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Reuters: Business News

U.S. unemployment rate unexpectedly falls in May 2020-06-05 09:05:25The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department said on Friday in a report that showed the latest signs t

May U.S. payrolls rise fans hopes for economic 2020-06-05 09:05:05The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department said on Friday in a report that showed the latest signs t

Trump congratulates self on U.S. jobs report, will 2020-06-05 09:03:10President Donald Trump on Friday sent a tweet taking credit for a stunning U.S. jobs report that showed the country's unemployment rate dropped durin

LVMH backs down on renegotiating Tiffany deal: sources 2020-06-05 09:02:00French luxury goods giant is not seeking to renegotiate its $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whet

Canada adds net 289,600 jobs in May 2020-06-05 09:00:03Canada added a net 289,600 jobs in May, with most of the employment gains coming in full time, Statistics Canada said on Friday. The rebound in May hi

Canada gains 289,600 jobs in May, unemployment edges 2020-06-05 09:00:03Canada's economy unexpectedly gained 289,600 jobs in May, mostly in full-time work, Statistics Canada said on Friday. The jobless rate edged up to 13

Suntory CEO says 20% of restaurants may fail 2020-06-05 08:58:36Takeshi Niinami, the head of Japanese drinks and food group Suntory Holdings and a government adviser, predicted on Friday that more than 20% of bars

Futures jump after surprise fall in May unemployment 2020-06-05 08:54:11U.S. stock index futures sharply extended gains on Friday after a closely watched monthly employment report from the Labor Department showed the joble

Bombardier to cut 2,500 aviation jobs as COVID-19 2020-06-05 08:23:14Canadian business jet maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11% of its workforce, at its aviation unit as the COVID-19

BBC appoints insider as new boss to negotiate 2020-06-05 08:13:15The BBC appointed an insider as its new director general on Friday, tasked with securing the future direction and financing of the publicly-funded Bri

Global stocks and euro gain ahead of U.S. 2020-06-05 08:11:35World stocks held near three-month highs and the euro also remained close to a three-month peak, thanks to a larger than expected European stimulus bo

Exclusive: Unfazed by pandemic, Bank of Japan to 2020-06-05 08:10:18The Bank of Japan is likely to maintain this month its projection that the economy will gradually recover from the damage wrought by the coronavirus p

BBC News - Business

China's cinemas face 'massive bloodbath' of closures 2020-06-03 23:29:01Film audiences have moved online during the virus pandemic with fears they might not return to cinemas.

HSBC and StanChart back China security laws for 2020-06-03 22:10:00The UK-based banks have both come out in support of China's controversial national security laws.

Mastercard boss: 'Leaders must reassure staff' 2020-06-03 19:23:39Mastercard’s Ajay Banga talks to the BBC’s Sharanjit Leyl in a special edition of Talking Business Asia: Leading in Crisis.

Social media firms fail to act on Covid-19 2020-06-03 19:16:21A study indicates that 90% of misinformation reported to Facebook and Twitter remains online.

Coronavirus: 'I may lose it all, but there’s 2020-06-03 19:06:56Layla Barnes is one of thousands of small business owners who are getting no government support in the pandemic.

Coronavirus: Ex-chancellors warn of severe unemployment ahead 2020-06-03 18:59:16George Osborne, Alistair Darling and Philip Hammond were quizzed by MPs on the economic hit of coronavirus.

US to suspend passenger flights from China 2020-06-03 15:58:30It comes after Beijing refused requests by US airlines to resume flights to China.

Snapchat stops promoting Donald Trump's account due to 2020-06-03 14:13:54The social network says it will drop Trump from Discover over 'racial violence and injustice'.

Rolls-Royce confirms 3,000 job cuts across the UK 2020-06-03 13:45:03The cuts, which will hit the Derby plant hardest, follow a collapse in demand for jet engines.

Bank boss tells lenders to be ready for 2020-06-03 10:34:29The central bank said the advice was part of its regular weekly call with lenders.

'I’m ready to face quarantine just to get 2020-06-03 10:32:50As the UK's 14-day quarantine plan looms, many have decided to take a summer holiday regardless.

Coronavirus: UK holidaymakers ‘welcome’ in Portugal 2020-06-03 06:09:52Portugal's foreign minister tells the BBC that an "air bridge" agreement could be in place soon.

Business

How big oil is trying to win back 2020-05-29 20:00:00Supermajors claim their prospects are not as bleak as they seem

Why Asian business dynasties struggle with succession 2020-05-29 20:00:00Stanley Ho, a Macau casino magnate, who died on May 26th, aged 98, offers clues

Working life has entered a new era 2020-05-29 20:00:00Farewell BC (before coronavirus). Welcome AD (after domestication)

The Renault-Nissan alliance hunkers down 2020-05-29 20:00:00The fraying Franco-Japanese carmaking union wants to give it another go

The e-commerce boom makes warehouses hot property 2020-05-29 20:00:00The warehouse king battles a master of the universe

South-East Asian tycoons’ high-wire act 2020-05-29 20:00:00Ethnic-Chinese business dynasties contend with competing demands from their adopted homes and their newly assertive ancestral land

The global grooming industry gets cut down to 2020-05-28 10:48:00Itinerant hair stylists and barbers are a rare bright spot in a clobbered business

Business lessons from the Pentagon 2020-05-28 10:48:00How to introduce advanced technology into a stodgy organisation

Farewell for now to a golden age of 2020-05-23 00:00:00The pandemic has hurt the booze business

Zoomers, zeros and Gen Z 2020-05-22 20:00:00The pandemic has widened two divides in the labour market

America’s latest salvo against Huawei is aimed at 2020-05-22 20:00:00It may push the industry out of America, too

Walmart ekes out an edge in groceries during 2020-05-22 20:00:00America’s biggest retailer has outshone Amazon when it comes to food

Economy

How the U.S. economic response could change as 2020-06-05 16:23:08Despite the drop in the unemployment rate in May, many economists feel further aid is needed.

Trump declares victory amid turmoil 2020-06-05 15:03:50Surprisingly positive jobs numbers had the president ebullient on Friday, gleeful that the upswing indicated America’s ills were on the mend.

States move cautiously in contending with huge budget 2020-06-05 10:00:24Many wait to see what Congress will do before committing to tax hikes, big spending cuts

Why Politics Keeps Tanking a Bailout Idea That 2020-06-01 05:19:20Nobody in Congress likes to give other politicians money. But the track record shows that writing checks directly to states could keep the recession f

U.S. economy shrank at 5% annual rate in 2020-05-28 15:13:46It was the biggest quarterly decline in more than a decade.

U.S. abdicating global leadership role, leader of European 2020-05-27 19:00:12The president of the European Bank for Reconstruction and Development says the world needs a new generation of leaders to fill the void.

Kudlow: Trump admin ‘may well’ support back-to-work bonus 2020-05-26 12:38:56Republicans are aiming to offer an alternative to Democrats’ push to continue $600 weekly federal unemployment payments.

POLITICO-Harvard poll: Stark partisan divide on reopening America 2020-05-21 19:55:42Republicans are twice as likely as Democrats to say businesses should reopen soon.

At least a quarter of the workforce is 2020-05-21 17:39:00A Q&A with our reporters and economist Austan Goolsbee, the former chairman of the Council of Economic Advisers.

Trump tries on MAGA 2.0 for a pandemic 2020-05-20 19:55:39The president's argument, which has been met with skepticism from economists, is essentially: I’ve already built the economy once, I can build

Few signs Sweden's coronavirus strategy will save it 2020-05-20 08:42:13Customers staying at home and weak demand in the rest of the EU means economic pain ahead.

Trump projects a sense of normal, but West 2020-05-18 04:30:48The White House is struggling to keep its leaders and staffers safe while pushing for the reopening of America.


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