UK’s COVID-19 death toll tops 38,000, worst in Europe
LONDON (Reuters) – The United Kingdom’s COVID-19 death toll topped 38,000 as of early May, by far the worst yet reported in Europe, raising questions about Prime Minister Boris Johnson’s…
WeWork directors seek to preserve right to sue owner SoftBank
(Reuters) – A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner…
Wall Street Week Ahead: U.S. data deluge to underscore divide between roaring market, plunging economy
NEW YORK (Reuters) – A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth,…
Coronavirus deals U.S. economy Great Depression-like job losses, high unemployment
WASHINGTON (Reuters) – The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, laying bare both the economic and human…
Green hydrogen’s time has come, say advocates eying post-pandemic world
LONDON (Reuters) – Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance…
Michigan, California move to reopen factories as U.S. jobless ranks grow
DETROIT/SACRAMENTO, Calif. (Reuters) – Michigan and California, two U.S. manufacturing powerhouses, acted on Thursday to allow factories to reopen from coronavirus lockdowns over the next few days, as millions more…
Uber sees rides recovering from coronavirus lows, banks on food-delivery momentum
(Reuters) – Uber Technologies Inc’s (UBER.N) ride service bookings slowly recovered in recent weeks as the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a…
Michigan governor allows coronavirus-hit manufacturers to reopen on May 11
(Reuters) – Michigan Governor Gretchen Whitmer on Thursday said the state’s factories can reopen on May 11, removing one of the last major obstacles to North American automakers bringing thousands…
U.S. unemployment rolls seen swelling as coronavirus restrictions bite
WASHINGTON (Reuters) – Millions more Americans likely sought unemployment benefits last week, suggesting a broadening of layoffs from consumer facing industries to other segments of the economy and could remain…
Wall Street rises as lockdowns ease, healthcare shares jump
(Reuters) – Wall Street’s main indexes gained on Tuesday as healthcare stocks rallied, oil prices surged and a number of countries and U.S. states eased coronavirus-induced restrictions in an attempt…