The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world.
Here is a look at some of the latest developments Thursday related to the global economy, particular economic sectors, and the workplace: AIRLINES: American Airlines CEO Doug Parker says the company is eligible for about $12 billion of the $50 billion in grants and loans set aside for passenger airlines under the economic-rescue bill.
In a video to employees, Parker said some of the terms of the grants aren't yet clear, "so we are not yet positive that American will meet those conditions," including that airlines not furlough or lay off workers until Sept.