Business & Finance News
Video conferencing provider Zoom plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts, a company official said on Friday.
U.S. pipeline operator Energy Transfer LP will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business.
Zoom , the video conferencing provider whose business has boomed with the COVID-19 pandemic, plans to strengthen encryption on video calls made by paying clients and institutions like schools, but not for users of its popular free accounts, a company official said Friday.
Lufthansa’s management board accepted a more favourable set of demands made by the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared.
United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
Southwest Airlines Co Chief Executive Officer Gary Kelly said on Friday he expects a “brutal low-fare” environment when traffic returns after coronavirus-induced restrictions ease.
The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday.
Germany and Brussels have reached a preliminary agreement in the ongoing row over the 9 billion euro ($10 billion) bailout of carrier Lufthansa , two people familiar with the matter said.
A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington’s special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China.
A United Nations aviation-led task force is urging airlines, airports and countries to come up with a uniform approach to flying safely during the coronavirus pandemic, although it stopped short of providing specific requirements for the hard hit industry’s recovery.
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared.
The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.S. president Donald Trump said on Friday, ratcheting up pressure on the firms to comply with U.S. accounting and disclosure rules.
United Airlines Holdings Inc said on Friday it will be eliminating 13 officer positions as it consolidates roles and restructures some key departments to address the severe financial impact of the coronavirus crisis on its business.
The S&P ended a choppy session higher on Friday after President Donald Trump made comments on China that were less worrisome for the U.S. economy than investors apparently had feared.
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