Bloomberg The euro area’s gigantic bailout fund is exploring how it can use its reserves to cushion the impact of a virus-induced recession, in a move that could help reassure markets after a spike in borrowing costs for the region’s most vulnerable economies. Klaus Regling, the head of the European Stability Mechanism, said Monday it has an unused lending capacity ...

Bloomberg FedEx Corp. and United Parcel Service Inc. are dropping the normal signature rules for package deliveries to protect customers and workers as the coronavirus outbreak worsens. In a small sign of how the disease is changing business as usual, FedEx said it’s suspending the need to sign for most packages. UPS is also forgoing routine signatures. For parcels that ...

Bloomberg President Donald Trump for the first time on his Twitter feed used the phrase “Chinese Virus,” stepping up friction between the world’s two biggest economies as each tries to deflect blame for a deadly pandemic. Trump, who has previously called the disease a “foreign virus,” tweeted on Tuesday: “The United States will be powerfully supporting those industries, like Airlines ...