The union representing British pilots has described the government's scheme to retain jobs through the coronavirus outbreak as confusing, lacking detail and taking too long to help those who are being laid off now.
Share markets across the world fell on Thursday as nerves over jobs data likely to lay bare the economic carnage from the coronavirus pandemic outweighed a $2 trillion U.S. stimulus package.
New York City shop Russ & Daughters has weathered the Spanish flu, wars, depressions, recessions, terror attacks, and hurricanes. "This is uncharted waters," says its owner.
Fast-food chain Wendy's Co said on Thursday it would defer rent and ease royalty and marketing fee payments for franchisees, amid growing pressure in the restaurant industry due to coronavirus-related outlet closures.
BlackRock and Credit Suisse reckon it is time to get back into equities after markets rallied this week following massive government and central bank stimulus packages to fight fallout from the coronavirus crisis.
The world's biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus and a price war between the top exporters Saudi Arabia and Russia.
Governments stepped up efforts on Thursday to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid, Singapore promising to keep its carrier aloft, and Australia easing competition rules.
General Motors Co and Ford Motor Co have widely touted their commitment to emission-free electric cars, but their production plans show a growing reliance on ever-larger gas-powered vehicles.
Ackman used his $2 billion in proceeds from his bet against the market to add to stakes including Hilton Worldwide and Lowe's.
Oil prices rose on Friday after world leaders promised a massive injection of funds to limit the economic fallout from the coronavirus pandemic, despite fears the outbreak will destroy demand for oil.
Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity.
State investor Temasek Holdings and others will inject as much as S$19 billion ($13.27 billion) of liquidity into Singapore Airlines (SIA) in the single biggest rescue for an airline slammed by the coronavirus pandemic.
Norway's sovereign wealth fund, the world's largest, has lost 1.33 trillion Norwegian crowns ($124 billion) so far this year as stock markets have plunged due to the coronavirus pandemic, it said on Thursday.
The new chief executive for Norway's $930 billion sovereign wealth fund is Nicolai Tangen, until now chief executive of investment firm AKO Capital, which he established in 2005.
Credit Suisse on Thursday moved to a "small overweight" on global equities, especially developed markets, saying the risk of a "very bad" economic outcome had come down significantly after the massive $2 trillion U.S. stimulus package.