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Global pact to contain oil price crash takes shape

Global pact to contain oil price crash takes shape

DUBAI, United Arab Emirates — The OPEC oil cartel and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a day in production, or a tenth of global supply.
Consumer prices slump 0.4% as virus puts chill on spending

Consumer prices slump 0.4% as virus puts chill on spending

WASHINGTON — Consumer prices fell 0.4% in March, the largest decline in five years, revealing the downward pressure that the coronavirus pandemic is exerting on the cost of gasoline, airfares, hotel rooms and other goods and services.

Markets stable amid holidays, oil down on OPEC uncertainty

BANGKOK — Asian shares were steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis.
Asian shares steady after Wall St caps best week since 1974

Asian shares steady after Wall St caps best week since 1974

BANGKOK — Asian shares are steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis.
B.C. ramps up mental health support for front-line health care workers, families

B.C. ramps up mental health support for front-line health care workers, families

VICTORIA — Two hundred psychologists in British Columbia are volunteering to provide free virtual counselling to front-line health workers as part of the province's efforts to ramp up mental health services for anyone who needs them.

Shaw suspends share buybacks amid economic uncertainty caused by COVID-19 impact

CALGARY — Shaw Communications executives said Thursday that the Freedom Mobile service won't meet its 2020 target for growing its subscriber base because the COVID-19 crisis has kept stores closed and customers distracted, but they said the lost reve

Alberta announces extra $1B to create jobs repairing roads, bridges, schools

EDMONTON — Alberta is adding $1 billion to its budget to repair more roads, schools, bridges and potholes as a way to create jobs during the COVID-19 pandemic.
A new $2.3 trillion Fed plan to aid localities and companies

A new $2.3 trillion Fed plan to aid localities and companies

WASHINGTON — The Federal Reserve unleashed a new series of moves Thursday to try to make loans available to states, localities and companies that have been hard hit by the coronavirus. In doing so, the Fed will pump an additional $2.
Pandemic has set the number of air travellers back decades

Pandemic has set the number of air travellers back decades

The number of Americans getting on airplanes has sunk to a level not seen in more than 60 years as people shelter in their homes to avoid catching or spreading the new coronavirus.
IMF head sees worst economic downturn since Great Depression

IMF head sees worst economic downturn since Great Depression

WASHINGTON — The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world's poorest countries suffering the most, the head of the International Monetary Fund said Thursday.