Zoom , the video conferencing provider whose business has boomed with the COVID-19 pandemic, plans to strengthen encryption on video calls made by paying clients and institutions like schools, but not for users of its popular free accounts, a company official said Friday.
U.S. pipeline operator Energy Transfer LP will begin cutting about 6per cent of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business.
Zoom , the video conferencing provider whose business has boomed with the COVID-19 pandemic, plans to strengthen encryption on video calls made by paying clients and institutions like schools, but not for users of its popular free accounts, a company official said Friday.
Germany and Brussels have reached a preliminary agreement in the ongoing row over the €9 billion (US$10 billion) bailout of carrier Lufthansa, two people familiar with the matter said.
United Airlines Holdings Inc said on Friday it will be eliminating 13 officer positions as it consolidates roles and restructures some key departments to address the severe financial impact of the coronavirus crisis on its business.
Southwest Airlines Co Chief Executive Officer Gary Kelly said on Friday he expects a "brutal low-fare" environment when traffic returns after coronavirus-induced restrictions ease.
Wall Street stocks finished a volatile session mostly higher on Friday (May 29) after newly announced US policies to punish China did not threaten a trade detente between Washington and Beijing.
The closing of a US$252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday.
Germany and Brussels have reached a preliminary agreement in the ongoing row over the 9 billion euro (US$10 billion) bailout of carrier Lufthansa , two people familiar with the matter said.
A United Nations aviation-led task force is urging airlines, airports and countries to come up with a uniform approach to flying safely during the coronavirus pandemic, although it stopped short of providing specific requirements for the hard hit industry's recovery.
