Deloitte and EY join rivals in cutting pay during pandemic
Global accounting and consulting firms Deloitte and EY said on Wednesday they were cutting pay for partners at their UK businesses by a fifth to...
Indian airline Vistara defers payments to some suppliers: internal memo
Indian airline Vistara has negotiated a reduction and deferment of payments to some suppliers to conserve cash, the airline’s CEO said in an internal memo,...
Best Buy to furlough 51,000 hourly U.S. store employees
Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees and that its sales dropped about 5% in the...
Aston Martin extends manufacturing suspensions by a week over coronavirus
Luxury carmaker Aston Martin is extending by a week the manufacturing suspensions in place at its two factories as lockdown measures designed to stop the...
Amazon to close French warehouses until next week after court order
Amazon will close its warehouses in France until at least early next week after a court ordered it to limit deliveries to essential goods such...
Wall St tumbles on gloomy economic data, bank earnings
Wall Street’s main indexes slid 2% on Wednesday, as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for...
IMF, World Bank leaders praise G20 debt relief initiative
International Monetary Fund Managing Director Kristalina Georgieva and World Bank David Malpass on Wednesday praised a new G20 debt relief agreement that suspends bilateral debt...
U.S. manufacturing output posts largest drop since 1946
U.S. manufacturing output dropped by the most in just over 74 years in March as the novel coronavirus pandemic fractured supply chains, suggesting business investment...
ADCB files criminal complaint against individuals over NMC Health
Abu Dhabi Commercial Bank said on Wednesday it had begun criminal proceedings in Abu Dhabi against an unspecified number of individuals in relation to hospital...
North Korea hacking threatens U.S., other countries, international financial system: U.S. State Department
The U.S. State Department, Treasury, and Department of Homeland Security Issues, along with the FBI, issued an advisory on Wednesday about North Korean cyber threats...