Fed, BoE push deeper into uncharted territory in face of coronavirus slump
The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world’s escalating coronavirus recession on Thursday as they pushed...
Air France KLM says it needs government support to continue operations
Air France KLM said that despite cost-cutting measures to stave off the impact of the coronavirus crisis, it expects it will be short of cash...
BAT files patent suits against Philip Morris’ IQOS products
British American Tobacco said on Thursday that it sued Philip Morris International Inc in the United States and Germany, alleging that the tobacco heating technology...
Oil gives up gains even as OPEC+ hammers out supply-cut deal
Oil prices dipped on Thursday, giving back an earlier 10% surge as investors awaited details on a massive OPEC supply-cut agreement in response to the...
EasyJet to defer delivery of 24 Airbus planes, hold shareholder meeting
British airline easyJet on Thursday said it would defer the delivery of 24 Airbus jets and hold a shareholder meeting after the airline’s founder Stelios...
Saudi, Russia closing in on record oil cut deal
OPEC and it allies held talks on Thursday on record oil output curbs of 15 million to 20 million barrels per day (bpd), or 15%...
Factbox: Even big OPEC+ cuts won’t offset oil demand collapse – analysts
OPEC and other major oil producers were due to discuss on Thursday big output cuts in the face of a huge fall in demand due...
Russia’s Novak calls on all oil producers to join efforts
Russian Energy Minister Alexander Novak said on Thursday that all the leading global oil producers should join their efforts to tackle falling oil demand....
Russia, Saudi Arabia overcome differences holding up big oil cut deal: Dmitriev
Russia and Saudi Arabia have overcome differences that had presented potential hurdles to a plan for major oil output cuts aimed at shoring up crude...
OPEC+ works on two-year oil cut deal, implemented gradually: sources
OPEC and its allies, a group known as OPEC+, are discussing plans to cut oil production for at least two years with reductions implemented gradually,...