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Reuters: Business News

U.S. senator to liquidate individual stock shares after New! 2020-04-08 22:12:01U.S. Senator Kelly Loeffler said on Wednesday she would liquidate her individual stock share positions after the wealthy Republican and her husband we

Exxon used economic uncertainty to push for Paulsboro, New! 2020-04-08 21:57:30Exxon Mobil Corp used economic uncertainty tied to the coronavirus pandemic to urge workers at its lubricants and packaging plant in Paulsboro, New J

Exclusive: Airbnb to restrict bookings on its platform New! 2020-04-08 21:28:17Home rental firm Airbnb will block British bookings on its platform for the vast majority of customers on Thursday, allowing only key workers to stay

Mexican president lashes out at companies over layoffs, New! 2020-04-08 21:24:44Mexico's president threw himself into a new confrontation with businesses on Wednesday, accusing big companies of not paying taxes and upbraiding oth

Crude futures climb ahead of OPEC+ meeting New! 2020-04-08 21:00:16Crude futures rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the i

Risk currencies buoyed by cautious hopes pandemic is New! 2020-04-08 20:52:25Risk-sensitive currencies climbed on Thursday on budding optimism the coronavirus pandemic may be peaking although the euro was dented by the European

Mexico auto sector to resume operations once U.S. New! 2020-04-08 20:16:49Mexican President Andres Manuel Lopez Obrador said on Wednesday the domestic auto sector can resume operations shortly after the U.S. industry gears u

Russia, Saudi to debate oil output cuts as New! 2020-04-08 20:11:23OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their efforts to address the slump in prices wrought during the coronav

Asia shares set to follow Wall Street's rally New! 2020-04-08 20:00:38Asian shares were poised to track Wall Street's gains on Thursday on hopes the coronavirus pandemic is nearing a peak and that governments would roll

U.S. senators question Amazon CEO about firing of New! 2020-04-08 19:55:32Five Democratic lawmakers on Wednesday wrote Amazon.com Inc to raise concern about its firing of a worker who protested warehouse operations during th

After pandemic, Fed policymakers see slow U.S. recovery New! 2020-04-08 19:49:44The U.S. economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federa

Coming next from the Fed: How much for New! 2020-04-08 19:49:44The U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companie

BBC News - Business

Investors warned not to rush into travel and 2020-04-07 23:20:56Cinema chain Cineworld's share price rocketed almost 50% while cruise ship operator Carnival rose 22%.

Facebook releases couples-only messaging app 2020-04-07 21:01:09The new service claims to be a "private space" for couples but has the same data privacy policy as Facebook.

Job Retention Scheme may cost three times initial 2020-04-07 19:49:55The UK's Job Retention Scheme may cost £30-40bn over three months, according new analysis

Coronavirus: Three perspectives on furloughing 2020-04-07 19:09:17Three people react to the furloughing scheme put in place in response to the coronavirus outbreak.

Coronavirus: 'The money isn’t coming in quick enough' 2020-04-07 19:02:02The boss of DW Fitness First, Martin Long, says he's worried about paying his monthly wage bill

Lufthansa makes 'permanent' cuts as travel plunges 2020-04-07 19:01:32The German airline will close its Germanwings service and de-commission more than 40 aircraft.

Coronavirus: What’s life like when you're on furlough? 2020-04-07 19:01:26With growing numbers of people being furloughed, how is this affecting them and their employers?

Coronavirus: Twitter boss pledges $1bn for relief effort 2020-04-07 18:23:37Jack Dorsey said he would give 28% of his wealth towards efforts to "disarm" the pandemic.

Investors seize on positive news but rally fades 2020-04-07 17:44:38US shares shed gains after a global stock market rally.

Coronavirus: 'I was asked for £430 a month 2020-04-07 15:26:06Many nurseries are closed, but some are still asking parents to continue to pay a monthly fee

Coronavirus: Holland & Barrett keep stores open despite 2020-04-07 13:55:21Staff have set up a petition, pleading with management to close stores over safety concerns.

Coronavirus: Four out of five people's jobs hit 2020-04-07 13:25:05The global economic impact of coronavirus could leave nearly 200 million people jobless, a UN agency says.

Economy

Dimon sees 'bad recession' after 'bad planning' for 2020-04-06 09:20:01The JPMorgan Chase CEO took a veiled swipe at the Trump administration and other U.S. leaders for failing to prepare for the outbreak.

Dems find a rallying cry: Trump tanked the 2020-04-06 04:29:23Framing a coherent economic argument that all the party’s factions can rally around is proving thorny.

Trump’s biggest 2020 pitch disintegrates 2020-04-03 11:24:33In just weeks, the president’s challenge has morphed from building on his predecessor’s economic record to rebuilding his own.

When Can America Reopen From Its Coronavirus Shutdown? 2020-04-02 19:55:08The answer depends how you weigh human health against the economy. We asked experts how to think about the tricky calculus.

The corporate bailout doesn't include the limits Democrats 2020-04-02 12:40:48Democrats promised strict limits on what corporations can do with the half-trillion dollars in loan money they're getting. But the Fed doesn't have

How Congress will keep an eye on $2 2020-04-01 19:52:48The rescue package establishes a series of oversight tools intended to guard against corruption.

Economists pan Pelosi’s proposal to lift cap on 2020-03-31 19:28:39The move wouldn’t give the economy much of a boost, they say.

House passes $2 trillion coronavirus package — but 2020-03-27 10:57:08Republican Rep. Thomas Massie threatened to delay passage of the bill.

‘Just damage containment’: Cost of the coronavirus shutdown 2020-03-26 18:42:43Millions of Americans are out of work, most others are slashing their spending and businesses are getting crushed.

How the $2 trillion deal came together — 2020-03-26 01:14:20Inside McConnell, Schumer and Mnuchin’s race to rescue the economy.

‘Have We Learned Nothing?’ 2020-03-25 12:56:32The Dems' Christmas-tree bailout pitch isn’t going anywhere, but tells us a lot about what we might be headed for.

The unthinkable: Is it time to shut down 2020-03-24 04:30:08Even lawmakers have started suggesting it's time for Wall Street to press pause to help calm the waters.

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