Federal Reserve scraps transfer limits on bank savings accounts
The U.S. Federal Reserve announced Friday that banks can now allow account holders to make an unlimited number of withdrawals and transfers from their savings accounts.
Wall Street opens higher on signs of lockdown easing
U.S. stock markets jumped at the open on Friday as some states prepared to relax curbs imposed to contain the coronavirus outbreak, with a surprise rise in orders for core U.S.-made capital goods adding to the gains.
Global equities edge higher as oil continues rebound
Global equity benchmarks edged higher on Friday as investors weighed a slight gain in oil against concerns that further stimulus measures by the European Union to combat the economic damage from the coronavirus pandemic could be delayed until next year…
Nestle CEO expects busier year for M&A deals
Nestle expects a “more vigorous” year for acquisitions in 2020 as the packaged food giant looks to expand its business, Chief Executive Mark Schneider said on Friday.
Greene King furloughs over 36,000 employees as pandemic shuts pubs
British pub operator Greene King has furloughed more than 36,000 employees, owner CK Asset Holdings said on Friday, as government measures to halt the spread of the coronavirus has led to the closure of all its pubs in the UK.
French court upholds ruling that limits Amazon deliveries during coronavirus crisis
A French court rejected US online retailer Amazon’s appeal against a ruling that limits what it can deliver during the coronavirus crisis.
Ryanair could see job losses if flights grounded beyond May: CEO
Ryanair may see job losses if flights remain grounded due to coronavirus restrictions on travel beyond May, Chief Executive Michael O’Leary said on Friday.
Verizon pulls 2020 revenue view as it loses wireless subscribers
Verizon Communications Inc withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns due to coronavirus outbreak that closed 70% of its stores.
Norway approves new law that could help rescue Norwegian Air
Norway’s parliament voted through a new company restructuring law on Friday that could help save Norwegian Air and many other companies from potential bankruptcy as a result of the restrictions to stem the spread of COVID-19.
IKEA says visitors returning fast to reopened shopping centres in China and Germany
Furniture brand IKEA’s main retail vehicle said on Friday shoppers were returning quickly to its shopping centres after it reopened three in China last week, and one in Germany this week – its first four to open after closures due to the coronavirus.
