U.S. manufacturers struggle to keep workers in face of weak demand
Cheryl Wellman was able to bring back most of her furloughed workers last month with the help of a special government loan.
SoftBank share buybacks near $3 billion despite May slowdown
SoftBank’s share buybacks slowed in May, a company filing showed on Friday, although total purchases to support its share price since March reached 312 billion yen ($2.9 billion).
Wall St Week Ahead: Investors bet bounce in value stocks will stick
As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.
BA, easyJet and Ryanair fight British quarantine with legal action
British Airways, easyJet and Ryanair said on Friday they have begun legal action against the British government’s quarantine policy in a bid to overturn what they see as overly strict rules.
Global shares, oil slump as coronavirus fears take hold
A slump in global shares extended to its fourth day running on Friday and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery from lockdowns.
Exclusive: Netflix in talks to source Indian content from Reliance affiliate Viacom18 – sources
U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries’ media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relat…
BA, easyJet and Ryanair launch legal action against UK quarantine
British Airways, easyJet and Ryanair have launched legal action against the UK government’s quarantine policy, asking for a judicial review to be heard as soon as possible.
Oil falls, rally ends as U.S. sees resurgence of coronavirus infections
Oil prices fell on Friday, extending big losses from overnight as U.S. coronavirus cases surged this week and raised the prospect of a second wave of the COVID-19 outbreak hitting demand in the world’s top consumer of crude and fuel.
Exclusive: Netflix in talks to source local Indian content from Reliance affiliate Viacom18 – sources
U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries’ media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relat…
Luxury food industry turns sour amid global coronavirus lockdowns
Global demand for premium foods like wagyu beef, bluefin tuna and caviar has plunged with thousands of restaurants shuttered and many economies sliding into recession amid the coronavirus pandemic.
