U.S. says Alaska, Delta, JetBlue, United, Southwest seek COVID aid

07/07/2020

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 […]

World shares rally to four-week highs as investors bet on China revival

07/06/2020

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 […]

Air France and HOP! airlines to cut 7,580 jobs

07/03/2020

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 […]

Gilead's COVID-19 antiviral remdesivir gets conditional EU clearance

07/03/2020

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 […]

U.S. job growth accelerates; layoffs remain elevated

07/02/2020

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 […]

The heat's on Corporate America to reveal racial diversity data

07/02/2020

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 […]