U.S. airlines are estimated to be sitting on more than US$10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday.
Airbus will implement a mandatory part-time working scheme for some 3,000 employees in France from April 20 to May 17, unions said on Friday.
A British court awarded US$11 million in damages and expenses on Friday to a former partner at global accounting firm Ernst & Young who exposed money laundering at a major gold refinery in the United Arab Emirates.
Online e-commerce giant Amazon.com Inc is preparing to launch an ultra-fast grocery delivery service in the United Kingdom, trade magazine The Grocer reported on Friday, citing suppliers.
Investors fled to safety as worries about the coronavirus outbreak increased, leading to heightened volatility and requiring the Federal Reserve to respond rapidly to stem losses from a "synchronized global selloff" and to help markets function, a senior official at the New York Fed said Friday.
Procter & Gamble Co on Friday reported an about 5per cent rise in quarterly sales as consumers stocked up on everything from diapers and detergents to toilet rolls amid sweeping lockdowns around the world to curb the spread of the coronavirus.
A gauge of future U.S. economic activity suffered a record decline in March, suggesting the economy could struggle to pull out of a deep slump caused by the novel coronavirus outbreak.
Online e-commerce giant Amazon.com Inc is preparing to launch an ultra-fast grocery delivery service in the United Kingdom, trade magazine The Grocer reported on Friday, citing suppliers.
IKEA store owner Ingka Group, the world's biggest furniture retailer, aims to start reopening shops in Europe in May after closures and sliding demand due to the COVID-19 pandemic slashed group sales by 60 per cent, its chief executive said.
SYDNEY: Hong Kong's Cathay Pacific Airways will lay off 286 cabin crew based in the United States and furlough 201 pilots based in Australia and Britain, it said on Friday (Apr 17), as the coronavirus pandemic has virtually halted global travel. The carrier has grounded most of its planes because...
