U.S. jobless claims remain elevated amid second layoffs wave
The novel coronavirus crisis continues to pummel the U.S. labor market, with the number of Americans filing for unemployment benefits falling less than expected last week, suggesting a second wave of layoffs in industries and jobs not initially impacte…
Trump threatens new taxes on companies that make goods outside United States
President Donald Trump threatened on Thursday to impose new taxes on American companies that produce goods outside the United States, another move his administration could make to push supply chains away from China and raise new trade barriers.
Wall St drops on Trump’s China trade comments, economic worries
Wall Street’s main indexes fell on Thursday, extending declines for the third straight session, as comments from President Donald Trump renewed worries over Sino-U.S. trade relations and added to concerns of a prolonged economic downturn.
Lufthansa plans 1,800 round trips a week by the end of June
German flagship carrier Lufthansa on Thursday said it would be offering 1,800 round trips a week to more than 130 destinations by the end of June as airlines tentatively begin restoring capacity.
Delta to have 7,000 more pilots than needed in the fall: memo
Delta Air Lines , with more than 14,000 pilots on its roster, expects to have 7,000 more than it needs in the fall as the coronavirus pandemic weighs on its operations, according to a memo to flight operations employees seen by Reuters.
Equities sink, bonds rise for third day on recovery fears
World stock markets fell for a third day on Thursday and safe-haven bonds rose as disappointing U.S. jobs data and signals by central banks that further government stimulus may be needed stoked investor worries about the global economic recovery.
Nissan could look at shutting Barcelona plant, no decision made: sources
Nissan Motor may be looking at the possibility of closing its Barcelona factory but no final decision has been made as the Japanese carmaker plans a new global strategic direction, two sources with direct knowledge told Reuters.
U.S. SEC charges two companies, CEO over misleading COVID-19 claims
The U.S. Securities and Exchange Commission said on Thursday it has charged two companies and a chief executive officer with making misleading claims related to COVID-19, the disease caused by the novel coronavirus.
Trump says pandemic clouds U.S.-China trade deal
U.S. President Donald Trump said on Thursday he was very disappointed in China over its failure to contain the novel coronavirus, and that the worldwide pandemic had cast a pall over his trade deal with Beijing.
Trump rips into China over coronavirus, ‘very disappointed’
U.S. President Donald Trump on Thursday said he was very disappointed in China over its failure to contain the novel coronavirus, saying the worldwide pandemic cast a pall over his U.S.-China trade deal.
