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

SINGAPORE (Reuters) – Crude oil futures jumped 10% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war and Russian President Vladimir Putin called for a solution to “challenging” oil markets. FILE PHOTO: The sun sets behind a crude oil

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

U.S. President Donald Trump speaks as U.S. Defense Secretary Mark?Esper listens during the coronavirus daily briefing at the White House in Washington, U.S., April 1, 2020. REUTERS/Tom Brenner WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he expected Saudi Arabia and Russia to reach a deal in the next few days on oil

MELBOURNE (Reuters) – Crude oil futures jumped nearly 5% in early trading on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal in the next few days to end their oil price war. FILE PHOTO: The sun sets behind a crude oil pump jack on a drill

(Reuters) – Elon Musk’s rocket company SpaceX has banned its employees from using video conferencing app Zoom, citing “significant privacy and security concerns,” according to a memo seen by Reuters, days after U.S. law enforcement warned users about the security of the popular app. FILE PHOTO: The Zoom Video Communications logo is pictured at the

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

FILE PHOTO: Nissan signs are seen outside a Nissan auto dealer in Broomfield, Colorado October 1, 2014. REUTERS/Rick Wilking (Reuters) – Nissan Motor Co (7201.T) said on Wednesday its U.S. auto plants will remain closed through late April to help reduce the spread of the coronavirus. The Japanese automaker said some business-essential work will continue

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

NEW YORK (Reuters) – Oil prices fell on Wednesday after U.S. crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop ever due to the coronavirus pandemic. General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, U.S., March 30, 2020.

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

(Reuters) – Wall Street was set to open sharply lower on Wednesday, as dire predictions on the U.S. death toll and worsening economic damage from the coronavirus pandemic led investors to ditch equities for safe-haven assets. FILE PHOTO: A trader wears a face mask on the floor of the New York Stock Exchange (NYSE) following

LONDON (Reuters) – The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia. FILE PHOTO: The sun is seen behind a crude oil pump jack

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

KUALA LUMPUR (Reuters) – The world’s biggest maker of medical gloves is grappling with a serious shortage of workers as it tries to meet a huge surge in demand as countries such as the United States run out of personal protective gear due to the coronavirus outbreak. FILE PHOTO: A worker inspects a glove at

(Reuters) – Global spending on oilfield equipment and services this year will fall 21% from 2019 to $211 billion, the lowest level since 2005, according to a report to be released on Wednesday by consultancy Spears & Associates, as oil and gas producers slash spending. FILE PHOTO: A pump jack operates in front of a