May 20, 2020

Futures jump as investors hold out for recovery

U.S. stock index futures climbed on Wednesday as investors clung to hopes of a recovery from a looming coronavirus-fuelled recession amid signs of more central bank […]
May 20, 2020

Britain’s Rolls-Royce to axe 9,000 jobs in air travel slump

Rolls-Royce plans to cut at least 9,000 jobs, or more than a sixth of its workforce, in the latest blows to the UK economy and aviation […]
May 20, 2020

Mining companies rush to shield indigenous communities from coronavirus

Big mining companies that rely on indigenous workforces or operate near remote communities have acted fast to curb the spread of the coronavirus and avoid a […]
May 20, 2020

Target profit sinks 64% as COVID-19 costs offset gains from sales surge

Target Corp reported a 64% plunge in quarterly profit on Wednesday, pummeled by costs to tackle the coronavirus outbreak, even as panic-buying during the crisis lifted […]
May 20, 2020

Stocks adrift as vaccine rally falters

European stocks slipped lower on Wednesday and gold gained as a sceptical press report undermined some hopes for a COVID-19 vaccine and concern about obstacles to […]
May 20, 2020

U.S. blacklists Chinese logistics firm over business with Iran airline

Washington on Tuesday imposed sanctions on a China-based company it accused of acting on behalf of U.S.-blacklisted Mahan Air, the Treasury Department said, and denounced the […]
May 20, 2020

Norwegian Air gets $271 million state-backed loan after debt restructuring

Budget airline Norwegian Air has secured a long-sought credit guarantee from Norway’s government after completing a debt restructuring, it said on Wednesday, allowing it to survive […]
May 20, 2020

Britain’s Rolls-Royce to cut 9,000 jobs amid air travel slump

Britain’s Rolls-Royce said on Wednesday it would cut at least 9,000 jobs from its global staff of 52,000 and could shut factories to adapt to the […]
May 20, 2020

UK will look at helping Rolls Royce employees and the sector: minister

Britain will look at how it can help the employees of Rolls-Royce after the engine maker said it would cut at least 9,000 jobs from its […]
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