Page 1344 - Reuters

As slowdown bites, Airbnb seeks extension of $1-bn debt facility from banks

Airbnb's revenue in 2019 exceeded $4.8 billion, up 35% on year, excluding any foreign exchange impacts

New York sees glimmer of progress against coronavirus, New Orleans worsens

The rate of hospitalizations in New York has slowed in recent days, Cuomo said, with numbers he called "almost too good to be true." But he said much more work needed to be done

Wall Street bonuses to plunge 30%, layoffs likely as Covid-19 hits markets

Johnson did not estimate cuts to specific businesses, but he said headcount could be reduced by up to 10% and could include retail divisions

Covid-19 impact: Amazon won't require sellers to repay loans until April 30

Merchants of popular items from toys to apparel have worried that the temporary ban on stocking goods in Amazon warehouses

Cybersecurity experts come together to fight coronavirus-related hacking

One of four initial managers of the effort, Marc Rogers, said the top priority would be working to combat hacks against medical facilities and other frontline responders to the pandemic

S&P 500 rallies for second day as investors await $2 trillion aid package

The Dow Jones Industrial Average rose 2.39% to end at 21,200.55 points, while the S&P 500 gained 1.15% to 2,475.56

Flipkart to resume sales of products after assurance on staff's safety

Flipkart halted all shopping on its website and mobile app early on Wednesday, only hours after PM Narendra Modi ordered a 21-day nationwide lockdown to counter the spread of the coronavirus

Indian LNG importers issue force majeure notices as gas demand slumps

Top gas importer Petronet LNG has served a force majeure notice on Qatargas and is seeking delayed delivery of cargoes.

Govt likely to unveil Rs 1.5 trn stimulus for coronavirus downturn: Report

The stimulus plan could be as large as Rs 2.3 trillion, but final numbers were still in discussion, says the report

Covid-19: India's outsourcing sector struggles with work-from-home scenario

That raises questions about whether one of India's showpiece industries can function smoothly amid the coronavirus crisis.

Boeing planning to restart production of 737 MAX by May, says Report

Boeing ceased production of the jet in January as it struggled to win regulatory approvals and accrued a backlog of 400 undelivered jets

One-fifth of US firms in China resume normal ops amid Covid-19: Survey

"This is one of the areas that I think provides some sense of optimism," the chamber's president, Alan Beebe, said at a news conference accompanying the survey's release

Covid-19 rate cuts to tug most Asian bond yields even lower: Reuters poll

Stock markets have also plummeted amid fears the global lockdown to contain the virus has tipped the world economy into a recession from which it will take year to recover.

India axes royalties paid by local seed companies to Bayer for GM cotton

The decision could dissuade other foreign seed companies from scaling up their investment in the sector

German conglomerate Thyssenkrupp to cut 3,000 jobs at steel unit by 2026

Jobs will be cut in a socially responsible way, with no forced layoffs until March 31, 2026, Thyssenkrupp said.

Dow Jones soars over 11% in strongest one-day performance since 1933

All three main US stock indexes rebounded strongly from Monday's brutal selloff as the coronavirus outbreak forced entire nations to shut down

Amazon raises overtime pay for warehouse staff, Bezos 'ocused on COVID-19'

Hourly workers at Amazon's US warehouses will receive double pay after 40 hours for overtime.

City migrants flee to villages as coronavirus measures take a hit

On Saturday, hundreds of people, many young men wearing masks and lugging backpacks, jostled in long queues to board trains at Mumbai's Lokmanya Tilak Terminus station

Covid-19: South Asian govts impose nationwide curfews, tighten border

Bracing for the inevitable, India is scaling up testing.

Covid-19: Starbucks closes most cafes in US, Canada, moves to drive-through

Exceptions to the closure would be made for cafes serving in or around hospitals and health care centers