While OPEC's de facto leader Saudi Arabia trades blows in a war for market share with Russia after their three-year pact to cut oil supplies collapsed last week, other OPEC states are already sounding the alarm over plunging oil prices.
Airline SAS has invited unions to discuss a 20% work and pay cut for all employees as it fights to mitigate the effects of a slump in demand due to the coronavirus outbreak, it said on Tuesday.
More U.S. companies are moving their annual shareholder meetings online to help contain the spread of coronavirus, raising concerns among corporate democracy advocates about investors losing access to top executives and board directors.
The rapid spread of coronavirus has wiped almost a third - or $70 billion - off the world's top 20 listed airlines and reshuffled global rankings, elevating Air China into third place behind U.S. rivals, an analysis by Reuters shows.
Wall Street rebounded on Tuesday as investors pinned their hopes on policy easing by major central banks after global markets plummeted in the previous session on fears of a coronavirus-driven recession.
U.S. President Donald Trump said he will ask Congress for a payroll tax cut and other "very major" stimulus moves on Tuesday to ease the economic pain of the coronavirus, but the details remain unclear.
As oil prices trade at four-year lows, Goldman Sachs head of commodities research Jeffrey Currie said there's more pain ahead.
LLB | Staff Reporter | March 3, 2020 Innovative lending services, such as crowd and P2P marketplace loans, are becoming increasingly popular in many European countries. With the development of financial technology, recent years have witnessed a growing number of business customers and private borrowers using these digital financial services. According to data gathered by
The National Law Review | March 6, 2020 On March 3, the UK’s Financial Conduct Authority (FCA) published a report entitled, “Fostering innovation through collaboration: The evolution of the FCA TechSprint Approach” (the Report). In the Report, the FCA explained that since April 2016 they have been holding TechSprints, which are also known as “Hackathons,”
Goldman Sachs Group Inc Chief Financial Officer Stephen Scherr said on Tuesday the bank is "very open" to acquisitions that can help the bank fill gaps or help speed up growth of certain businesses.
For money managers, it's bad enough watching the coronavirus wipe trillions of dollars off world markets' value. Even worse is not knowing how bad the outbreak really is for the economy, company balance sheets, and in turn for their portfolios.
Nesta UK | Aleks B., Konstantinos S., and Rachel W. | Feb 21, 2020 In Nesta’s recent report The Future of Minds and Machines, we looked at the the different ways AI can enhance our collective intelligence. While the study helped us understand what this emerging field of practice looks like, it also highlighted a
The president is considering cutting payroll taxes in reaction to the economic effects the coronavirus is having on the economy. However, that paycheck boost might not be that noticeable.
Norwegian Air will lay off staff and cut around 3,000 flights as the spread of the new coronavirus outbreak sends shockwaves across the travel industry.
Saudi Arabia’s energy minister said on Tuesday he does not see a need to hold an OPEC+ meeting in May-June if there was no agreement on what measures should be taken to deal with the impact of the coronavirus on oil demand and prices.