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Reuters: Business News

UPS adds 'peak' surcharge amid coronavirus fueled delivery New! 2020-05-28 17:55:02United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of everyt

Renault poised to announce 15,000 layoffs worldwide: union New! 2020-05-28 17:41:09French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with falteri

Stocks, euro rise on recovery hopes; U.S.-China rift New! 2020-05-28 17:40:30A gauge of global equity markets climbed on Thursday on optimism for a speedy economic recovery and a massive stimulus plan in Europe helped lift regi

ViacomCBS slashes up to 400 jobs as part New! 2020-05-28 17:37:36ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save $750 million from its merger with CBS, a source familiar with the

Trump move could scrap or weaken law that New! 2020-05-28 17:33:13President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, including Twitter and

Nordstrom sales plunge nearly 40% on pandemic-led store New! 2020-05-28 17:28:55Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the COVID-19 pandemi

U.S. major airlines roll out more options to New! 2020-05-28 17:22:33The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept v

Cisco to acquire software firm ThousandEyes New! 2020-05-28 16:54:30Cisco Systems Inc has agreed to acquire privately held software maker ThousandEyes Inc, the network gear maker said on Thursday.

Costco beats revenue estimates as consumer stockpile essentials New! 2020-05-28 16:51:27Warehouse club operator Costco Wholesale Corp beat quarterly revenue estimates on Thursday, as people stocked up on essentials before hunkering down

Dell beats revenue estimates as remote working lifts New! 2020-05-28 16:50:55Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more e

Italy's credit agency SACE approves state guarantees for New! 2020-05-28 16:49:52The board of Italy's export credit agency SACE has approved state guarantees covering 80% of a 6.3 billion euro ($7 billion) bank loan for Fiat Chrys

Canada's Huawei extradition ruling could unleash more Chinese New! 2020-05-28 16:43:38A Canadian court ruling that could permit the extradition of a senior Huawei Technologies Co Ltd [HWT.UL] executive to the United States leaves Canada

BBC News - Business

Coronavirus: Rishi Sunak urged by MPs to extend New! 2020-05-29 00:06:05Some 114 MPs warn Rishi Sunak it is too soon to end a coronavirus support scheme for freelancers.

Trump signs executive order targeting Twitter after fact-checking New! 2020-05-28 19:57:20The US president's move follows a decision by Twitter to add a "fact-check" notice to his tweets.

Coronavirus: UK sees almost no car manufacturing in New! 2020-05-28 19:06:19Output fell by 99.7% from the same month last year as virus closes car plants.

Renault prepares for 15,000 job cuts New! 2020-05-28 16:33:38The French carmaker in February reported its first annual loss in a decade

What if the US removes Hong Kong's special New! 2020-05-28 14:55:45Until now, the US has given Hong Kong favourable trading terms

Trump to take 'big action' against social media New! 2020-05-28 13:10:56The US president is expected to sign an executive order following a row with Twitter.

Biggest UK solar plant approved New! 2020-05-28 12:33:28Climate change: Go-ahead for controversial solar farm - the UK's biggest

Will coronavirus change America's jobless stigma? New! 2020-05-28 12:29:42In a country where state aid is frowned upon, the number of Americans receiving benefits has skyrocketed.

MPs call for urgent action to save aviation New! 2020-05-28 10:27:15A cross-party group adds its voice to concerns about the government's plan to quarantine all arrivals.

Nissan backs UK plant but protests erupt in New! 2020-05-28 10:11:04Almost 3,000 jobs will be lost in Spain but the carmaker says its Sunderland factory will stay open.

Coronavirus: EasyJet plans up to 4,500 job cuts New! 2020-05-28 08:24:08The airline says up to 30% of its workforce will go as it struggles with the slump in demand for air travel.

Murdoch shuts 112 Australia print papers in major 2020-05-28 04:18:15More than 100 print papers to close as News Corp shifts to digital after the virus pandemic hit revenues.

Business

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

Why Asian business dynasties struggle with succession New! 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 New! 2020-05-29 20:00:00Farewell BC (before coronavirus). Welcome AD (after domestication)

The Renault-Nissan alliance hunkers down New! 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 New! 2020-05-29 20:00:00The warehouse king battles a master of the universe

South-East Asian tycoons’ high-wire act New! 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 New! 2020-05-28 10:48:00Itinerant hair stylists and barbers are a rare bright spot in a clobbered business

Business lessons from the Pentagon New! 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

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.

'Immunity passports' won't reopen America 2020-05-18 04:30:39Antibody apps may still find a niche in the workplace.

Fed’s Powell warns unemployment could reach Depression-level 25 2020-05-17 20:42:20The Fed chief expressed hope that the economy would come out of recession in the second half of the year.

IMF chief predicts 3-year economic hit from coronavirus 2020-05-15 18:55:43The fund's Managing Director Kristalina Georgieva is urging governments to spend more and guarantee salaries.

Job losses have now hit 40% of low-income 2020-05-14 13:03:15Thirteen percent of all U.S. adults, or 20 percent of people who were employed in February, were laid off or furloughed.

Trump vs. the skeptics: Reopening fight highlights polar 2020-05-13 04:30:21Reopening quickly could boost Trump and the economy. It could also spark catastrophe.

Trump sticks with positive messaging as coronavirus misery 2020-05-11 04:30:27With deaths mounting and unemployment at a record high, the president is focused on reopening the country.

Lamar Alexander warns 'not enough money' to help 2020-05-10 12:23:07"We have to let people go back to work and earn a living," the Tennessee Republican says.

Kudlow baffled by Obama’s criticism of Trump administration 2020-05-10 10:29:38He defends the White House response to the coronavirus pandemic.

‘They’re doing it for politics’: Trump says some 2020-05-08 14:27:02The president offered no evidence to support his claim.

Trump’s hopes for ‘tremendous rebound’ crash into grim 2020-05-05 19:55:57Corporate leaders are rushing to reshape their businesses to ensure they survive. Their caution could again devastate the president’s favorite g

Trump team plots tax cuts and regulatory suspensions 2020-05-04 04:30:38The president's team is looking to bolster the economy — and turn the page from concerns about testing shortfalls.


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