The Trump administration on
Wednesday asked Congress to approve $500 billion in cash
payments to taxpayers in two rounds that would start April 6 and
$50 billion in secured loans to U.S. airlines to address the
financial impact of the coronavirus, according to a document
seen by Reuters.
President Tayyip Erdogan said
on Wednesday Turkey would postpone debt payments and reduce tax
burdens in various sectors under a 100 billion lira ($15.4
billion) package to support the economy and lessen the impact of
the coronavirus pandemic.
Goldman Sachs said it
has instructed most of its staff in the Americas, Europe, the
Middle East and Africa to work from home from Wednesday until
further notice, according to an internal notice the bank posted
on its website late on Tuesday.
Hungarian Prime Minister
Viktor Orban on Wednesday announced a blanket moratorium on loan
repayments for all companies and private borrowers until the end
of the year to limit the economic fallout from the spread of the
Portugal's Prime Minister
Antonio Costa said on Wednesday that President Marcelo Rebelo
de Sousa asked parliament to authorise a state of emergency to
contain the growing coronavirus outbreak, and that the
government agreed with the measure.