BBC Business News

Coronavirus: Oil prices surge on hopes of a price war truce

US President Donald Trump said he expects Saudi Arabia and Russia to strike a deal in the next few days.

Coronavirus: BA reaches deal to suspend thousands of workers

The airline will temporarily suspend more than 30,000 of its workers after reaching a deal with unions.

UK using 1.2 billion tonnes of material a year

The figure is the equivalent of 18.5 tonnes of material per person and that has increased.

Coronavirus: US jobless claims hit 6.6 million as virus spreads

More than 6.6 million Americans filed for unemployment last week as the coronavirus spreads.

Reuters UK Business

German carmakers had crisis call with Merkel - report

The bosses of Volkswagen, BMW and Daimler held a crisis call with German Chancellor Angela Merkel on Wednesday to discuss how to get production restarted, Germany's Handelsblatt newspaper reported Thursday. Ciara Lee reports

Boeing offers voluntary layoffs

Boeing CEO Dave Calhoun outlined a plan of voluntary layoffs for employees Thursday. As Fred Katayama reports, he also warned that the coronavirus pandemic would have a lasting impact on the global aerospace industry.

WeWork troubles deepen as SoftBank pulls share offer

SoftBank has pulled a $3 billion tender for more shares in WeWork, deepening troubles for the office-sharing firm. Julian Satterthwaite reports.

Jobless claims jump to another record

The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row - topping 6 million - as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic. As Fred Katayama reports, economists say that move has pushed the economy into recession.

Market Investment

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