April 7, 2020

Former Fed chief Bernanke sees bad year, no quick recovery

The U.S. economy could shrink 30% or more this quarter as stay-at-home orders aimed at slowing the coronavirus outbreak choke off business, and it could be […]
April 7, 2020

Layoffs, closures to wipe out 6.7% of working hours worldwide in second quarter: ILO

Workplace disruptions caused by the COVID-19 pandemic are expected to wipe out labor equivalent to the effort of 195 million full-time workers, or 6.7% of hours […]
April 7, 2020

Colombian businesses call for more aid after quarantine extension

Colombian businesses on Tuesday called on the government to expand measures to help companies weather coronavirus, after President Ivan Duque extended a nationwide lockdown by two […]
April 7, 2020

Facebook launches new chat app for couples

Facebook Inc on Tuesday launched a new social app for couples called “Tuned” that allows partners to chat, share photos, music and have a timeline of […]
April 7, 2020

U.S. pushes back on call by OPEC+ to join big oil output cuts

Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and […]
April 7, 2020

OPEC+ needs to agree output numbers before meeting: Iran oil minister

There needs to be an agreement on oil production numbers before any future meeting between OPEC and non-OPEC members, Iran’s Oil Minister Bijan Zanganeh tweeted on […]
April 7, 2020

Lufthansa to discontinue Germanwings in sweeping restructuring

Lufthansa will close its Germanwings low-cost airline as part of a broader overhaul including capacity cuts across the group, it said on Tuesday as it warned […]
April 7, 2020

Exxon lops 30% off 2020 spending, deeper and later than rivals

Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production, cutting planned capital spending by 30% this year as the […]
April 7, 2020

Oil little changed as hopes for output cuts offset by crude glut

Oil was little changed on Tuesday as hopes that the world’s biggest producers would agree to cut output were tempered by a worsening crude oil glut […]
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