Germany is considering a fiscal stimulus program should the coronavirus hit the ...
WASHINGTON (AP) - Capitol Hill negotiations on emergency spending to combat the coronavirus outbreak are likely to produce a bill that's double or even triple the $2.5 billion plan requested by President Donald Trump just days ago. Lawmakers and aides involved in the talks say they are proceeding well and are likely to produce legislation in the $6 billion to $8 billion range. Both the Democratic-controlled House and GOP-held Senate are eager to complete work on the measure in the next two weeks. All sides say the $2.5 billion White House coronavirus plan - of which only $1.25 billion would be new funding - is inadequate. And Trump himself appears to be in no mood to pick a fight on the issue with Democratic rivals like House Speaker Nancy Pelosi, D-Calif., or top Senate Democrat Chuck Schumer of New York. "Congress is willing to give us much more than we're even asking for," Trump said Wednesday. "That's nice for a change." On Thursday, Schumer and Pelosi weighed in with a roster of demands, including interest-free loans for small businesses harmed by the outbreak and reimbursements for state and local governments for costs incurred in fighting the coronavirus. Schumer grabbed some headlines Wednesday by outlining an $8.5 billion plan to fight coronavirus, even as he threw his support behind bipartisan talks by the top members of the House and Senate Appropriations committees. "He's prioritized fighting with the White House over simply letting the appropriators do their work," said Senate Majority Leader Mitch McConnell, R-Ky. "'Fortunately, it appears we will have an opportunity to put this cynicism behind us quickly and move forward in a unified way." With both House and Senate taking a recess in two weeks, and U.S. health officials warning the...
The meeting comes in the backdrop of Opec slashing the global oil demand growth by 0.99 mbpd in 2020.WHO has upgraded the global risk of the coronavirus outbreak to 'very high'
Despite the growing concern about the coronavirus, the global business for Disney/Pixar's elf fantasy feature Onward should turn out to be solid. To date, there aren't any theaters closed in the U.S. nor do sources expect any in the near future -- and certainly not in a grave way like in China
The government ordered all schools and universities nationwide closed until mid-March.
ITV has revealed the impact of the coronavirus on its business including a deferment on advertising for the upcoming James Bond movie and putting in place contingency plans around major sporting ev…