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Updated: 4 years 29 weeks ago
U.S. consumer sentiment edges up in May but worries about social isolation grow
U.S. consumer sentiment rose unexpectedly in early May after a record plunge a month earlier as emergency assistance payments improved household finances hurt by mass layoffs from the coronavirus crisis, a survey released on Friday showed.
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Ethiopian Airlines sees crash settlement with Boeing by end-June
Ethiopian Airlines expects a settlement with planemaker Boeing by end of June over the crash of an 737 MAX plane in March 2019, CEO Tewolde Gebremariam told Reuters on Friday.
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India's farmers gather record wheat crop, but cannot move it
Late last month, Sukrampal had to beg and borrow farmhands from nearby villages to gather his part of the country's largest-ever wheat harvest in Haryana state near New Delhi.
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White House's Kudlow floats cutting U.S. corporate tax rate in half
White House economic adviser Larry Kudlow on Friday floated the idea of cutting the corporate tax rate in half for U.S. companies who bring their operations back from other countries.
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Shares in Wirecard fall sharply; traders cite concerns about Dubai business partner
Shares in Wirecard fell more than 13% to their lowest in more than two years on Friday, traders pointing to a tweet about a business partner based in Dubai liquidating as the reason for the sudden sharp drop in afternoon trade.
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Exclusive: Virgin Atlantic won't resume flights until August if UK introduces quarantine - source
Virgin Atlantic will not be able to resume passenger flights until August at the earliest if Britain introduces a 14-day quarantine for travellers, according to a source at the airline.
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Wall Street falls as trade war fears add to virus woes
A slump in technology stocks knocked Wall Street's main indexes lower on Friday, as signs of deteriorating trade relations between the United States and China added to economic worries due to the novel coronavirus pandemic.
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Coronavirus pummels U.S. retail sales, industrial production
U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.
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U.S. stock market falls on plunging retail sales; oil up
U.S. stocks sank on Friday after data showed a worse-than-expected drop in retail sales and as investors worried about increased Sino-U.S. trade hostilities, while signs of a pick-up in demand helped boost oil prices.
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Lockheed Martin to pay $300 million more to suppliers hit by coronavirus
U.S. weapons maker Lockheed Martin Corp said on Friday it would pay an additional $300 million to its suppliers hurt by a sharp economic slowdown caused by the coronavirus crisis.
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Fiat Chrysler in talks over 6.3 billion euro state-guaranteed loan: source
Fiat Chrysler is in talks with Italian lender Intesa Sanpaolo over a 6.3 billion euro ($6.8 billion) state-guaranteed loan to help the automaker weather the coronavirus crisis, a source close to the matter said on Friday.
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Fiat Chrysler in talks over 6.3 bln euro state-guaranteed loan: source
Fiat Chrysler is in talks with Italian lender Intesa Sanpaolo over a 6.3 billion euro ($6.8 billion) state-guaranteed loan to help the automaker weather the coronavirus crisis, a source close to the matter said on Friday.
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Wall Street retreats as trade war fears compound virus woes
U.S. stocks dropped on Friday as signs of deteriorating trade relations between the United States and China added to economic worries due to the novel coronavirus pandemic.
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Exclusive: Virgin Atlantic won't restart flights until August if UK introduces quarantine - source
Virgin Atlantic will not be able to resume passenger flights until August at the earliest if Britain introduces a 14 day quarantine for travellers, according to a source at the airline.
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Belgium tells Lufthansa state aid possible if conditions met
The Belgian government said on Friday it was committed to reaching a deal with Lufthansa to save its Belgian subsidiary Brussels Airlines if the future of the national carrier was guaranteed.
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Coronavirus sinks U.S. retail sales again in April
U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.
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U.S. moves to cut Huawei off from global chip suppliers
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action ramping up tensions with China.
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Wall Street eyes weak open as trade war fears add to virus woes
Wall Street's main indexes were set to open lower on Friday after the Trump administration's move to block semiconductor shipments to China's Huawei Technologies ratcheted up fears of trade hostilities between Washington and Beijing.
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Ethiopian Airlines CEO expects settlement with Boeing by end-June
Ethiopian Airlines expects a settlement with planemaker Boeing by end of June over the crash of an 737 MAX plane in March 2019, CEO Tewolde Gebremariam told Reuters on Friday.
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Belgium tells Lufthansa state aid possible if its conditions met
The Belgian government said on Friday it had told Lufthansa it could only invest in its Belgian subsidiary Brussels Airlines if certain conditions were met, according to a joint statement with Lufthansa.
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