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(Reuters) – American Airlines Group Inc (AAL.O) warns it is overstaffed by about 8,000 flight attendants and might reduce its workforce through early retirements and voluntary leaves as the carrier …
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday painted a grim picture of the U.S. economic outlook, saying that even under her best-case scenario unemployment will …
Luxury department store Harrods will axe 672 jobs, following similar cuts by Sir Philip Green’s Arcadia Group and the owner of Upper Crust and Caffe Ritazza. Harrods blamed the coronavirus …
LONDON (Reuters) – Global stocks struggled for momentum on Wednesday as improving economic data was offset by concern that surging coronavirus cases in the United States could derail the world’s …
DUBLIN (Reuters) – Ryanair (RYA.I) is planning around 3,500 job losses if it cannot agree pay cuts with its staff, the airline’s boss Michael O’Leary said on Wednesday. Europe’s biggest …
Airbus is to cut 1,700 jobs in the UK as part of a major restructuring caused by the coronavirus crisis. The France-based aeroplane maker said it was cutting 15,000 roles …
(Reuters) – The Federal Reserve’s promise in the early days of the coronavirus pandemic to flood the U.S. economy with trillions of dollars seemed like the proverbial central bank bazooka. …
(Reuters) – U.S. Federal Reserve Chair Jerome Powell on Monday said the outlook for the world’s biggest economy is “extraordinarily uncertain” and will depend both on containing the coronavirus and …
SEATTLE/WASHINGTON (Reuters) – A Boeing Co 737 MAX took off on Monday at 12:55 p.m. EDT (0955 PDT/1655 GMT) from a Seattle-area airport on the first day of certification flight …
(Reuters) – Canada’s Cirque du Soleil Entertainment Group filed for bankruptcy protection on Monday as the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off its …