U.S. unemployment rate will get worse, Treasury’s Mnuchin says
The staggering U.S. unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday....
Thyssenkrupp overhaul must happen faster due to COVID-19: CEO
Thyssenkrupp has less time for a wide-ranging restructuring plan than previously thought as the coronavirus pandemic is significantly burdening the already ailing conglomerate, its chief...
Exclusive: Saudi Aramco seeking to review price of SABIC deal – sources
Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC’s...
French, Dutch join forces to urge EU to show teeth on trade
France and the Netherlands have joined forces to urge the European Union to enforce environmental and labour standards more forcefully with countries the bloc signs...
Emirates to raise debt as it braces for most difficult months ever
Emirates, one of the world’s biggest long-haul airlines, said on Sunday it will raise debt to help it through the coronavirus pandemic and may have...
Emirates to raise debt as it doesn’t see travel recovering for at least 18 months
Emirates, one of the world’s biggest long-haul airlines, will raise debt to help it through the coronavirus pandemic that has shattered global travel demand, warning...
China central bank signals more policy measures to support virus-ravaged economy
China’s central bank said on Sunday it will step up counter-cyclical adjustments to support the economy and make monetary policy more flexible to fend off...
Major U.S. airlines endorse temperature checks for passengers
A major U.S. airline trade group on Saturday said it backed the U.S. Transportation Security Administration (TSA) checking the temperatures of passengers and customer-facing employees...
Mazda Motor seeks $2.8 billion in loans to ride out pandemic: source
Mazda Motor Corp has sought loans totalling about 300 billion yen ($2.8 billion) from Japan’s three megabanks and other lenders to ride out the coronavirus epidemic,...
NCAA president: Sports won’t return until campuses reopen
College sports will not resume until all students are back on campus, NCAA president Mark Emmert said Friday....