Business

British Airways planes are seen parked at Bournemouth Airport, as the spread of the coronavirus disease (COVID-19) continues, Bournemouth, Britain, April 1, 2020. REUTERS/Paul Childs LONDON (Reuters) – British Airways (ICAG.L) is in talks with its union about a plan to suspend around 32,000 staff in response to the coronavirus pandemic, a person familiar with
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FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato (Reuters) – SoftBank Group Corp (9984.T) said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, including ousted co-founder Adam Neumann, drawing threats
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FILE PHOTO: Federal Trade Commission seal is seen at a news conference to announce that Facebook Inc has agreed to a settlement of allegations it mishandled user privacy at FTC Headquarters in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Wednesday that it had filed a
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FILE PHOTO: The logo of a Volkswagen dealership is pictured in Pasadena, California September 21, 2015. REUTERS/Mario Anzuoni WASHINGTON (Reuters) – Volkswagen AG (VOWG_p.DE) said on Wednesday it is extending a production halt at its Chattanooga, Tennessee, assembly plant until April 12 because of the coronavirus pandemic. The German automaker began a production halt at
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New York (Reuters) – Wall Street’s three major indexes fell more than 4% on Wednesday, after President Donald Trump’s dire warning on the U.S. death toll from the coronavirus sent investors running from even the most defensive equities. Trump warned Americans late Tuesday of a “painful” two weeks ahead and health officials highlighted research predictions
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LONDON/TOKYO (Reuters) – Factories fell quiet across most of Europe and Asia in March as the coronavirus pandemic paralyzed economic activity, with evidence mounting that the world is sliding into deep recession. FILE PHOTO: A worker welds at a market under construction in Kunming, Yunnan province, August 12, 2015. REUTERS/Wong Campion Manufacturing activity tumbled, purchasing
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