Norway's parliament voted through a new company restructuring law on Friday that could help save Norwegian Air and many other companies from potential bankruptcy as a result of the restrictions to stem the spread of COVID-19.
After another disappointing EU summit, the European Central Bank finds itself in a familiar position as the leading saviour of the euro, once again being called upon to push out its boundaries while politicians bicker.
Verizon Communications Inc lost 68,000 phone subscribers who pay a monthly bill in the first quarter, as people stayed indoors due to lockdowns to halt the spread of the coronavirus.
Verizon Communications Inc lost 68,000 phone subscribers who pay a monthly bill in the first quarter, as people stayed indoors due to lockdowns to halt the spread of the coronavirus.
Facebook's US$5.7 billion investment in Reliance promises to be the biggest headache yet for Paytm, a SoftBank-backed pioneer in India's digital payments market but which has been losing ground to rivals with deeper pockets.
A French court on Friday rejected a request from the CGT union that a Carrefour hypermarket near Lille be forced to close aisles selling non-esssential products and it ordered the union to pay 1,000 euros compensation to the supermarket group.
China's retail investors take punts on everything from mainstream stocks to niche commodities and derivatives, and many were badly burned this week by exposure to U.S. oil contracts which collapsed below zero for the first time, wiping out several small accounts.
Global oil supplies may be 6per cent less than expected by 2030 because of delays to investments by energy companies in response to falling crude prices due to the coronavirus crisis, data from energy analysts at Rystad showed.
Thailand’s budget and full-service carriers are seeking soft-loans worth 25 billion baht (US$770.65 million) from the government to support their businesses amid the coronavirus outbreak, an airline executive said on Friday.
Investors already braced for poor first-quarter earnings from major oil and gas companies next week will focus on how executives plan to save cash and whether they will cut dividends following the collapse in oil prices.
