India has announced a 20 trillion rupee ($264bn; £216bn) economic package to help the country cope…
Author: Robert Thomson
UK economy shrinks at fastest pace since financial crisis
The UK economy shrank at the fastest pace since 2008 in the first three months of…
Bitcoin ‘halving’: What does the much-hyped event mean?
Bitcoin has just gone through a much-hyped adjustment that reduced the rate at which new coins…
Branson to sell Galactic stake to prop up Virgin
Sir Richard Branson is selling a stake in Virgin Galactic to raise $500m to prop up…
Pandemic sends US jobless rate to 14.7%
The US unemployment rate has risen to 14.7%, with 20.5 million jobs lost in April, as…
Colombian airline Avianca files for bankruptcy in US court
Colombia’s national airline, Avianca, has filed for bankruptcy protection in a US court. Read more at…
Nintendo profits surge as ‘Animal Crossing’ game becomes fastest-selling title on the Switch
Nintendo posted solid earnings on Thursday, boosted by demand for its Switch console and popular “Animal Crossing:…
Global luxury sales could collapse up to 60% in the second quarter, consulting firm says
Global sales of luxury goods are headed for a collapse in the next few months, as…
Qatar Airways warns of ‘substantial’ job losses
Qatar Airways has warned its employees of “substantial” redundancies as it struggles with a collapse in…
Uber axes 3,700 staff as trips drop in lockdowns
Uber has announced plans to cut 3,700 full-time staff – about 14% of its workforce –…
Stocks making the biggest moves after hours: Pinterest, Mattel, Virgin Galactic and more
Check out the companies making headlines after the bell. Read more at https://www.cnbc.com/2020/05/05/stocks-making-the-biggest-moves-after-hours-pinterest-mattel-virgin-galactic-and-more.html
Airbnb cuts 25% of staff amid travel downturn
Online booking platform Airbnb is planning to cut 25% of its staff as it grapples with…