The World Health Organization said 83 coronavirus vaccines are in development globally, with six of them in human trials stage.
European companies continued to reel with Unilever announcing it’s withdrawing guidance. Credit Suisse is taking a $1 billion hit. Earlier, Daimler AG scrapped hopes for higher profits this year even as Hermes said it was reopening mainland stores.
China reported no deaths from coronavirus for an eighth straight day. South Korea said it will prepare for a second wave of virus infections.
President Donald Trump signed an order Wednesday temporarily curbing immigration to limit competition for jobs as the U.S. moves toward reopening the economy.
The U.K. will raise 180 billion pounds ($222 billion) from May to July from the sale of bonds as the government steps up borrowing to combat the economic chaos wrought by the coronavirus.
Together with the 45 billion pounds it plans on raising in April, offerings this year will likely dwarf the 228 billion pound record in 2009-10, according to figures published by the Debt Management Office Thursday. Last month it estimated a total of 156.1 billion pounds of sales for the fiscal year.
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