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British Airways to cut a quarter of pilots

In the letter to pilots, BA notes that some of its rivals overseas are facing tough competition. Its story added that, in a separate letter to air crew, the a...

Warren Buffett's Berkshire Hathaway loses $50B during coronavirus pandemic

The meeting was held virtually for the first time due to the COVID-19 pandemic. Berkshire Hathaway, the giant conglomerate holdings firm headed by Warren Buff...

Buffett's firm plans online event after reporting US$50B loss

But he said Americans have persevered and prospered through such crises as the Civil War in the 1860s, the influenza pandemic a century ago and the Great Depr...

Walmart announces employee bonuses, hiring surge complete — Business Briefs

Employees of Texas Walmart stores received bonuses Thursday totaling $18.87 million as part of a nationwide payout of $180 million in employee bonuses. Donna Mo...

Warren Buffett sells all shares in major airlines amid $50bn loss

But it won't be in U.S. airlines, after Buffett confirmed that Berkshire in April sold its "entire positions" in the four largest: American Airlines Group Inc, ...

Dow plunges over 600 points as sell-off accelerates

Shares of Amazon fell about 7.2%. The S&P 500 presently stands at 2,905, down 1.2% from Wednesday's close as stocks face headwinds Thursday afternoon. Tesla...

European Central Bank holds euro zone interest rates steady

The idea is to support banks so they can keep lending to businesses, thereby helping the economy, which contracted by a record 3.8% in the first three months of...

Company behind rapid testing set to be used in Alberta recalls devices

She said, however, tests like the Spartan Bioscience rapid-testing device would allow rural and remote communities to become more independent of public health l...

Coronavirus can not stop America or Berkshire Hathaway, says Warren Buffett

On Saturday afternoon, Buffett plans to lead an abbreviated online version of Berkshire's annual meeting without any of the roughly 40,000 shareholders who typi...

Coronavirus: Some Essential Workers Expected To Strike In Mass May Day Protest

A vehicle at an April 27 rally in Virginia in support of poultry processing plant workers. Photo (c) krblokhin - Getty ImagesAcross the USA on Friday, throngs...

Buffett says Berkshire is reversing course on airlines - again

During a live-streamed podcast Saturday for Berkshire Hathaway's annual meeting, Buffett said it "was a mistake " to invest so much into airlines during a ti...

Billionaire Warren Buffett's company reports Q1 loss of US$50 bil

Abel nonetheless said that in five years, "we see our employment numbers being far greater than they are today". "This time we just pulled the train off the t...

FDA Again Gives Emergency OK to New Tool

The Elecsys Anti-SARS-CoV-2 test is created to determine if a patient has been exposed to the coronavirus and has developed antibodies against it, Roche said ...

Russia registers more than 10,000 new coronavirus infections in 1 day

Moscow mayor Sergei Sobyanin issued an appeal on Saturday to Muscovites to continue to self-isolate. Fifty-eight people died over the last 24 hours, bringing...

Round two PPP numbers show greater focus on smaller loans, banks

As The Post reported on Thursday, many local businessmen were anxious to hear the news after losing funding for the first round while a number of state-owned en...

Romney proposes 'Patriot Pay' raise for essential workers fighting coronavirus

Employers would have to prove that workers would be in conditions that increased their exposure to the coronavirus to qualify for the bonus. As an example o...

United makes face masks obligatory for all passengers

The shift comes after JetBlue announced a similar policy Monday. Some supplies will be available for those who forgot a mask. Delta and United's new r...

Crude Oil Prices Jump 10% On Signs Of Demand Recovery

It is the second consecutive session of gains for the crude oil benchmarks that had experienced major plunge last week. Hong Kong - Oil prices rose Friday as ...

Government Promises New National Airline

But the courts may yet pronounce on the validity of the process to wind down or liquidate SAA in the absence of a business rescue plan, as the National Union of...

Warren Buffett's company reports Q1 loss of $50 bln

Billionaire investor Warren Buffet said Saturday he's confident the U.S. economy will bounce back from its pummeling by the coronavirus pandemic because "Am...

European Central Bank launches new lending facility, but holds rates

The former International Monetary Fund chief and French finance minister also reiterated her longstanding plea for governments to flank the ECB's easy-money pol...

Amazon, Target, Instacart workers stage U.S. protests on May Day

Photo (c) krblokhin - Getty ImagesAcross the US on Friday, throngs of workers at Amazon warehouses, Target and Whole Foods stores, and shoppers for Instacart an...

Warren Buffett says 'nothing can stop America — Berkshire Hathaway AGM

Berkshire Hathaway Inc sold its entire stakes in the four largest US airlines in April, Chairman Warren Buffett said Saturday at the company's annual meeti...

Finance Minister Morneau announces Tiff Macklem as new Bank of Canada governor

Macklem was one of four members of a panel on sustainable finance put together by Prime Minister Justin Trudeau's government a year ago. Tiff Macklem, dean of...

Buffett's firm reports almost $50B loss as investments drop

Among those was billionaire investor Warren Buffett, who announced Saturday that it was a "mistake" to make such a gamble during the pandemic. The two men l...

Three deaths, 190 new cases of coronavirus confirmed in Alberta

Deena Hinshaw said the province has seen 190 new known cases of coronavirus in the past 24 hours. These numbers will be closely watched to inform restrictions t...

Up to 3000 jobs to go at Ryanair

Ryanair bought the Austrian airline from Former Formula One racing champion Niki Lauda in 2018 as part of a move to a broader structure with several airline...

Warren Buffett's Berkshire Hathaway Reports Q1 Loss of $50 Billion

Most of Berkshire's businesses have been hurt by the pandemic, with effects so far ranging from "relatively minor to severe", and revenues of businesses deemed ...

Oil rises further above $26 as OPEC+ begins record cuts

Brent futures LCOc1 for July eased 50 cents, or 1.9%, to $25.98 by 11:56am ET (1556 GMT). Western Canada Select (WCS) heavy blend crude for June delivery in H...

Boris Johnson and Carrie Symonds announce name of baby son

In a post shared on Ms Symonds" Instagram, the first-time mother was seen tightly cradling her son, who sported a full head of hair not dissimilar to that of hi...