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Oil prices tumble more than 1% Monday as Saudi Arabia makes deep cuts
Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about demand recovery cooled amid the coronavirus!-->…
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Trump floats using extra $300B in coronavirus relief aid for second stimulus check
President Trump called on Congress to approve a fresh round of $1,200 stimulus checks for American families by reallocating $300 billion in unused coronavirus relief funds.
"We have $300 billion in an account that we didn't use. I would!-->!-->!-->…
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Extend furlough scheme ‘or risk second wave of job cuts’
The UK risks a second wave of job cuts and a slower economic recovery if it does not extend its furlough scheme, leading business groups have warned.
Manufacturing body Make UK said the job retention scheme should last beyond October!-->!-->!-->…
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US unemployment rate falls below 10% as firms rehire staff
The US unemployment rate fell sharply in August, as some firms began to hire new staff again and temporary hiring for the US census boosted job numbers.
Firms added 1.4 million new jobs and unemployment fell below 10% for the first time!-->!-->!-->…
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Ex-World Bank head Robert Zoellick: ‘The world could look like 1900 again’
The former head of the World Bank has warned the world could look like it did in 1900 if countries don’t work together to tackle the current crisis.
Robert Zoellick pointed to the rift between the US and China as a serious threat to the!-->!-->!-->…
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Coronavirus: Virgin Atlantic to cut 1,150 more jobs
Virgin Atlantic is to cut 1,150 more jobs after completing a £1.2bn rescue plan that will secure its future for at least 18 months.
The airline had already cut more than 3,500 jobs out of the 10,000 employees it had at the beginning of!-->!-->!-->…
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Jeep punches above its weight with $100,000 Grand Wagoneer SUV
DETROIT – Jeep aims to punch above its weight with the arrival next year of the Grand Wagoneer, a vehicle will top $100,000 fully loaded and bring the brand into the highly profitable large SUV segment.
But defying skeptics as an!-->!-->!-->…
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Closure of Hilton Times Square may be ‘tip of the iceberg’ of troubles facing New York hotels
This week’s announcement of the permanent closure of the iconic 44-story Hilton Times Square hotel in the heart of New York City was a wake-up call for the embattled hospitality industry, especially in urban markets suffering from a!-->…
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Key coronavirus forecast predicts over 410,000 total U.S. deaths by Jan. 1: ‘The worst is yet to…
The U.S. will top more than 410,000 Covid-19 deaths by the end of the year as the country heads into the fall and winter, according to a new forecast from the Institute for Health Metrics and Evaluation at the University of Washington.
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PVH posts surprise profit as stay-at-home lifts casual clothing demand
PVH Corp (PVH.N) reported a surprise quarterly profit on Wednesday, as the apparel retailer benefited from strong demand for comfortable and casual clothing during the coronavirus-led shift to work from home, sending its shares up over 4%.!-->…
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