Worldwide carriers which have been struggling large losses as a result of coronavirus disaster are massively reducing their workforce, leaving hundreds with out jobs. Extra cuts might come because the prospects for a fast restoration fade. ...

US shares dipped firstly of the buying and selling week, with air corporations’ main losses after billionaire investor Warren Buffett revealed his Berkshire Hathaway had unloaded shares within the 4 largest US airways. ...

Crude costs continued to freefall on Tuesday, with US West Texas Intermediate (WTI) buying and selling round $ 10 a barrel amid fears that the world is working out of locations to retailer the commodity because the Covid-19 outbreak sinks demand. ...

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The financial injury from the Covid-19 outbreak can be unprecedented, in line with the pinnacle of one of many world’s largest hedge funds Ray Dalio, who says world company losses from the epidemic will quantity to $ 12 trillion. ...

Bernie Sanders shall be “having conversations” along with his supporters to “assess” the viability of his marketing campaign after Joe Biden racked up three extra massive main wins in Arizona, Illinois and Florida. ...

Wall Avenue opened barely greater on Tuesday, a day after US shares noticed the worst sell-off in additional than 30 years because the influence of the coronavirus on the worldwide financial system turned clear. ...

Costs of valuable metals are falling on lack of investor confidence that stimulus measures taken by the world’s central banks are sufficient to regular the markets. ...

Russia’s major index on the Moscow Alternate plunged seven p.c after the lengthy weekend vacation on Tuesday. The RTS greenback index is down round 13 p.c at 1,100 factors. ...

Dow Jones and S&P 500 inventory indexes tanked as buying and selling within the US opened on Monday following an earlier unload in European and Asian markets amid issues the coronavirus epidemic might result in a chronic world financial slowdown. ...