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UK PM announces lockdown measures; tells pubs, cafes, restaurants to close

Johnson's finance minister Rishi Sunak said the government was stepping in to pay businesses hit by the coronavirus outbreak not to lay off workers

Air Canada to lay off over 5,000 employees to assess the impact of Covid-19

CUPE, which represents about 10,000 flight attendants at Air Canada and Air Canada Rouge, said the layoffs were effective until April 30 at the earliest

Here's what you need to know about the coronavirus pandemic today

As coronavirus is tightening its grip across the world, with nearly 250,000 positive cases and over 10,000 deaths - here are certain tidbits that you need to know about the virus outbreak.

E-commerce policy: Govt seeks to establish regulator, tighten controls

The policy is still being drafted and could go through further changes

Coronavirus pandemic has already put global economy into recession: Poll

More than three-quarters of economists based in the America, and Europe polled this week

Air Canada to lay off over 5,100 employees to mitigate coronavirus impact

Air Canada has initiated discussions with its unions to begin placing employees on temporary, off-duty status

Tokyo 2020: Olympic cauldron ignited in Japan with flame from Greece

2020 Tokyo Olympics is scheduled to take place from 24 July to 9 August, 2020, in Japan.

Covid-19: Apple limits online iPhone purchases to two handsets per person

The purchase limits come as Apple braces for a blow due to the coronavirus' impact on sales, both due to supply chain disruptions and weak demand.

China's $118-bn lending push to curb impact of Covid-19 runs into trouble

Some banks have been left trying to unwind loans or raise agreed interest rates, said two bankers

Covid-19: Govts put conditions for offering financial lifelines to airlines

Conditions include provisions that loans may convert to government equity stakes, with Air New Zealand Ltd's bailout also dependent on suspending its dividend and paying interest rates of 7% to 9%

Covid-19: Netflix to cut European traffic by 25% to avoid internet gridlock

The move came after talks between European Union industry chief Thierry Breton and Netflix CEO Reed Hastings

US warns citizens against travel abroad, unveils $1-trillion stimulus plan

The US Senate unveiled details of a $1 trillion-plus coronavirus bill on Thursday intended to help the US economy

Coronavirus outbreak deals blow to NASA's return-to-moon plan by 2024

The space agency chief ordered the temporary closure of two rocket production facilities after an employee tested positive for the respiratory illness.

Coronavirus deaths in Italy overtake China as economic damage mounts

The United States is urging Americans not to travel abroad at all and could announce restrictions at the U.S.-Mexican border on Friday

Wall Street ends higher to stem coronavirus selloff; Dow Jones rises 1%

Nasdaq outperformed other major indexes, ending 2.3% higher, fueled by gains in Amazon.com, Microsoft and Facebook

Bank of England cuts interest rates to near zero, ramps up bond-buying

BoE Governor Andrew Bailey said the buying would be front-loaded as the central bank sought to address financial markets that were "bordering on disorderly" in recent days.

Dow Jones, S&P 500 climb 2% as Fed, other policymakers take further steps

The Federal Reserve opened swap lines with central banks in nine new countries to ensure the world's dollar-dependent financial system continued to function

Coronavirus layoffs push US weekly jobless claims to 2-year high

Initial claims for state unemployment benefits jumped 70,000 to a seasonally adjusted 281,000 for the week ended March 14, the highest level since September 2017.

Coronavirus: Bank of England cuts rates to 0.1%, ramps up bond-buying

The BoE's Monetary Policy Committee voted unanimously for the cut to the benchmark rate -- which had been slashed to 0.25% from 0.75% on March 11

Moody's readying for global downgrade of firms hit by virus, oil price drop

The firm has already begun the process in a number of the hardest hit sectors such as airlines, cruise and oil firms, but the moves are about to ratchet up, two of the firm's top analysts told Reuters