Federal Reserve Temporarily Eases Capital Requirement for Big Banks
The Federal Reserve is temporarily relaxing a rule that imposes additional capital requirements on deposits and Treasury securities held by the biggest U.S. banks.
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Pentagon Confirms It’s Seeking 100,000 Body Bags in Virus Crisis
The Pentagon confirmed that it’s seeking to provide as many as 100,000 military-style body bags for potential civilian use as the U.S. warns that deaths could soar in the coming weeks from the coronavirus pandemic.
Saudi Arabia and Russia Signal Readiness to Cooperate on Oil
Saudi Arabia and Russia signaled on Thursday they were ready to cooperate to help stabilize the oil market after calls with U.S. President Donald Trump to discuss the slump in prices triggered by the end of a deal to curb output and a collapse in demand.
Trump: Fed program to help businesses, workers launches Friday as unemployment claims soar
On the same day the federal government announced more than 6.6 million Americans filed unemployment claims, President Donald Trump said a program to help businesses continue to pay workers launches Friday.
Israelis protest medical state clamp-down as leaders enter quarantine
Protestors in Jaffa, Israel joined with a young man Wednesday who was accosted by police for defying government orders to not depart more than 328 feet from his home.
Pastors maintaining the right to meet in person face increased pressure from state governments
Pastors refusing to comply with coronavirus regulations effectively shuttering churches are facing increased harassment from state authorities, with New York City Mayor Bill De Blasio even threatening to permanently close churches and synagogues that defy social distancing orders.
US on track to build 400-450 miles of border wall by end of year
The US is well on track to build 400-450 miles of wall along its south-western border by the end of the calendar year, said Acting Homeland Security Secretary Chad Wolf at a news conference with President Trump Wednesday.
Israel’s health minister tests positive for coronavirus
Israel’s most senior Health Minister has tested positive for coronavirus, government officials confirmed Thursday. Yaakov Litzman has entered isolation together with his wife, who also tested positive. Litzman is part of Israel’s ultra-Orthodox community which, according to unofficial figures cited by Israeli TV channels Sunday, make up half the country’s hospitalized coronavirus patients.
Hezbollah accused of bringing coronavirus to Lebanon
The Iran-backed Hezbollah terrorist organization in Lebanon has been accused of helping to bring coronavirus to the nation. Opponents of the powerful group point out that Lebanon took three weeks to block flights from Iran, after a woman who had just returned from there tested coronavirus positive on February 20. Hezbollah is accused of causing the delay to ensure its supporters could return home. Denying the claims, Hezbollah is trying to show the Lebanon Shiite community that it is working to protect them from the outbreak.
Morgan Stanley: ‘World Facing Deep Global Recession’
The world’s largest investment bank and financial services company warns of a “deep global recession” due to the new coronavirus pandemic. New York-based Morgan Stanley says worldwide economic growth could slow by as much as 0.9 percent this year. “[The virus] COVID-19 is at once a human tragedy and unparalleled synchronous shock, affecting both the demand and supply sides of the global economy,” writes Morgan Stanley chief economist Chetan Ahya in a note.
Pence: Don’t attend church services with more than 10 people
Vice President Mike Pence on Wednesday said that people should not attend church services with more than 10 attendees present.
Study Shows Even Non-Religious Americans Are Turning to Prayer as a Result of COVID-19
A new poll from Pew Research Center reveals that the COVID-19 outbreak is changing Americans’ religious habits, drawing more people to the power of prayer.
Trump claims Iran planning ‘sneak attack’ on US troops in Iraq
President Trump warned that Iran and its allies are planning to attack American troops “and/or assets” in Iraq.
U.S. manufacturing contracts; private payrolls post first drop since 2017
U.S. manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year low, reinforcing economists’ views that the economy was in recession.
1.5 Million Israelis Using Voluntary Coronavirus Monitoring App
Around 1.5 million Israelis have downloaded a mobile app in the past week that alerts users who have crossed paths with a coronavirus patient, according to the Health Ministry, helping to improve tracking of the pandemic.
Israel Tests New 3D-Printed Tech That Can Make Medical Masks Stronger Against COVID-19
As Israelis scramble for ways to protect themselves from the deadly coronavirus, some doctors will begin testing a new method of defense against COVID-19.
Blood test ‘can check for more than 50 types of cancer’
A simple blood test can check for more than 50 types of cancer, often before any signs or symptoms, scientists say.
German Scientists Identify New Strain of Plastic-eating Bacteria
German scientists say they have identified a strain of bacteria that is feeding on polyurethanes, a plastic resistant to biodegradation.
Pastor Charged for Holding Services Amid Coronavirus Lockdown
The pastor of a Louisiana church was charged Tuesday with defying state efforts to curtail the coronavirus outbreak. Tony Spell of the Life Tabernacle Church near Baton Rouge faces six counts of misdemeanor for holding services in violation of state-wide orders to stay home and to limit essential gatherings to 10 persons. Spell has said the government is infringing on the right to religion and that he will continue to hold services.
US rushes to build makeshift hospitals as coronavirus death toll rises
The US government rushed to set up make-shift hospitals on Tuesday as over 850 people died from coronavirus, the highest number in a single day. Hundreds of hospitals are being built close to major cities to help local health care systems struggling at maximum capacity and beyond, Reuters reported.