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Updated: 4 years 27 weeks ago
United Airlines closing three international bases for flight crew
United Airlines Holdings Inc is closing its international bases for flight attendants in Frankfurt, Hong Kong, and Tokyo effective Oct. 1, 2020, according to an internal memo to crew on Friday seen by Reuters.
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Canada gains surprise 289,600 jobs in May, jobless rate hits record
Canada unexpectedly gained 289,600 jobs in May even as the jobless rate hit a record high at 13.7%, data showed on Friday, buoyed by the loosening of stay-at-home restrictions in parts of the country.
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Nasdaq closes in on record high after surprise jobs report
A stunning U.S. jobs report on Friday put the Nasdaq within striking distance of its record high as investors flocked back to riskier assets on hopes of a swift economic rebound from the coronavirus-driven slump.
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UBS and Bank of America units clear ECB stress test
An asset quality review and a stress test on subsidiaries of UBS and Bank of America revealed no capital shortfall, the European Central Bank said on Friday, clearing a hurdle for the banks to relocate activities to Europe from Britain.
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Trump says jobs data shows 'greatest comeback in American history'
President Donald Trump on Friday celebrated a stunning U.S. employment report that showed more than 2.5 million jobs were added last month during the thick of the coronavirus pandemic, and predicted the battered economy will recover all of its lost jobs by next year.
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Ford re-evaluates office space in coronavirus world
Ford Motor Co is re-evaluating how much office space it needs for white-collar workers as restrictions put in place during the coronavirus pandemic are eased and employees return to workplaces.
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Brazil, Mexico currencies both rebound but real has more legs than peso
The Brazilian real and Mexican peso have both rebounded strongly in recent weeks, but their rallies are starting to diverge with the peso running out of steam and the real gaining momentum.
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U.S. will allow Chinese passenger carriers to fly two flights per week
The U.S. Transportation Department said Friday it will allow Chinese passenger air carriers to operate two flights after Beijing said it would ease coronavirus restrictions to allow in more foreign carriers.
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U.S. labor market unexpectedly improves, but recovery expected to be a slog
The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.
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Airbus warns it may sue airlines over undelivered jets: paper
A stand-off between airplane manufacturers and airlines over the coronavirus crisis is intensifying after Airbus signalled it would sue airlines that refuse to honour contracts.
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Exclusive: Marriott says ordered by Trump administration to cease Cuba hotel business
Marriott International, the only U.S. company to run a hotel in Communist-run Cuba, the Four Points Sheraton in Havana, told Reuters it had been ordered by the Trump administration to wind down its operations by August 31.
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Wall Street jumps on surprise improvement in labor market
U.S. stock indexes jumped on Friday, with the Nasdaq Composite less than 1% away from a record high, on hopes of a faster economic rebound from a coronavirus-led slump after data showed surprise job additions in May.
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Touting upbeat jobs data, Trump predicts U.S. economic recovery by 2021
President Donald Trump on Friday celebrated a stunning U.S. employment report that showed the country gained more than 2.5 million jobs last month during the thick of the coronavirus pandemic, and predicted the battered economy will have recovered by 2021.
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Cafe Rouge, Bella Italia could see nearly a third of outlets closed: sources
Britain's high-street restaurant chains Bella Italia, Cafe Rouge and Las Iguanas could see around 30% of their outlets cut, two sources told Reuters, as their owner pushes ahead with talks to sell the businesses stricken by the COVID-19 crisis.
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Factbox: Struggling restaurant chains risk disappearing from Britain's high street
Faced with a partial reopening of their branches from July, many high street restaurant businesses in Britain risk disappearing from the high street or at least changing hands, as private equity owners decide whether to raise billions of dollars to snap up what they see as bargains.
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Volkswagen resumes deliveries of its Golf 8 after software glitch
Volkswagen on Friday said it had resumed deliveries of its newest Golf model after voluntarily halting sales in mid-May.
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Trump says he views U.S.-China trade deal differently amid coronavirus
U.S. President Donald Trump said on Friday he views the Phase 1 trade deal inked between the United States and China differently in the wake of the coronavirus pandemic.
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LVMH backs down on renegotiating Tiffany deal, sources say
French luxury goods giant is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so, people familiar with the matter said on Friday.
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Wall Street jumps after surprise job additions in May
U.S. stock indexes jumped on Friday, with the Nasdaq Composite less than 1% away from a record high, after a closely watched report showed surprise job additions in May, lending weight to hopes of a faster economic rebound from a coronavirus-led slump.
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