Airbus examining restructuring including job cuts: sources
Airbus is drawing up plans for a restructuring involving the possibility of “deep” job cuts as it braces for a prolonged coronavirus crisis after furloughing...
Amazon extends temporary raise in pay through May 30
Amazon.com Inc said on Wednesday it would extend the temporary increase in its hourly pay and double the overtime pay through May 30, bringing its...
Deutsche Bank criticised in internal N.Y. Fed audit: German newspaper
Deutsche Bank’s regulators in the United States have criticised the German lender in an internal audit for weaknesses in fighting money laundering and in risk...
Airbus examining restructuring including redundancies: sources
Airbus is drawing up plans for restructuring involving “deep” job cuts, but has not taken a final decision, industry sources said....
Wall Street falls on Powell’s grim outlook
Wall Street’s main indexes fell on Wednesday after Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes due...
Climate activists up stakes at Exxon, backing calls for independent board chairman
Shareholder activists prodding Exxon Mobil Corp on climate-change proposals are backing calls for an independent board chairman as the oil major steps up efforts to...
Return of Big Mac – McDonald’s UK emerges from lockdown
After over seven weeks of coronavirus lockdown, Britons hankering for a Big Mac may be a step closer to getting their hands on one after...
Japan´s Softbank sees consolidation in Latam food delivery
Japan’s SoftBank Group Corp , a shareholder in some of Latin America’s largest food delivery companies, expects consolidation in most markets, a senior executive said...
U.S. producer prices record largest drop since 2009 as coronavirus suppresses demand
U.S. producer prices fell by the most since 2009 in April, leading to the largest annual decline in nearly 4-1/2 years, bolstering some economists’ predictions...
OPEC slashes oil demand forecast again, sees biggest hit this quarter
OPEC slashed its forecast on Wednesday for global oil demand this year and predicted this quarter would see the steepest decline even as some countries...