TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S. President Joe Biden revoked the project's presidential permit, the company said in an email to employees.
European countries should use all available vaccine doses provided by biotech firm BioNTech and its partner Pfizer because there will be enough for the requisite second booster shot due to a planned production ramp-up, BioNTech's largest investor said.
Software development services provider Sequoia Holdings LLC said on Thursday its employees can now receive a part of their salary in cryptocurrencies, should they choose to.
KLM, the Dutch arm of Air France, on Thursday said it would cut an additional 1,000 jobs in 2021 and voiced its opposition to government plans for all passengers to require a COVID-19 test before flying to the Netherlands.
Southwest Airlines Co said on Thursday it would vaccinate its employees against COVID-19 for free once a vaccine has been made widely available in the United States.
German airline Lufthansa is losing 1 million euros (US$1.2 million) every two hours, which represents "a significant improvement" over the low point of the COVID-19 crisis, Chief Executive Carsten Spohr said on Thursday.
BMW aims to return to its pre-pandemic operating margin target as the global economy recovers, but big investments in electric cars mean the automaker will have to simplify its vehicle portfolio, its finance chief told Reuters.
The best measure of success for the new U.S. government of President Joe Biden will be the speed at which the vaccination rollout against the novel coronavirus is conducted, BlackRock CEO Larry Fink said on Thursday.
U.S. President Joe Biden's promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuters interviews with executives.
The number of Americans filing new applications for unemployment benefits decreased modestly last week as the COVID-19 pandemic tears through the nation, raising the risk of a second straight month of job losses.
