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Updated: 4 years 29 weeks ago
Exclusive: Air France-KLM in talks on multibillion euro state-backed loan package
Air France-KLM is in talks with banks to receive up to 6 billion euros ($6.5 billion) in loans guaranteed by the French and Dutch governments, as the airline group braces for a sustained coronavirus shutdown, sources told Reuters.
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Factbox: Google location data shows slump in trips to malls, offices
Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein in the spread of COVID-19.
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Google data shines light on whether coronavirus lockdowns worldwide are working
Alphabet Inc's Google has published charts showing how the coronavirus has brought hard-hit Italy to a standstill, led to runs on grocery stores around the world and prompted a stark drop in going-out between Mardi Gras and St. Patrick's Day.
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Crisis haunts British banks in coronavirus relief effort
With the future of many coronavirus hit firms in their hands, British banks, still scarred by the financial crisis, are worried that they are being asked by a desperate government to make loans that will never be repaid.
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Factbox: British business loan scheme strained by coronavirus
Britain's Finance Minister Rishi Sunak on Friday announced updates to a scheme designed to get banks to help businesses hit by the coronavirus.
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Exclusive: Spain's coronavirus crisis stalls global fashion giant Inditex
Inditex has switched its clothes factories in Spain over to making medical supplies and its logistics hub has almost ground to a halt, effectively freezing the nerve centre of its business from which it supplies stores worldwide.
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Futures dip ahead of payrolls, business activity data
U.S. stock index futures retreated on Friday, with investors awaiting data on business activity and non-farm payrolls to get a clearer picture of the economic hit from the novel coronavirus.
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Stocks fall as business signals hit from pandemic, oil grinds higher
Global stock markets sank on Friday, as more companies flagged a hit to business from the coronavirus pandemic while oil prices extended their previous day's gains on hopes of a cut to global supply.
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China probes alleged fraud at Luckin Coffee, banks review IPO work
China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc and sources said some of the banks involved in the Chinese chain's successful U.S. IPO last year were reviewing their work in the listing.
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Ford says Europe manufacturing ops to remain suspended at least until May 4
Ford Motor Co on Friday extended the temporary suspension of vehicle and engine production at most of its European manufacturing sites to May 4.
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Business booms for coffin-makers in coronavirus-hit France
Two hauliers load their lorries with what is fast becoming a precious commodity in France as the coronavirus pandemic takes its dreadful toll - coffins.
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BMW CEO: working to safeguard liquidity during coronavirus crisis
BMW Chief Executive Oliver Zipse said the carmaker is focussing on preserving the health of its balance sheet and workforce which have come under strain during the coronavirus crisis.
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Coronavirus likely ended record U.S. job growth in March
The U.S. economy likely shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the coronavirus pandemic shuttered businesses and factories, confirming a recession is underway.
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Exclusive: Airbus weighs sharp cut in A320 series plane production - sources
Airbus is studying a sharp cut in output of its top-selling A320 plane series in light of industrial and delivery challenges posed by the coronavirus crisis, four people familiar with the matter said.
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'Mom & Pop' shops worry they will be squeezed out of small business coronavirus aid
Family-owned restaurants fear they could be pitted against larger competitors, hotel chains and potentially investment funds in a race starting on Friday for a $349 billion pot of money the U.S. government will offer businesses hard-hit by coronavirus.
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UK facing Depression-style hit as firms slump in March
Britain's economy looks set for a slump that in the short term could be deeper than during the depression of the 1930s, as a survey showed the coronavirus crisis caused a record downturn among services and manufacturing firms in March.
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Brent oil rises above $32 on hopes of output deal
Benchmark Brent crude oil futures rose as high as $33.05 a barrel on Friday on rising hopes of a new global deal to cut global crude supply.
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Factbox: Oil analysts sceptical about Saudi-Russian 'deal'
U.S. President Donald Trump is stoking the possibility of Saudi Arabia and Russia negotiating oil output cuts as the coronavirus outbreak hammers demand.
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Dollar resumes climb as investors bid for safety
The dollar resumed its climb against major currencies on Friday as investors took refuge in safety bids amid worsening economic fallout from the coronavirus pandemic.
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JPMorgan reaches agreement to increase stake in China mutual fund venture to 100%
JPMorgan has reached agreement with its Chinese partner to increase its stake in its Chinese mutual fund venture to 100%, joining BlackRock and Neuberger Berman to grow its presence in the world's second biggest economy.
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