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Italy closes ports to migrant ships because of coronavirus
  • US
  • 2020-04-08 08:49:46Z

Italian ports cannot be considered safe because of the coronavirus epidemic and will not let charity migrant boats dock, the government has ruled. The decision was taken late on Tuesday after a ship operated by the German non-governmental group Sea-Eye picked up some 150 people off Libya and headed

Head of EU's top science body quits over coronavirus response
  • US
  • 2020-04-08 08:45:00Z

The president of the European Union's main science organisation has quit the post he took up only in January, the European Commission said, over frustration at the EU response to the coronavirus pandemic. Mauro Ferrari, who became head of the European Research Council for a four-year mandate on

Honda back to work in China
Honda back to work in China's Wuhan with temperature checks and masks
  • US
  • 2020-04-08 08:42:57Z

Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co's reopened plant in the Chinese city of Wuhan show how the coronavirus has created a new normal on the factory floor. The plant, a Honda joint venture with Dongfeng Motor Group was shut in late January when authorities ordered a lockdown in Wuhan in a bid to snuff out the coronavirus, which emerged there late last year. It reopened on March 11 to resume operations in stages and is now back to pre-virus production levels, Li Shiquan, assistant director of the joint venture's No. 2 final assembly plant, told reporters on Wednesday.

Explosion on road in southeast Turkey kills 5
  • US
  • 2020-04-08 08:39:12Z

An improvised explosive device went off on a road in southeast Turkey on Wednesday, killing five forestry workers traveling to work, officials said. The regional governor's office blamed the early morning explosion near the town of Kulp, in the mainly-Kurdish populated Diyarbakir province, on Kurdish

China snake village scales down as coronavirus prompts wildlife trade ban
China snake village scales down as coronavirus prompts wildlife trade ban
  • US
  • 2020-04-08 08:38:00Z

Since China began frantic efforts to curb a coronavirus epidemic in late January, residents in the tiny snake breeding village of Zisiqiao have had to come to terms with a ban on wildlife trading, its lifeline for decades. Zisiqiao employed hundreds of people to breed three million snakes a year. The Chinese character for "snake" has even been removed from the sign on the front wall of a specialty snake meat restaurant on the village's edge.

Honda back to work in China's Wuhan with temperature checks and masks
  • US
  • 2020-04-08 08:37:16Z

Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co's reopened plant in the Chinese city of Wuhan show how the coronavirus has created a new normal on the factory floor. The plant, a Honda joint venture with Dongfeng Motor Group

BMW to start producing face masks
BMW to start producing face masks
  • US
  • 2020-04-08 08:36:28Z

German carmaker BMW will start producing face masks to help protect its own staff and the public against the spread of the new coronavirus, Chief Executive Oliver Zipse said on Wednesday. Zipse said BMW would soon be able to produce several hundred thousand masks per day. BMW said on Monday that a production stoppage at its factories is being extended by two weeks until April 30.

Fire at building site of palace in Berlin
  • US
  • 2020-04-08 08:33:44Z

A fire broke out on Wednesday at the royal palace that is being rebuilt at great expense in central Berlin, the fire service said. The Berlin fire service said in a Tweet that smoke was coming from building materials and two bitumen boilers, adding that one person was injured and about 80 emergency

GLOBAL MARKETS-Global stocks turn negative as virus death toll mounts
  • US
  • 2020-04-08 08:32:32Z

World stocks turned negative on Wednesday as the coronavirus death toll mounted and euro zone finance minister failed to agree a rescue package to help economies recover from the impact of the outbreak. COVID-19 hospitalisations seemed to be levelling off in New York state, but deaths across the United

Biometric IDs can be 'gamechanger' in coronavirus antibody tests, vaccine
  • US
  • 2020-04-08 08:29:30Z

As countries begin to lift coronavirus lockdowns, biometric identification can help verify those who have already had the infection, and ensure that the vulnerable get the vaccine when it is launched, health and technology experts said. Confirmed cases of COVID-19, the respiratory disease caused by

Fire reported at replica Prussian palace in Berlin
  • US
  • 2020-04-08 08:29:12Z

Berlin's fire department is responding to a report of a blaze Wednesday in the roof of a replica of a Prussian palace being rebuilt on the city's historic Unter den Linden boulevard. The fire department said that units were on the scene of the construction site, but had no further details.

China snake village scales down as coronavirus prompts wildlife trade ban
  • US
  • 2020-04-08 08:27:17Z

Since China began frantic efforts to curb a coronavirus epidemic in late January, residents in the tiny snake breeding village of Zisiqiao have had to come to terms with a ban on wildlife trading, its lifeline for decades. Zisiqiao employed hundreds of people to breed three million snakes a year. The

EMERGING MARKETS-Stocks, FX snap two-day rally, oil-sensitive currencies slip
  • US
  • 2020-04-08 08:19:02Z

A two-day rally in developing world markets ran out of steam on Wednesday as concerns over the coronavirus outbreak persisted, with anticipation ahead of a key OPEC+ meeting adding to uncertainty. Risk assets had rallied this week on hopes that the coronavirus outbreak was beginning to peak in its European

FOREX-Dollar gains on rising coronavirus crisis concerns
  • US
  • 2020-04-08 08:16:31Z

The euro and the Aussie dollar were among the main losers at the greenback's expense, a day after the dollar suffered its worst drop against a basket of currencies in nearly two weeks. The dollar's rise came as global stocks wavered after two days of gains as deaths from the coronavirus mounted

Philippines reports five new deaths, 106 more coronavirus cases
  • US
  • 2020-04-08 08:06:43Z

The Philippines' health ministry said on Wednesday the coronavirus outbreak has killed five more people, with 106 additional infections. In a bulletin, the health ministry said total deaths have risen to 182 while infections have increased to 3,870.

India's financial hub Mumbai set to extend coronavirus lockdown -sources
  • US
  • 2020-04-08 08:01:04Z

India's financial hub Mumbai is set to extend lockdown measures until at least April 30 as authorities race to expand testing to stem the spread of coronavirus cases in the city, three senior officials said. A 21-day nationwide lockdown that Prime Minister Narendra Modi declared in late March to

UK nowhere near lifting coronavirus lockdown - London mayor
  • US
  • 2020-04-08 07:47:04Z

Britain is nowhere near lifting the lockdown measures it put in place to tackle the spread of the coronavirus as the peak is still more than a week away, London Mayor Sadiq Khan said on Wednesday. When he announced the nationwide lockdown on March 23, Prime Minister Boris Johnson said it would be reviewed

Russia reports record daily rise in new coronavirus cases, infections up to 8,672
  • US
  • 2020-04-08 07:45:00Z

The number of coronavirus cases in Russia rose by more than 1,000 for the second day running, taking the total to 8,672, the crisis response centre said on Wednesday. The number of reported cases rose by 1,175, a record daily rise, while deaths increased by five to 63, the centre said.

Czech coronavirus cases top 5,000 but growth slows
  • US
  • 2020-04-08 07:40:21Z

The number of cases of the new coronavirus in the Czech Republic has risen past 5,000, although a slowing growth rate has given the government confidence to start easing some lockdown measures that have hit the economy. The Health Ministry on Wednesday reported 195 new cases the previous day, a 4.0%

TUI cancels holidays for UK customers until mid-May
  • US
  • 2020-04-08 07:35:10Z

TUI Group, Europe's biggest tour operator, said beach holidays for its British and Irish customers would be cancelled until mid-May due to travel restrictions caused by the coronavirus pandemic and uncertainty about when those will end. The United Kingdom changed its travel guidance on April 4,

Trains full on first day of Japan's coronavirus emergency, but some shops shut
  • US
  • 2020-04-08 07:33:55Z

Commuters heading to work packed into trains in the Japanese capital on Wednesday, the first day of a state of emergency aimed at containing the coronavirus outbreak, with some expressing confusion over how best to restrict their movements. The scenes across central Tokyo contrasted with deserted streets

BAE Systems to raise $1.3 billion in debt to fund pension deficit
BAE Systems to raise $1.3 billion in debt to fund pension deficit
  • US
  • 2020-04-08 07:14:17Z

Its pension deficit was 1.9 billion pounds at the end of October last year. The maker of Typhoon fighters, combat vehicles and Astute Class nuclear-powered attack submarines said the bonds will be issued at a coupon rate of 3.4% and will mature in April 2030.

UK coronavirus testing capacity boosted by new AstraZeneca, GSK lab
UK coronavirus testing capacity boosted by new AstraZeneca, GSK lab
  • US
  • 2020-04-08 07:08:41Z

Britain will have a new coronavirus testing facility capable of carrying out 30,000 tests per day by early May, said the chief executive of pharma company AstraZeneca, helping the government meet an ambitious goal to scale up testing. AstraZeneca CEO Pascal Soriot also told BBC Radio on Wednesday that an antibody test would be ready in May. AstraZeneca is working with rival UK pharma giant GSK and the University of Cambridge on a joint project to develop a new lab in Cambridge, eastern England, to boost Britain's testing capacity.

European shares retreat after two-day rally as Tesco slumps
  • US
  • 2020-04-08 07:01:54Z

European shares dipped on Wednesday following a two-day rally, as the number of coronavirus deaths rose again in Spain, while France became the fourth country to report a death toll of more than 10,000. Britain's biggest retailer Tesco slumped 7% to the bottom of the STOXX 600 after saying it expected

Singapore ramps up rooftop farming plans as virus upends supply chains
  • US
  • 2020-04-08 07:00:36Z

Singapore on Wednesday announced new measures to accelerate local food production as the coronavirus pandemic disrupts global supply chains, including a plan to turn car park rooftops in public housing estates into urban farms. The densely populated city-state produces only about 10% of its food needs

French virus lockdown should be extended for weeks - chief adviser
  • US
  • 2020-04-08 06:55:51Z

France should extend its lockdown period for several weeks in order to contain the coronavirus epidemic, the head of the medical council advising the government said on France Info radio on Wednesday. France went into lockdown on March 17, and the measure has already been extended once to April 15.

German, Swiss companies combine to make disinfectant to kill virus
  • US
  • 2020-04-08 06:48:24Z

Businesses including Switzerland's Clariant and Germany's CropEnergies AG are combining to boost disinfectant production, part of a state-financed crisis programme in Bavaria to lift supplies amid the coronavirus pandemic. CropEnergies, which has been expanding its alcohol production volumes

Figure of 6 bln euros in loans for Air France KLM 'realistic' -minister
  • US
  • 2020-04-08 06:44:40Z

A figure of 6 billion euros ($6.5 billion) in loans to help Air France KLM is "realistic", French junior transport minister Jean-Baptiste Djebbari said on Wednesday. "You are talking about an amount which is not unrealistic, I can confirm that," Djebbari told LCI TV, adding that

UK coronavirus testing capacity to be expanded in May-AstraZeneca CEO
  • US
  • 2020-04-08 06:40:10Z

Britain will have a new coronavirus testing facility capable of carrying out 30,000 tests per day by early May, said the chief executive of British pharmaceutical company AstraZeneca. AstraZeneca is working with GSK and the University of Cambridge on a joint project to boost Britain's testing capacity

UK PM Johnson stable after second night in intensive care battling COVID-19
  • US
  • 2020-04-08 06:34:21Z

British Prime Minister Boris Johnson spent a second night in intensive care and was in a stable condition after receiving oxygen support for COVID-19 complications while his foreign minister directs the country's battle against the outbreak. Johnson, who tested positive nearly two weeks ago, was

Britain
Britain's Tesco says coronavirus costs could reach $1.1 billion
  • US
  • 2020-04-08 06:28:13Z

Britain's biggest retailer Tesco expects to take a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it was unable to give a profit forecast for this financial year. "There are significant extra costs in feeding the nation at the moment but ... Tesco is a business that rises to a challenge and this will be no different," CEO David Lewis said, as the company reported a 14% rise in underlying operating profit for the year ended Feb. 29, broadly in line with expectations. Britain's supermarkets have seen a surge in demand as shoppers have stocked up on essential goods such as toilet roll and pasta during a lockdown to contain...

Britain's Relx scraps guidance on hit to exhibitions business
  • US
  • 2020-04-08 06:23:00Z

European information group Relx said it could not provide full-year guidance for the group due to the significant impact the coronavirus pandemic was having on its exhibitions arm. The group said its remaining business units, covering science, risk and legal, had only seen a limited impact from COVID

Japan to pledge contribution to IMF trust for low-income countries hit by pandemic - finance ministry source
  • US
  • 2020-04-08 06:20:00Z

Japan will next week pledge to contribute to an International Monetary Fund (IMF) trust offering debt relief to low-income countries hit hard by the coronavirus, a finance ministry official told Reuters on Wednesday. Finance Minister Taro Aso will deliver the pledge, along with other contributions,

France's central bank estimates first-quarter GDP shrunk 6% from previous quarter
  • US
  • 2020-04-08 06:20:00Z

France's economy likely contracted 6% in the first quarter from the previous three months as a nationwide lockdown due to the coronavirus outbreak shut down vast swathes of the economy, the central bank estimated on Wednesday. France has been subject to stay-at-home orders since March 17 that officially

Polish presidential postal ballot raises concern - EU commissioner
  • US
  • 2020-04-08 06:19:29Z

Poland's last-minute decision to carry out its May presidential elections by post due to the coronavirus pandemic has raised "concern", EU Values and Transparency Commissioner Vera Jourova told Polish daily Rzeczpospolita on Wednesday. Poland's parliament, where Poland's ruling

UK fashion retailer ASOS raises 247 million pounds in placing
UK fashion retailer ASOS raises 247 million pounds in placing
  • US
  • 2020-04-08 06:19:25Z

British online fashion retailer ASOS Plc said it had raised 247 million pounds ($304 million) via a placing, to help it shore up its finances in case of a prolonged business downturn from the coronavirus pandemic. ASOS, which said on Tuesday it was planning the equity raising, said on Wednesday it had placed 15.8 million new shares at a price of 15.60 pounds per share, equivalent to 18.8% of its ordinary share capital prior to the placing.

Chinese molybdenum miner has production licence suspended after tailings spill
  • US
  • 2020-04-08 06:04:19Z

Yichun Luming Mining Co Ltd, the owner of a tailings dam in northeast China that leaked last month, contaminating the local river system, has been ordered to temporarily halt production, according to a report on a provincial government website. The emergency management bureau in the city of Yichun,

Court orders rape, other charges dropped against Mexican megachurch leader
Court orders rape, other charges dropped against Mexican megachurch leader
  • US
  • 2020-04-08 06:01:00Z

The charges were ordered dismissed on procedural grounds. Naasón Joaquín García, the self-proclaimed apostle of La Luz del Mundo, has denied wrongdoing.

Court orders rape, other charges dropped against Mexican megachurch leader
Court orders rape, other charges dropped against Mexican megachurch leader
  • US
  • 2020-04-08 06:01:00Z

The charges were ordered dismissed on procedural grounds. Naasón Joaquín García, the self-proclaimed apostle of La Luz del Mundo, has denied wrongdoing.

INSIGHT-'Painful lesson': how a military-style lockdown unfolded in Wuhan
  • US
  • 2020-04-08 05:48:09Z

As the world grapples with the escalating coronavirus pandemic, China reopened the city of Wuhan on Wednesday, allowing its 11 million residents to leave for the first time in over two months, a milestone in its effort to combat the outbreak. Using virus case data, official reports and over a dozen

EXCLUSIVE-China's central bank to step up easing, won't borrow Fed playbook - sources
  • US
  • 2020-04-08 05:35:57Z

China's central bank will ramp up its policy easing to support the coronavirus-ravaged economy but debt worries and property risks will prevent it from following the U.S. Federal Reserve's steep rate cuts or quantitative easing moves, policy sources said. China's leaders have pledged to

POLL-Pandemic set to tip Japan into deep recession this year, BOJ seen easing again
  • US
  • 2020-04-08 05:14:12Z

Japan is expected to slip into a deep recession this year with the economy set to contract for a third straight quarter in April-June, a Reuters poll showed on Wednesday, as the coronavirus outbreak wreaks havoc on businesses and daily life. Nearly 80% of economists polled saw the Bank of Japan'

Cyclone Harold flattens homes, brings injuries in Fiji
  • US
  • 2020-04-08 05:13:15Z

A powerful tropical cyclone battered the South Pacific island nation of Fiji on Wednesday, witnesses said, destroying buildings and causing injuries in Suva, the capital, pressuring a population already bracing for the coronavirus outbreak. Cyclone Harold, its strength ranked in the highest category

Pulp friction: Border jams delay supply of toilet paper
Pulp friction: Border jams delay supply of toilet paper's only ingredient
  • US
  • 2020-04-08 05:13:13Z

As several European borders limit travel to stop the spread of COVID-19, two of the world's biggest pulp makers say transportation logjams are delaying shipments of the raw material - the only ingredient in the toilet paper that people are hoarding to weather quarantines. Freight can still pass through, but enforcing the new rules holds up deliveries to cargo trains and vessels bound for warehouses and factories in North America and China. As a result, Finland's Metsä Fibre and Sweden's Södra Cell International told Reuters that truckloads of pulp going through Europe are getting caught in traffic jams for hours, or even a couple of days.

With supplies back, Hong Kong expats ship masks home to coronavirus hot spots
  • US
  • 2020-04-08 05:07:40Z

Expatriates in Hong Kong are buying up masks to send to family and friends back home as supplies return to shops in the Asian financial hub and the coronavirus spreads around the world. Boxes of masks can once again be seen stacked up in Hong Kong pharmacies. "My family and friends in Spain are

Wobbly U.S. fiscal response could deepen coronavirus recession
Wobbly U.S. fiscal response could deepen coronavirus recession
  • US
  • 2020-04-08 05:04:50Z

The U.S. government's massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don't-sweat-the-details flood of cash to people and businesses in a $22 trillion system that has ground to a halt. The federal government's muddled response risks deepening and lengthening a recession already historic for the speed of its onset. States are struggling to process a historic mountain of unemployment claims on outdated technology.

EXCLUSIVE-Brazil found unlawfully extending unpaid prison labor program
  • US
  • 2020-04-08 05:01:01Z

B razil's Rio de Janeiro state has unlawfully extended an unpaid labor scheme for prisoners denounced by human rights experts as a form of modern slavery, official documents obtained exclusively by the Thomson Reuters Foundation reveal. Brazil's penal system has long relied on cheap prison labor

Readout of Fed's March meetings to capture a frenzied policy response
  • US
  • 2020-04-08 05:00:00Z

On Wednesday afternoon the first detailed accounts of that debate will be released when the central bank publishes minutes of the meetings at which policymakers slashed interest rates back to zero, broadened access to U.S. dollars for foreign central banks, and restarted the massive asset purchases that

FOCUS-Pulp friction: Border jams delay supply of toilet paper's only ingredient
  • US
  • 2020-04-08 05:00:00Z

As several European borders limit travel to stop the spread of COVID-19, two of the world's biggest pulp makers say transportation logjams are delaying shipments of the raw material - the only ingredient in the toilet paper that people are hoarding to weather quarantines. As a result, Finland'

ANALYSIS -Wobbly U.S. fiscal response could deepen coronavirus recession
  • US
  • 2020-04-08 05:00:00Z

The U.S. government's massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don't-sweat-the-details flood of cash to people and businesses in a $22 trillion system that has ground to a halt. The federal government's muddled response risks deepening


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