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Oil prices rose on Friday after an unexpected fall in the monthly U.S. jobless rate and OPEC's decision to bring forward to Saturday discussions on whether to extend record production cuts.

Canada added a net 289,600 jobs in May, with most of the employment gains coming in full time, Statistics Canada said on Friday. The rebound in May hiring comes after Canada lost a record-breaking 2 million jobs in April.

French luxury goods giant is not seeking 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.

The S&P 500 and Dow Jones indexes were set to jump at the open on Friday after a closely watched report showed a surprise drop in the U.S. unemployment rate, lending weight to hopes of a faster economic rebound from a coronavirus-driven slump.

The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department said on Friday in a report that showed the latest signs the economic downturn caused by the COVID-19 pandemic was bottoming.

The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department said on Friday in a report that showed the latest signs the economic downturn caused by the COVID-19 pandemic was bottoming.

President Donald Trump on Friday sent a tweet taking credit for a stunning U.S. jobs report that showed the country's unemployment rate dropped during the coronavirus pandemic, and then announced he would hold a news conference at 10 a.m. (1400 GMT).

Takeshi Niinami, the head of Japanese drinks and food group Suntory Holdings and a government adviser, predicted on Friday that more than 20% of bars and restaurants could fail due to the coronavirus pandemic.

Canadian business jet maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11% of its workforce, at its aviation unit as the COVID-19 pandemic's crushing impact on the air industry adds to its long list of problems.

The BBC appointed an insider as its new director general on Friday, tasked with securing the future direction and financing of the publicly-funded British broadcaster in the wake of government scepticism of the current model.

World stocks held near three-month highs and the euro also remained close to a three-month peak, thanks to a larger than expected European stimulus boost and on hopes of a global economic rebound.

The Bank of Japan is likely to maintain this month its projection that the economy will gradually recover from the damage wrought by the coronavirus pandemic in the latter half of this year, sources said.

Have HSBC and Standard Chartered "chosen profits over human rights" in backing China's national security law for Hong Kong, as some suggest? Or does it reflect the tightrope businesses must navigate between Hong Kong's protesters and Beijing?

The owner of British Airways is considering launching a legal challenge against the UK's looming quarantine plan, in the latest sign of a breakdown in relations between airlines and the government over the coronavirus pandemic.

British luxury carmaker Bentley Motors said on Friday it plans to shed up to 1,000 jobs, nearly a quarter of its workforce, adding to the gloom in the sector hit hard by the coronavirus pandemic.

World stocks held their ground near three-month highs as the euro hit its highest level since March 10, thanks to Europe's stimulus boost, fuelling hopes for a global rebound.

At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville.

Oil prices rose on Friday after OPEC decided to move up discussions on whether to extend record production cuts to Saturday, indicating that some laggard countries may have agreed to align themselves with the deal.

Tim Davie was appointed the new head of the BBC on Friday, tasked with securing the future direction and financing of the publicly funded British broadcaster in the wake of government scepticism of the current model.

Canadian business jet maker Bombardier Inc said on Friday it would cut 2,500 jobs at its aviation unit and take a related charge of $40 million this year, as the COVID-19 pandemic hurts sales.