Tag Archives: COVID-19

President of the Federal Reserve Bank of Dallas, Robert Kaplan, has called for increased use of face masks across the United States to combat the spread of the coronavirus disease (COVID-19). “While monetary and fiscal policy have a key role to play, the primary economic policy from here is broad …

Gilead Sciences Inc said that its antiviral drug has shown good results. Remdesivir greatly improves the clinical recovery of COVID-19 patients, which reduces the risk of death. The company stated that these results will need to be confirmed in upcoming clinical trials. Gilead Sciences Inc said that the data of 312 …

The UK’s Department of Health and Social Care said this Thursday that cases identified by England’s test and trace system reached 14,892 people were identified as close contacts of positive COVID-19 cases. The department of Health added that “of these people, 70.8% were reached and asked to self-isolate.” “4,347 people …

The Spanish government plans EUR 1.8 billion ($2 billion) in aid to support transport companies amid the COVID-19 crisis, said the Minister of Transport, Jose Luis Abalos, as cited by Reuters. Renfewill receive EUR 1 billion, private transport companies will get EUR 673 million, while Seipsa is set to obtain …

The number of coronavirus disease (COVID-19) cases has exceeded 11 million on Friday, Reuters reported. The disease has resulted in more than half a million fatalities in seven months. The US registered more than 55,400 new cases on Thursday, a new daily worldwide record. The World Health Organization (WHO) recently …

The Spanish government signed an agreement with business leaders and unions on Friday to reactivate the economy and create job opportunities, local paper El Pais reported. The agreement includes a support plan of EUR 40 billion for business loans aimed at funding the digital transformation of Spanish companies and businesses. …

All the debt issued by the European Union (EU) to help its member states in the fight against the coronavirus disease (COVID-19) pandemic will eventually be paid back, according to Spain’s Minister of Economy Nadia Calvino. “The long-term sustainability of the debt is guaranteed and we are making plans and …

Nonfarm Payrolls are expected to record a jump in June due to reopening operations and rehiring during the month. After an increase by 2.5m in May and a significant decrease in April, economists estimate a 4m gain in June. But as coronavirus hits back, the US job growth is likely …

European stocks rose on Thursday, with hopes increasing for a COVID-19 vaccine and other encouraging data, all of which led to a spike in sentiment ahead of NFP data from the US. Financial markets had started the second half of the year with positive news as the global slump in …

The World Health Organization (WHO) on Wednesday warned against ineffective approaches in combating the coronavirus disease (COVID-19). Some countries face a long, hard road ahead in the fight against the pandemic, said the WHO Director-General Tedros Adhanom Ghebreyesus, as reported by Reuters. “Countries that have the systems in place to …