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Exclusive: Airbnb to restrict bookings on its platform in Britain

Home rental firm Airbnb will block British bookings on its platform for the vast majority of customers on Thursday, allowing only key workers to stay in properties for as long as emergency government coronavirus restrictions are in place.



4 years ago

As delivery workers emerge as frontline soldiers, India's government warms to e-commerce

Three days after India imposed a nationwide lockdown, Devender Singh revved up his motorcycle to deliver meat and eggs to customers - but his heart was in his mouth as he closed in on a police barricade on a deserted New Delhi road.



4 years ago

Virus lockdown threatens $60 billion in UK dividends: report

UK-listed companies could cancel about $60 billion in dividend payments this year following Britain's lockdown and calls from regulators to preserve cash during the coronavirus crisis, according to a report by analytics company Link Group.



4 years ago

Mexico auto sector to resume operations once U.S. industry gears up

Mexican President Andres Manuel Lopez Obrador said on Wednesday the domestic auto sector can resume operations shortly after the U.S. industry gears up from a coronavirus-led halt, to avoid further disruption to closely interconnected supply chains.



4 years ago

Russia, Saudi to debate oil output cuts as U.S. resists joining

OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their efforts to address the slump in prices wrought during the coronavirus pandemic have been complicated by mutual animosity and the reluctance of the United States to join the action.



4 years ago

Asia shares set to follow Wall Street's rally

Asian shares were poised to track Wall Street's gains on Thursday on hopes the coronavirus pandemic is nearing a peak and that governments would roll out more stimulus measures.



4 years ago

After pandemic, Fed policymakers see slow U.S. recovery

The U.S. economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federal Reserve policymakers are also warning of a slugging recovery once the pandemic subsides.



4 years ago

Mexican president lashes out at companies over layoffs, taxes as big business seethes

Mexico's president threw himself into a new confrontation with businesses on Wednesday, accusing big companies of not paying taxes and upbraiding others for laying off workers during the coronavirus crisis.



4 years ago

Crude futures climb ahead of OPEC+ meeting

Crude futures rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with the coronavirus-driven collapse in global oil demand.



4 years ago

Risk currencies buoyed by cautious hopes pandemic is peaking

Risk-sensitive currencies climbed on Thursday on budding optimism the coronavirus pandemic may be peaking although the euro was dented by the European Union's failure to agree on more support for their weakened economies.



4 years ago

U.S. finalizes minimum service rules for airlines receiving assistance

The U.S. Transportation Department on Tuesday issued final rules setting minimum service requirements for passenger airlines receiving government financial assistance.



4 years ago

Airlines cannot afford to refund cancelled tickets: IATA

Global airlines cannot afford to refund cancelled flights because of the coronavirus crisis, said the head of the industry's representative body IATA, and carriers are issuing vouchers instead as they conserve cash to survive.



4 years ago

U.S. SEC's Clayton says companies seeking bailouts must disclose plans, communicate with investors

Top U.S. Securities and Exchange Commission (SEC) official said on Tuesday said that companies in discussions about bailouts stemming from the fallout of the coronavirus should disclose where they stand to regulators.



4 years ago

Cineworld suspends dividend, defers pay to cushion virus hit; shares soar

Cineworld's shares soared 36% on Tuesday after it suspended its dividend and said it was in talks with landlords, film studios and major suppliers to offset the impact of the closure of all its 787 cinemas due to the coronavirus pandemic.



4 years ago

Your lender might let you miss a few mortgage payments. Three questions you should ask first

Lenders are allowing borrowers affected by the coronavirus pandemic to miss some of their mortgage payments. But there's more to this relief than meets the eye. What you should know.

4 years ago