Barclays halts new job cuts during coronavirus crisis: memo
Barclays has halted new job cuts while the coronavirus crisis is ongoing, the bank said in an internal memo seen by Reuters on Tuesday....
Ten U.S. states developing ‘reopening’ plans account for 38% of U.S. economy
The ten U.S. states coordinating plans separately from the White House to reopen businesses shut by the coronavirus are responsible for an outsized proportion of...
Spain seizes virus tests bound for returning Siemens Gamesa workers: union
Spanish authorities have requisitioned 2,000 antibody tests procured by wind turbine maker Siemens Gamesa and intended to check whether employees have been infected with the...
Oil slips as producer cuts fail to banish demand fears
Oil prices edged lower on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a...
Stocks rise on China trade data, easing pandemic fears
World stocks gained on Tuesday after Chinese trade data came in better than expected and some countries tried to restart their economy by partly lifting...
Renault withdraws from Dongfeng venture, its main China business, as sales slump
Renault SA said on Tuesday it is pulling out of a loss-making business with Dongfeng Motor Group due to poor sales, becoming only the second...
Brewer AB InBev halves final dividend and pushes back AGM
Anheuser-Busch InBev , the world’s largest brewer, proposes to halve its final dividend and has postponed its annual shareholder meeting owing to uncertainty around the...
Norwegian Air shares drop 60% after proposed debt-for-equity swap
The share price of Norwegian Air fell by 60% on Tuesday, the first day of trading following the company’s proposal of a financial rescue package...
Oil rises on forecast U.S. output drop as coronavirus ravages demand
Oil prices rose around 1% on Tuesday after the U.S. Energy Information Administration (EIA) predicted shale output in the world’s biggest crude producer would fall...
British clothing retailer Next reopens online business
British clothing retailer Next will reopen its online business having implemented additional safety measures to cope with the coronavirus emergency, it said on Tuesday....