‘How about next June?’ Small meat processors backlogged as virus idles big plants
Inside the small-scale Iowa abattoir Stanhope Locker and Market, owner Shaunna Zanker yawns with exhaustion as she listens to yet another farmer asking her to slaughter his pigs.
U.S. small firms leave $150 billion in coronavirus stimulus untapped
When the U.S. government first rolled out forgivable loans to small businesses in early April under the Paycheck Protection Program, loan officers at Bank of the West in Grapevine, Texas worked nights and weekends to process a tsunami of applications.
Exclusive: Cathay Pacific’s brand merger hits roadblock from China’s aviation regulator
China’s aviation regulator may make it difficult for Hong Kong’s Cathay Pacific Airways Ltd to merge regional arm Cathay Dragon into its main brand because of infractions during last year’s pro-democracy protests, two sources said.
Total’s entry into Spanish power market shows rising competition: Naturgy CEO
France’s Total entering Spain’s electricity market through the purchase of assets from Portugal’s EDP shows how competition is increasing in the country, the Chief Executive of utility Naturgy said on Tuesday.
Israel taps local desalination firm IDE over Hong Kong rival
Israel on Tuesday chose local company IDE Technologies over a Chinese-linked rival to build the country’s largest desalination plant to tackle water shortages in one of the driest parts of the world.
World shares reach 10-week high, S&P 500 eyeing 3000
World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors disregarded Sino-U.S. tensions to focus on more stimulus in China and a re-opening world economy.
Oil prices climb as faith in supply cuts grows
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up as coronavirus lockdowns ease.
Lufthansa unit Eurowings to cut a third of head-office staff
Eurowings, the low-cost airline owned by Lufthansa , said it would cut a third of the jobs at its headquarters as part of wider efforts to return the German airline group to profitability after a major state bailout.
Uber cuts 600 jobs in India as lockdown hits business
Uber Technologies Inc has cut about 600 jobs in India as part of plans to reduce its global workforce by 23%, the company said on Tuesday, joining local rival Ola as the COVID-19 pandemic crushes demand for app-based cab services.
U.S. stock futures rise 2% to 3,012 points
U.S. stock futures rose 2% on Tuesday and breached a major chart barrier as investors brushed aside China-U.S. trade tension and braced for a re-opening of the world economy.
