Hertz  has said any recovery to pre-coronavirus levels is dependent on the return of the airline industry

Hertz, the car rental group backed by US billionaire businessman Carl Icahn, has staved off bankruptcy after striking a deal with lenders to extend (...)

 American Airlines is one of the companies seeking funding from the US government.

US airlines reached preliminary deals with the Treasury Department to access billions of dollars in aid, securing a temporary lifeline as the industry(...)

US president Donald Trump: has underlined need to fight the “invisible enemy” of coronavirus. “I think our economy will come back very rapidly.” Photograph: Leah Millis

The Trump administration is considering sending cheques directly to Americans “in the next two weeks”, as the White House ramps up its response to the(...)

Sarah Miller, who heads the American Economic Liberties Project, in Washington. Photograph: Andrew Mangum/The New York Times

One night five years ago, Sarah Miller, a former US treasury department aide, was trying to make sense of an economic recovery that had left the count(...)

US attorney general William Barr said Mr Trump’s criticism of those involved in the case of Roger Stone ‘make it impossible for me to do my job’. Photograph: Andrew Caballero-Reynolds/AFP via Getty

US attorney general William Barr said on Thursday that president Donald Trump’s attacks on prosecutors, the judge and jurors in the trial of a longtim(...)

 Roger Stone, a longtime political adviser to US president Donald Trump, arrives for a hearing at the DC Federal District Court in Washington on March 14th last. Photograph: Erik S Lesser/EPA

US president Donald Trump on Wednesday praised attorney general William Barr for “taking charge” after the justice department asked for a lighter pris(...)

Daniel Mullaney is due to meet officials in the Department of Finance, and also to hold roundtable meetings with large US employers here. File photograph: Thierry Tronnel/Corbis via Getty Images

A senior official in the Trump administration is this week holding behind-closed-doors meetings with Government and industry figures in Dublin about t(...)

The trade dispute has already spread beyond tariffs to other areas such as technology, and analysts caution tit-for-tat measures could widen in scope and severity

China’s central bank said on Tuesday that Washington’s decision to label Beijing as a currency manipulator would “severely damage international finan(...)

Photograph: Jason Lee/Reuters

China took steps to limit weakness in the yuan, providing some stability to global financial markets in the wake of Monday’s rout, and said it won’t d(...)

The renminbi weakened on Monday beyond Rmb7 per US dollar for the first time since the 2008 global financial crisis. Photograph: EPA

The renminbi weakened on Monday beyond Rmb7 per US dollar for the first time since the 2008 global financial crisis, breaching a floor that China’s ce(...)

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