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German carmakers pledge to help build medical equipment
FRANKFURT (Reuters) – Germany’s auto industry association VDA said on Tuesday its members would help to build and supply medical equipment to fight the coronavirus, but warned they would need to meet the standards and processes of the medical industry. BMW <BMWG.DE>, Volkswagen <VOWG_p.DE> and others have pledged to help manufacture and supply hospital ventilators […]
Hundreds held as HK police use pepper pellets to disperse protest
Demonstrators take to streets to express opposition to national anthem bill and Beijing’s planned national security law. Hong Kong police have fired pepper pellets to disperse protesters as hundreds of people gathered in the centre of the financial hub to oppose a controversial bill on China’s national anthem and a planned move by Beijing to […]
Fed rate cut soothes, then spooks virus-weary investors
By Rodrigo Campos NEW YORK (Reuters) – Investors had mixed reactions to Tuesday’s surprise 50 basis-point rate cut from the Federal Reserve, helping fuel a day of swings in stocks and other assets. The U.S. central bank cut interest rates in a bid to shield the economy from the impact of the spreading coronavirus, and […]