Oil rises on U.S. jobless drop, OPEC+ meeting hopes
Oil prices rose on Friday after an unexpected fall in the monthly U.S. jobless rate and OPEC’s decision to bring forward to Saturday discussions on whether to extend record production cuts.
Canada adds net 289,600 jobs in May
Canada added a net 289,600 jobs in May, with most of the employment gains coming in full time, Statistics Canada said on Friday. The rebound in May hiring comes after Canada lost a record-breaking 2 million jobs in April.
LVMH backs down on renegotiating Tiffany deal: sources
French luxury goods giant is not seeking to renegotiate its $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so, people familiar with the matter said on Friday.
WeWork Global to invest $100 million in India business
WeWork will invest $100 million in its Indian business as the office-sharing startup looks to ride out the coronavirus crisis, which has kept people indoors and away from offices.
Suntory CEO says 20% of restaurants may fail as coronavirus slams Japan’s dining scene
Takeshi Niinami, the head of Japanese drinks and food group Suntory Holdings and a government adviser, predicted on Friday that more than 20% of bars and restaurants could fail due to the coronavirus pandemic.
Bombardier to cut 2,500 aviation jobs as COVID-19 slams demand
Canadian business jet maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11% of its workforce, at its aviation unit as the COVID-19 pandemic’s crushing impact on the air industry adds to its long list of problems.
BBC appoints insider as new boss to negotiate future finance model
The BBC appointed an insider as its new director general on Friday, tasked with securing the future direction and financing of the publicly-funded British broadcaster in the wake of government scepticism of the current model.
Global stocks and euro gain ahead of U.S. jobs data
World stocks held near three-month highs and the euro also remained close to a three-month peak, thanks to a larger than expected European stimulus boost and on hopes of a global economic rebound.
Take Five: Bulls charge past hurdles
Have HSBC and Standard Chartered “chosen profits over human rights” in backing China’s national security law for Hong Kong, as some suggest? Or does it reflect the tightrope businesses must navigate between Hong Kong’s protesters and Beijing?
BA owner considering legal challenge on UK quarantine as relations fray
The owner of British Airways is considering launching a legal challenge against the UK’s looming quarantine plan, in the latest sign of a breakdown in relations between airlines and the government over the coronavirus pandemic.
