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In response to virus, Bank of England cuts main rate to 0.1%

In response to virus, Bank of England cuts main rate to 0.1%

LONDON — The Bank of England slashed its main interest rate to 0.1%, the lowest level since its founding in 1694, and reactivated a bond-buying stimulus program to cushion against the economic shock of the coronavirus pandemic.
Some Canadian companies embarking on hiring sprees amid COVID-19 layoffs

Some Canadian companies embarking on hiring sprees amid COVID-19 layoffs

TORONTO — While scores of Canadian employers have been laying off workers across the country amid an outbreak of novel coronavirus, Cherif Habib has been doing the exact opposite.
More retailers close, some defend staying open amid COVID-19

More retailers close, some defend staying open amid COVID-19

Retailers that have remained open as concerns around the spread of the novel coronavirus increase are either succumbing to pressure to shut their doors or explaining why they should be considered an essential service.
Ford suspends dividend, borrows to weather virus downturn

Ford suspends dividend, borrows to weather virus downturn

DETROIT — Ford is suspending its dividend to preserve cash as vehicles sales fade due to the coronavirus outbreak. The company said it's drawing on two credit lines to put another $15.4 billion in cash on its balance sheet.

A list of known scams related to COVID-19, from Canadian Anti-Fraud Centre

TORONTO — The Canadian Anti-Fraud Centre has updated its list of known COVID-19-related scams.
Thomson Reuters acquires tech company Pondera Solutions, terms not disclosed

Thomson Reuters acquires tech company Pondera Solutions, terms not disclosed

TORONTO — Thomson Reuters says it has acquired Pondera Solutions, a technology company focused on detecting improper payments in health plans and government programs. Financial terms of the agreement were not immediately available.
Treasury proposal: Deliver $500B to Americans starting April

Treasury proposal: Deliver $500B to Americans starting April

WASHINGTON — By a sweeping bipartisan tally, the Senate on Wednesday approved a $100 billion-plus bill to boost testing for the coronavirus and guarantee paid sick leave for millions of workers hit by it — and President Donald Trump quickly signed it
Porter, Transat move to suspend all flights as border closes to contain COVID-19

Porter, Transat move to suspend all flights as border closes to contain COVID-19

MONTREAL — Porter Airlines has joined Transat AT Inc. in moving to suspend all flights while Air Canada is suspending most of its international and U.S. transborder flights in response to governments closing the border.
Trump invokes emergency authority; Big 3 automakers closing

Trump invokes emergency authority; Big 3 automakers closing

MINNEAPOLIS — President Donald Trump on Wednesday invoked emergency authority to marshal industry to fight the coronavirus, as the economic fallout from the crisis mounted with word that nearly the entire U.S.
Europe's central bank launches new program to calm markets

Europe's central bank launches new program to calm markets

FRANKFURT — The European Central Bank is launching a new, expanded program to buy financial assets in a bid to calm markets as monetary authorities struggle to counter the devastation the virus outbreak is wreaking on the global economy.