The boss of British Airways said its parent company IAG was burning through 178 million pounds ($223 million) a week and could not guarantee its survival, prompting him to urge unions to engage over 12,000 job cuts.
Wall Street retreated on Thursday as investors hit the pause button in advance of Friday's jobs report, capping a four-day rally driven by rising economic sentiment.
U.S. senators announced a bill on Thursday expanding sanctions on Russia's Nord Stream 2 natural gas pipeline and targeting the project Washington says will boost Moscow's economic and political influence in Germany and other European countries.
The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue, government and airline officials said.
Oil prices were little changed in choppy trade on Thursday as investors awaited a decision from top crude producers on whether to extend record output cuts.
Another 1.9 million people filed for unemployment benefits for the first time last week, according to data released by the Labor Department on Thursday, marking 11 straight weeks in which millions of Americans have filed claims for jobless benefits.
Shares of Slack Technologies dipped 3% on Thursday ahead of the workplace communication platform's quarterly report, pausing a three-month rally fueled by millions of people working from home due to the coronavirus.
Bayer AG has been blocked from selling an agricultural weed killer in the United States, the latest setback for a business already fighting an expensive legal battle over another product.
U.S. President Donald Trump on Thursday is expected to sign an executive order that would give federal agencies emergency powers to fast-track major energy and other infrastructure projects by overriding environmental permitting requirements, two sources familiar with the proposal said.
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