Lufthansa seeking cuts equivalent to 22,000 positions
Lufthansa said on Monday it was seeking to strike agreements with worker representatives by June 22 on how to make cuts equivalent to 22,000 full-time...
BP wipes up to $17.5 billion from assets with bleaker oil outlook
BP will write off up to $17.5 billion from the value of its assets after cutting its long-term oil and gas price forecasts, betting the...
U.S. Supreme Court clears way for pipeline to cross Appalachian Trail
Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas...
U.S. economy will start to rebound in second half of 2020, Fed’s Kaplan says
The U.S. economy will experience a “significant, historic” contraction in the second quarter before it starts to rebound, and unemployment will remain elevated at the...
Exclusive: U.S. to allow companies to work with Huawei on 5G standards – sources
The United States will amend its prohibitions on U.S. companies doing business with China’s Huawei [HWT.UL] to allow them to work together in standards setting...
Amazon says CEO Bezos willing to testify before U.S. Congress
Amazon.com Inc said on Monday its founder and Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of U.S....
Mnuchin will discuss PPP oversight with Congress after criticism
U.S. Treasury Secretary Steven Mnuchin said on Monday he would talk to Congress about proper oversight of $660 billion in small business economic relief, after...
Exclusive: BlackRock injects $18 billion into European firms during pandemic – source
The world’s biggest asset manager BlackRock has pumped about 16 billion euros ($18 billion) into 810 European companies since the end of January, more than...
U.S. crude drops as coronavirus cases spike globally
Oil prices fell on Monday as new coronavirus infections hit the United States and China, feeding worries that renewed lockdowns could hamper economic recovery and...
Fed launches long-awaited Main Street lending program
The Federal Reserve said on Monday it had opened registration for lenders interested in participating in its Main Street Lending Program, launching arguably the most...