Economy

Economy
Coronavirus Update: Italy Closes Most Retailers; CME Group Closes Trading Floor; Amazon Establishes Relief Fund
March 12, 2020

Under siege by the coronavirus, the Italian government has ordered the closures of all retailers barring pharmacies and grocers, according to published reports Wednesday (March 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Trump Unveils Measures To Combat Economic Impact of Virus
March 11, 2020

President Donald Trump unveiled a number of executive actions designed to blunt at least some of the economic impact of the coronavirus, which continues to spread across the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Amazon To Deliver Coronavirus Test Kits In Seattle
March 11, 2020

To assist in bringing at-home testing kits for COVID-19, the disease caused by the coronavirus, to homes of Seattle-area residents, Amazon Care is reportedly in discussions with local health groups, according to a CNBC report. Get the Full Story Complete the form to unlock this...

Economy
Retail Tech Partners Step Up To Assist With Remote Work
March 11, 2020

With personal interactions under scrutiny due to the COVID-19 disruption, it’s a good time for retailers to take stock of their mobile and online commerce capabilities and technologies. Several companies have stepped up this week with some innovative remote solutions. Get the Full Story Complete...

Economy
Private Jets And Shelf-Stable Foods See Boost In Demand
March 11, 2020

The economic wreckage wrought by the coronavirus is at this point both hard to miss and hard to oversell. The markets on Monday (March 9) were a bloodbath, showed signs of improvement Tuesday and by Wednesday midday started falling fast again as continued uncertainty on a...

Economy
US Readies Economic Stimulus To Woo Consumer Spending Out Of Hiding
March 11, 2020

It’s almost impossible to look away from the screens of red (sometimes, though, they’re green for an instant) that dominate stock markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Riders, Drivers With Coronavirus Sidelined By Uber
March 11, 2020

Uber is making a move to sideline drivers and riders who are infected with the coronavirus or have been exposed to it, CNN reported on Wednesday (March 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Coronavirus Expected To Trigger $820B In Corporate Travel Losses
March 11, 2020

As the coronavirus continues to spread, international corporate trips have largely been suspended as the travel sector braces for an estimated revenue hit of $820 billion, Reuters reported on Wednesday (March 11), citing an industry survey. Get the Full Story Complete the form to unlock...

Economy
BoE Cuts Interest Rate, Launches SMB Incentives To Cope With Coronavirus Impact
March 11, 2020

In an emergency move designed to stem the economic impact of the coronavirus, the Bank of England on Wednesday (March 11) cut the country’s interest rate by 50 basis points to 0.25 percent. The central bank’s Monetary Policy Committee also voted unanimously to put in...