UK facing Depression-style hit as firms slump in March
Britain’s economy looks set for a slump that in the short term could be deeper than during the depression of the 1930s, as a survey...
China probes alleged fraud at Luckin Coffee, banks review IPO work
China’s securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc and sources said some of the banks involved in...
Dollar resumes climb as investors bid for safety
The dollar resumed its climb against major currencies on Friday as investors took refuge in safety bids amid worsening economic fallout from the coronavirus pandemic....
U.S. dairy farmers dump milk as pandemic upends food markets
Dairy farmer Jason Leedle felt his stomach churn when he got the call on Tuesday evening....
Why sweetened layoff benefits may be at odds with U.S. loan program
The generous U.S. unemployment benefits rolled out to blunt the economic harm caused by the coronavirus could have an unintended effect: it may actually be...
Exclusive: Air France-KLM in talks on multibillion euro state-backed loan package
Air France-KLM is in talks with banks to receive billions of euros in loans guaranteed by the French and Dutch governments, as the airline group...
Airbus weighs sharp cut in A320-family jet production: sources
Airbus is studying a sharp cut in narrow-body production rates to accommodate industrial and delivery problems triggered by the coronavirus crisis, three people familiar with...
Beijing autoshow postponed to September due to virus
Organisers of the Beijing autoshow, which was scheduled to be held in late-April, said on Friday the event would be held between Sept. 26 and...
Ryanair misses traffic target, braces for hedging hit
Ryanair missed its 2020 target for passenger traffic and expects to book an exceptional charge of around 300 million euros for the year which ended...
H&M sees second-quarter loss as pandemic slams sales in March
H&M , the world’s second-biggest clothing retailer, said on Friday it expected a loss in the second quarter after reporting a 46% plunge in March...