Oil rises as OPEC backs deeper supply cuts
Oil rose on Thursday after major producers agreed on deeper output cuts to bolster prices as worries intensify over the fast-spreading coronavirus outbreak and its...
Transforming Britain’s John Lewis could take five years, new boss warns
The new chairman of British retailer John Lewis warned on Thursday it could take up to five years to revive the employee-owned group hit by...
Coronavirus hit to airlines could top $100 billion, Flybe collapses
The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body warned on Thursday, more than three...
Southwest Airline sees hit to first-quarter revenue from coronavirus outbreak
Southwest Airlines Co on Thursday warned its first-quarter operating revenue would take a hit of up to $300 million from the coronavirus outbreak, prompting it...
OPEC agrees large oil output cut amid virus outbreak if Russia joins: sources
OPEC agreed on Thursday to cut output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices...
Coronavirus douses stocks rally; Europe, U.S. futures lower
European shares fell again on Thursday, taking their cue from U.S. equity futures, which implied a lower open for Wall Street as cases of the...
British airline Flybe collapses as coronavirus deals final blow
British regional airline Flybe collapsed on Thursday after a plunge in travel demand, making the long-struggling carrier one of the first big corporate casualties of...
Oil falls, OPEC seeks Russian backing for deeper supply cuts
Oil fell on Thursday as worries intensified over the fast-spreading coronavirus outbreak and OPEC ministers met in Vienna to seek Russian backing for deeper output...
Finnair steps up efforts to be carbon neutral by 2045
Finnair said on Thursday it had stepped up its efforts to achieve carbon neutrality by 2045 through a range of measures and would begin by...
UBS hardens energy lending as ‘sustainable’ investments rise
Switzerland’s UBS said the value of its ‘sustainable’ investments rose by more than 50% to nearly $500 billion in 2019, while lending to the energy...