Feed aggregator

The dollar consolidated its gains against other currencies on Thursday before the release of weekly U.S. jobless data likely to provide more evidence of the world's biggest economy hurtling into a deep recession.

Uber Eats said orders for grocery delivery on its platform jumped 59% across Europe in March compared with February as countries locked down to fight the coronavirus, helping offset some of the impact of shuttered restaurants on demand.

French hotel group Accor said that some of its hotels in the Paris region will open on Thursday to people infected with the coronavirus who are symptom-free or showing slight symptoms.

The Thai government expects to conclude a capital injection plan for flagship carrier Thai Airways International Pcl next week, a government minister said on Thursday.

The world's biggest asset manager BlackRock Inc saw the capital it manages fall by almost $1 trillion in the first quarter as investors pulled money out of its marquee funds amid the most damaging stock market selloff in more than a decade.

Huawei Technologies Co Ltd is gradually shifting production of chips designed in-house away from Taiwan Semiconductor Manufacturing Co Ltd (TSMC) and towards a mainland Chinese firm in preparation for more U.S. restrictions, sources familiar with the matter said.

U.S. stock index futures edged higher on Thursday, with investors weighing the prospects of the economy re-opening against worsening macroeconomic data and dour first-quarter earnings reports.

BlackRock Inc , the world's largest asset manager, reported a 23% drop in quarterly profit, as investors pulled money out of its marquee funds and preferred cash management services, while costs rose amid a global economy hit by the coronavirus pandemic.

Luxury carmaker Bentley is extending its plant shutdown by three weeks and will begin gradually reopening from May 11, as coronavirus lockdown measures remain in place in Britain.

Ford Motor Co said on Thursday that its China vehicle sales in the first three months this year fell 34.9% from a year earlier to 88,770 units, as the novel coronavirus epidemic hit demand in the world's biggest auto market.

Oil prices ticked up on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.

Abu Dhabi’s Etihad Airways has the full support of its state shareholder as it plans a partial resumption of passenger flights from May 1, its chief executive Tony Douglas said on Thursday.

As countries scramble for face masks to protect their healthcare workers from the coronavirus, German and U.S. manufacturers in Europe are seeing an opportunity more permanently to take on big Asian rivals and bring mask production closer to home.

As European nations clamour for masks to protect their healthcare workers against the coronavirus, a niche within the synthetic fibre industry emerges as the provider of a vital component.

The dollar consolidated its gains against other currencies on Thursday before the release of weekly U.S. jobless data, which are likely to provide more evidence of a deep recession in the world's biggest economy.

Sherborne Investors said on Thursday it would withhold its vote to reappoint Barclays Chief Executive Jes Staley in the bank's annual general meeting to prevent fresh boardroom turmoil as the bank grapples with the COVID-19 fallout.

Europe led world stock markets back to higher ground on Thursday as tentative moves to reopen parts of the some of its larger coronavirus-hit economies offset some truly stinking global economic numbers.

The Pentagon's inspector general on Wednesday said it could not determine whether the White House influenced the award of a $10 billion contract to Microsoft Corp over Amazon after several officials said their conversations were privileged "presidential communications."

Oil prices were broadly stable on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.

British airline EasyJet can survive a lengthy grounding of its fleet during the coronavirus pandemic thanks to measures taken to shore up its finances, the low-cost carrier said on Thursday.