Swiss supervisor FINMA has received cryptocurrency project Libra's application for a payment system licence, it said on Thursday, after the Geneva-based association announced a major revamp of its planned payments system and oversight by global watchdogs.
Some businesses are still weighing whether to adopt changes that give participants easier access to their 401(k), while other plans have paused company contributions to workers' accounts.
Air traffic in Latin America in April has fallen 91% compared to a year earlier due to the coronavirus outbreak that fully grounded two of the region's largest airlines and canceled almost all other flights, industry group ALTA said on Thursday.
Italy's budget deficit will be near 10% of gross domestic product this year, a senior government official told Reuters, as Rome increases borrowing to try to soften the impact of the new coronavirus and the economy plunges into a deep recession.
Oil prices slid, with U.S. crude on track for its lowest close since 2002, after OPEC lowered its global oil demand forecast due to the plunge in demand delivered by the coronavirus outbreak.
Japanese automaker Nissan Motor Co said Thursday it will extend a shutdown of U.S. manufacturing plants until mid-May, citing the ongoing impact of the COVID-19 pandemic.
"Every time someone comes on 'Shark Tank,' they're full of hope and they're full of optimism," Robert Herjavec told CNBC.
Italian trade unions said on Thursday they had agreed with CNH Industrial on health and security measures so the vehicle maker is ready to resume work as soon as lockdown rules are eased.
World stock markets seesawed while bond yields retreated on Thursday as dire U.S. jobless data underscored a deepening downturn amid the coronavirus pandemic and tamped down investor hopes a listless economy would soon be back on its feet.
During the early days of March, Jill Fopiano was having trouble sleeping, waking up at 3 o'clock in the morning, maybe 4 o'clock. She'd been watching news of a virus in China, first out the corner of her eye – was this like swine flu? – then more squarely, as headlines rushed in about outbreaks on the west coast of America. Fopiano wondered, in the darkness, if she should shut down her office in Boston's upscale Back Bay neighborhood.
Canada's privately held WestJet Airlines is laying off 1,700 pilots amid travel bans to curb the COVID-19 pandemic, according to a company memo seen by Reuters on Thursday.
U.S. small businesses may need as much as $500 billion a month to fully ensure their survival through the widespread closures and disruptions slamming their revenue during the coronavirus crisis, Atlanta Federal Reserve bank President Raphael Bostic said Thursday.
A $350 billion emergency U.S. loan program to help small businesses keep workers on their payrolls amid the novel coronavirus disruption has run out of funds, the U.S. Small Business Administration said on Thursday.
Maybelline make-up manufacturer L'Oreal said on Thursday it was counting on a quick recovery in cosmetics demand once global lockdowns to combat the coronavirus pandemic ease, pointing to a recovery already under way in China.
Millions of Americans may have had their coronavirus stimulus payments held up by glitches if they were customers of tax preparation services, according to one new report. Here's why those payments could have been delayed, and what one major tax preparation service is saying about the issue.