April 2, 2020

BA suspends more than 30,000 staff, owner scraps dividend

British Airways said on Thursday it has struck a deal with its unions to suspend more than 30,000 cabin crew and ground staff in one of […]
April 2, 2020

Nivea-maker Beiersdorf scraps 2020 outlook due to coronavirus crisis

Nivea-maker Beiersdorf on Thursday scrapped its 2020 outlook due to the coronavirus pandemic, and also released preliminary first-quarter sales that showed a 3.6% fall from a […]
April 2, 2020

Saudi Arabia and Russia signal readiness to cooperate on oil

Saudi Arabia and Russia signalled on Thursday they were ready to cooperate to help stabilise the oil market after calls with U.S. President Donald Trump to […]
April 2, 2020

Russia does not rule out returning to oil talks with Saudi Arabia

Russian Energy Minister Alexander Novak said on Thursday that Moscow may return to oil negotiations with Saudi Arabia after talks collapsed last month, which, coupled with […]
April 2, 2020

Planemakers brace for sharp cuts in wide-body output: sources

Planemakers are looking at drastic cuts in wide-body production amid a slump in demand for the industry’s largest jetliners, manufacturing and supplier sources said on Thursday. […]
April 2, 2020

U.S. factory orders unchanged in February

New orders for U.S.-made goods were unexpectedly flat in February, and could remain weak as a global coronavirus outbreak strains supply chains and undercuts the manufacturing […]
April 2, 2020

Healthcare stocks show their defensive allure in ailing market

The coronavirus pandemic is throwing a spotlight on stocks in the U.S. healthcare sector, home to the companies that could develop treatments, vaccines and improved diagnostics […]
April 2, 2020

Ford says post-crisis support for U.S. customers ‘would be appropriate’

Ford Motor Co’s U.S. sales chief said on Thursday the automaker believes some level of government stimulus will be needed for consumers once the coronavirus pandemic […]
April 2, 2020

Dollar advances for second day, shrugs off record U.S. jobless claims

The dollar rose for a second straight day against a basket of currencies on Thursday as investors, worried about the prospect of a global recession continued […]
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