OPEC+ pause. Saudi Arabia and Russia have delayed an OPEC+ meeting intended to negotiate production cuts. Instead of meeting on Monday as promised, the oil cartel will meet Thursday. The delay caused a significant drop in oil market prices; Brent crude fell more than 3.2 percent and U.S. crude fell 3 percent, with prices for […]
Brent crude prices rose on the hopes that Russia and Saudi Arabia could be close to a deal.
EU members are divided over whether to issue so-called "coronabonds."
The European Commission is evaluating the economic fallout from the coronavirus crash.
Unemployment claims have soared to historic levels.
The U.S. Senate has reached a deal on an emergency fiscal package.
Germany is set to introduce a multibillion-dollar rescue package.
Unemployment in the U.S. is about to skyrocket. Public panic over the coronavirus outbreak in the U.S. really set in only around the middle of last week. Companies, however, were worried much sooner. Initial jobless claims jumped by 70,000 last week – the largest spike since 2012 – to 281,000, according to U.S. Labor Department […]