Pelosi: ‘Hopeful’ COVID-19 aid bill can still pass before election

WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi said she was hopeful legislation for additional COVID-19 relief could be finalized before the Nov. 3 presidential election no matter how the … Read More

Republican ‘skinny’ coronavirus aid bill heads to defeat in Senate

WASHINGTON (Reuters) – A Republican proposal to provide around $300 billion in new coronavirus relief was heading to defeat in the U.S. Senate on Thursday amid opposition from Democrats who … Read More

Take-off for BA owner IAG’s planned $3.2 billion coronavirus capital hike

LONDON (Reuters) – British Airways owner IAG (ICAG.L) launched a heavily discounted rights issue on Thursday to raise 2.74 billion euros ($3.2 billion) to help strengthen its pandemic-hit finances, in a first test of faith in its new boss Luis Gallego.

‘Last chance’: Airlines demand UK quarantine alternative by end September

LONDON (Reuters) – Airlines including British Airways and easyJet (EZJ.L) urged the UK government on Thursday to introduce coronavirus testing as an alternative to quarantine by the end of the month, in what they described as a “last chance” to save the industry.

Fear and poverty in Turkey as pandemic hits Erdogan’s base

ISTANBUL (Reuters) – Huseyin Goksoy, a tailor who was so stressed about going hungry during the worst of the COVID-19 pandemic that he was briefly bedridden with a hernia, is increasingly worried about his future as Turkey strains to curb poverty.

Zombies or just sleeping? German insolvencies fall despite pandemic

BERLIN (Reuters) – The number of firms declaring insolvency in Germany was 6.2% lower than in the first half of last year despite the coronavirus crisis, the Statistics Office said, … Read More

Senate polarized over next coronavirus aid package

WASHINGTON (Reuters) – U.S. Senate leaders on Wednesday held onto their radically different positions on what is needed to address the continuing fallout from the coronavirus pandemic, one day before a vote on a modest Republican bill that appeared destined for defeat.