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United Airlines reducing domestic, global schedules over coronavirus

The cutbacks required United to undertake "difficult" measures to rein in costs, Chief Executive Oscar Munoz and President J. Scott Kirby said in the letter. ...

Starbucks to Stop Filling Reusable Cups Amid Coronavirus Fears

If you do bring a mug, the company will still grant the 10 cent discount. If you picked yesterday to save the planet by investing in a $2 reusable Starbucks c...

Toyota recalls 3.2 million vehicles worldwide over fuel pump problem

The Japanese automaker first said in January it would recall 696,000 US vehicles with a fuel pump that may stop operating and lead to stalling of the engine. On...

Hand sanitizer is in global shortage

Right now, hand sanitizers have become precious gold in Nigeria and other parts of the world. Dr. Sanjay Maggirwar, professor of microbiology at George Wash...

JPMorgan to test emergency coronavirus plans with some employees working from home

Employees at other divisions, including JPMorgan's investment bank, have also been asked to work from home, the person said. The largest US bank by assets is ...

IKEA recalls 820,000 3-drawer chests that can tip and crush children

The company says it has not identified any reports of serious injuries involving the chest anywhere in the world. The reports include one involving a minor cut ...

Middle Eastern Airlines See 5.4 Percent Rise in Passenger Demand Last January

This scenario considers markets with more than 100 confirmed COVID-19 cases and experiencing a sharp downturn followed by a V-shaped recovery profile. The epide...

Google wins $179m against ex engineer who stole trade secrets

At the same time, Google pursued its own case against Levandowski for poaching employees, resulting in Wednesday's ruling. "We will continue to take the neces...

Global markets slide again on enduring concern over virus

The S&P 500 index was down 71.01 points at 3,059.11, while the Nasdaq composite was down 178.01 points at 8,840.08. In New York, the Dow Jones industrial aver...

Dow soars over 1,100 points amid Biden wins, plans for stimulus measures

Additionally, investors are anticipating that more central banks will follow the Federal Reserve's lead in cutting rates. Low returns from term deposits and bon...

Facebook Pulls out of SXSW Due to Coronavirus Worries

The spokesman said the company had no additional details when asked how many employees are expected to attend SXSW. This evening, SXSW said the event was still ...

Canopy Closing Two Facilities, Laying Off 500, Taking $700 Million Charge

Canopy also says it will record an estimated pre-tax charge between $700 million and $800 million for its quarter ending March 31. "Although hard, today's dec...

Fed cuts rates over fear of economic impact of a coronavirus outbreak

The Federal Reserve surprised market participants with an inter-meeting 50bps rate cut to 1.00-1.25% in order to quell market fears. An added bonus: U.S. In f...

Coronavirus: Trudeau creates new Cabinet committee to tackle COVID-19 outbreak

Its work will complement the work being done by the government's incident response group. Trudeau said people should take the same precautions that they do du...

Robinhood outage sees customers threaten class action

Robinhood support desk has addressed the ongoing issue on Twitter & has confirmed that they are now investigating it. "We started experiencing downtime issu...

OPEC backs extra 1.5 million bpd output cut if Russia joins in

Two medical staff members, wearing Red Cross vests, were taking the temperature of ministers and other delegates entering the Vienna headquarters of the Organ...

At PMI of 54.5, manufacturing activity remains strong in February

A reading over 50 indicates expansion, while a reading below points to contraction. An index measuring output that feeds into a composite PMI due on Wednesday...

Asia shares follow Wall Street higher as virus risk lurks

Treasuries nudged higher after the curve steepened on Wednesday, a sign investors see more USA stimulus coming. Healthcare stocks provided the largest boost t...

Next BoE governor Bailey tells UK firms to expect coronavirus help

Investors have ramped up their bets that BoE will cut interest rates, possibly before the first scheduled policy announcement under Bailey on March 26, as the s...

28 confirmed coronavirus cases in India

Vardhan said 66 contacts of the New Delhi patient who returned from Italy and 88 contacts of the positive Telangana patient are being traced for quarantine. T...

Bank of Canada lowers overnight rate target to 1.25 per cent

In a statement Wednesday, the Bank of Canada said the outlook for the Canadian economy "is clearly weaker" than it was just a few weeks ago, pointing to disru...

USA markets tumble after rate cut

All three indexes are now less than 10% from their highs. The price of USA crude oil was up 5.2%. After the stock market extended gains in the session's final...

Supreme Court sets aside RBI ban on cryptocurrency transactions

Bitcoin, the most valued cryptocurrency in the world, was down 0.39 per cent at Dollars 8,815. The market cap of the currency stood at $161 billion. The petit...

Fed cuts interest rate in response to coronavirus

It was the first rate cut between policy meetings since the 2008 financial crisis. "We aren't in a recession yet and today's move won't keep one from coming"....

Australia's Reserve Bank cuts cash rate to record low amid coronavirus

Australia's central bank cut interest rates to record lows on Tuesday in what is expected to be the first in a spate of policy stimulus around the world to figh...

Plan for Northern rail ‘in 100 days’ as Government takes control

The government has taken over the running of services across the Northern rail network today (1/3/20), marking the start of a new era of public control for the ...

Twitter staff told to work from home on virus fears

The San Francisco-based company announced on Monday that the measure became effective immediately. In a statement, the tech giant said it was "operating out o...

Donald Trump ‘very ready’ as U.S. cases hit 60

President Donald Trump appointed Vice President Mike Pence on Wednesday to lead the United States' response to the COVID-19 virus. Most notably, Pence opposed p...

Amazon confirms first coronavirus case among U.S. employees

The unidentified employee was placed in quarantine after leaving work feeling ill on February 25, Amazon said. The spokeswoman confirmed a report by Bloo...

Walmart confirms it will launch a rival to Amazon’s Prime

Walmart could recreate a paid membership program to compete with Amazon Prime . While a spokesperson from Walmart did confirm that the Walmart + pr...