U.S. layoffs abating, labor market distress persists
The number of Americans seeking jobless benefits fell last week, but millions laid off because of COVID-19 continue to receive unemployment checks, suggesting the labor...
Volkswagen blames cultural insensitivity for ad criticised as ‘racist’
Volkswagen on Thursday apologised for posting on its Instagram page last month an advert widely criticised as “racist”, and said it was published because of...
Wall Street lower on fears of new virus wave, Fed’s cautious outlook
The S&P 500 and the Dow Jones hit a one-week low on Thursday, after a sharp climb over the past month, as investors worried about...
VW blames cultural insensitivity for ad criticised as ‘racist’
Volkswagen on Thursday apologised for posting on its Instagram page last month an advert widely criticised as “racist”, and said it was published because of...
British Airways turns to Damien Hirst in its hour of need
British Airways will sell at least 10 works of art that normally hang in its executive lounges, a source said, turning to pieces by famous...
Delta rolling out COVID-19 testing for all employees
Delta Air Lines Inc is launching next week a program to test employees for active COVID-19 and antibodies under a partnership with the Mayo Clinic...
Wall Street slides at open on fears of second virus wave
U.S. stocks opened sharply lower on Thursday with the Nasdaq falling after a four-day rally on fears of a second wave of coronavirus infections and...
Japan’s Takeda to sell some Asia-focused drugs to Celltrion for $278 million
Takeda Pharmaceutical Co Ltd has agreed to sell a portfolio of over-the-counter and prescription drugs marketed in the Asia Pacific region to South Korea’s Celltrion...
PayPal pledges over $500 million to support minority-owned U.S. businesses
PayPal Holdings Inc said on Thursday it was pledging $530 million to support black and minority-owned businesses in the United States and foster diversity, amid...
Exclusive: Pershing Square’s Ackman eyes $1 billion-plus ‘blank-check’ company – sources
Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has filed confidentially with U.S. regulators for an initial public offering (IPO) of a blank-check...