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Bloomberg France will guarantee up to 300 billion euros ($335 billion) of bank loans to companies in an effort to bolster firms threatened by the impact of the coronavirus outbreak, President Emmanuel Macron said. The government will also allow companies to delay paying their taxes and social security contributions and provide support to help them delay loan payments, Macron said ...

Bloomberg UK businesses struggling to avoid collapse will be promised extra help by Boris Johnson’s government as the coronavirus inflicts further damage on the global economy. Airlines, tourist attractions, restaurants and theaters are among organisations facing a bleak outlook after the prime minister announced curbs on public events, travel and social gatherings. On Tuesday, Chancellor of the Exchequer Rishi Sunak ...

Bloomberg Facebook Inc, Alphabet Inc.’s Google, Microsoft Corp., Twitter Inc. and Reddit said they are teaming up to provide accurate information about the coronavirus and the Covid-19 illness it causes. “We’re helping millions of people stay connected while also jointly combating fraud and misinformation about the virus, elevating authoritative content on our platforms, and sharing critical updates in coordination with ...

Bloomberg Spain’s securities regulator banned short selling for a month in an attempt to shield local stocks from the volatility caused by the coronavirus outbreak. The decision “has been taken due to the extreme volatility taking hold of European securities markets, including those based in Spain, their performance in the context of the situation arisen as a result of the ...

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 ...

Bloomberg Malaysia confirmed its first deaths from the new coronavirus after the country reported the highest number of infections in Southeast Asia. A 60-year-old Malaysian man died in Kuching in the eastern state of Sarawak with authorities still identifying the source of his infection, according to a statement from the state government. That was followed by the death of a ...

Bloomberg European leaders attempted to prepare their citizens for the unprecedented trials ahead as comprehensive curbs on national life came into force in a bid to control the spread of the deadly coronavirus. In a series of public addresses, the leaders of countries from Finland to Germany sought to convince populations of the need for restrictions on their daily lives ...

Bloomberg Justin Trudeau’s government is significantly restricting the entry of non-residents into Canada to combat the spread of the coronavirus. At a press conference outside his residence in Ottawa, where the leader remains in self isolation, Trudeau said Canada will deny entry to all foreigners, except for Americans. The new measures come into effect on March 18. Trudeau also announced ...