April 29, 2020

Exclusive: Amazon turns to Chinese firm on U.S. blacklist to meet thermal camera needs

Amazon.com Inc has bought cameras to take temperatures of workers during the coronavirus pandemic from a firm the United States blacklisted over allegations it helped China […]
April 29, 2020

Wall Street jumps on coronavirus drug hopes; Fed in focus

U.S. stocks jumped to seven-week highs on Wednesday as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent Alphabet […]
April 29, 2020

Wall Street jumps on hopes of potential coronavirus drug

Wall Street jumped on Wednesday as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent Alphabet boosted shares of […]
April 29, 2020

British Airways owner bets on costs not bailouts to survive

A plan to axe up to 12,000 jobs at IAG’s British Airways underlines CEO Willie Walsh’s desire to survive what is expected to be aviation’s worst […]
April 29, 2020

Shares gain after encouraging COVID-19 drug data, oil jumps

A gauge of global stocks climbed on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices surged. […]
April 29, 2020

COVID-19 has ‘changed everything’, RBS Chairman says

Royal Bank of Scotland chairman Howard Davies said on Wednesday the coronavirus pandemic had “changed everything” and its impact on society and the economy would likely […]
April 29, 2020

Swiss government works with UBS, Credit Suisse on aviation sector loans

The Swiss government is working primarily with UBS Group and Credit Suisse on a nearly 1.9 billion Swiss franc ($1.95 billion) package of state-backed loans for […]
April 29, 2020

Boeing to cut workforce and production as it braces for years-long industry recovery

Boeing Co said on Wednesday it would cut its workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares […]
April 29, 2020

Luckin Coffee delays annual filing amid accounting probes

Luckin Coffee Inc said on Wednesday it would not file its annual financial report on time as it was dealing with investigations into hundreds of millions […]
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