Feed aggregator
Instacart, Amazon workers strike as labor unrest grows during coronavirus crisis
Warehouse, delivery and retail gig workers in the United States went on strike on Monday to call attention to safety and wage concerns for people laboring through the coronavirus crisis.
Categories: Reuters
Factbox: Coronavirus cases reported at 19 of Amazon's U.S. warehouses
Amazon.com Inc is at the front line of responding to outbreaks of the novel coronavirus in the United States, delivering essential goods while more than half the population faces government stay-at-home orders.
Categories: Reuters
Oil rebounds from 18-year lows after U.S., Russia agree to talks
Oil recovered ground on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks to stabilize energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide.
Categories: Reuters
China factory activity unexpectedly expands, but economy unable to shake off virus shock
Factory activity in China unexpectedly expanded in March from a collapse the month before, but analysts caution that a durable near-term recovery is far from assured as the global coronavirus crisis knocks foreign demand and threatens a steep economic slump.
Categories: Reuters
Airlines must suggest possible U.S. compensation for grants: Treasury
Airlines must suggest possible compensation in return for government cash assistance and agree to conditions that include not cutting pay or laying off employees through Sept. 30, the U.S. Treasury Department said in guidelines issued on Monday as it prepares to quickly hand out $25 billion.
Categories: Reuters
Coronavirus could force GM to delay its redesigned 2021 SUVs
General Motors told suppliers on Monday it is postponing work on at least half a dozen future models to conserve cash during the coronavirus pandemic and suggested it could delay the planned launch in late April of its highly profitable large sport utility vehicles.
Categories: Reuters
Asia shares edge up, China factories show flicker of life
Asian shares managed a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity even as other countries across the globe all but shut down.
Categories: Reuters
China March factory activity unexpectedly expands, but outlook still grim
Factory activity in China unexpectedly expanded in March after contracting sharply to a record low, but the rapid global spread of the coronavirus is expected to keep businesses and the overall economy under heavy pressure as foreign demand slumps.
Categories: Reuters
Dollar up, but yuan sluggish as traders skeptical of China PMI bounce
The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating.
Categories: Reuters
Airlines plan furloughs; Air New Zealand sees smaller carrier in a year
Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand on Tuesday warning it expected staffing levels to be 30% lower than it is now, due to the coronavirus pandemic.
Categories: Reuters
KFC owner Yum Brands breaks junk debt market's four-week fast
Yum Brands Inc , owner of Pizza Hut, KFC and Taco Bell restaurant chains, sold $600 million in bonds on Monday, reopening the U.S. market for junk-rated debt issues after its longest lull since the 2008 financial crisis.
Categories: Reuters
Virgin Australia seeking government loan to weather coronavirus crisis
Virgin Australia Holdings Ltd said on Tuesday it is seeking a government loan of A$1.4 billion ($862.68 million) and exploring other options to get through the coronavirus crisis.
Categories: Reuters
U.S. Air Force finds additional deficiency in Boeing's aerial fuel system
The U.S. Air Force announced on Monday an additional deficiency in the KC-46 Pegasus aerial fuel system built by Boeing , classifying it at the Category I level, meaning it is a major technical issue that may endanger the aircrew and aircraft.
Categories: Reuters
Amazon's FBA service waiving two weeks of March storage fees: email
Amazon.com Inc's Fulfillment by Amazon (FBA) service will waive two weeks of storage fees in March, according to an email seen by Reuters.
Categories: Reuters
Crude rises after U.S., Russia agree to oil market talks
Oil recovered some ground on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin agreed to discuss stabilizing energy markets, but prices remain near 18-year lows as the coronavirus shutdown destroys demand.
Categories: Reuters
Dollar gains on Japanese demand before fiscal year end, pandemic weighs on mood
The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating.
Categories: Reuters
Asia shares make cautious gains, investors eye China PMI
Asian share markets managed a tentative rally on Tuesday after European and U.S. equities stabilized, though buying for month and quarter-end book balancing likely flattered the gains.
Categories: Reuters
Samsung says chip factory worker tests positive for virus, output not affected
Samsung Electronics Co Ltd said on Tuesday that one of its chip factory workers in South Korea had tested positive for coronavirus, but its output has not been affected.
Categories: Reuters
U.S. senators urge coronavirus delay to June 1 USMCA trade deal start date
A bipartisan group of 19 U.S. senators urged the Trump administration to push back the planned June 1 start date for the new U.S.-Mexico-Canada trade pact, saying the short lead time would add to pressures on U.S. companies due to the spread of the coronavirus.
Categories: Reuters
Activist investor Starboard says it has 9.3% stake in software firm Commvault
Activist investor Starboard Value LP has built a stake in U.S. data protection and data management software company Commvault, saying in a regulatory filing that it felt the shares were undervalued when it purchased them.
Categories: Reuters