Reuters Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 4 years 29 weeks ago
U.S. weekly jobless claims seen at record high: again
The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
Categories: Reuters
British Airways in union talks to suspend around 32,000 staff: source
British Airways is in talks with its union about a plan to suspend around 32,000 staff, a person familiar with the situation said, marking one of the industry's most dramatic moves yet to survive the coronavirus pandemic.
Categories: Reuters
Oil market shock to spill over into global supply chains: IEA
The global crisis caused by the coronavirus pandemic will be felt throughout oil's global supply chains and ripple into other parts of the energy sector, the International Energy Agency (IEA) said in a report on Wednesday.
Categories: Reuters
Pigs fly in as China replenishes world's biggest hog herd
Six planes carrying more than 4,000 high-quality French breeding pigs have arrived in China so far this year, the first of an expected dozens of plane-loads as the world's top pork producer rebuilds its decimated hog herd.
Categories: Reuters
Bayer says glyphosate settlement talks delayed by coronavirus-Handelsblatt
Talks between Bayer AG and plaintiff lawyers to settle claims that the German company's glyphosate-based weedkillers cause cancer have been slowed by the coronavirus pandemic, Bayer's Chief Executive told daily Handelsblatt.
Categories: Reuters
Exclusive: U.S. officials agree on new ways to control high tech exports to China - sources
The Trump administration is tightening rules to prevent China from obtaining advanced U.S. technology for commercial purposes and then diverting it to military use, several sources told Reuters.
Categories: Reuters
BA in union talks to suspend around 32,000 staff: source
British Airways is in talks with its union about a plan to suspend around 32,000 staff so it can survive the coronavirus pandemic, a person familiar with the situation said.
Categories: Reuters
Elon Musk's SpaceX bans Zoom over privacy concerns -memo
Elon Musk's rocket company SpaceX has banned its employees from using video conferencing app Zoom, citing "significant privacy and security concerns," according to a memo seen by Reuters, days after U.S. law enforcement warned users about the security of the popular app.
Categories: Reuters
Disney+ content to make exclusive Middle East debut on OSN
Walt Disney Co's Disney+ content will be available for the first time in the Middle East and North Africa on regional pay television and online streaming service provider OSN from April 9.
Categories: Reuters
Dollar firm overall, but oil price jump boosts commodity currencies
The dollar gave up some of its recent gains on Thursday after a 10% jump in oil prices boosted commodity-linked currencies, though uncertainties over the coronavirus pandemic kept the safe-haven greenback strong against other major currencies.
Categories: Reuters
Oil rallies as Trump talks up truce hopes for Saudi-Russia price war
Crude oil futures jumped 10% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war and Russian President Vladimir Putin called for a solution to "challenging" oil markets.
Categories: Reuters
Pandemic fears curb stocks as markets wait on U.S. jobs test next
Asian share markets were pinned down on Thursday, haunted by the rising U.S. coronavirus death toll, and with investors braced for more signs of economic pain in the world's largest economy, ahead of another likely record week of jobless claims.
Categories: Reuters
SoftBank terminates $3 billion WeWork tender offer
SoftBank Group Corp said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, including ousted co-founder Adam Neumann, drawing threats of legal action from other board members.
Categories: Reuters
Boeing to offer voluntary layoffs to employees to tide over coronavirus fallout -sources
Boeing Co is set to offer buyout and early retirement packages to employees, two people familiar with the matter said on Wednesday, a bid to mitigate the financial fallout from the coronavirus pandemic.
Categories: Reuters
Asian stocks slip as virus fears deepen ahead of U.S. jobs data
Asian share markets were pinned down on Thursday, haunted by the rising U.S. coronavirus death toll, and with investors braced for more signs of economic pain in the world's largest economy ahead of another likely record week of jobless claims.
Categories: Reuters
Delivery Hero takes steps to support struggling restaurants
Delivery Hero , one of the world's top online food delivery marketplaces, announced measures on Thursday to support restaurants that are trying to survive coronavirus lockdowns by ramping up deliveries to consumers stuck at home.
Categories: Reuters
Trump says expects Russia-Saudi oil deal soon, invites US oil chiefs to White House
U.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry "ravaged" by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia.
Categories: Reuters
Trump says he expects Saudi-Russia oil production deal in coming days
U.S. President Donald Trump said on Wednesday he expected Saudi Arabia and Russia to reach a deal in the next few days on oil production to end a price war that has "ravaged" the oil industry worldwide.
Categories: Reuters
U.S. Energy Department urges Saudi, Russia to calm oil markets
The U.S. Energy Department on Wednesday urged Saudi Arabia and Russia to calm oil markets after the kingdom's crude supply rose to a record of more than 12 million barrels per day even as oil demand falters on the coronavirus pandemic.
Categories: Reuters