Lawmakers label British Airways ‘national disgrace’ over jobs
British Airways was labelled a “national disgrace” by lawmakers for its treatment of employees on Saturday, adding to pressure on the airline as it juggles job cuts and new quarantine rules.
Airbnb partners with Brazil virus hotspot Sao Paulo on post-pandemic tourism
Home rental firm Airbnb struck a partnership with Brazil’s Sao Paulo state to encourage tourism once the novel coronavirus crisis has passed, a company executive said on Friday.
Wall Street ends higher but indexes mark worst week since March selloff
U.S. stocks ended higher on Friday as bargain hunters stepped back into the market following sharp losses a day earlier, but all three major indexes suffered their biggest weekly percentage declines since March.
Bankrupt Hertz wins approval to offer up to $1 billion in shares
A bankruptcy judge on Friday approved Hertz Global Holdings Inc’s proposal to sell up to $1 billion in shares, as the car rental firm looks to cash in on a huge speculative rise in its share price since filing for bankruptcy late last month.
Zoom hits political turbulence in Washington, Beijing; lobbyists ready
Zoom Video Communications, whose remote meeting app made the obscure California company a hub for global communications during the coronavirus pandemic, now finds itself fighting political battles in Washington and Beijing.
World shares modestly higher as investors mull coronavirus, recovery outlook
Global equity markets rose in choppy trading on Friday as concerns triggered by the U.S. Federal Reserve’s less-than-optimistic outlook for an economic recovery and a jump in U.S. coronavirus cases gave investors pause.
Wall Street ends higher but indexes mark worst week in more than two months
U.S. stocks ended higher on Friday as bargain hunters stepped back into the market following sharp losses a day earlier, but all three major indexes suffered their biggest weekly percentage declines since the week ended March 20.
Oil prices see weekly loss on virus resurgence fears
Oil was little changed on Friday and logged a first weekly decline since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand.
California examines Amazon’s business practices: WSJ
California investigators are examining Amazon.com Inc’s business practices as part of an inquiry into the company, the Wall Street Journal reported on Friday, citing people familiar with the matter.
World shares modestly lower as investors mull coronavirus, recovery outlook
Global equity markets gave back earlier gains on Friday as concerns triggered by the U.S. Federal Reserve’s less-than-optimistic outlook for an economic recovery and a jump in U.S. coronavirus cases gave investors pause.
