May 19, 2020

S&P recovery will be far faster than 2008: Citigroup

U.S. stock markets will deliver among the steepest recoveries in their history over the next year, returning to levels from before March’s coronavirus lockdowns more than […]
May 19, 2020

Citigroup launches new ESG investment banking group

Citigroup Inc said on Tuesday that is launching a new business unit within its corporate and investment bank dedicated to environmental sustainability to strengthen its commitment […]
May 19, 2020

North American airlines say ticket cancellations slowing, demand improving

Two top U.S. airlines and Air Canada said on Tuesday ticket cancellations were slowing and demand was showing signs of improvement since the coronavirus pandemic brought […]
May 19, 2020

Oil rises on signs of output cuts and demand hopes

Oil prices rose on Tuesday amid signs that producers are cutting output as promised and on signs of increasing demand as more countries ease out of […]
May 19, 2020

Trump signs deal with company in effort shift drug manufacturing to U.S.: New York Times

The United States will announce on Tuesday that it has signed a $354 million contract with a company to make generic medicines and pharmaceutical ingredients in […]
May 19, 2020

Phlow gets $354 million U.S. funding to ensure drug supply amid COVID-19

U.S. drug manufacturer Phlow said on Tuesday it had received $354 million from the government to speed up the manufacturing of drugs being tested and used […]
May 19, 2020

Abu Dhabi’s Etihad cuts hundreds of jobs: sources

Abu Dhabi’s Etihad Airways has laid off hundreds of employees this month, including cabin crew, after the coronavirus pandemic forced it to ground flights, according to […]
May 19, 2020

Mitsubishi Motors’ full-year profit slumps 89%

Mitsubishi Motors Corp on Tuesday posted an 89% drop in annual operating profit in the year ended March as the Japanese automaker took a hit from […]
May 19, 2020

Thyssenkrupp CEO: No taboos in steel consolidation plans

Thyssenkrupp’s CEO on Tuesday said there were no taboos in plans to consolidate its steel unit, marking a break with tradition under which the business had […]
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