The coronavirus pandemic will turn global economic growth "sharply negative" this year, the head of the International Monetary Fund (IMF) has warned.
British Airways is expected to announce it will suspend around 36,000 staff. The airline, which grounded much of its fleet due to the coronavirus crisis, has been negotiating with the Unite union for more than a week.
Virgin Atlantic has confirmed it has been forced to operate some near-empty flights after bookings were dented by the coronavirus outbreak.
The International Monetary Fund has announced $50bn (£39bn) of support for countries hit by the coronavirus.
HSBC has said its profits for 2019 fell by 33%, mainly due to its investment and commercial banking operations in Europe.
U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment.
The US and China have signed an agreement aimed at easing a trade war that has rattled markets and weighed on the global economy.
WASHINGTON – The national debt surpassed $22 trillion for the first time on Tuesday, a milestone that experts warned is further proof the country is on an unsustainable financial path that could jeopardize the economic security of every American.
The U.S. economy added 213,000 jobs in June while the unemployment rate rose to 4%, according to the latest figures from the Bureau of Labor Statistics.
Shares in European carmakers took a hit on Friday, after US President Donald Trump redoubled his threats of tariffs against their cars.
Russia's unmanned Luna-25 spacecraft has crashed into the Moon after spinning out of control, officials say.
Donald Trump has confirmed that he will not take part in Republican presidential debates with his rivals in the race for the White House.