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US business formation tanks as coronavirus shuts economy

Applications to start new U.S. businesses tumbled last week, the latest indication that stringent measures to control the spread of the novel coronavirus had brought the economy to its knees.

Markets

Coronavirus set to usher in big changes at US offices

The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so goes a line of thinking running through commercial real estate circles.

Markets

T-Mobile wins final approval for closed merger with Sprint

California's Public Utilities Commission (CPUC) voted on Thursday to approve the merger of wireless carriers T-Mobile US Inc and Sprint Corp, marking the final approval for a US$23 billion deal which closed on April 1.

Markets

Apple to reopen its sole branded store in South Korea on Apr 18

REUTERS: Apple Inc said on Thursday (Apr 16) it would reopen its sole retail store in South Korea on Apr 18, marking it the first site to return to business after it closed all stores outside Greater China last month due to the coronavirus outbreak. Once struggling with the first...

Markets

Apple to reopen its sole branded store in South Korea on April 18

Apple Inc said on Thursday it would reopen its sole retail store in South Korea on April 18, marking it the first site to return to business after it closed all stores outside Greater China last month due to the coronavirus outbreak.

Markets

US rejects most Spirit, JetBlue requests to halt additional flights

The U.S. Transportation Department said on Thursday it had rejected most requests by Jetblue Airways Corp and Spirit Airlines to halt additional flights in the wake of the pandemic that has sent passenger traffic down by 95per cent.

Markets

Air traffic in Latin America falls 91per cent due to the coronavirus outbreak

Air traffic in Latin America in April has fallen 91per cent compared to a year earlier due to the coronavirus outbreak that fully grounded two of the region's largest airlines and canceled almost all other flights, industry group ALTA said on Thursday.

Markets

Italy unions agree health measures with CNH Industrial for restart

Italian trade unions said on Thursday they had agreed with CNH Industrial on health and security measures so the vehicle maker is ready to resume work as soon as lockdown rules are eased.

Markets

Hand-holding in the pandemic: Wealth managers grapple with new reality

During the early days of March, Jill Fopiano was having trouble sleeping, waking up at 3 o'clock in the morning, maybe 4 o'clock. She'd been watching news of a virus in China, first out the corner of her eye – was this like swine flu? – then more squarely,...

Markets

Sales drop at Vuitton owner LVMH as virus forces store closures

Louis Vuitton owner LVMH on Thursday posted a 17per cent drop in comparable sales in the first quarter due to the coronavirus outbreak, as lockdowns imposed in Europe and elsewhere forced it to close stores and production sites.

Markets

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