Rolls-Royce considering cutting up to 15% of its workforce – source
British aero-engine maker Rolls-Royce Holdings is considering cutting up to 15% of its workforce, a source close to the company told Reuters, as customers cut production and airlines park planes due to the coronavirus pandemic.
Wall Street tumbles as renewed tariff threat adds to uncertainties
Wall Street sold off sharply on Friday after President Donald Trump revived a threat of new tariffs against China in response to the COVID-19 pandemic, which has brought global economies to a grinding halt.
Stocks fall as Trump’s China tariff threat adds to fears over virus-hit economies
Wall Street took a nosedive on Friday on fears that the world’s two largest economies could resume a trade war, dragging down a global stocks index on a day that many financial markets were closed for a holiday.
Rolls-Royce to cut up to 8,000 jobs as aviation crisis bites: FT
British aero-engine maker Rolls-Royce Holdings Plc is planning to slash up to 8,000 jobs, the Financial Times reported https://www.ft.com/content/027ce53d-8770-48a6-ba7b-000d979033b0 on Friday.
For Fed Chair Powell, March was pure madness as coronavirus response intensified
A half-hour staff meeting in a secure location.
Uber must face lawsuit claiming it stifled competition, drove out rival Sidecar
Uber Technologies Inc was ordered by a U.S. judge on Friday to face a lawsuit claiming its illegal predatory pricing and other anticompetitive practices stifled competition, and drove rival Sidecar Technologies Inc out of business.
Will U.S. exchange trading floors still be relevant post-coronavirus?
The coronavirus pandemic has upended U.S. equities trading with unprecedented market volatility and forced bourses like the New York Stock Exchange to close their trading floors, raising questions about the need for such spaces.
Wall Street sinks on renewed tariff threat
Wall Street sold off sharply on Friday as investor risk appetite was soured by the revived specter of tariffs against China, threatened anew by U.S. President Donald Trump in retaliation for the COVID-19 pandemic which has brought global economies to a…
Fed officials worry about lasting economic scars from crisis
After rolling out trillions of dollars in support for the U.S. economy during the coronavirus pandemic, Federal Reserve officials have begun warning of potentially lasting scars to the workforce and productivity if the recovery is not handled well.
Telefonica seeks to merge Britain’s O2 and Virgin Media: sources
Spain’s Telefonica SA is in talks with billionaire John Malone’s Liberty Global Plc to explore a merger of its British mobile operator O2 with Liberty’s Virgin Media cable network company, two sources familiar with the matter said.
