U.S. home sales surged to a 13-year high in February, but the housing market recovery is likely to be derailed by the coronavirus pandemic, which has unleashed a wave of layoffs and left the economy teetering on the brink of a recession.
Walt Disney Co has delayed the March 29 launch of its Disney+ streaming service in India, where it was gearing up to open another front against global rival Netflix Inc.
The Italian Treasury currently expects the economy to contract around 3per cent this year, hit by the lockdown imposed to fight the country's coronavirus outbreak, two sources familiar with the matter told Reuters on Friday.
Asda, the British supermarket arm of Walmart , plans to hire more than 5,000 temporary workers laid off elsewhere due to coronavirus, it said on Friday.
JPMorgan Chase & Co said Friday it will give "front line employees" a one-time bonus of US$1,000, paid out in two installments in April and May, according to a memo sent to staff and seen by Reuters.
Budget carrier Norwegian Air may struggle to meet the tough conditions set by the government as part of its financial aid, raising fresh doubts about its liquidity as coronavirus inflicts more financial pain on the airline sector.
Nissan said on Friday its British car factory would remain closed until further notice over the coronavirus outbreak, having previously said it would be shut until the end of the week.
The U.S. unemployment benefits program, a key part of the safety net for the labor market, is about to face its biggest test in more than a decade.
Anglo American said on Friday it would reschedule work at mines in countries such as Chile to contain the spread of coronavirus but added there had been no material disruption on production.
Inditex could temporarily lay off all 25,000 of its shop staff in Spain if the country's state of emergency continues beyond April 15, a company official said on Friday, a sign of how the economic damage of the coronavirus outbreak could worsen.
