World’s Biggest Wheat Supply Dries Up When Some Want It Most
Russian exhausts grain-export quota two months ahead of plan. Russian ban could benefit rival suppliers like the EU and U.S.
Category: World
World’s Biggest Central Banks Meet As Pressure Mounts To Do More
Global central banks remain under pressure to do more to support their economies through the coronavirus recession even after driving…
When Oil Became Waste: A Week Of Turmoil For Crude, And More Pain To Come
The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price…
Richard Branson Seeking Buyer For Virgin Atlantic
Richard Branson is seeking a buyer for Virgin Atlantic, according to The Telegraph. This comes as Delta — which owns…
Coronavirus: Air France-KLM Secures Billions In Government Aid
Air France-KLM has secured at least €9bn (£7.9bn; $9.7bn) in government aid, as the Franco-Dutch airline group struggles to stay…
Recovery Expert: ‘Some Businesses Will Never Reopen
When economies eventually re-open, many businesses will stay shut as they struggle with the new environment. That is the fear…
Ford Engineers Are Working On Electric Mustang SUVs In Their Own Garages
When Aleyna Kapur started working from home due to the coronavirus pandemic, she had to take a few things from…
Deutsche Bank Refuses To Give U.S. Senators Information On Recent Trump Dealings
Deutsche Bank (DBKGn.DE) has declined a request by prominent U.S. senators to provide information about the German lender’s recent business…
U.S. Airlines Receive Additional $9.5 Billion In Payroll Support: Treasury
The U.S. Treasury Department has disbursed $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers,…
U.S. Says It Will Not Take Part In WHO Global Drugs, Vaccine Initiative Launch
The United States will not take part in the launching of a global initiative on Friday to speed the development,…
U.S. Deficit Could Quadruple To $3.7 Trillion In Coronavirus Crisis: CBO
A nationwide business shutdown and surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7…
Bitcoin Jumps To Highest Level Since March’s Coronavirus Crash
Buoyed by an overall shift in risk sentiment, cryptocurrencies surged on Thursday, with Bitcoin surpassing $7,500 for the first time…
Market Wrap
2020, 9:03 PM GMT+1
S&P 500 index, crude futures still finished lower on the week. Treasury yields fell, dollar strengthened during crude turmoil. Evercore CEO Says Depth of Recession From Virus ‘Unprecedented, Staggering’
Airbnb Is Banking On A Post-Pandemic Travel Boom.
The home-rental company defined the travel industry after the last cataclysm, but may be less suited for what’s next.
Marriott CEO Says Coronavirus Pandemic Will Change Hotel Stays
Most Marriott Hotels Will Survive the Crisis, Says CEO
Tycoon Running 500 Hotels Says Virus Crisis Is Worst He’s Seen
Bill Heinecke thought he’d seen it all in a decades-long career running hotels: the Asian and global financial crises, SARS,…
Facebook Is Taking On Zoom With New Video Features
Facebook has a long history of expanding its features to emulate major competitors. Now it’s taking on platform-of-the-moment Zoom.
Singapore Airlines To Cancel Most Flights Until End Of June
Singapore Airlines said it will cancel most flights until the end of June. About 96% of scheduled flights will be…
Trump Threatens To Block Aid For U.S. Post Office If It Does Not Raise Prices For Amazon
President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates…
Kanye West Becomes Hip-Hop’s Second Billionaire
has touted his billionaire status before — but now, the rapper is showing the receipts to prove it. According to a report published…
Bill Gates: It’s Impossible To Overstate The Pain That Lies In The Years Ahead
That’s Bill Gates, Microsoft’s co-founder and co-chair of the Gates Foundation, sharing his latest thoughts on the coronavirus pandemic in…
Billionaire Leon Cooperman Says ‘Capitalism As We Know It Will Likely Be Changed Forever’
Billionaire Leon Cooperman says that the U.S. economy and markets may be facing lasting implications from the COVID-19 pandemic that…
Coronavirus: US Companies Already Facing Bankruptcy
A growing number of companies will file for bankruptcies in 2020 as businesses remain shuttered due to the coronavirus. Airlines, retail…
Bezos, Musk Among Billionaires Gaining Net Worth In Pandemic
The combined wealth of America’s billionaires, including Amazon.com (AMZN.O) Inc founder Jeff Bezos and Tesla Inc (TSLA.OA) chief Elon Musk,…
Russia Cuts Key Interest Rate As Coronavirus And Oil Price Plunge Take Hold
The Central Bank of Russia (CBR) on Friday cut its key interest rate by 50 basis points to 5.5%. The…
Oil Prices Rise, Capping Week Of Historic Turmoil Over Coronavirus
Oil prices climbed on Friday, adding to gains from earlier sessions after producers such as Kuwait said they would move…
Coronavirus Stockpiling Drives Best Nestle Sales Growth In Years
Swiss food giant Nestle (NESN.S) reported its best quarterly sales growth in nearly five years on Friday as consumers stockpiled…
U.S. Aid Bill Passed; Duterte Extends Lockdown
The U.S. House of Representatives overwhelmingly passed a $484 billion coronavirus aid package, replenishing funding to aid small businesses and provide support for…
Asian Stocks Slip; Crude Oil Pushes Higher
S&P 500 Index pares rally as virus-drug test disappoints. 10-year Treasury yield holds at 0.6%; Crude climbs in New York
Why I Suspended Green Cards — Trump
U.S. President Donald Trump has defended his new executive order that temporarily suspends immigrant visas. Addressing newsmen on Wednesday evening…