Supercar maker McLaren to cut 1,200 jobs amid pandemic: Sky News
Surrey-based supercar maker McLaren is cutting about 1,200 jobs from its workforce as it deals with the COVID-19 pandemic, Sky News reported on Tuesday.
Surrey-based supercar maker McLaren is cutting about 1,200 jobs from its workforce as it deals with the COVID-19 pandemic, Sky News reported on Tuesday.
AXA said on Tuesday it would meet the bulk of business interruption claims from some restaurant owners in France after it lost a court case that was seen as a potential precedent for coronavirus-related disputes across the world.
As U.S. businesses reopen, worried workers and their advocates are borrowing a legal strategy commonly used to shut down rowdy topless bars to try and force employers to strengthen protection against further spread of the coronavirus.
The novel coronavirus outbreak and economic fallout is proving to be a bonanza for whistleblower lawyers as the U.S. securities regulator cracks down on a range of related misconduct from companies touting sham cures to misuse of federal aid.
Norway's Equinor ASA and Anglo-French firm Perenco are among at least five oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources.
But it's too soon to tell whether small caps can hang onto recent gains, traders say.
LATAM Airlines Group SA filed for U.S. bankruptcy protection on Tuesday, becoming the largest carrier to seek an emergency reorganization amid the coronavirus crisis.
British supercar maker McLaren Group said on Tuesday it would cut 1,200 jobs under a proposed restructuring programme as it deals with the impact of the COVID-19 pandemic.
Even amid the coronavirus crisis and sky-high unemployment rates, the number of college students applying for financial aid falls.
Qatar Airways said on Twitter on Tuesday that it planned to fly a summer schedule to over 80 destinations worldwide.
World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors shrugged off Sino-U.S. tensions to focus on more stimulus in China and a re-opening world economy.
Macy's Inc said on Tuesday it planned to raise $1.1 billion in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed under a revolving credit facility.
The European Central Bank (ECB) is drafting contingency plans to carry out its multi-trillion bond-buying programme without the Bundesbank in case Germany's top court forces the main participant in the scheme to quit, four sources told Reuters.
As more businesses reopen amid the coronavirus pandemic, dental practices are considering enhanced measures to clean their facilities and equipment, as well as protect their patients and staff.
U.S. stock futures surged on Tuesday as business restarts and optimism about a potential coronavirus vaccine helped investors returning from a long weekend to overlook Sino-U.S. tensions.