Amazon France CEO hopes can reopen warehouses ‘very quickly’
Amazon does not know when its warehouses in France might reopen but hopes it can be soon, the head of its French business said on Friday.
Tata Consultancy shares rise on deal wins, hiring promise
Shares of Tata Consultancy Services Ltd rose as much as 7.9% on Friday as investors shrugged off the software service firm’s warning on coronavirus risks to focus on sales wins and its promise to push ahead with hiring this year.
Locked-down investors aim algorithms at chaotic currency markets
A new breed of trading algorithms has deftly navigated the turbulence in currency markets caused by the coronavirus pandemic, driving up demand for robots and potentially reshaping the world of foreign-exchange dealing beyond the crisis.
Oh brother! Coronavirus calls split family fortunes on Wall Street
(This story contains language that some readers might find offensive in the 21st paragraph)
China crude oil runs hit 15-month low as virus cripples demand
China’s daily crude oil throughput in March sank to a 15-month low with state refiners maintaining deep output cuts as the coronavirus pandemic erodes demand, but there are some signs of recovery as the country begins to ease virus-related curbs.
Instant View: China’s first-quarter GDP posts first decline on record as virus shuts down economy
China’s economy shrank 6.8% in January-March from a year earlier, official data showed on Friday, the first such decline since at least 1992 when quarterly gross domestic product (GDP) records began.
Oil mixed as shrinking China economy overshadows Trump plan to ease U.S. coronavirus lockdown
Oil prices were mixed on Friday after the weakest Chinese economic data in decades showed the impact of the coronavirus pandemic, offsetting some earlier gains on optimism for President Donald Trump’s early plans to revive the U.S. economy.
Cathay Pacific to close U.S. cabin crew bases, laying off 286 staff
Hong Kong’s Cathay Pacific Airways Ltd will close its three cabin crew bases in the United States, the airline said on Friday, laying off 286 staff as the coronavirus pandemic has virtually halted global travel.
Isntant View: China’s first-quarter GDP posts first decline on record as virus shuts down economy
China’s economy shrank 6.8% in January-March from a year earlier, official data showed on Friday, the first such decline since at least 1992 when quarterly gross domestic product (GDP) records began.
Hobbled by coronavirus, China’s first-quarter GDP shrinks for first time on record
China’s economy contracted for the first time on record in the first quarter as the coronavirus shut down factories and shopping malls and put millions out of work.
