April 17, 2020

BoE’s Bailey orders banks to ‘put their backs into it’ on COVID-19 loans

Bank of England Governor Andrew Bailey told Britain’s banks to speed up lending to companies as the coronavirus crisis threatens to deliver a historic blow to […]
April 17, 2020

Exclusive: IKEA aims to start reopening stores in Europe in May

IKEA store owner Ingka Group, the world’s biggest furniture retailer, aims to start reopening shops in Europe in May after closures and sliding demand due to […]
April 17, 2020

U.S. airlines sitting on $10 billion in travel vouchers, lawmakers say

U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group […]
April 17, 2020

Crude oil held in sea storage hits new record at 160 million bbls: sources

Traders are storing an estimated record 160 million barrels of oil on ships – double the level from two weeks ago as they seek to tackle […]
April 17, 2020

Nasdaq proposes easing listing rules during coronavirus crisis

Nasdaq Inc has applied with the U.S. Securities and Exchange Commission to offer temporary relief to companies listed on its exchange with stock prices and market […]
April 17, 2020

Vienna Airport launches savings program, cancels 2019 dividend

Vienna Airport launched a savings programme equivalent to a quarter of annual revenue on Friday in response to the travel falloff caused by coronavirus and said […]
April 17, 2020

Some life insurers hit pause on older Americans during coronavirus crisis

Some U.S. life insurers are deciding not to gamble on older Americans during the coronavirus crisis by temporarily suspending applications from certain age groups or imposing […]
April 17, 2020

‘Fasten your seatbelt’: Investors brace for Europe Inc. results amid coronavirus

Investors will be hunting for companies that can rein in costs, preserve cash and avoid amassing big inventories during the coronavirus crisis as Europe Inc. prepares […]
April 17, 2020

French telecoms group Orange to cut dividend by 30%

Orange , France’s biggest telecoms operator, said on Friday it would cut its dividend for the 2019 financial year by 30% and that it would review […]
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