U.S. Fed preparing to buy new small business payroll loans: Wall Street Journal

(Reuters) – The Federal Reserve and Treasury Department are planning to launch a new program to…

European Commission drafting new proposal to let states aid virus-hit companies – FT

(Reuters) – The European Commission is planning to let member states help companies directly impacted by…

S&P 500 set to recover $1 trillion in value as virus deaths slow

By Uday Sampath Kumar and Shreyashi Sanyal (Reuters) – The S&P 500 was on track to…

Exclusive: Qatar Petroleum – coronavirus turmoil will not stop LNG expansion abroad

By Rania El Gamal DUBAI (Reuters) – Qatar Petroleum (QP) is pressing ahead with foreign as…

U.S. airlines ease loyalty programs in coronavirus travel slump

By Tracy Rucinski (Reuters) – U.S. airlines are extending loyalty program benefits and status into 2021…

Initial steps to implement Instex are positive but not sufficient – Rouhani

(Reuters) – Initial steps to implement the Instex trade mechanism are positive but not sufficient, Iran’s…

Luckin Coffee chairman defaults on loan, surrenders company shares

By Julie Zhu and Jennifer Hughes HONG KONG/NEW YORK (Reuters) – Luckin Coffee <LK.O> Chairman Charles…

Stocks jump as virus deaths slow; oil falls on OPEC+ delay

By Rodrigo Campos NEW YORK (Reuters) – World stock markets jumped on Monday, encouraged by a…

Alaska air carrier RavnAir files for bankruptcy as U.S. Treasury mulls grants

By David Shepardson WASHINGTON (Reuters) – RavnAir Group, the largest regional carrier in Alaska, filed for…

GSK to partner with Vir for potential COVID-19 treatments, invest $250 million

By Trisha Roy and Manas Mishra (Reuters) – British drugmaker GlaxoSmithKline will invest $250 million in…