WASHINGTON (Reuters) – Five additional U.S. airlines – Alaska Airlines, Delta Air Lines, JetBlue Airways, United Airlines and Southwest Airlines – have taken steps to seek federal loans amid the novel coronavirus outbreak, the U.S. Department of Treasury said on Tuesday. The airlines had signed […] Online fashion retailer Boohoo has promised to investigate one of its suppliers in Leicester over claims staff have been made to work for less than minimum wage. Workers at the factory were paid as little as £3.50 an hour – despite minimum pay for over […] LONDON (Reuters) – Global stock markets rallied to four-week highs on Monday as investors counted on a revival in Chinese activity to boost global growth, even as surging coronavirus cases delayed business re-openings across the United States. MSCI’s All-Country World Index, which tracks shares across […] United Overseas Bank has joined its local peers in deepening cuts to interest rates tied to its flagship savings account amid a prolonged low-interest rate environment. The bank told customers this week that it will lower rates on its UOB One account for balances up […] PARIS (Reuters) – Air France (AIRF.PA) plans to cut just over 7,500 jobs following the coronavirus-related collapse in air travel, the flag carrier said on Friday. The cuts include 6,560 jobs at the main airline by the end of 2022, more than 3,500 of which […] BRUSSELS (Reuters) – The European Commission said on Friday it had given conditional approval for the use of antiviral remdesivir in severe COVID-19 patients following an accelerated review process, making it the region’s first therapy to be authorised to treat the virus. The move comes […] WASHINGTON (Reuters) – The U.S. economy created a record 4.8 million jobs in June as more restaurants and bars resumed operations, but layoffs remained elevated and raging COVID-19 cases across the country threaten the fledgling recovery. The flare-up in coronavirus infections, which started in late […] BOSTON/LONDON (Reuters) – American companies are coming under increasing pressure from investors to publicly disclose information about diversity among employees in the wake of nationwide protests against racial discrimination. Many executives have pledged to champion equality in response to the Black Lives Matter demonstrations across […] (Reuters) – St. Louis Federal Reserve Bank president James Bullard has warned that a growing number of bankruptcies due to the coronavirus outbreak could lead to a financial crisis, the Financial Times reported. “Without more granular risk management on the part of the health policy, […] WASHINGTON (Reuters) – U.S., Mexican and Canadian business groups applauded a new North American trade deal’s entry into force on Wednesday, but said more work and flexibility was needed to overcome challenges including implementation of new labor and automotive rules. The U.S. Chamber of Commerce, […]
U.S. says Alaska, Delta, JetBlue, United, Southwest seek COVID aid
Boohoo to investigate supplier over claim it paid workers £3.50 an hour
World shares rally to four-week highs as investors bet on China revival
UOB joins peers in cutting interest rates on flagship savings account
Air France and HOP! airlines to cut 7,580 jobs
Gilead's COVID-19 antiviral remdesivir gets conditional EU clearance
U.S. job growth accelerates; layoffs remain elevated
The heat's on Corporate America to reveal racial diversity data
Fed's Bullard warns of financial crisis risks as virus cases spike: FT
Business groups say flexibility needed to implement new North American trade deal
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