OPEC is encouraged by a rally in oil prices and strong adherence to its latest output cut, its secretary general said, although sources say the group has not ruled out further steps to support the market.
Britain's government stands ready to help those affected by a plan at engine maker Rolls-Royce to cut at least 9,000 jobs, a spokesman for Prime Minister Boris Johnson said on Wednesday.
U.S. authorities on Wednesday arrested a former Special Forces soldier and another man wanted by Japan on charges that they enabled the escape of former Nissan Motor Co boss Carlos Ghosn out of the country.
There appears to be agreement in Washington to give companies more time to utilize their coronavirus aid under the Paycheck Protection Program, the head of the U.S. Senate's small business committee said on Wednesday.
Several Ryanair trade unions say they will resist an attempt to cut pay and conditions for a five-year period, citing management promises of a swift recovery from the coronavirus crisis and the fact its CEO has committed to a pay cut for just one year.
Food giant Nestle said on Wednesday it would spend 100 million swiss francs ($103.58 million) on expanding its manufacturing footprint in China to include a new plant-based food facility and widen its production lines.
Shares in Luckin Coffee Inc slumped almost 40% to a record low in premarket trade on Wednesday, as they resumed trading after more than a month's halt and a day after the Chinese coffee chain said it received a delisting notice from Nasdaq .
Lowe's Cos Inc warned on Wednesday that high spending on do-it-yourself projects by people hunkered down at home due to coronavirus lockdowns would taper off in the coming months, as a deep economic recession looms on the horizon.
Wall Street's main indexes surged and the Nasdaq hit a three-month high on Wednesday, as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors.
The French government will insist on preserving Renault production plants in France and wants it to remain the group's global centre for engineering, research, innovation and development, Prime Minister Edouard Philippe said on Wednesday.
U.S. carriers JetBlue Airways Corp and United Airlines Holdings Inc announced fresh safety measures on Wednesday aimed at restoring confidence in travel as several executives pointed to signs domestic demand is improving.
Global stocks rose to a 10-week high on Wednesday as investors regained hopes of recovery from a coronavirus-fuelled recession, while oil prices also strengthened.
Jim Cramer said on CNBC's "Squawk Box" that the economic restrictions around the coronavirus crisis have hurt small business at the expense of giant retailers.
The French government will insist on preserving Renault production plants in France and wants it to remain the carmaker's global centre for engineering, research, innovation and development, Prime Minister Edouard Philippe said on Wednesday.
Guest Post | May 20, 2020 Small and high businesses all over the world have already understood the benefits of CRM. It provides an important feature that is crucial for every business: competitive advantage will scale up your business. Every business aims to organize effective work with no time-wasting on processes that don't bring the