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Reuters: Business News

Oilfield spending to fall 21% as producers slash New! 2020-04-01 06:11:14Global spending on oilfield equipment and services this year will fall 21% from 2019 to $211 billion, the lowest level since 2005, according to a repo

Futures tumble as coronavirus crisis intensifies New! 2020-04-01 06:01:28U.S. stock index futures sank on Wednesday following stark predictions of a rising U.S. death toll and economic damage from the coronavirus outbreak,

Factory activity plunges as coronavirus shock deepens New! 2020-04-01 05:57:48Factories fell quiet across most of Europe and Asia in March as the coronavirus pandemic paralyzed economic activity, with evidence mounting that the

Oil majors slash 2020 spending by 20% after New! 2020-04-01 05:50:58The world's biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of th

Dollar rallies as investors brace for global downturn New! 2020-04-01 05:41:40The dollar rallied against riskier currencies on Wednesday, with markets staring at what looked likely to be one of the worst economic contractions fo

Chinese buyers snap up U.S. oil purchases at New! 2020-04-01 05:20:11China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies

Markets fall as virus woes strike again New! 2020-04-01 05:11:19World markets fell on Wednesday as the coronavirus threat ensured an ugly start to the second quarter for equities and commodities.

Oil falls to $25 as oversupply fears mount New! 2020-04-01 04:56:08Oil slid to $25 a barrel on Wednesday, within sight of its lowest in 18 years, as a report showing a big rise in U.S. inventories and a widening rift

Glencore's chrome joint venture in South Africa with New! 2020-04-01 04:47:16Glencore's chrome joint venture in South Africa with Merafe Resources has declared force majeure on qualifying contracts after a nationwide lockdow

Tariff pain turns to gain: U.S. computer, toy New! 2020-04-01 04:31:30As the coronavirus outbreak forced classes online, Boston Public Schools ordered 20,000 laptops and had them in hand in four days - an unusually fast

China's ports brace for second hit as virus New! 2020-04-01 03:59:53China's ports and shipping firms are bracing for a second wave of supply chain disruptions that may be deeper and more prolonged than during the coun

Mother of invention: the new gadgets dreamt up New! 2020-04-01 03:45:25Driving to work at his factory to the west of London last week, designer Steve Brooks had coronavirus on his mind. What could he make that would let h

BBC News - Business

Banks under fire for coronavirus loan tactics 2020-03-25 20:00:40MPs have criticised banks for asking business owners to put their own property up to secure loans.

Coronavirus: What’s behind the great toilet roll grab? 2020-03-25 20:00:34Supermarkets and ethical toilet roll firms have seen soaring demand as customers stockpile due to Covid-19.

US markets close higher after emergency virus deal 2020-03-25 16:26:21Stocks keep gains as the president and the US Senate agree a massive stimulus package for the economy.

Coronavirus: Off-licences added to list of 'essential' retailers 2020-03-25 15:06:42Government updates list of shops allowed to open during the pandemic to include those selling alcohol.

Coronavirus: Construction firms split as shutdown calls grow 2020-03-25 13:09:37Confusion deepens as some firms decide to stay open, citing government guidelines for essential work.

Coronavirus: 'Avoid using microwave to get faster internet' 2020-03-25 05:18:49With millions of people working from home, media watchdog Ofcom issues tips to boost internet speed.

Nike turns to digital sales during China shutdown 2020-03-25 00:04:18Sportswear giant Nike says online sales have helped cushion blow of widespread store closures during virus.

Facebook group calls soar 1,000% during Italy's lockdown 2020-03-24 21:13:31The social media platform has seen usage rocket in countries hardest hit by coronavirus lockdowns.

Marini Naturals: The haircare business that reaches 12 2020-03-24 20:16:00Michelle Ntalami couldn't buy the products she wanted for her hair, so she set up a company to sell them.

Global stock markets surge after weeks of losses 2020-03-24 17:21:59The Dow rose more than 11% for its best day since 1933, while the FTSE 100 closed 9% higher.

Coronavirus: No extra help for airlines, chancellor says 2020-03-24 17:05:52Rishi Sunak says bailing out airlines would be a "last resort" as the sector braces for a $252bn loss.

Coronavirus: Carmakers answer pleas to make medical supplies 2020-03-24 11:27:30The car industry is pledging to help tackle a shortage of ventilators and masks as virus spreads.

Business

Berkshire Hathaway has America Inc’s oldest board 2020-03-20 20:00:00Its new 68-year-old member looks positively ephebic

Airlines are running out of cash 2020-03-20 20:00:00Many will fail unless governments bail them out

Much of global commerce has ground to a 2020-03-20 20:00:00Some companies will never restart

How corporate leaders should act in a crisis 2020-03-20 20:00:00Managers earn their money when the going gets tough

How Visa became the top dog in global 2020-03-20 20:00:00It has overtaken JPMorgan Chase to become the world’s most valuable financial-services firm

Companies are scrambling to build more ventilators 2020-03-18 20:00:00Demand for breathing apparatus greatly outstrips supply

Coronavirus is grounding the world’s airlines 2020-03-14 20:00:00The aviation industry may not fully recover from the effects of the pandemic

How corporate IT is entering the multi-cloud 2020-03-13 20:00:00A new formation is rising in the computing skies

Chinese companies rush to produce anti-covid kit 2020-03-13 20:00:00Makers of booze, cars, nappies and spacecraft are retooling to fight the epidemic

Rethinking sick leave 2020-03-13 20:00:00Attitudes towards employee illness are out of step with the times

India’s booming startup scene is showing signs of 2020-03-12 12:15:56A decade of phenomenal growth has created 80,000 tech firms—and mounting losses

Academics make an empirical case again stakeholderism 2020-03-12 12:15:56A new paper shows that corporate professions of purpose look mostly like a publicity stunt

Economy

Great Depression 2? Worries about a coronavirus-induced calamity 2020-03-23 20:40:41Economists increasingly warn that Washington’s current efforts won’t be enough to fight a downturn approaching the devastation seen eight

Coronavirus upends the battle for the House 2020-03-23 04:30:14Trump’s impeachment is no longer likely to dominate the campaigns that will determine control of Congress.

Congress should bail out gig workers, Cohn says 2020-03-22 12:18:45Those workers typically don’t qualify for unemployment benefits.

Coronavirus Will Change the World Permanently. Here’s How. 2020-03-19 19:30:26A crisis on this scale can reorder society in dramatic ways, for better or worse. Here are 34 big thinkers’ predictions for what’s to come

What Trump’s Trillion-Dollar Bailout Gets Right, and Wrong 2020-03-19 16:52:45The good, the bad—and one very scary aside.

Stock plunge triggers fourth trading pause in 2 2020-03-18 13:14:31Shortly before 1 p.m., the S&P 500 index hit the 7 percent decline needed to trigger a mandatory 15-minute break.

The Smart Way to Save Jobs in the 2020-03-18 12:16:56One-fifth of U.S. workers have already lost hours or jobs. “Shared work” can slow the losses and speed an economic recovery.

How ugly could it get? Trump faces echoes 2020-03-16 20:21:34Forecasters see historic job losses and deep economic pain on the horizon — but with a sharp rebound, if Congress steps up.

Big banks brace for coronavirus-related onslaught 2020-03-16 19:55:25The banks will be tested on how well they’ve prepared for a global shock to the economy that no one saw coming.

How Republicans' tax overhaul could make a recession 2020-03-16 14:11:00Republicans’ 2017 tax overhaul made changes to the tax code that will make it harder for businesses to bounce back from a downturn.

Mnuchin dodges on specifics of coronavirus' economic impact 2020-03-15 11:55:49“I wouldn’t focus on the technical issue of whether we are going to be in a recession or not,” he said.

‘I don’t want to use the b-word’: Trump 2020-03-12 18:58:36Trump aides are studying the nation’s response after 9/11 and during the 2008-09 crisis to design an aid package for an economy quickly slamming


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