FILE PHOTO: Ford President and CEO Jim Hackett speaks at

Senators urge U.S. airlines to issue ticket refunds after bailout

By David Shepardson WASHINGTON (Reuters) – Nine Democratic U.S. senators on Tuesday urged the chief executives of 11 major airlines to issue full cash refunds to customers canceling flights during the coronavirus pandemic after Congress approved a massive rescue package for the hard-hit industry. “We believe your company has a moral responsibility to provide real […]

IMF deal seen as only way out for Lebanon

By Samia Nakhoul and Tom Perry BEIRUT (Reuters) – The Lebanese government must swallow its misgivings and reach a rescue deal with the International Monetary Fund (IMF) or risk economic implosion and further turmoil, economists, diplomats and politicians said. Privately, some government officials acknowledge that an IMF bailout is the most logical solution to Lebanon’s […]

Markets in virus panic: day’s plunge in charts

By Ritvik Carvalho and Thyagaraju Adinarayan LONDON (Reuters) – Sell, sell, sell. A coronavirus-induced meltdown on Wall Street and other financial markets saw prices plunge on Thursday for everything from stocks and corporate bonds to bitcoin, oil and gold — wiping trillions of dollars from investment portfolios and company valuations. European stocks dropped as much […]