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Updated: 4 years 29 weeks ago
Technology issues strain work from home efforts at big U.S. banks
Citigroup Inc asked its non-essential workers across North America to hold off on logging into its remote access system until 1 p.m. on Thursday, as it braced for many employees to begin working from home, according to sources familiar with the matter.
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Airbnb fields investor interest for stake sale: sources
Airbnb Inc has received inquiries from potential investors who want to acquire a stake in the U.S. home rental company in the wake of the coronavirus outbreak, people familiar with the matter said on Thursday.
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U.S. oil reverses losses, posts largest one-day gain on record
U.S. crude oil prices spiked by 25% on Thursday, the largest single-day gain on record, recouping some losses from three days of selling that drove the benchmark to near 20-year lows.
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U.S. politician Nikki Haley resigns from Boeing board
Boeing Co said on Thursday Nikki Haley, former U.S. ambassador to the United Nations, has resigned from its board, opposing the company's move to seek financial support from the federal government amid the 737 MAX and the coronavirus crisis.
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Rich nations pump aid into battered economy as coronavirus deaths in Italy overtake China
The world's richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicenter Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated.
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U.S. airlines double down on request for cash as senate leader touts 'loans'
Major U.S. airlines on Thursday doubled down on a request for government cash grants even as Senate Majority Leader Mitch McConnell suggested assistance would be in the form of loans.
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Tesla U.S. vehicle factory to suspend production due to coronavirus
Tesla Inc will suspend production at its California vehicle factory beginning on March 24 to comply with local orders aimed at curbing the spread of coronavirus, the company said on Thursday.
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Brazil records 7th coronavirus death, closes land borders
Brazil's coronavirus death toll rose to seven on Thursday, including the first fatalities in tourist hotspot Rio de Janeiro, as Latin America's largest nation closed more borders to visitors and the foreign minister waded into a diplomatic spat with China.
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U.S. grocery meat supply to improve soon, after virus-fueled demand surge: Tyson Foods
Demand for U.S. meat at grocery stores will likely exceed supplies for at least another week, the chief executive of Tyson Foods Inc told Reuters on Thursday, as the coronavirus pandemic fuels panic buying among shoppers.
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Wall Street ends higher to stem coronavirus selloff
U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage.
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Markets rebound as policymakers further boost liquidity
European and American stocks rebounded on Thursday, halting further declines, in a sign further steps to boost liquidity by the U.S. Federal Reserve and other central banks has tentatively calmed markets that still fear a coronavirus-induced slowdown.
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Dollar rampage spurs FX interventions, speculation of big G7 move
From Brazil to Norway, policymakers are leaping to defend currencies against the onslaught of the dollar which scaled three-year peaks on Thursday, raising speculation that a joint move by the world's biggest central banks may be in the offing.
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Latin America's largest airline to halve pay for its 43,000 employees
LATAM Airlines Group , South America's largest carrier, will cut pay to its 43,000-strong workforce by 50% for three months due to economic fallout from the coronavirus outbreak, a source close to the situation told Reuters on Thursday.
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Remote work during coronavirus outbreak puts millions more on Microsoft Teams, Slack
Microsoft Corp's Teams chat and conferencing app gained more than 12 million daily users in one week, a 37.5% jump as more people worked from home during the coronavirus outbreak, the company said on Thursday.
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Tesla cuts U.S. factory staff to curb virus, Musk offers to produce ventilators
Tesla Inc has told employees it reduced the number of workers at its California vehicle factory to curb the spread of coronavirus as Chief Executive Elon Musk said the company may start producing ventilators to ease a U.S. shortage.
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Bank of England ramps up bond-buying, cuts rates to near zero
The Bank of England promised 200 billion pounds of bond purchases and cut its key interest rate to 0.1% in a second emergency move in just over a week to try to mitigate the hit to Britain's economy from the coronavirus outbreak.
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Siemens board member Sen leaves, Siemens Energy gets new CEO
Siemens managing board member Michael Sen will no longer take charge of the new energy business which the German engineering group wants to spin off later this year, it said on Thursday, after he agreed to leave the company.
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Airline industry crisis deepens as coronavirus kills demand
The crisis for airlines deepened on Thursday as Lufthansa , which has grounded most of its fleet, warned the industry may not survive coronavirus pandemic without government aid to offset nosediving demand.
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Trump says he will enter Saudi-Russia oil fray at appropriate time
U.S. President Donald Trump on Thursday said he would get involved in the oil price war between Saudi Arabia and Russia at the appropriate time, saying low gasoline prices were good for U.S. consumers even as they were hurting the industry.
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Rio reports first coronavirus deaths as Brazil closes land borders
Brazil's tourist hotspot Rio de Janeiro reported its first two coronavirus deaths on Thursday, bringing the country's toll to six, as Latin America's largest nation closed more borders to visitors and the foreign minister waded into a diplomatic spat with China.
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