Dolce & Gabbana will lose out from virus crisis, founders tell paper
Italian fashion group Dolce & Gabbana will lose out “a lot” this year, after the coronavirus emergency, founders Domenico Dolce and Stefano Gabbana said on...
Stocks drop as virus recovery begins to look distant
Stock markets fell and bonds were in demand on Thursday as worries grew about a second wave of coronavirus infections and a dour assessment from...
Merck KGaA says profit could slip in 2020
German healthcare and chemicals company Merck KGaA flagged that a slight decline in operating earnings was on the cards this year as the coronavirus pandemic...
Storms clouds gather over U.S. stocks as hopes of quick recovery fade
A lightning-quick rally in U.S. equities is showing cracks, as investors face mounting evidence that the economy’s coronavirus-fueled woes may be far longer-lasting than many...
Fed’s credit operation launched, but job already done
The Federal Reserve’s pledged support for exchange-traded funds may not end up costing the central bank much, but will still have the desired effect of...
Temperature checks, masks the new normal for air travel, says Dubai airport CEO
Temperature screening and face masks will become common sights at airports to mitigate the spread of the new coronavirus but physical distancing could make flying...
U.S. weekly jobless benefits to stay elevated as coronavirus layoffs widen
The global novel coronavirus crisis continues to batter the U.S. labor market, with millions more Americans, including white collar workers, expected to have filed for...
Asian stocks set to slide on U.S. Fed fears, interest rate stance
Asian equities were set to slump on Thursday after the head of the Federal Reserve warned of a “significantly worse” U.S. recession than any downturn...
United Airlines employee files class action lawsuit over unpaid days off policy
A United Airlines Holdings Inc non-union employee filed a class action lawsuit on Wednesday alleging that a requirement that management and administration employees take 20...
Mexico green lights auto industry restart, heeding U.S. calls
Mexico will begin opening some automotive factories from May 18 under a plan unveiled on Wednesday that loosens coronavirus restrictions and paves the way for...