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Updated: 4 years 29 weeks ago
Thyssenkrupp's Merz stays on as CEO to handle overhaul
Martina Merz, who took over as interim chief executive of Thyssenkrupp , will remain in the job until 2023 after successfully selling the group's elevator unit in a landmark deal last month, the conglomerate said on Friday.
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Macy's suspends quarterly dividend, withdraws 2020 forecast
Macy's Inc said on Friday it would suspend its quarterly dividend and withdrew its 2020 sales and profit forecasts due to ongoing disruptions from store closures on the back of the fast-spreading coronavirus.
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Oil falls for fourth week; U.S. crude posts steepest weekly loss since 1991
U.S. crude tumbled 10.7% on Friday and posted its biggest weekly decline since the 1991 Gulf War as the coronavirus epidemic dried up global demand and as officials in Washington said an envoy would head to Saudi Arabia to deal with fallout of a Saudi-Russia oil price war.
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New York order spooks Wall Street, offsets calm from policy efforts
Wall Street retreated on Friday after New York ordered residents to stay home, rattling investors who had welcomed this week's fiscal and monetary measures to counter the coronavirus shock and help revive the safe-haven appeal of bonds and gold.
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Stretched British supermarkets step-up hiring to ride out health crisis
With food flying off the shelves as fast as exhausted shop assistants can replenish them, British supermarkets have stepped up their hiring to see them through the coronavirus crisis.
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Spain to treat thousands of coronavirus patients in conference hall as toll tops 1,000
Spanish authorities said on Friday they would turn a Madrid conference center into a giant makeshift military hospital for thousands of coronavirus patients, as Europe's second-worst outbreak claimed another 235 lives.
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Lyft offers drivers to sign up for delivery services, founders donate salaries during coronavirus
Lyft Inc on Friday told drivers they could sign up for delivery services for healthcare, government services and groceries as ride-hailing demand plummeted during the rapid spread of coronavirus in the United States.
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Uber suspends taxi service in Saudi Arabia until further notice: statement
Uber Taxi suspended its operations in Saudi Arabia until further notice due to measures announced by interior ministry, a company statement said on Friday.
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Bank of America adds 1,700 support staff in March
Bank of America Corp's consumer bank has hired 1,700 people in critical support roles so far this month, a spokesman said on Friday, as the industry faces a surge in customer service demand due to coronavirus concerns.
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Coronavirus leaves 300,000 EU citizens stranded abroad - Borrell
As many as 300,000 European Union citizens are seeking repatriation due to the coronavirus outbreak, with Latin America and Southeast Asia two regions from where it is proving tough to get people home, the EU's top diplomat said on Friday.
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Coronavirus death toll in England rises to 167
A further 39 people have died in England after testing positive for the coronavirus, bringing the total number of confirmed deaths in the country to 167, the National Health Service said on Friday.
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Steep capacity cut leaves airlines with overhedged jet fuel headache
The collapse in global passenger flights has left airlines with fresh challenges: how to manage overhedged jet fuel positions as oil prices crashed to just a third of some contracts agreed in anticipation of rising prices and solid air travel demand.
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French nuclear plants tighten hygiene procedures over coronavirus worries
French utility EDF is introducing stricter hygiene procedures at its nuclear plants after walk-outs by a small number of workers who feared getting infected with coronavirus during radiation screening, union and industrial sources said on Friday.
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Poland donates 430 thousand litres of confiscated spirits for disinfectant
Nearly half a million litres of confiscated vodka and rectified spirit will be sent to Polish public institutions in need of disinfectant amid the coronavirus outbreak, Poland's prosecutor's office said on Friday.
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Glencore says coronavirus-related restrictions affect its smaller operations
Glencore said on Friday that restrictions imposed by governments to curb the coronavirus outbreak has had some impact on its smaller operations in different countries.
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Downgrade doom looms for coronavirus-hit firms and markets
A wave of credit rating downgrades in the corporate sector risks deepening a funding crisis for company bosses and spreading it to other markets.
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Brazil Senate approves state of emergency to fight coronavirus
Brazil's Senate on Friday approved a presidential decree declaring a national emergency over the coronavirus epidemic, allowing the government to waive fiscal targets and free up budget resources to fight the virus that has killed seven and infected 621 in the country.
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Sri Lanka imposes curfew as South Asia steps up coronavirus battle
Sri Lanka imposed a nationwide weekend curfew on Friday as South Asian countries escalated efforts to check the spread of coronavirus across the densely populated region of 1.9 billion people.
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Bayer mediator says glyphosate settlement talks slowed by coronavirus
Negotiations between Bayer AG and plaintiff lawyers to settle claims its glyphosate-based weedkillers cause cancer have been slowed by the coronavirus outbreak, according to the mediator in the talks.
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Wall Street advances at end of blistering week
Wall Street's main stock indexes rose more than 1% on Friday, as dramatic intervention by U.S. policymakers halted the worst monthly selloff in U.S. equities in three decades.
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