Business

Lufthansa's Austrian unit negotiates state aid, job cuts

Lufthansa's Austrian unit negotiates state aid, job cuts

SUMMARY: REUTERS/Ralph OrlowskiVIENNA (Reuters) - Austrian Airlines is in negotiations with the government regarding state aid to save jobs and keep Vienna as a transfer hub for long-haul flights, the carrier said on Wednesday, adding the talks were at an early stage and will probably take weeks.

reuters
Airbus cuts jet production to cope with coronavirus crisis

Airbus cuts jet production to cope with coronavirus crisis

SUMMARY: FILE PHOTO: Logo of Airbus is pictured at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France, September 27, 2019.

reuters
Coronavirus: NatWest boss gives up pay and bonuses worth up to £2.3m

Coronavirus: NatWest boss gives up pay and bonuses worth up to £2.3m

SUMMARY: The boss of taxpayer-backed NatWest group is to give up pay and bonuses worth up to £2.3m as the coronavirus crisis weighs on UK households and businesses.

sky news
Fed modifying asset cap so Wells Fargo can make more small business loans

Fed modifying asset cap so Wells Fargo can make more small business loans

SUMMARY: FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017.

reuters
With stock-exchange floor closed, traders and investors grapple with uncertainty

With stock-exchange floor closed, traders and investors grapple with uncertainty

SUMMARY: ADThe traders provide a key temperature-regulation system.

washington post
Walmart's Mexico unit hires over 7,700 employees to manage higher demand

Walmart's Mexico unit hires over 7,700 employees to manage higher demand

SUMMARY: FILE PHOTO: Men walk past the logo of Walmart outside a store in Monterrey, Mexico February 12, 2018.

reuters
Equities climb on hopes pandemic is peaking

Equities climb on hopes pandemic is peaking

SUMMARY: NEW YORK (Reuters) - World equity markets moved higher and oil prices stabilized on Wednesday on hopes the coronavirus pandemic is peaking and that more government stimulus measures could be on the way.

reuters
Coronavirus: Chancellor announces aid for charities

Coronavirus: Chancellor announces aid for charities

SUMMARY: Image copyright Getty ImagesChancellor Rishi Sunak has announced a £750m package to keep struggling charities afloat during the coronavirus pandemic.

bbc
McDonald's pulls forecast as coronavirus outbreak hits quarterly sales

McDonald's pulls forecast as coronavirus outbreak hits quarterly sales

SUMMARY: (Reuters) - McDonald’s Corp (MCD.N) posted a steeper-than-expected decline in first-quarter comparable store sales and the burger chain pulled its full-year forecast as coronavirus-led lockdowns forced it to shutter stores and stick to delivery or take-out.

reuters
Zoom sued for overstating, not disclosing privacy, security flaws

Zoom sued for overstating, not disclosing privacy, security flaws

SUMMARY: FILE PHOTO: The Zoom Video Communications logo is pictured at the NASDAQ MarketSite in New York, New York, U.S., April 18, 2019.

reuters
Zoom hires former Facebook security chief to beef up privacy, safety

Zoom hires former Facebook security chief to beef up privacy, safety

SUMMARY: FILE PHOTO: The Zoom Video Communications ticker symbol is pictured at the NASDAQ MarketSite in New York, New York, U.S., April 18, 2019.

reuters
Coming next from the Fed: How much for Main Street?

Coming next from the Fed: How much for Main Street?

SUMMARY: The Fed, in coordination with the Treasury Department, is planning a Main Street Lending Facility as one of its linchpin programs in the crisis.

reuters
Pulp friction: Border jams delay supply of toilet paper's only ingredient

Pulp friction: Border jams delay supply of toilet paper's only ingredient

SUMMARY: Made from wood chips or recycled paper, softwood pulp costs about $455 a tonne and is a key part of tampons, sanitary pads and diapers.

reuters
Coronavirus: 'Drop in global trade to be worse than 2008 crisis'

Coronavirus: 'Drop in global trade to be worse than 2008 crisis'

SUMMARY: The wide range of possibilities reflects the uncertainties about the health crisis.

bbc
Coronavirus jobs bailout could cost Treasury '£40bn every three months'

Coronavirus jobs bailout could cost Treasury '£40bn every three months'

SUMMARY: Business rates Taxes levied on commercial premises will be abolished this year for all retailers, leisure outlets and hospitality sector firms.

the guardian
Card networks are encouraging contactless payments worldwide

Card networks are encouraging contactless payments worldwide

SUMMARY: Contactless limits cut down on the number of contactless transactions consumers can make because they can't make purchases that exceed the value caps with only a tap.

business insider
Coronavirus: Wills 'being signed on car bonnets' amid lockdown

Coronavirus: Wills 'being signed on car bonnets' amid lockdown

SUMMARY: Image copyright Getty Images Image caption Normally, two independent witnesses are required to validate a willDocuments have been held in place by windscreen wipers and signed on a car bonnet in a novel way for wills to be witnessed during social distancing.

bbc
Coronavirus: France and Germany count economic cost of crisis

Coronavirus: France and Germany count economic cost of crisis

SUMMARY: Europe's biggest economies have begun counting the cost to growth from the coronavirus crisis - as leaders across the continent struggle to reach agreement on how to mitigate its impact.

sky news
Jack Dorsey's $1 billion commitment to tackling the coronavirus outbreak has impressed fellow billionaires and tech execs

Jack Dorsey's $1 billion commitment to tackling the coronavirus outbreak has impressed fellow billionaires and tech execs

SUMMARY: Millionaires, billionaires, and tech luminaries are applauding Twitter and Square CEO Jack Dorsey on Twitter for his $1 billion commitment to coronavirus relief, universal basic income, and girls' education.

business insider
Coronavirus: KPMG partners face 25% pay cut as bonuses get slashed

Coronavirus: KPMG partners face 25% pay cut as bonuses get slashed

SUMMARY: Hundreds of partners at KPMG, the big four accountancy firm, are facing pay cuts worth hundreds of thousands of pounds as it seeks to conserve cash because of the coronavirus outbreak.

sky news