Here’s some of the latest news you might have missed
From the US
The Federal Reserve has expanded the eligibility criteria for a lending facility set up to backstop municipal bond markets, in a move that will allow smaller US cities and counties to access liquidity from the US central bank.
Almost a third of finance executives in corporate America are expecting to make layoffs over the coming month, up from about a quarter two weeks ago.
Officials in New York have cancelled the state’s Democratic presidential primary, planned for June 23, after more than a dozen other states delayed their primaries amid concerns about the spread of Covid-19.
Governor Andrew Cuomo said he planned to extend lockdown measures in parts of New York state beyond May 15 as he released new test results on Monday showing that nearly one-in-four New York City residents carry antibodies for coronavirus.
From Europe
Uefa, European football’s governing body, has moved to support its 55 member associations through the coronavirus pandemic with the extension of €236.5m of funding.
Families of the UK’s National Health Service and social care workers who die on the frontline of the coronavirus crisis will receive £60,000 under a new “life assurance scheme”.
Italy’s total number of new Covid-19 cases on Monday was the lowest daily increase since the week in March when the country first introduced its nationwide lockdown, bolstering efforts by Rome to reopen parts of the economy by early next month.
Turkey will send a shipment of masks, overalls and other protective equipment to the US, President Recep Tayyip Erdogan has announced.
Airbus is furloughing more than half the workers at its wing factory in Wales in a sign of the deep job cuts to come as aircraft demand plummets in the face of the coronavirus pandemic.
And from elsewhere
Mexico’s state comptroller, a close ally of President Andrés Manuel López Obrador, has tested positive for coronavirus but is in good health with only mild symptoms, the government said.
Nigeria will extend the lockdown of its commercial centre Lagos and capital Abuja for another week, President Muhammadu Buhari announced in a national address Monday night.
Source: Economy - ft.com
