Americas will be hardest hit by COVID-19 job losses :ILO


GENEVA (Reuters) – The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said on Wednesday.

FILE PHOTO: People who lost their jobs are reflected in the door of an Arkansas Workforce Center as they wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), in Fort Smith, Arkansas, U.S. April 6, 2020. REUTERS/Nick Oxford -/File Photo/File Photo

The outbreak also risks creating a “lockdown generation” of young people forced to play catch-up on the labour

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Tractor Supply, Disney, Boeing, Tesla & more


Take a look at some of the biggest movers in the premarket:

Tractor Supply (TSCO) – Tractor Supply said it expected record-breaking sales and earnings for the current quarter, and that comparable-store sales for the farm supply company would grow by 20% to 25%. Tractor Supply shares are up 47% since nationwide lockdowns began in mid-March, the best gain of any retail stock in the S&P 500.

Walt Disney (DIS) – Disney will submit a plan today to Orange County officials for reopening its Walt Disney World resort. Disney needs approval from the county and then from the governor before

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Greensill drops libel suit against Reuters over bond story


LONDON (Reuters) – Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement to market participants in 2018.

A logo of Thomson Reuters is pictured on a truck during preparations for the annual meeting of the World Economic Forum (WEF), in Davos, Switzerland January 19, 2020. REUTERS/Denis Balibouse

The statement related to bonds it had issued the prior year on behalf of commodities tycoon Sanjeev Gupta.

Greensill said in the May 2018 statement that the Scottish government had approved a guarantee related to a hydro

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Dow futures up 350, reopen trades surging, Carnival up 16%


Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York City, November 21, 2019.

Lucas Jackson | Reuters

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7:45 am: EU announces plan for 750 billion euro recovery fund as pandemic wreaks havoc on economies

The European Commission announced Wednesday plans for a 750 billion euro ($826.5 billion) recovery fund as Covid-19 continues to hit worldwide economies. The details of the fund have not been decided, with France and Germany in favor of issuing mutual EU debt, while nations including Austria

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