobiles NV falling short of estimates and the industry selling vehicles at the slowest pace in a decade. Sales fell 7.1% for GM and more than 10% for Fiat Chrysler in the first three ...

Bloomberg President Donald Trump warned that deaths from the coronavirus in the US will escalate over the next one to two weeks, and could be on par with the number of fatalities seen in world wars. “There’s going to be a very, very deadly period, unfortunately,” Trump told reporters at the White House. The president said that as the number ...