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Reuters: Business News

Oil, shares slip on doubts over Saudi-Russia deal New! 2020-04-03 00:11:56Oil prices retreated on Friday after massive gains, while stocks in Asia edged down, as doubts grew over an oil price deal between Saudi Arabia and Ru

Explainer: How the coronavirus crisis is affecting food New! 2020-04-02 23:52:28The coronavirus pandemic has disrupted global food supplies and is causing labour shortages in agriculture worldwide.

Oil falls on scepticism over Trump's Saudi-Russia output New! 2020-04-02 23:40:08Oil prices fell on Friday, coming off their biggest one-day gains in the previous session, after U.S. President Donald Trump said he had brokered a de

Exclusive: Neiman Marcus advances bankruptcy preparations - sources New! 2020-04-02 23:16:09Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced the debt-laden U.S. luxury depart

Airline industry braces for prolonged recovery from coronavirus New! 2020-04-02 22:50:05International seat capacity has dropped by almost 80% from a year ago and half the world's airplanes are in storage, new data shows, suggesting the a

Trump says 3M 'will have a big price New! 2020-04-02 22:45:57President Donald Trump slammed 3M Co in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the compa

Boeing to temporarily suspend Philadelphia area operations amid New! 2020-04-02 22:19:53Boeing Co said on Thursday it will temporarily suspend production at facilities in Ridley Township, Pennsylvania, amid the ongoing coronavirus pandem

Airbnb lowers internal valuation to $26 billion as New! 2020-04-02 22:15:53Airbnb lowered its internal valuation by 16% to $26 billion, as the U.S. home rental firm grapples with a slowdown in bookings due to the global sprea

Oil futures pare record gains as doubts creep New! 2020-04-02 21:45:21Oil prices fell on Friday, coming off their biggest one-day gains in the previous session after U.S. President Donald Trump said he had brokered a dea

Uber to start shipping car disinfectants to drivers New! 2020-04-02 21:44:41Uber Technologies Inc will begin shipping disinfecting car spray to selected drivers in areas most affected by the coronavirus outbreak, an executive

Healthcare stocks show their defensive allure in ailing New! 2020-04-02 21:44:20The coronavirus pandemic is throwing a spotlight on stocks in the U.S. healthcare sector, home to the companies that could develop treatments, vaccine

What's in the U.S. small business rescue program? New! 2020-04-02 21:43:52Amid confusion over a $349 billion rescue program for small businesses struggling to survive the coronavirus pandemic, the U.S. Treasury released guid

BBC News - Business

Banks under fire for coronavirus loan tactics 2020-03-25 20:00:40MPs have criticised banks for asking business owners to put their own property up to secure loans.

Coronavirus: What’s behind the great toilet roll grab? 2020-03-25 20:00:34Supermarkets and ethical toilet roll firms have seen soaring demand as customers stockpile due to Covid-19.

US markets close higher after emergency virus deal 2020-03-25 16:26:21Stocks keep gains as the president and the US Senate agree a massive stimulus package for the economy.

Coronavirus: Off-licences added to list of 'essential' retailers 2020-03-25 15:06:42Government updates list of shops allowed to open during the pandemic to include those selling alcohol.

Coronavirus: Construction firms split as shutdown calls grow 2020-03-25 13:09:37Confusion deepens as some firms decide to stay open, citing government guidelines for essential work.

Coronavirus: 'Avoid using microwave to get faster internet' 2020-03-25 05:18:49With millions of people working from home, media watchdog Ofcom issues tips to boost internet speed.

Nike turns to digital sales during China shutdown 2020-03-25 00:04:18Sportswear giant Nike says online sales have helped cushion blow of widespread store closures during virus.

Facebook group calls soar 1,000% during Italy's lockdown 2020-03-24 21:13:31The social media platform has seen usage rocket in countries hardest hit by coronavirus lockdowns.

Marini Naturals: The haircare business that reaches 12 2020-03-24 20:16:00Michelle Ntalami couldn't buy the products she wanted for her hair, so she set up a company to sell them.

Global stock markets surge after weeks of losses 2020-03-24 17:21:59The Dow rose more than 11% for its best day since 1933, while the FTSE 100 closed 9% higher.

Coronavirus: No extra help for airlines, chancellor says 2020-03-24 17:05:52Rishi Sunak says bailing out airlines would be a "last resort" as the sector braces for a $252bn loss.

Coronavirus: Carmakers answer pleas to make medical supplies 2020-03-24 11:27:30The car industry is pledging to help tackle a shortage of ventilators and masks as virus spreads.

Economy

Great Depression 2? Worries about a coronavirus-induced calamity 2020-03-23 20:40:41Economists increasingly warn that Washington’s current efforts won’t be enough to fight a downturn approaching the devastation seen eight

Coronavirus upends the battle for the House 2020-03-23 04:30:14Trump’s impeachment is no longer likely to dominate the campaigns that will determine control of Congress.

Congress should bail out gig workers, Cohn says 2020-03-22 12:18:45Those workers typically don’t qualify for unemployment benefits.

Coronavirus Will Change the World Permanently. Here’s How. 2020-03-19 19:30:26A crisis on this scale can reorder society in dramatic ways, for better or worse. Here are 34 big thinkers’ predictions for what’s to come

What Trump’s Trillion-Dollar Bailout Gets Right, and Wrong 2020-03-19 16:52:45The good, the bad—and one very scary aside.

Stock plunge triggers fourth trading pause in 2 2020-03-18 13:14:31Shortly before 1 p.m., the S&P 500 index hit the 7 percent decline needed to trigger a mandatory 15-minute break.

The Smart Way to Save Jobs in the 2020-03-18 12:16:56One-fifth of U.S. workers have already lost hours or jobs. “Shared work” can slow the losses and speed an economic recovery.

How ugly could it get? Trump faces echoes 2020-03-16 20:21:34Forecasters see historic job losses and deep economic pain on the horizon — but with a sharp rebound, if Congress steps up.

Big banks brace for coronavirus-related onslaught 2020-03-16 19:55:25The banks will be tested on how well they’ve prepared for a global shock to the economy that no one saw coming.

How Republicans' tax overhaul could make a recession 2020-03-16 14:11:00Republicans’ 2017 tax overhaul made changes to the tax code that will make it harder for businesses to bounce back from a downturn.

Mnuchin dodges on specifics of coronavirus' economic impact 2020-03-15 11:55:49“I wouldn’t focus on the technical issue of whether we are going to be in a recession or not,” he said.

‘I don’t want to use the b-word’: Trump 2020-03-12 18:58:36Trump aides are studying the nation’s response after 9/11 and during the 2008-09 crisis to design an aid package for an economy quickly slamming


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