Latin America grabs world spotlight for airline bankruptcies
LATAM Airlines and Avianca Holdings survived the Great Depression, but just a few weeks of quarantines forced both companies into bankruptcy, marking Latin America as...
Exclusive: UK retailer Debenhams cuts ‘hundreds’ of head office staff – sources
British department store group Debenhams has cut “hundreds” of head office jobs as it slims down its administrative functions to support a smaller business in...
U.S. states, cities may snub Fed lending program over high rates
High borrowing costs will limit participation in a $500 billion U.S. Federal Reserve short-term borrowing program set up to address state and city revenue shortfalls...
Trump leapfrogs back ahead of Obama in stock market gains
U.S. President Donald Trump is once again beating predecessor Barack Obama in stock market performance following a stunning recovery on Wall Street....
Amazon to offer permanent roles to 70% of 175,000 new U.S. hires
Amazon.com Inc plans to offer permanent jobs to about 70% of the U.S. workforce it has hired temporarily to meet consumer demand during the coronavirus...
Oil falls as surprise U.S. stock build douses demand recovery hopes
Oil prices fell on Thursday after U.S. industry data showed a surprise steep build in crude oil inventories, dampening hopes of a smooth recovery in...
GM, Ford turn to fast-payment programs to aid suppliers hit by shutdowns
General Motors Co and Ford Motor Co are using fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused...
Nissan plans to slash costs after first loss in 11 years
Nissan Motor Co outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability...
Renault to take 3.6 billion euro hit from Nissan losses
French carmaker Renault said on Thursday that losses at its Japanese partner Nissan , in which it has a 43% stake, would drag on its...
EasyJet to cut 4,500 jobs to stay competitive after crisis
Britain’s easyJet plans to cut up to 4,500 jobs and shrink its fleet to adjust to the smaller travel market which is forecast to emerge...