LONDON: British low cost airline easyJet said it planned to cut up to 30 per cent of its staff, or 4,500 jobs, and shrink its fleet, to fit the smaller market that will emerge from the coronavirus pandemic. EasyJet, which employs over 15,000 people in eight countries across Europe,...
Japan's Nissan Motor Co has decided to close its factory in Barcelona, resulting in the loss of about 3,000 jobs as part of a new worldwide restructuring plan, the Spanish government said on Thursday.
Rich Chinese are expected to park fewer funds in Hong Kong on worries that Beijing's proposed national security law for the city could allow mainland authorities to track and seize their wealth, bankers and other industry sources said.
French Finance Minister Bruno Le Maire on Thursday said that the government had yet to sign off on a planned 5 billion euro (US$5.5 billion) loan for Renault , and that the carmaker's site closures and job cuts could only ever be a last resort.
Fourteen Democratic members of the U.S. House of Representatives wrote to the Federal Trade Commission (FTC) on Thursday to urge it to consider probing the short video app TikTok for "blatant disregard" of a consent decree related to children's privacy.
Impulse purchases - gum, mints and snack bars tossed into a shopping basket as one snakes through the supermarket checkout line - are falling as more people get groceries delivered or pick them up curbside.
U.S. stocks will end this year around current levels as the coronavirus pandemic cripples the economy and eats into earnings, according to strategists polled by Reuters.
Job cuts by U.S. state and local governments whose budgets have been crushed fighting the COVID-19 pandemic and more second-wave layoffs in the private sector likely contributed last week to a 10th straight week of more than 2 million Americans seeking unemployment benefits.
An effort to extend parts of the Foreign Intelligence Surveillance Act (FISA) stalled in the U.S. Congress on Wednesday, after President Donald Trump promised to veto it and Republicans withdrew their support.
REUTERS: Security experts at Alphabet Inc's Google sent 1,755 warnings in April to users whose accounts were targets of government-backed attackers, following a resurgence in hacking and phishing attempts related to the coronavirus outbreak. Google said on Wednesday its Threat Analysis Group saw ...
