FE Today Logo

Trump expects Russia-Saudi oil agreement soon

WASHINGTON, Apr 02 (Reuters): US President Donald Trump said he has invited US oil executives to the White House to discuss ways to help the industry "ravaged" by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia.Trump also said he had talked recently...

Read more

Int'l airline body calls for urgent help for Mideast

LONDON, Apr 02 (Agencies): The International Air Transport Association (IATA) has urged Middle East governments to support their airlines with regional revenues expected to plunge by almost 40 per cent this year as the spread of the coronavirus (Covid-19) paralyzes global travel.The latest IATA scenario for potential revenue loss by...

Read more

Gaza factories pivot to masks in Covid-19 response

GAZA CITY, Apr 02 (Arab News): Queen Tex factory in Gaza used to specialize in manufacturing shirts and jeans, but with the coronavirus (Covid-19) epidemic sweeping the globe it has pivoted into medicalwear.Now lines of men are using old sewing machines to stitch together masks while also wearing them, as...

Read more

US jobless claims seen at record high

WASHINGTON, Apr 02 (Reuters): The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.Thursday's weekly jobless claims report...

Read more