Temporary layoff schemes no cure-all in slow COVID recovery
Temporary unemployment schemes operating across Europe could struggle to save the jobs of leisure and travel sector workers facing drawn-out or partial recoveries from the COVID-19 pandemic, even if they help industries that rebound quickly.
A month after negative oil prices, U.S. crude contract expiry looms
A month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the next watershed moment looms with the expiry of the June contract on Tuesday – and so far there is little sign of a repeat of the historic plunge.
A month after negative oil prices, U.S. crude contract expiry looms
A month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the next watershed moment looms with the expiry of the June contract on Tuesday – and so far there is little sign of a repeat of the historic plunge.
UK’s Gove says EU trade deal can be done despite talks stalemate
British Cabinet Office minister Michael Gove said on Sunday that there was a post-Brexit trade deal to be done with the European Union providing the bloc compromised its stance, days after both sides said talks were making little progress.
UK’s Gove says EU trade deal can be done despite talks stalemate
Senior British government minister Michael Gove said on Sunday there was a post-Brexit trade deal to be done with the European Union providing the bloc agreed to compromise, days after both sides said talks were making little progress.
China says opposed to latest U.S. rules against Huawei
China’s commerce ministry said on Sunday it is firmly opposed to the latest rules by the United States against Huawei and will take all necessary measures to safeguard Chinese firms’ rights and interests.
Disney says it will reopen shopping area at Florida resort on Wednesday
Walt Disney Co will partially reopen its Disney Springs entertainment and shopping complex at Walt Disney World Resort in Florida on May 20, it said late on Saturday.
China urges food companies to boost supplies on fears of further COVID-19 disruption
China has asked trading firms and food processors to boost inventories of grains and oilseeds as a possible second wave of coronavirus cases and worsening infection rates elsewhere raise concerns about global supply lines.
China central bank should shun risky bond buying as economy improves: adviser
The People’s Bank of China should avoid buying special treasury bonds as such a move could fuel inflation risks and asset bubbles and lead to depreciation of the yuan currency, central bank policy adviser Ma Jun said in remarks published on Sunday.
J.C. Penney has need for speed in bankruptcy, lawyer says
J.C. Penney Co Inc needs to exit bankruptcy proceedings in just a matter of months to survive the unprecedented financial strain of prolonged store closures due to the COVID-19 pandemic, a lawyer for the iconic U.S. department store chain said during …
