A Rolls-Royce logo is seen at the company’s aerospace engineering

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FILE PHOTO: A Rolls-Royce logo is seen at the company’s aerospace engineering and development site in Bristol, Britain, December 17, 2015. REUTERS/Toby Melville/File Photo

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Equities drop as evidence mounts of deep global recession

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By David Randall NEW YORK (Reuters) – World equity markets began the new quarter with steep losses on Wednesday as evidence mounted that the coronavirus pandemic was sending the global economy into a deep recession. Traders headed for the safety of government bonds, the dollar [USD/] and gold [GOL/] following sharp slowdowns in manufacturing activity […]
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Daimler to cut 15,000 jobs as cost cuts intensify: Handelsblatt

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FRANKFURT (Reuters) – German luxury carmaker Daimler <DAIGn.DE> is intensifying existing cost-cutting measures and plans to cut up to 15,000 jobs, Handelsblatt newspaper reported, citing company sources. The group in had said in November that it would cut at least 10,000 jobs and reduce staff costs by around 1.4 billion euros ($1.5 billion) by the […]
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Oh, the Memories of Normal Debates

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Hi. Welcome to On Politics, your guide to the day in national politics. I’m Lisa Lerer, your host. Sign up here to get On Politics in your inbox every weekday. Normal feels so strange right now. The vice-presidential debate last night was notable for many reasons: The largely useless plexiglass shields. The specter of a […]