PRESS DIGEST- New York Times business news and British News
March 24 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
– The U.S. Federal Reserve pledged to buy as much government-backed debt as needed to bolster the markets for housing and treasury bonds, and announced that it would buy corporate bonds, including the riskiest investment-grade debt. https://nyti.ms/3dpmHZr
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– Boeing Co said on Monday it will halt production temporarily at its Washington state twin-aisle jetliner factory due to risks from coronavirus. https://nyti.ms/3afghKt
– The U.S. Olympic and Paralympic Committee said on Monday night that the Summer Olympics in Tokyo should be postponed because of the coronavirus, adding to a chorus of countries and sports federations who called for the Games not to go on as scheduled in late July and early August. https://nyti.ms/2UvxDvY
– Pacific Gas & Electric, California’s largest utility, said Monday that it had agreed to plead guilty to involuntary manslaughter in connection with the Camp Fire, the state’s deadliest wildfire. https://nyti.ms/2WEnLm4 (Compiled by Bengaluru newsroom)
information provided through yahoo news
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PRESS DIGEST- British Business
March 24 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
The Times
– Banks will pay millions of pounds in fees to the UK government as part of the emergency coronavirus loans launched to help small businesses following a last-minute intervention by Brussels. bit.ly/2WORx87
– British broadcaster ITV Plc has scrapped its dividend after advertisers cut spending due to the rapid spread of the coronavirus. bit.ly/3aeQGBn
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The Guardian
– Disney is pressing ahead with the UK and western European launch of its Netflix challenger, Disney+, on Tuesday as streaming and TV viewing surges with coronavirus keeping millions of people at home. bit.ly/3aquHHu
– British government has chosen the medical ventilators it believes can be rapidly produced to equip the NHS with 30,000 machines needed to cope with an upsurge in COVID-19 patients. bit.ly/2QGwhxa
Information was provided through reuters
