BP's profit tumbles, debt climbs as coronavirus crisis hammers oil demand

LONDON (Reuters) – BP’s (BP.L) first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major’s debt rose sharply as it warned of exceptional uncertainty ahead. London-based BP said it expected significantly lower refining

What can China do to save its economy?

The Covid-19 pandemic is threatening to choke the life out of all major economies. In response, governments have turned to the oxygen of stimulus measures to rescue jobs and businesses. The United States set up a US$2 trillion (S$2.8 trillion)

Businesses that rent Denver-owned space can delay their payments

Denver City Council unanimously agreed Monday evening to defer rent payments on 10 leases within city-owned buildings, to help businesses cope financially with the ongoing coronavirus pandemic. The businesses, which include Dazbog, the Denver Center for the Performing Arts, the

U.S. Senate Republican leader sees further aid for states, cities

WASHINGTON (Reuters) – U.S. Senate Republican leader Mitch McConnell on Monday predicted that Congress would approve further funding for states and cities whose budgets have been hit hard by the coronavirus pandemic. “There probably will be another state and local