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China’s central bank signs currency settlement agreement with Laos
BEIJING (Reuters) – China’s central bank said on Thursday that it has signed a currency agreement with Laos, allowing direct local currency settlement for transactions under the current and capital accounts. The agreement was aimed at boosting financial cooperation between the two countries and promoting trade and investment, said the People’s Bank of China (PBOC) […]
United to scale back flights to Europe after March 19
CHICAGO (Reuters) – United Airlines Holdings Inc <UAL.O> said on Thursday it will continue to fly its regular schedule from Europe to the United States through March 19 but is scaling back flights after that date. United said it is continuing to monitor travel demand, which has fallen sharply as the coronavirus spreads globally and […]
Germany agrees to more aid to shield workers, companies from coronavirus hit
By Michael Nienaber and Andreas Rinke BERLIN (Reuters) – Germany’s coalition parties on Thursday agreed to further measures worth some 10 billion euros ($10.81 billion) to shield workers and companies from the impact of the coronavirus pandemic. The aid package includes higher state transfers for people in short-time work schemes, according to a document agreed […]