Bloomberg Continental Europe’s labour-market model is experiencing rare praise from economists because it may help prevent massive job losses during the coronavirus pandemic. While widespread layoffs are feared in the US, analysts don’t expect the same fallout in euro-area employment, where rules often make it harder for companies to fire workers, and also encourage their retention during a crisis. Such ...

Bloomberg President Donald Trump said the American economy can’t remain slowed for too long to fight the coronavirus, declaring that the country “was not built to be shut down.” “America will again, and soon, be open for business. Very soon,” Trump said. “A lot sooner than three or four months.” The president of the St. Louis Federal Reserve Bank, James ...

Bloomberg Lawyers for WikiLeaks founder Julian Assange will make an application for bail on Wednesday, on grounds he is vulnerable to the virus pandemic while in prison. The Australian is being held at Britain’s most notorious prison, Belmarsh in southeast London, which holds around 800 prisoners. His US extradition trial began in February and was adjourned until May 18. The ...