The U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companies could raise cash as they usually do through large capital markets.
The U.S. economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federal Reserve policymakers are also warning of a slugging recovery once the pandemic subsides.
Zoom Video Communications Inc was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted.
The German foreign ministry has restricted use of the video conferencing service Zoom to fixed-connection computers due to concerns about security issues, two German government sources said.
Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser as safety and privacy concerns about its fast-growing video-conferencing app drive a global backlash against the company.
New York, the hardest hit state in America, on Wednesday reported its highest number of coronavirus-related deaths in a single day with even veteran doctors and nurses expressing shock at the speed with which patients were declining and dying.
Eric Cohn used to wear a respirator mask, goggles and gloves only to protect against mold and asbestos as he restored homes in Tucson, Arizona. Now he dons the same gear in his new job - shopping for quarantined customers.
The number of confirmed infections of the novel coronavirus exceeded 1.41 million globally and the death toll crossed 83,400, according to a Reuters tally as of 1400 GMT.
The Saudi-led coalition fighting Yemen's Iran-aligned Houthis said on Wednesday it was halting military operations nationwide in support of U.N. efforts to end a five-year war that has killed over 100,000 people and spread hunger and disease.
Bernie Sanders, a democratic socialist whose progressive agenda pushed the Democratic Party sharply to the left, ended his White House campaign on Wednesday, clearing the way for a Nov. 3 election battle between former Vice President Joe Biden and Republican President Donald Trump.
Efforts to push a further $250 billion of coronavirus aid for small businesses through the U.S. Congress were stalling on Wednesday as top Democrats said they would back the measure only if it was coupled with a similar amount for hospitals and local governments.
U.S. deaths due to coronavirus topped 14,600 on Wednesday, the second highest reported number in the world behind Italy, according to a Reuters tally.
U.S. stock markets jumped on Wednesday on hopeful signs about the coronavirus outbreak in the United States was close to a peak, with health insurers getting an additional lift from Bernie Sanders' decision to suspend his presidential campaign.
Saudi Arabia will contribute $500 million to the United Nations humanitarian response plan for Yemen in 2020 and $25 million to help combat the spread of the new coronavirus, the kingdom's vice defense minister, Prince Khalid bin Salman, said on Thursday.
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A man who was caught stealing surgical face masks from a hospital in London has been jailed for three months, police said on Wednesday.
The U.S. Army Corps of Engineers said on Wednesday that time was running out to start work on new facilities to help medical authorities cope with the coronavirus outbreak, as swathes of the United States prepare for a surge in coronavirus patients.
The new coronavirus is killing African-Americans at a higher rate than the U.S. population at large, according to preliminary numbers from Louisiana, Michigan and Illinois that officials say point to disparities in health and healthcare access.
Many Italian companies and academics are pressing the government to reopen factories to prevent an economic catastrophe, as the world watches how the first Western country to impose a lockdown can extricate itself from the unprecedented measures.
Despite a last-minute court battle and a stay-at-home order, thousands of Wisconsin voters on Tuesday braved the coronavirus outbreak to wait 6 feet (1.8 m) apart in lines for hours and cast ballots in the state's presidential primary and local elections.