Fidelity Top Stories
Democrats and White House working on fourth economic relief package
Democrats in Congress and the White House were readying another economic relief package aimed at helping state governments, mortgage markets and the country's travel industry.
Fed broadens access to US dollar funding for dozens of central banks
America's central bank moved to meet the heightened demand for US dollar from overseas.
Airlines could burn through $61bn in Q2 - IATA
The airline industry faces a second quarter loss of $39bn if severe coronavirus travel restrictions last for three months, the industry body said on Tuesday.
Glencore delays decision over dividend in light of Covid-19 uncertainty
Glencore is to delay a decision over a potential $2. 6bn dividend payout because of the current “exceptional” economic uncertainty.
Goldman slashes 1H US GDP forecast due to rapid pace of firings
Fiscal and monetary policy in the States have been eased "dramatically further" but the rapid pace at which companies are shedding workers means the US economy will take a bigger than expected hit from the Covid-19 pandemic, Goldman Sachs said.
Covid-19 could leave 24m in poverty, warns World Bank
The economic impact of the Covid-19 pandemic could leave 24 million people trapped in poverty in East Asia and the Pacific (EAP), the World Bank warned on Tuesday.