Bloomberg Germany took a step towards declaring a state of emergency to unlock a historic rescue package to cushion the blow of the coronavirus pandemic. Finance Minister Olaf Scholz urged lawmakers to open up constitutional debt limits to combat a crisis that threatens modern life. New borrowing of $169 billion, equivalent to half of the country’s normal annual spending, will ...

Bloomberg The biggest Nordic economy may be about to sink into its worst recession in living memory, with the fallout of the coronavirus likely to do more damage than the financial crisis of 2008. Gross domestic product will probably fall about 4% this year, Swedbank economists said in a new report on Wednesday. But the decline could be as bad ...

Bloomberg CVS Health Corp. said it plans to hire 50,000 people in full-time, part-time and temporary jobs to tackle surging demand for drugstore services and health goods during the US coronavirus outbreak. The drugstore chain said it plans to hire store workers, delivery drivers, distribution center workers and customer service employees. CVS and other pharmacies are inundated with people stocking ...