World coronavirus dispatch: US crosses 100,000 cases; jobs cuts fear global

Read in today's global Covid-19 digest: Horde among machine makers to produce ventilators; world's richest footballers in for a pay cut; Apple's dedicated Covid-19 screening app; and more

Bankruptcies and lay-offs might be lurking now, as the International Monetary Fund (IMF) head has already called the present slowdown a recession. “It’s now a recession,” asserted IMF Managing Director Kristalina Georgieva on Saturday. Read

Meanwhile, the US Parliament has signed off on the largest economic relief package in its history – a $2.2-trillion whopper. This legislation will speed government payments of $1,200 to most Americans and increase jobless benefits for millions of people thrown out of work. Businesses big and small will get loans, grants and tax breaks. It will send unprecedented billions to states and