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BA in union talks to suspend around 32,000 staff: source

Reuters Business News - Thu, 04/02/2020 - 03:06
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

Reuters Business News - Thu, 04/02/2020 - 02:37
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

Reuters Business News - Thu, 04/02/2020 - 02:27
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

Reuters Business News - Thu, 04/02/2020 - 02:23
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

Reuters Business News - Thu, 04/02/2020 - 02:09
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

Reuters Business News - Thu, 04/02/2020 - 01:43
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

Reuters Business News - Thu, 04/02/2020 - 00:39
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

Reuters Business News - Thu, 04/02/2020 - 00:16
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

Reuters Business News - Thu, 04/02/2020 - 00:15
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

Reuters Business News - Thu, 04/02/2020 - 00:12
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

Reuters Business News - Wed, 04/01/2020 - 23:45
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

Reuters Business News - Wed, 04/01/2020 - 23:45
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

Reuters Business News - Wed, 04/01/2020 - 23:45
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

Volkswagen extends Mexico production halt as coronavirus bites

Reuters Business News - Wed, 04/01/2020 - 23:36
German automaker Volkswagen said on Wednesday it would extend until April 30 a suspension of activities at two production plants in central Mexico after the government declared a health emergency because of coronavirus.
Categories: Reuters

Saudi wants cooperation to bolster oil, blames Russia for turmoil: Gulf source

Reuters Business News - Wed, 04/01/2020 - 23:31
Saudi Arabia supports cooperation between oil producers to stabilize the oil market but Russia's opposition to a proposal last month to deepen oil supply cuts has caused market turmoil, a senior Gulf source familiar with Saudi thinking told Reuters.
Categories: Reuters

Boeing to offer voluntary layoffs to employees amid coronavirus fallout: source

Reuters Business News - Wed, 04/01/2020 - 23:24
Boeing Co was set to offer employee buyout and early retirement packages, two people familiar with the matter said on Wednesday, a bid to mitigate the financial fallout from the coronavirus pandemic.
Categories: Reuters

Dollar holds gains as investors seek safety in liquidity

Reuters Business News - Wed, 04/01/2020 - 22:38
The dollar held gains on Thursday as investors rushed to the safety of the world's most liquid currency given the massive disruption to global trade due to the coronavirus pandemic.
Categories: Reuters

Cruise operator Carnival pays high price to get credit investors on board

Reuters Business News - Wed, 04/01/2020 - 22:35
Carnival Corp , the world's largest cruise operator, said it has raised $6.25 billion by issuing new debt and equity on Wednesday, borrowing at a high cost to weather the economic storm of the coronavirus pandemic.
Categories: Reuters

SoftBank to abandon $3 billion deal for additional WeWork shares

Reuters Business News - Wed, 04/01/2020 - 22:23
Japan's SoftBank Group Corp will not complete a $3 billion tender offer for additional WeWork shares agreed last year with its shareholders, a special committee of the U.S.-based shared-office operator's board said on Wednesday.
Categories: Reuters

U.S. Treasury taps Wall Street firms for aid advice: sources

Reuters Business News - Wed, 04/01/2020 - 22:09
The U.S. Treasury Department has hired Wall Street bankers and lawyers to advise on providing tens of billions of dollars in aid to the airline, cargo and defense sectors, people familiar with the matter said on Wednesday.
Categories: Reuters
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