Ford hoards cash, withdraws profit forecast amid coronavirus outbreak

DETROIT (Reuters) – Ford Motor Co (F.N) on Thursday moved to hoard cash on its balance sheet, drawing down $15.4 billion from two credit lines and suspending its dividend, in a move to bolster reserves to ride out damage to its business from the coronavirus pandemic. The No. 2 U.S….

Tulsi Gabbard ends campaign for Democratic presidential nominee, endorses Biden

Hawaii congresswoman Tulsi Gabbard is suspending her presidential campaign, ending a long-shot effort that saw her feuding with Hillary Clinton and raising fears among Democrats that she would mount a third-party 2020 bid. She’s offering her full support to former Vice-President Joe Biden. She made the announcement by email on…

Wall Street dips at open as virus response falls short

(Reuters) – The S&P 500 and the Dow Jones Industrials opened slightly lower on Thursday as another round of sweeping emergency action from policymakers across the globe failed to convince panic-stricken stock markets that a global recession could be averted. The Dow Jones Industrial Average .DJI fell 68.91 points, or…

Cleaning up: Scottish whisky makers now distilling hand gel

Distillers in Scotland are using their experience with alcohol production to turn their hands to making sanitiser. Glasgow, United Kingdom –┬áScotland’s ability to manufacture (and consume) alcohol such as Scotch whisky may be world-renowned, but Scottish distilleries are today joining the fight against the coronavirus pandemic. Responding to a global…

Coronavirus: Deaths in Spain rise to 767 as lockdown continues

The number of people who have died after testing positive for coronavirus in Spain has risen to 767, an increase of 169 in the last 24 hours. The total number of COVID-19 cases also grew overnight, rising by just over a quarter to 17,147. Spain is the second worst affected…

Coronavirus: Thursday update from Manitoba Health Officials

The province of Manitoba will hold its daily update on the novel coronavirus situation at 11 a.m. Manitoba health officials will be in attendance. Global News will livestream the press conference here. Manitoba currently stands at 17 presumed and confirmed cases as of Thursday morning, with two additional cases announced…