8:12 pm: China announces policies to support businesses hit by virus The China Banking and Insurance Regulatory Commission (CBIRC) issued a notice on Saturday urging banks to strengthen loans to the manufacturing sector at better rates, and to provide improved financial services for businesses making protective gear. The measures are part of a wider push […] Read more
LONDON — Warnings of an exponential rise in infections for Germany and a fresh monthlong lockdown in Paris have underlined the dire situation across Europe as the coronavirus surges once again. The variant first discovered in the U.K. is seen as the reason for the new spike. The strain is reported to be much more virulent than the original one. The […] Read more
Nike posted mixed quarterly results on Thursday, as sales fell short, hurt by U.S. port congestion, which led to inventory delays, and stores faced temporary closures in Europe. Its shares were down around 1% in after-hours trading. Here’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a […] Read more
Europe has recorded a sharp rise in the number of new Covid-19 infections in recent weeks, reflecting an alarming trend as the World Health Organization warns “no country can just pretend the pandemic is over.” The number of new coronavirus cases reported across the region increased by 5.6% to a total of just over 4 million […] Read more
