NEW YORK (AP) – The coronavirus is dealing a death blow to the longest U.S. economic expansion on record, triggering layoffs and putting intense strain on the nation’s financial system. In a cruel paradox, the very steps that are needed to contain the …
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Australian airline Qantas is forcing most of its employees to stop working as the coronavirus pandemic threatens to gut its finances. Australia’s flag carrier and its budget subsidiary Jetstar will “stand down” two thirds of their 30,000 employees until at least the …
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INDIANAPOLIS (WISH) – Here’s a look at Thursday’s business headlines. Coronavirus. Lending Tree found that 63% of Americans purchased supplies related to the coronavirus outbreak, spending on average $178.44. The spending ranged from food and …
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SYDNEY/BERLIN (Reuters) – Airline industry turmoil deepened on Thursday as Qantas Airways (QAN.AX) told most of its 30,000 staff to take leave and Lufthansa (LHAG.DE) said the industry may not survive without state aid if the coronavirus pandemic lasted …
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London-based banks plan to keep trading floors open even in the event of a formal lockdown of the British capital, betting that their frontline staff will be treated by authorities as “key workers”. FILE PHOTO: A broker looks at financial information on computer …
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