CDC warns residents of New York, New Jersey, Connecticut against non-essential travel

WASHINGTON (Reuters) – The Centers for Disease Control and Prevention on Saturday warned residents of New York, New Jersey, and Connecticut against non-essential domestic travel for 14 days. In a travel advisory posted on its website, the agency said the warning did not apply to employees of “critical infrastructure industries” including trucking, public health, financial services, and food supply professionals. […]

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What you need to know about the coronavirus

LONDON (Reuters) – The latest news about the coronavirus worldwide: G20 leaders to discuss response to coronavirus Leaders of the world’s largest 20 economies will hold a videoconference chaired by Saudi Arabia’s King Salman on Thursday to discuss how best to coordinate their response to the coronavirus pandemic, which has thrown the global economy into a tailspin, with output crashing […]

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Detroit's near future based on SUVs, not EVs, production plans show

DETROIT (Reuters) – General Motors Co (GM.N) and Ford Motor Co (F.N) have widely touted their commitment to emission-free electric cars, but their production plans show a growing reliance on ever-larger gas-powered vehicles. The two biggest U.S. automakers will make more than 5 million SUVs and pickup trucks in 2026, but only about 320,000 electric vehicles, according to detailed production […]

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Slovakia's new government to sharply ramp up coronavirus testing

BRATISLAVA, March 26 (Reuters) – Slovakia aims to sharply increase daily coronavirus testing in the next few weeks by bringing bringing in laboratories as the new government seeks to put a clamp on the coronavirus outbreak. Prime Minister Igor Matovic, whose team took office this past weekend, said the government would seek in coming days to double testing capacity to […]

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Dow's milestone week doesn't mean coronavirus fallout is over

Stock market can still retest lows: Market strategist Oliver Pursche, 1879 Advisers chief market strategist, says the government’s decisive intervention softened the market’s coronavirus reaction.​​​​​​ The Dow Jones Industrial Average technically escaped the clutches of its bear market on Thursday, but those hoping for a swift return to record highs following the worst of the COVID-19 pandemic are likely to be […]

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European hedge funds struggle as short-selling bans disrupt strategies

* Bankers say hedge funds unwound shorts due to ban * Several M&A transactions hit by bans – sources * Lansdowne, Man, Legg Mason, Farringdon down in March – data By Maiya Keidan and Clara Denina LONDON, March 27 (Reuters) – European hedge funds struggled to navigate the coronavirus-induced extreme market volatility during March, with many down by double-digits in […]

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US will be reopened from coronavirus shutdown responsibly: Mike Pence

Pence: Country will be reopened responsibly in wake of COVID-19 pandemic. Vice President Mike Pence discusses the timeline for returning to normal routines in the U.S. The Trump administration wants to open the country back up as quickly as possible, but will make sure it's safe first. Continue Reading Below “We are going to do it responsibly,” Vice President Mike […]

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