Desperate to sell pricey spring looks during the coronavirus lockdown, retailers are turning to social media to show their latest styles in somber, stay-at-home settings.
The Bank of England said on Thursday it will double the size of its corporate bond purchase program to at least 20 billion pounds ($24.7 billion), part of a previously announced stimulus package to help the economy during the coronavirus crisis.
Workers at many small businesses (those with under 500 employees) will soon see paid sick leave, as well as extended family leave, for certain coronavirus-related reasons. Others may not. Here's the skinny.
Production at Nissan's British factory, the country's biggest car plant, is suspended throughout April, continuing a shutdown in place since mid-March as the coronavirus outbreak continues across Europe.
"I don't care if you're a Shark. I don't care how much money you're worth. I don't care if you're a small business. People take a lot of pride in their small businesses," Robert Herjavec told CNBC.
Walmart , the world's largest retailer, has put the possible sale of a majority stake in its British supermarket arm Asda on hold until the coronavirus crisis is over, said a person familiar with the situation.
U.S. borrowers seeking a reprieve from mortgage, auto or credit card payments because of coronavirus hardships are not getting the help they expected from big banks that promised assistance in recent weeks.
Wall Street bounced on Thursday as hopes of a truce between Saudi Arabia and Russia to cut oil output drove a record 22% surge in prices, outweighing the shock of over 6 million Americans filing for jobless claims due to virus-led lockdowns.
British Airways said on Thursday it has struck a deal with its unions to suspend more than 30,000 cabin crew and ground staff in one of the airline industry's most dramatic moves yet to survive the coronavirus pandemic.
"You have to avoid these Chinese companies like the plague," Chanos said. "How many times do investors have to be burned?"
Short seller Jim Chanos warned investors about piling into "virus stocks" boosted by the coronavirus lockdown temporarily.
Nivea-maker Beiersdorf on Thursday scrapped its 2020 outlook due to the coronavirus pandemic, and also released preliminary first-quarter sales that showed a 3.6% fall from a year earlier.
Oil prices soared on Thursday after U.S. President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of oil producers to deal with the market turmoil.
Honda Motor Co said Thursday it will extend a shutdown of all U.S. and Canadian auto plant production through April 10 and at its plant in Celaya, central Mexico, until April 13, because of the ongoing coronavirus outbreak.
States are being inundated with record jobless claims and have scrambled to institute new policies, procedures and technology to manage the surge.