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
UK paves way for multi-billion pound bailout of airlines: Times
The British government is paving the way for a multi-billion pound bailout of airlines by lifting a cap on level of financial support it can provide, the Times newspaper reported on Wednesday.
Categories: Reuters
Belgian government holds talks with airline and travel sectors
The Belgian government held talks with representatives from the country's airline and travel industries on Wednesday as they seek state support to help with their fight for survival in the face of the coronavirus pandemic.
Categories: Reuters
As China's coronavirus outbreak eases, a wary return to shops for consumers
As shops shut their doors across Europe and the United States, in China the sharp drop in new coronavirus cases has encouraged consumers to venture back into malls and restaurants - for the most part quite gingerly but occasionally in throngs.
Categories: Reuters
Apple brings back 'scissor' keyboards in latest MacBook Air
Apple Inc launched an updated version of its MacBook Air on Wednesday, modifying keyboards on its laptop line that have faced criticism for typing-related problems.
Categories: Reuters
U.S. crude hits 18-year low as lockdowns spread
Oil prices fell for a third session on Wednesday, with U.S. crude futures tumbling to an 18-year low and Brent hitting a more than 16-year low as travel and social lockdowns to counter the coronavirus raised prospect of the steepest ever annual fall in oil demand.
Categories: Reuters
Honda will halt all North American production for six days
Honda Motor Co said Wednesday it is temporarily halting production in North America for six days because of the anticipated decline in auto sales due to the coronavirus outbreak and will reduce production by about 40,000 vehicles.
Categories: Reuters
JPMorgan commits $50 million to businesses, people affected by coronavirus
JPMorgan Chase & Co said on Wednesday that it committed $50 million to funds and community groups that are providing food, support and medical supplies for people hurt by the coronavirus in the United States, Europe and Asia.
Categories: Reuters
Boeing leads Wall Street slump as corporate damage grows
Wall Street's main indexes sank again on Wednesday, as growing signs of coronavirus damage to corporate America overshadowed a burst of optimism about sweeping official moves to protect the economy.
Categories: Reuters
Exclusive: HSBC CEO Quinn faces strategy rethink as coronavirus bites - source
One of Noel Quinn's first jobs as chief executive of HSBC will be to review the radical revamp he unveiled last month as interim boss, a senior source at the bank said.
Categories: Reuters
Ryanair to ground most if not all flights from March 24
Ryanair expects to ground most if not all of its flights from March 24 except a very small number mostly between Britain and Ireland to maintain essential connectivity, the airline said on Wednesday.
Categories: Reuters
Wall Street slumps at open as stimulus high fades
Wall Street's main indexes slumped at the open on Wednesday as growing signs of coronavirus damage to corporate America overshadowed optimism about sweeping official moves to protect the economy.
Categories: Reuters
Government bonds hammered as stocks resume slide
Global stocks resumed a steep slide on Wednesday while bond markets rushed to price in the sheer scale of government support programs and handouts announced over the past 24 hours, all aimed at softening the economic shock of coronavirus.
Categories: Reuters
Toymaker Lego shuts all stores outside of China due to virus
Danish toymaker Lego said on Wednesday it would close all of its stores, except for those in China, until at least March 27 due to the spread of coronavirus.
Categories: Reuters
Fiat again halts Atessa, its only functioning assembly site in Europe
Fiat Chrysler has again halted its Atessa plant in Italy due to disruptions in parts supply linked to the coronavirus outbreak, after it was reopened on Tuesday, a union representative said on Wednesday.
Categories: Reuters
Nissan to stop producing cars in Indonesia as part of reorganization plan
Nissan Motor Co said on Wednesday it would stop producing vehicles in Indonesia, consolidating its global production in the face of falling sales which have pummeled its profitability.
Categories: Reuters
IKEA closes all U.S. stores, China back up except for Wuhan store
IKEA, the world's biggest furniture brand, is temporarily closing more stores as the coronavirus spreads, including all 50 in its second-biggest market the United States.
Categories: Reuters
U.S. crude hits 18-year low as lockdowns, restrictions spread
Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to an 18-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand.
Categories: Reuters
Chinese EV maker Nio raises doubts about its future
Cash-strapped Chinese electric vehicle (EV) maker Nio Inc said on Wednesday there was substantial doubt in its ability to continue as a going concern, sending its shares down 12% in premarket U.S. trading.
Categories: Reuters
Rolls-Royce motor cars suspend production in UK over coronavirus
Rolls-Royce motor cars said it would suspend production at its British plant for two weeks to ensure the health of its employees.
Categories: Reuters
EasyJet launches winter sale in coronavirus rebooking push
EasyJet launched an early sale on cut-price winter 2020-21 flights, even as the airline industry heads into a deepening coronavirus crisis that threatens to ground most of the British low-cost carrier's planes.
Categories: Reuters