Prague aims to get a grip on Airbnb with coronavirus crisis laws
Officials in Prague are using the coronavirus crisis to get a firmer grip on short-term rentals like Airbnb, which they say have squeezed locals out of the Czech capital’s centre.
Futures dip ahead of weekly jobless claims number
U.S. stock index futures dipped on Thursday as investors braced for another staggering weekly jobless claims number, while oil prices rose on hopes of sweeping production cuts.
Global stocks gain on hopes pandemic is reaching peak
Global shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices.
Exclusive: Wall Street firm dangled up to 175% returns to investors using U.S. aid programs
A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing d…
UBS execs to donate millions to coronavirus fight as CEO cautions over uncertainty
UBS’s most senior managers will each contribute the equivalent of three months’ salary to fight the new coronavirus, Chief Executive Sergio Ermotti said on Thursday, as he cautioned over hopes for a swift recovery from the economic downturn caused by …
Saudi, Russia debate record oil cut as U.S. resists action
OPEC and Russia will discuss record oil output cuts on Thursday to support prices hammered by the coronavirus crisis but talks are complicated by internal disagreements and the reluctance of the United States to join in any action.
Rosneft believes OPEC+ output cut of 10 million bpd would rebalance markets: RenCap
Rosneft believes a cut in oil production of 10 million barrels per day (bpd) by OPEC+ would be sufficient to rebalance oil markets, Renaissance Capital (RenCap) said late on Wednesday following a call with the Russian energy giant.
UniCredit renews commitment to boosting shareholder returns: chairman
UniCredit remains strongly committed to increasing returns for investors in Italy’s biggest bank, its chairman said, following a decision to suspend dividend payments and a share buyback to comply with supervisory guidance.
May is crunch time for U.S. auto suppliers amid coronavirus shutdown
Auto parts maker Kevin Clay landed a series of new contracts from customers early this year, and was bullish on 2020 after two challenging years.
Kremlin calls for coordinated joint action on global oil markets
Russia wants coordinated joint action to stabilise global oil markets, Kremlin spokesman Dmitry Peskov said on Thursday ahead of a meeting between OPEC and non-OPEC producers.
