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BUSINESS HEADLINES
›  Coronavirus raises stakes as auto unions ready for a fight
The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe's auto industry is to manage a shift to low-emission vehicles.
›  Audi boss to head carmaker's R+D division: sources
Markus Duesmann, the head of Audi , will also head the research and development division at German carmaker Volkswagen's premium brand, two sources told Reuters on Thursday.
›  Chanel warns virus impact will linger on luxury sector
The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.
›  IMF says deeper-than-expected contraction in U.S. economy likely in second quarter
A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in gross domestic product in the second quarter, the IMF said on Thursday.
›  Prudential sells Jackson equity stake to Apollo-backed Athene for $500 million
Prudential sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first phase of its plan to create an independent U.S. business.
›  S&P 500, Dow dip on rising virus cases, elevated jobless claims
The S&P 500 and Dow retreated on Thursday as an uptick in coronavirus infections in parts of the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated.
›  Oil prices broadly stable after mixed U.S. data
Oil prices were broadly stable on Thursday after dipping in and out of positive territory as bulls took their cue from shrinking U.S. oil product stocks and bears looked at rising crude stocks and new coronavirus cases.
›  U.S. labor market recovery stalling; second wave of layoffs underway
The number of Americans filing for unemployment benefits fell last week, but the pace of decline appears to have stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.
›  Vans, not glamorous, but key as EU weighs autos mega-merger
Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.
›  Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.
›  Wirecard scrambles to find missing $2.1 billion as loan crunch looms
Wirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm warned the delay could cause billions in loans to be called in as early as Friday.
›  Factbox: German payments firm Wirecard and its missing billions
Billions of euros of loans to Wirecard could be called in as early as Friday after the German payments company said its auditor had refused to sign off on its 2019 accounts, knocking more than half the value off its shares on Thursday.
 

  US NEWS
  Top Story   Other Headlines
 
Portraits of former Confederate House speakers to be removed: Pelosi
Portraits of four former House of Representatives speakers who served the Confederacy will...
 
›  Juneteenth, reparations and African-American history with Keisha N. Blain
›  U.S. Supreme Court blocks Trump bid to end 'Dreamers' immigrant program
›  Factbox: Who are the immigrant 'Dreamers' affected by the U.S. Supreme Court ruling?
›  Top Pentagon official Wheelbarger resigns, urges colleagues to be guided by U.S. Constitution
›  New York City to enter phase two of reopening on June 22: mayor
›  Atlanta officer says not 'state's witness' in Rayshard Brooks case, contradicting prosecutor
  WORLD NEWS
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UK says EU trade deal will be difficult if no progress before October
Britain warned the European Union on Thursday that it would be difficult to conclude a Bre...
 
›  Fearing 'autumn of discontent', EU to seek unity on recovery plan
›  Russian aircraft active in Libya, AFRICOM says
›  Burundi's incoming president vows to unite nation isolated over rights abuses
›  Macron visits London to mark de Gaulle's WW2 resistance call and talk Brexit
›  U.N. mulls proposal to reopen Iraq crossing for pandemic aid to Syria
›  Former Pope Benedict leaves Vatican to visit ailing brother in Germany
  SPORTS
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Djokovic says important all players free to travel to U.S. Open
World number one Novak Djokovic says he is excited by the prospect of playing at the U.S. ...
 
›  Alcott slams U.S. Open 'discrimination' over wheelchair omission
›  On this day: Born June 19, 1978 - Dirk Nowitzki, NBA player
›  Le Mans schedule condensed due to pandemic
›  Water polo: Hungary's triple Olympic champion Benedek dies at 47
›  Soccer: Players take a knee as Premier League restarts
›  CONMEBOL, Colombia complain to FIFA about 2023 World Cup bid report
  BUSINESS
  Top Story   Other Headlines
 
Coronavirus raises stakes as auto unions ready for a fight
The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with ...
 
›  Audi boss to head carmaker's R+D division: sources
›  Chanel warns virus impact will linger on luxury sector
›  IMF says deeper-than-expected contraction in U.S. economy likely in second quarter
›  Prudential sells Jackson equity stake to Apollo-backed Athene for $500 million
›  S&P 500, Dow dip on rising virus cases, elevated jobless claims
›  Oil prices broadly stable after mixed U.S. data
  ENTERTAINMENT
  Top Story   Other Headlines
 
Lebanese film director keeps faith after COVID-19 dashes Cannes dreams
Many directors would have been devastated when their plans to show their fi...
 
›  DC superheroes coming to your headphones as Spotify signs podcast deal
›  Vera Lynn, voice of hope in wartime Britain, dies at 103
›  Grief over virus deaths sets Hungarian artist on darker course
›  Locked-down puppeteer brings her characters to life in Madrid flat
›  Hong Kong's Disneyland reopens after five-month coronavirus break
›  From Asia to Africa, 'Sesame Street' special tackles coronavirus pandemic
  TECHNOLOGY
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Amazon, Valentino file joint lawsuit over shoes counterfeiting
Italian luxury brand Valentino and Internet giant Amazon have filed a joint lawsuit agains...
 
›  DC superheroes coming to your headphones as Spotify signs podcast deal
›  UK ditches COVID-19 app model to use Google-Apple system
›  Russia lifts ban on Telegram messaging app after failing to block it
›  Europe threatens digital taxes without global deal, after U.S. quits talks
›  Germany wants to rescue talks with U.S. on digital services tax
›  Shunning international tax talks could trigger trade war: OECD
  LIFE
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George III's gold Breguet watch to be auctioned in London
A gold Breguet watch of George III, the British king who was forced to accept American ind...
 
›  Designers fashion a go-slow future for catwalks and collections
›  Thailand's roving dog groomer back in business
›  Slovenia wins its first Michelin stars
›  France's Givenchy names Matthew Williams as new designer
›  Need a bit more human contact? So do London Zoo's gorillas
›  They call it puppy love: Lockdown Britain sees surge in demand for dogs
       
 


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