Major News

Exclusive: Airline crisis forces Airbus to consider A320 output cuts

Exclusive: Airline crisis forces Airbus to consider A320 output cuts

Published 03/04/2020

PARIS (Reuters) - Airbus is studying a sharp cut in output of its top-selling A320 plane series amid an industry-wide slowdown triggered by the coronavirus [more…]

Deep OPEC+ cuts won’t be enough to prevent oil inventory build: IEA head

Deep OPEC+ cuts won’t be enough to prevent oil inventory build: IEA head

Published 03/04/2020

LONDON (Reuters) - Deep oil output cuts by OPEC and other producing nations would not be enough to prevent a huge build in global crude [more…]

European insurer shares fall as row breaks out over dividends

European insurer shares fall as row breaks out over dividends

Published 03/04/2020

MUNICH/LONDON (Reuters) - Shares in Europe’s insurers fell sharply on Friday after the EU regulator said they should temporarily halt payouts to shareholders during the [more…]

Global stocks edge lower on economic toll from virus- oil rallies

Global stocks edge lower on economic toll from virus- oil rallies

Published 03/04/2020

NEW YORK (Reuters) - Global stock markets sank Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while [more…]

FedEx slashes CEO’s salary, draws $1.5 billion from credit line

FedEx slashes CEO’s salary, draws $1.5 billion from credit line

Published 03/04/2020

(Reuters) - FedEx Corp (FDX.N) said on Friday it would slash its chief executive officer’s pay and draw down $1.5 billion from a credit facility [more…]

3M to make more face masks, ramp up imports to U.S. after Trump order

3M to make more face masks, ramp up imports to U.S. after Trump order

Published 03/04/2020

(Reuters) - 3M Co (MMM.N) said on Friday it would increase the production of respirators and import more masks into the United States, after President [more…]

With over a million coronavirus cases, economic freefall looms

With over a million coronavirus cases, economic freefall looms

Published 03/04/2020

BEIJING/NEW YORK (Reuters) - Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities, a Reuters tally showed on [more…]

Norway pleads for more aid to help Palestinians tackle coronavirus

Norway pleads for more aid to help Palestinians tackle coronavirus

Published 03/04/2020

OSLO (Reuters) - Norway called on Friday for more money to help the Palestinian Territories get through the COVID-19 pandemic. Although there has only been [more…]

Swiss government expands powers to force firms to make supplies to fight COVID-19

Swiss government expands powers to force firms to make supplies to fight COVID-19

Published 03/04/2020

ZURICH (Reuters) - The Swiss government on Friday boosted its powers to order companies to raise production of critical medical supplies like drugs and protective [more…]

UK coronavirus death toll rises to 3,605, up 23% in a day

UK coronavirus death toll rises to 3,605, up 23% in a day

Published 03/04/2020

LONDON (Reuters) - The United Kingdom death toll from the coronavirus rose by 684 to 3,605 as of 1600 GMT on April 2, up 23% [more…]