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NBCUniversal weighs layoffs at media, entertainment units: WSJ

(Reuters) – Comcast Corp (CMCSA.O) owned NBCUniversal is evaluating a significant reduction of staff across its portfolio of media and entertainment properties as part of a cost-cutting effort, the Wall Street Journal reported on Friday, citing people familiar... More »

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Your unemployment questions, answered

NEW YORK (Reuters) – U.S. jobless claims have exceeded 30 million since the coronavirus outbreak hit the country, wiping out a decade of job gains and sending many Americans scrambling to find work and cash in on government aid. As part of our weekly #AskReute... More »

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Shopping robots come into their own in locked-down English town

MILTON KEYNES, England (Reuters) – A fleet of robots on wheels that deliver shopping in the English town of Milton Keynes have seen their popularity surge as residents are stuck indoors due to the coronavirus lockdown. The robots, which come up roughly to an a... More »

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UK employment growth slowed in March as COVID began to hit: ONS

LONDON (Reuters) – The number of people in jobs in Britain grew more slowly in March than in February, official figures showed on Tuesday in an early sign of the impact of the coronavirus shutdown which is expected to hammer the jobs market. Growth in the numb... More »

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Japan faces higher risk of job losses, data analysis shows

TOKYO (Reuters) – Japan may see new hirings slow and job losses increase, particularly among service-sector firms struggling to cope with the intensifying pain of the coronavirus crisis, according to an analysis of survey data by a private think-tank. Dai-ichi... More »

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Factbox: Coronavirus spread closes North American meat plants

CHICAGO (Reuters) – Major meat companies in the United States and Canada have closed plants temporarily due to cases of the new coronavirus and concerns about its spread. Here are some facilities that have shut or reduced production: * JBS USA [JBS.UL] shut a ... More »

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Siemens CEO rules out job cuts from coronavirus impact

ZURICH (Reuters) – Siemens will not cut its workforce because of the economic downturn triggered by the new coronavirus, Chief Executive Joe Kaeser said, although short-time working measures could be extended in Germany. “No one at Siemens will leave because o... More »

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Your remote work questions, answered

NEW YORK (Reuters) – Many Americans have found themselves quickly adjusting to new routines, offices and “co-workers” as mass lockdowns keep millions of employees confined to their homes and apartments. As part of our #AskReuters Twitter chat series, Reuters i... More »

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Novelty toilet roll cakes keep Finnish baker in business

HELSINKI (Reuters) – A quick-thinking Helsinki bakery has saved itself from financial ruin due to the new coronavirus pandemic by creating a cake that looks like a toilet roll. The dismayed staff at the Ronttosrouva bakery found all their orders cancelled last... More »

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Swiss street artist pays tribute to unsung coronavirus heroes

GLAND, Switzerland (Reuters) – Street artist David Perez has found his own way to pay tribute in Switzerland to the people he regards as the unsung heroes of the coronavirus crisis. Perez, 35, has adorned a pedestrian underpass in the town of Gland with a port... More »

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Tesla cuts contractors from California, Nevada factories: CNBC

(Reuters) – Tesla Inc (TSLA.O) is cutting contractors from its U.S. car and battery plants, CNBC reported on Friday, citing workers and a contract staffing agency. The electric carmaker is axing contractors at both its vehicle assembly plant in Fremont, Califo... More »

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U.S. services sector growth slows- employment drops: ISM

WASHINGTON (Reuters) – U.S. services sector activity slowed to a more than 3-1/2-year low in March, with industries reporting a moderation in new orders and decline in employment amid the coronavirus pandemic, which has brought the country to sudden stop. The ... More »

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Saudi king earmarks $2.4 billion to pay private-sector workers

RIYADH (Reuters) – Saudi Arabia’s King Salman has ordered up to 9 billion riyals ($2.4 billion) to be disbursed to pay part of the wages of private-sector workers to deter companies from laying off staff, the state-run Saudi Press Agency reported on Friday. Th... More »

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Oprah Winfrey donates $10 million for coronavirus relief

LOS ANGELES (Reuters) – Oprah Winfrey said on Thursday she was donating $10 million to coronavirus relief efforts, including a new venture to help get food to vulnerable Americans during the coronavirus epidemic. Winfrey, one of America’s richest and most infl... More »

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Britain orders 10,000 ventilators from F1, aerospace consortium

LONDON (Reuters) – Britain has ordered more than 10,000 ventilators from a consortium of leading aerospace, engineering and Formula One racing teams which have met an urgent government plea for help with production due to start this week. The group, including ... More »

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CVS to hire 50,000 employees for coronavirus assistance

(Reuters) – Drugstore chain CVS Health Corp said on Monday it was hiring 50,000 employees across the United States to assist patients and customers with the coronavirus outbreak. The new hires would fill in roles ranging from store associates to home delivery ... More »

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Your Money: Now is not the time to stop saving for retirement

NEW YORK (Reuters) – When you see soda on sale at the supermarket, do you run screaming into the parking lot in a panic? Or do you buy six? This is the analogy Peter Palion, a certified financial planner in New York, uses to calm worried clients about volatili... More »

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Your Money: As U.S. unemployment claims surge, know your status

NEW YORK (Reuters) – Applications for unemployment insurance are skyrocketing across the United States. In Ohio, the number tripled from last week through Sunday, up to 12,000, according to the state’s governor. Calls to the Unemployment Law Project of Washing... More »

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Italy’s UniCredit says Mustier to stay on as CEO

MILAN (Reuters) – Italy’s biggest bank UniCredit (CRDI.MI) said on Monday Chief Executive Jean Pierre Mustier had confirmed he would remain in his role, following media reports that he was being considered for the top job at rival HSBC (HSBA.L). UniCredit rece... More »

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Factbox: Indonesia’s parliament debates sweeping new tax bill

JAKARTA (Reuters) – Indonesia’s parliament will soon begin debating a sweeping new bill that proposes corporate tax cuts and seeks to make internet giants pay more taxes, as part of a wider plan to simplify laws and boost investments in Southeast Asia’s bigges... More »

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Business survey suggests U.S. labor market may have peaked

WASHINGTON (Reuters) – There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the latest suggestion that the labor market has likely peaked and job gro... More »

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Ethiopia launches first satellite into space

ADDIS ABABA (Reuters) – Ethiopia launched its first satellite into space on Friday, as more sub-Saharan African nations strive to develop space programs to advance their development goals and encourage scientific innovation. Before dawn on Friday, senior offic... More »