US retailers plan to stop paying rent to offset coronavirus hit

NEW YORK (BLOOMBERG) – Major US retail and restaurant chains, including Mattress Firm and Subway, are telling landlords they will withhold or slash rent in the coming months after closing stores to slow the coronavirus, according to people familiar with the situation. In a brewing fight, chains are calling for rent reductions through lease amendments and other measures starting in […]

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UPDATE 1-Britain seeking 250,000 volunteers to help health service

(Adds detail, tasks and Hancock quote) LONDON, March 24 (Reuters) – Britain is looking for 250,000 volunteers to help the National Health Service (NHS) and vulnerable people hit by the coronavirus crisis, health minister Matt Hancock said on Tuesday. “We are seeking a quarter of a million volunteers, people in good health, to help the NHS, for shopping, for delivery […]

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Fed's 'bazooka' soothes dollar funding squeeze

LONDON, March 24 (Reuters) – The U.S. Federal Reserve’s efforts to shield the economy from the effects of the coronavirus have — for now – slowed a scramble for dollars that threatened to clog funding markets. The dollar had gained almost 9% in 11 days in the rush for cash, but it fell on Tuesday, at one point to its […]

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