Top brewer AB InBev sees worse ahead, but hope in China
The world's biggest brewer, AB InBev, says it sees signs of a rebound in China, but warns the next quarter will still be worse overall. Julian Satterthwaite reports.
3.2 million more Americans seek jobless benefits
Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen. This report produced by Yahaira Jacquez.
Pfizer, BioNTech race to test vaccines
Pfizer's chief scientific officer tells Reuters his company got a head start on vaccine development for the coronavirus because it had already been working for two years on the flu with its German partner, BioNTech. Fred Katayama reports.
Air France-KLM and Rolls-Royce eye job cuts
Air France-KLM and jet engine maker Rolls-Royce are considering job cuts as lockdowns take a toll on first-quarter earnings. Francis Maguire reports.
Bank of England predicts worst slump in 300 years
The Bank of England says the UK faces its worst slump in 300 years, but on Thursday held off from any moves on rates or bond buying. Julian Satterthwaite reports.
'Animal Crossing' helps Nintendo smash Switch sales forecast
Japan's Nintendo said Thursday it sold 21 million Switch units in the year ended March, smashing its forecast of 19.5 million units, with hit title Animal Crossing: New Horizons shifting 13.4 million units in its first six weeks. Ciara Lee reports
Fine dining in glass booths
A Dutch restaurant has come up with an idea on how to offer classy outdoor dining in the age of social distancing: small glass cabins built for two or three people, creating intimate cocoons on a public patio. Emma Jehle has more.
Africa Now: Senegal’s startup scene
Senegal is quickly becoming a tech hub leader in Francophone West Africa, having raised $22 million in investments for tech and digital companies in 2018, according to Partech, a global investment platform. However, the business ecosystem in the region remains beset by a critical funding gap.
Trade worries drive Dow, S&P down
The S&P 500 and the Dow fell on Wednesday but the Nasdaq ended higher. The indexes pulled back late in the session after U.S. President Donald Trump said China may or may not keep a trade deal between the two countries. Fred Katayama reports.
Avoid small caps but bet on REITs: advisor
Wealth Enhancement Group's Nicole Webb says small cap stocks make good bets emerging from a recession but not amid the current market volatility.
Facebook names first members of content oversight board
Facebook's new content oversight board will include a former prime minister, a Nobel Peace Prize laureate and several constitutional law experts and rights advocates in its first 20 members.
Caribbean islands fear grim tourist season after Irma
Hurricane Irma’s deadly tear through the Caribbean will hobble the region’s multi-billion dollar tourism industry for months, just as hotels, airlines, and cruises were gearing up for the region’s peak winter season.
The Met showcases Islamic art as a response to Trump's Muslim ban
The Metropolitan Museum of Art in New York leads Islamic art tours to improve understanding of its contributions to the world heritage. Fred Katayama reports.
United CEO testifies before House committee
The chief executive of United Airlines sat down before a House panel on Tuesday to testify about the forced removal on April 9 of a passenger from a Chicago flight, an incident that drew international condemnation.
London's Tate Modern to open new wing
Britain's Tate Modern gallery in London reveals additional building called the 'Switch House' which will open to the public on June 17.
Stolen ancient sculpture returns to Italy
A marble head of the Roman Emperor Octavian Augustus, stolen in Italy in the 1970s, has been returned to Italy by a museum in Belgium. Sharon Reich reports.
Top hedge fund managers take home $13 bln
The 25 biggest hedge fund earners took home a combined $13 billion last year, despite mediocre returns.
Schiphol airport closed briefly on security threat
Amsterdam's Schiphol Airport was closed briefly as police investigated a suspicious situation. Julie Noce reports.
NIH's Fauci: No Zika infections contracted within U.S.
Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Disease, says all of the Zika infections in the United States were contracted outside the country. Rough Cut (no reporter narration)
It's about time-TTPM's Silver on Mattel's new Barbies
Toy industry expert Jim Silver, CEO of TTPM talks about Mattel's new Barbies which will come in petite, tall and curvy and how they will impact falling barbie sales. Bobbi Rebell reports.
Therapy dogs calm stressed out holiday travelers
A non-profit organization brings dogs to the Buffalo/Niagra airport to help relieve the stress of holiday traveling. Diane Hodges reports.
AstraZeneca's $4 billon Xmas present
M&A in the pharma sector marches on unabated - AstraZeneca buying a 55 percent stake in biotech Acerta Pharma for $4.0 billion to give it new cancer drugs. Hayley Platt reports.
Private bridge links U.S.-Mexico
A terminal in the U.S. is now linked to the Tijuana International Airport via a cross-border bridge. Julie Noce reports.
RBS: misconduct charges could be higher
RBS reports a £134 million third quarter operating loss and warns costs relating to past misconduct could be substantially higher than expected. Meantime France's BNP Paribas posts a 14.5 per cent rise in net income. It comes a day after Deutsche Bank said it would be slashing 15,000 jobs. Analysts say despite the upheaval, the medium term outlook for investment banks is positive. Hayley Platt reports.
US Airways makes final flight
US Airways flight 1939 lands in Philadelphia, marking the last flight for the airline which merged with American Airlines. Katharine Jackson reports.
Southwest flights delayed by online booking glitch
Frustrated Southwest Airlines customers have been forced to wait in long lines for a second day as the airline tries to solve a technical problem with its electronic booking system. In the meantime, passengers are being told to prepare for delays. Katharine Jackson reports.
Oktoberfest: Bavarian costumes, bands and beer
Thousands of Oktoberfest visitors attend the traditional parade of people in Bavarian costumes that marks the second day of the rowdy party. Sharon Reich reports.
Inflatable maze enchants visitors in Geneva
An inflatable luminous maze called the 'Luminarium Arboria' proves to be a relaxing summer activity in Geneva. Rough Cut (no reporter narration).
Robots run the show at Japanese hotel
Robots welcome guests at the check-in counter, carry baggage and operate a locker room at a Japanese amusement park hotel. Sharon Reich reports
Connectivity for pilots, passengers on display at Paris Airshow
Ground-breaking aviation technology is on display at this week's Paris Airshow. Jim Drury went to take a look.
Japan's maglev train smashes world speed record
Central Japan Railways says its magnetically levitating train has broken its previous world speed record in a test-run at a special track West of Tokyo. Rob Muir reports.
Stocks rebound helped by bank rally
Stocks moved higher in Thursdays trading session; Retail sales fell for the third straight month; Houshold net worth hit a new record. Bobbi Rebell reports.
Travel misery as Lufthansa pilots strike again
German flagship carrier Lufthansa cancels nearly half of scheduled services as pilots continue two-day strike, their ninth walkout this year
Market Mover: easyJet volatile as profits jump
The low-cost carrier’s shares have a choppy morning as it reports a solid jump in annual profits and a 35% hike in its dividend.
London tops global ambition league with Crossrail – Chairman
Roman skulls and ancient burial grounds – some of the history unearthed by Europe’s largest infrastructure project. We talk to chairman Terry Morgan as the project makes its final tunnel push.
Alibaba details biggest market debut in history
Chinese e-commerce company Alibaba set the stage for the biggest IPO ever as it looks to raise $21 billion sometime in September. Conway G. Gittens reports.
Mark Levinson Introduces № 5105 Turntable at CES 2020
Las Vegas, Nev. — HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, is introducing the Mark Levinson № 5105 Turntable at CES 2020. The №...
U.S. FDA grants emergency use authorization to Quidel for first antigen test for COVID-19
The U.S. Food and Drug Administration (FDA) on Saturday approved emergency use authorization (EUA) to Quidel Corp for the first COVID-19 antigen test.
REFILE-South Africa suspends use of Land Bank debt as collateral after default
South Africa's central bank has temporarily prohibited the use of debt issued by the Land Bank as collateral after the state agricultural lender was downgraded deeper into junk status and missed $2.7 billion in loan repayments.
Protesters demand closure of LG Polymers plant in India after toxic gas leak
Villagers placed the bodies of three victims of a deadly gas leak from an LG Polymers plant in southern India at the gates of the site on Saturday, and demanded the factory be shut down immediately and its top management arrested.
UPDATE 1-Britain to quarantine travellers for 14 days, UK airlines association says
* Airports say it could be devastating for aviation industry (Adds details, changes sourcing)
UPDATE 1-"Europe needs a break": EU plots to restart travel and tourism despite COVID
* Tourism, travel, hospitality business hit the hardest by COVID
Nearly 90 coronavirus cases reported at Polyus unit in Siberia
Nearly 90 cases of the novel coronavirus have been recorded among employees of Polyus Krasnoyarsk, a unit of Russia's largest gold producer Polyus , the regional branch of Russia's consumer health watchdog said on Saturday.
EU Commission calls for state guarantees for vouchers for cancelled travel
The European Commission will tell countries in the European Union to provide state guarantees for travel vouchers during the coronavirus pandemic, if they prefer people to accept the vouchers instead of cash refunds, according to a strategy document seen by Reuters.
Bankruptcy court approves Neiman Marcus' plea to access financing
U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow continuity of the company's business during Chapter 11 bankruptcy proceedings and enable it to pay employees and vendors.
BRIEF-Eli Lilly Receives U.S. FDA Approval For Retevmo
* LILLY RECEIVES U.S. FDA APPROVAL FOR RETEVMO™ (SELPERCATINIB), THE FIRST THERAPY SPECIFICALLY FOR PATIENTS WITH ADVANCED RET-DRIVEN LUNG AND THYROID CANCERS
UPDATE 1-Pfizer to outsource some drug production, focus on coronavirus vaccine
Pfizer Inc said on Friday it is in talks to shift more of its medicine production to outside contractors as it prepares for large-scale production of an experimental vaccine to prevent COVID-19, should it prove safe and effective.
UPDATE 3-Mexico to unveil economic restart next week after coronavirus lockdown
Mexican President Andres Manuel Lopez Obrador said on Friday he aims to present plans next week to reopen the economy, as key sectors like carmaking look to begin business again after over a month of quarantine measures to curb the coronavirus outbreak.
UPDATE 1-Republicans urge Trump to bar banks from shunning fossil fuel loans
A group of Republican lawmakers from energy-producing states on Friday called on President Donald Trump to prevent banks from halting loans and investments with companies that produce oil and other fossil fuels while they have access to federal assistance programs during the COVID-19 pandemic.
UPDATE 2-IMF's Georgieva downbeat on global economic forecast, warns against protectionism
The head of the International Monetary Fund on Friday signaled a possible downward revision of global economic forecasts, and warned the United States and China against rekindling a trade war that could weaken a recovery from the coronavirus pandemic.