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April 7, 2020

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Reuters - Business

Hopes of progress against virus lift stocks, weigh on dollar

Reuters
by Reuters04
NEW YORK (Reuters) – World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United States fueled investors’ appetite for risk. Oil prices climbed on hopes of a deal to decrease supply, while the euro......
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Reuters - Business

Millions of aviation jobs at risk, airlines can’t afford refunds: IATA

Reuters
by Reuters028
LONDON (Reuters) – Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry’s representative body said airline finances were so fragile they could not afford to refund customers. FILE PHOTO: Canceled flights are seen on an airport screen......
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Reuters - Business

Exclusive: U.S. grants GE license to sell engines for China’s new airplane

Reuters
by Reuters03
FILE PHOTO: A man takes a picture of a General Electric (GE) engine during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 6, 2018. REUTERS/Aly Song (Reuters) – The Trump administration on Tuesday granted a license to General Electric Co to......
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Reuters - Business

Millions of aviation jobs at risk, airlines beg for govt support: IATA

Reuters
by Reuters017
FILE PHOTO: A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, U.S., April 5, 2020. REUTERS/Joshua Roberts LONDON (Reuters) – Global airlines said 25 million jobs across the world could be......
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Reuters - Business

France’s Thales withdraws final dividend, suspends outlook

Reuters
by Reuters07
PARIS (Reuters) – France’s Thales (TCFP.PA) on Tuesday became the latest major company to slash its dividend, suspend profit guidance and top up liquidity in response to the coronavirus crisis. FILE PHOTO: Patrice Caine, Chairman and Chief Executive Officer of Aerospace and defence group Thales, attends a news conference with......
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Reuters - Business

Coronavirus hopes propel stocks, euro higher

Reuters
by Reuters01
LONDON (Reuters) – World stock markets enjoyed a second day of sharp gains on Tuesday as signs of progress against the coronavirus in both Europe and the United States and more liberal helpings of stimulus kept investors charging back in. FILE PHOTO: The German share price index DAX graph is......
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Reuters - Business

Hit by coronavirus, Fiat Chrysler, Peugeot seek to boost cash before merger

Reuters
by Reuters05
LONDON/MILAN/PARIS (Reuters) – With their sales hammered by the coronavirus outbreak, car makers Fiat Chrysler and Peugeot’s owner PSA have postponed their shareholder meetings and are looking at ways to boost cash reserves ahead of their planned merger. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is at the U.S.......
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Reuters - Business

Stocks jump as COVID deaths slow; oil falls on OPEC+ delay

Reuters
by Reuters08
NEW YORK/LONDON (Reuters) – World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some of the world’s hot spots, while a delay in talks between Saudi Arabia and Russia to cut supply sent oil prices tumbling again. Equities investors were encouraged as......
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Reuters - Business

Take Five: Life in the time of corona

Reuters
by Reuters06
LONDON (Reuters) – 1/LOOKING TO CHINA FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson The world’s biggest economy won’t be open for business by Easter, as U.S. President Donald Trump had hoped, but the second......
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Reuters - Business

Stocks jump on virus hopes, oil hit by OPEC+ delay

Reuters
by Reuters03
LONDON (Reuters) – World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between Saudi Arabia and Russia to cut supply sent oil tumbling again. Equity investors were encouraged as the death toll from the virus slowed across major......
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Reuters - Business

EasyJet founder says will not inject fresh equity into company

Reuters
by Reuters06
FILE PHOTO: Easyjet founder Stelios Haji-Ioannou speaks at a media event to celebrate 20 years in business at Luton Airport, southern England, November 10, 2015. REUTERS/Eddie Keogh/File Photo (Reuters) – Stelios Haji-Ioannou, the founder of easyJet Plc (EZJ.L), has warned that he will not inject any fresh equity into the......
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New York Post

Two knifed to death in France in what police are investigating as terror attack

NYPost
by NYPost04
New York Post – For more and to sign up click here Two people were knifed to death and five more were injured in a French town Saturday in what officials are investigating as a terror attack. The knife-wielding assailant was apprehended near the scene of the attack in Romans-sur-Isère,......
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New York Post

Watch these fascinating castle ruins being ‘rebuilt’ using CGI

NYPost
by NYPost020
New York Post – For more and to sign up click here Back in the day, you were nothing without your own fortress — and so much of Europe is covered with castles — or, more accurately, the ruins of castles. But now, many of these former grand residences lie......
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Reuters - Business

Exclusive: Airline crisis forces Airbus to consider A320 output cuts

Reuters
by Reuters06
PARIS (Reuters) – Airbus is studying a sharp cut in output of its top-selling A320 plane series amid an industry-wide slowdown triggered by the coronavirus crisis, sources familiar with the matter said. Europe’s leading planemaker is examining scenarios including cutting its monthly output of 60 A320-family jets by as much......
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Reuters - Business

German carmakers had crisis call with Merkel: Handelsblatt

Reuters
by Reuters07
HAMBURG (Reuters) – The bosses of Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) held a crisis call with German Chancellor Angela Merkel on Wednesday to discuss how to get production restarted, Germany’s Handelsblatt newspaper reported on Thursday. FILE PHOTO: German Chancellor Angela Merkel gives a media statement on the spread......
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New York Post

Burger King France gives instructions for making a Whopper at home

NYPost
by NYPost03
New York Post – For more and to sign up click here Apparently, you can eat like a Burger King in your own kitchen. Burger King France has spilled its royal secrets, revealing how you can get that same Whopper taste while self-isolating. The “Quarantine Whopper,” or “Le Whopper de......
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Reuters - Business

Factory activity plunges as coronavirus shock deepens

Reuters
by Reuters05
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......
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Reuters - Business

Oil majors slash 2020 spending by 20% after prices slump

Reuters
by Reuters09
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......
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Reuters - Business

Markets fall as virus woes strike again

Reuters
by Reuters06
LONDON (Reuters) – World markets fell on Wednesday as the coronavirus threat ensured an ugly start to the second quarter for equities and commodities. Traders headed for the safety of government bonds, the dollar and gold as evidence continued to mount that the virus was sending the global economy into......
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CNBC Business

Charts show the coronavirus spike in US, Italy and Spain

CNBC
by CNBC07
CNBC – For more and to sign up click here A temporary hospital which is been settled up by members of the California National Guard is seen in Indio, California on March 29, 2020. Apu Gomes | AFP | Getty Images The ongoing coronavirus pandemic has shown few signs of......
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