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Updated: 4 years 29 weeks ago
With hospitals stressed, U.S. enters 'peak death week' in coronavirus crisis
The United States entered what an official called the "peak death week" of the coronavirus on Monday while a watchdog report said hospitals were struggling to maintain and expand capacity to care for infected patients.
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Capri furloughs all North America store staff, sees stores reopening only after June 1
Michael Kors owner Capri Holdings Ltd said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as it expects to reopen its stores only after June 1.
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NYSE eases listing requirements amid coronavirus market mayhem
The New York Stock Exchange has eased its listing requirements until the end of June to take the strain off companies that may have fallen out of compliance due to the market rout spurred by the coronavirus, according to a regulatory filing.
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Exclusive: Qatar Petroleum not scaling down LNG expansion despite delay in bids - CEO
Qatar Petroleum will postpone the start of production from its new gas facilities to 2025 due to a delay in the bidding process, but is not downsizing the world's largest liquefied natural gas project despite concerns of a mounting glut, its chief executive told Reuters.
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JPMorgan CEO Dimon calls 'bad recession', mulls suspending 2020 dividend
JPMorgan Chase & Co's top boss, Jamie Dimon , on Monday said he sees a "bad recession" in 2020, and that the largest U.S. bank could suspend its dividend if the coronavirus crisis deepens.
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Allstate to return $600 million in auto premiums to customers as pandemic cuts driving
U.S. insurer Allstate Corp said on Monday that it would return more than $600 million in auto insurance premiums to customers as many Americans stay home and drive less due to "shelter-in-place" orders to curb the coronavirus outbreak.
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Peugeot parent secures further 3 billion euros of loans
Peugeot-owner PSA said on Monday it had secured a further 3 billion euros ($3.3 billion) of loans, strengthening its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis.
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BMW sees demand falling further after first quarter sales plunge due to coronavirus
BMW is expecting a further decline in global demand as the coronavirus outbreak takes its toll, a spokesman said on Monday, after the German carmaker reported a 20.6% drop in first quarter sales to 477,111 vehicles.
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IBM taps former Bank of America CTO to oversee cloud business
International Business Machines Corp on Monday named former Bank of America Corp top technology executive Howard Boville head of its cloud business, as Arvind Krishna takes over from long-time chief Ginni Rometty.
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Michael Kors owner Capri furloughs all North America store staff
Michael Kors owner Capri Holdings Ltd said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as it expects to open its stores only after June 1.
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S&P 500 set to recoup $1 trillion in value as coronavirus deaths slow
The S&P 500 was on track to recoup about $1 trillion in market value on Monday in a frantic rally after New York, the biggest U.S. coronavirus hot spot, reported a fall in daily deaths, raising hopes that the pandemic could level-off soon.
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Stocks jump as COVID deaths slow; oil falls on OPEC+ delay
World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some of the world's hot spots, while a delay in talks between Saudi Arabia and Russia to cut supply sent oil prices tumbling again.
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Total among companies seeking force majeure on EDF contracts: sources
Energy major Total is among several power suppliers that tried to declare force majeure on buying nuclear power from EDF, sources said, as the coronavirus outbreak has pushed prices in the French electricity market far below existing contracts.
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As infections balloon, coronavirus squeezes Europe's armed forces
Military forces across Europe have scaled back operations and imposed stricter rules on personnel to try to stem the spread of the coronavirus among staff who often live and work in close quarters, making them more vulnerable to infection.
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ILO annual gathering of labour ministers postponed for a year
An annual gathering of the world's labour ministers will not take place this year because of the coronavirus pandemic, but will convene in June 2021, the International Labour Organization (ILO) said on Monday.
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U.S. officials brace for 'peak death week' in coronavirus
U.S. officials on Monday girded the country for a "peak death week" from the coronavirus pandemic as the accelerating American death toll closed the gap with Italy and Spain, the countries with the most fatalities to date.
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Uber connects out-of-work U.S. ride-hail drivers to delivery, production jobs
Uber Technologies Inc said on Monday its app will list job openings in the delivery, food production and grocery industry that its U.S. drivers can access during a slump in ride-hailing demand due to the coronavirus.
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Oil falls after Saudi Arabia, Russia delay meeting
Oil prices fell on Monday after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help to reduce global oversupply as the coronavirus pandemic pummels demand.
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Wall Street opens higher on coronavirus slowdown hopes
U.S. stocks opened higher on Monday, after President Donald Trump expressed hope that the coronavirus health crisis was "leveling-off" in some of the hardest-hit U.S. states.
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EasyJet founder steps up battle with management over Airbus order
Stelios Haji-Ioannou, easyJet's founder and biggest shareholder, on Monday intensified his battle with the airline's management over a huge aircraft order with Airbus which he says it should cancel.
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