Dairy farmer Jason Leedle felt his stomach churn when he got the call on Tuesday evening. “We need you to start dumping your milk,” said his contact from Dairy Farmers of America, the largest U.S. dairy cooperative.
European stock markets sank on Friday, erasing meagre gains for the week, as more companies flagged a hit to business from the coronavirus pandemic while oil prices extended their previous day's gains on hopes of a global supply cut.
The generous U.S. unemployment benefits rolled out to blunt the economic harm caused by the coronavirus could have an unintended effect: it may actually be an incentive for companies to choose layoffs rather than keep staff on their books.
The U.S. Navy relieved the aircraft carrier Theodore Roosevelt's captain of his command on Thursday, punishing him for the leak of a scathing letter he sent to superiors that sought stronger measures for curbing a coronavirus outbreak aboard the ship.
Pakistani authorities ordered on Friday four men, including a British militant, convicted of the 2002 murder of U.S. journalist Daniel Pearl, to be detained for three months despite a lower court's ruling to overturn their convictions.
Spain reported more deaths from the coronavirus tearing around the world on Friday, but the number who succumbed overnight was lower than the previous day.
International seat capacity has dropped by almost 80% from a year ago and half the world's airplanes are in storage, new data shows, suggesting the aviation industry may take years to recover from the coronavirus pandemic.
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