Chile’s LATAM Airlines to cancel 95% of scheduled flights in May
Chile’s LATAM Airlines , South America’s largest carrier, will cancel 95% of its scheduled flights in May, the company said on Friday, maintaining similar levels...
Amazon prepping to launch super-fast grocery delivery service in UK: the Grocer
E-commerce giant Amazon.com Inc is preparing to launch an ultra-fast grocery delivery service in the UK, trade magazine the Grocer reported on Friday, citing suppliers....
Wall Street gains on Boeing, Trump’s restart plan
Wall Street bounced on Friday as Boeing said it would resume production of commercial jets, with investors also cheering President Donald Trump’s plan to reopen...
Ford warns of $2 billion quarterly loss as coronavirus outbreak hammers sales
Ford Motor Co on Friday estimated first-quarter loss of $2 billion and said it would tap debt markets to shore up its cash reserves as...
SEAT aims to restart car factories in Spain on April 27
Carmaker SEAT plans to start up its plants in Spain on April 27, almost six weeks after it halted all output due to one of...
NY Fed markets head says central bank will be transparent with new lending facilities
Investors fled to safety as worries about the coronavirus outbreak increased, leading to heightened volatility and requiring the Federal Reserve to respond rapidly to stem...
P&G sees best U.S. sales in decades as shoppers stock up
Procter & Gamble Co beat Wall Street expectations for quarterly profit on Friday as it reported its best U.S. sales growth in decades thanks to...
U.S. leading indicator points to deep economic slump
A gauge of future U.S. economic activity suffered a record decline in March, suggesting the economy could struggle to pull out of a deep slump...
Exclusive: Chinese-backed owners commit to UK HQ for Imagination Tech – source
The Chinese-backed owners of Imagination Technologies told the British government on Friday the chip designer would remain headquartered in the United Kingdom, a source with...
BoE’s Bailey orders banks to ‘put their backs into it’ on COVID-19 loans
Bank of England Governor Andrew Bailey told Britain’s banks to speed up lending to companies as the coronavirus crisis threatens to deliver a historic blow...