Here’s a round up of some of the latest developments
Ratings agency Fitch has downgraded Ecuador’s sovereign rating to “restricted default” following the country’s agreement with bondholders last week which allows it to defer its debt repayments for the next four months.
Rental car company Hertz is laying off 10,000 employees in North America because of coronavirus.
More than 1,500 people in the US died from coronavirus in the past 24 hours, the smallest daily increase in a week, but enough to push the total number of fatalities above 37,000.
Democratic senators are calling for extra protections for workers in meat processing plants, farms and grocery stores as concerns over the impact of coronavirus on the US food supply chain grow.
IBM withdrew financial guidance for the rest of the year as it revealed that the coronavirus crisis had taken a bite out of its software sales at the end of March, pushing revenue down by 3 per cent in the first quarter.
Several hundred people protested outside the Pennsylvania state capitol building in Harrisburg on Monday, in the latest example of demonstrations across the US against the lockdown measures introduced by governors to curb the spread of Covid-19.
Slovakia is to allow some businesses to reopen as the country becomes the latest EU member state to ease the restrictions put in place to slow the spread of the coronavirus pandemic.
The World Health Organization has hit back at US president Donald Trump’s accusation that it covered up the severity of Covid-19 and China’s inability to contain the virus.
No more than 3 per cent of people have been infected with coronavirus in affected areas, even in badly hit regions, preliminary data gathered by the World Health Organization has revealed.
Source: Economy - ft.com
