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Bloomberg US equity futures and European stocks headed for a fifth increase in six sessions, spurring debate over whether the meltdown has ended given the continued spread of the coronavirus. Treasuries edged higher. Contracts on the three main American stock indexes turned from losses to gains overnight as political leaders contemplate a fourth round of stimulus. Battered travel and leisure ...

Bloomberg India stocks advanced on Tuesday as some investors found value in riskier assets with the benchmark equity index capping its worst quarter ever. The S&P BSE Sensex Index rose 3.6% at the close in Mumbai. The quarterly drop of 29%, as the nation saw an acceleration of virus cases and imposed a three-week lockdown, surpasses the previous record of ...

Bloomberg South Africa’s stock market is set for its worst quarter on record as the coronavirus ravages global equities, but gold miners are at least shining amid the gloom. The FTSE/JSE Africa Gold Mining Index is the sole Johannesburg industry sector to post gains in 2020, rising 11% as bullion prices advance for the sixth consecutive quarter. The broader South ...

Bloomberg Three days after President Trump signed a $2 trillion stimulus into law, Kohl’s Corp, Macy’s Inc and Gap Inc joined the growing number of retailers to halt pay for much of their workforce on March 30, while preserving some benefits. With these furloughs, that brings the total number of employees who are out a paycheck at major US chains ...

Bloomberg Virgin Australia Holdings Ltd asked the government for a A$1.4 billion ($863 million) loan to get through the coronavirus crisis. The airline, which is mostly owned by other foreign carriers, sought the aid as part of a A$5 billion support package it’s seeking for the Australian aviation industry, a spokesman for Virgin Australia said. The loss-making airline has furloughed ...

Bloomberg Air Canada will cut capacity by as much as 90% next quarter and temporarily reduce its workforce by about 16,500 to reduce costs during the coronavirus crisis. The decision, effective on or around April 3, puts 15,200 unionised employees on “off-duty status” while 1,300 managers will also be furloughed, the airline said. The company said the cuts were required ...

Bloomberg Southwest Airlines Co is “in intensive care,” its chief executive officer said, urging employees to keep cutting expenses wherever possible as the new coronavirus continues to erode travel. The US discounter is evaluating the $50 billion federal programme that will provide loans and cash payments to help carriers meet payroll and other employee costs. It’s premature to know “how ...

Bloomberg Spirit Airlines Inc is temporarily suspending service at five airports in the US Northeast because of heightened government travel advisories aimed at curbing the spread of coronavirus. The pause begin this week at New York’s LaGuardia and New Jersey’s Newark Liberty International, Spirit said in an email. The discounter is also halting service to Hartford, Connecticut, and two destinations ...

We’ve been here before. Unemployment is high and rising. Americans fear for the future. Politicians of both parties are unsure about what to do, though they’re quick to criticise the other party’s suggestions. Regardless of which way they turn, the choices seem dismal. Sound familiar? It’s not 2019 or 2020, and the subject is not the coronavirus. It’s late 1970s ...

Crises such wars, depressions, natural disasters and pandemics can reveal differences in how effectively a society organises itself. In the 1600s and 1700s, for example, Britain’s more advanced tax system allowed it to outspend Spain and France, while Prussia’s efficient army let it overcome larger opponents such as Austria. In the Civil War, the Union’s industrial prowess allowed it to ...