Markets

Airbnb Inc is laying off 25per cent of its workforce due to the coronavirus pandemic, impacting nearly 1,900 employees of the home rental startup, two sources familiar with the matter told Reuters.

BMW lowered the outlook for the profitability of its automotive division, citing worse-than-expected demand which has been impacted by global measures to contain the coronavirus.

California's attorney general on Tuesday sued Uber Technologies Inc and Lyft Inc for classifying its drivers improperly as independent contractors instead of employees, evading workplace protections and withholding worker benefits.

Delta Air Lines said on Tuesday it was putting a limit to seating capacity in its airplanes, as the U.S. carrier looks to provide a safe flying experience to customers amid the coronavirus crisis.

Sophisticated networks of hackers are targeting national and international organisations which are responding to the COVID-19 pandemic, Britain's foreign minister Dominic Raab said on Tuesday, calling them "particularly dangerous and venal".

LOS ANGELES: XPO Logistics Inc shares jumped almost 13per cent on Tuesday after executives said its e-commerce fulfillment, returns and home delivery businesses are thriving during the novel coronavirus crisis. "E-commerce saved us in April. ... It was our strongest performing vertical across the ...

Children are accessing the internet at a younger age, spending longer online and are at greater risk of cyber bullying as the COVID-19 pandemic keeps them at home, a U.N. agency said on Tuesday.

Chicago Federal Reserve Bank President Charles Evans said on Tuesday that it's "reasonable" to expect a return to economic growth in the second half of the year, but that such an outcome is only slightly more likely than other, more pessimistic views.

Wendy's Co said on Tuesday its restaurants may face a shortage of many menu items, including hamburgers, as beef processors in the United States struggle to keep their plants open amid the COVID-19 pandemic.

White House economic adviser Kevin Hassett on Tuesday said he expects the U.S. unemployment rate was above 16per cent in April, as the coronavirus pandemic began to devastate the country's economy.