More Videos by Reuters Business
Nigeria's tourism sector has been growing as Africa's biggest economy diversifies away from oil - but COVID-19 is threatening to undo what has been achieved.
OPEC and its allies led by Russia agreed on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.
Stocks rose Thursday to close out the best week for the S&P 500 since 1974 as the Federal Reserve rolled out its biggest rescue plan yet to help Main Street cope with effects of the coronavirus shutdown. Conway G. Gittens has the details.
The makers of specialized cameras to quickly scan for fevers as people enter crowded workplaces are grappling with soaring demand while confronting supply disruptions, forcing some to prioritize customers such as hospitals, executives told Reuters. T
National Securities' Art Hogan praised Fed Chair Jerome Powell for taking whatever action is necessary to ensure the economy doesn't encounter a credit crisis. Powell unveiled a $2.3 trillion effort Thursday to aid small businesses and local governme
35-year-old Excelso Sabulao is using his own car to make deliveries for Amazon and fears not only for his life but also for his parents, but he's still making deliveries during the health crisis because he can't afford not to. Conway G. Gittens has his story.
A staggering 6.6 million Americans filed for unemployment benefits last week. As Fred Katayama reports, that data came out just as the Fed unveiled a $2.3 trillion effort to aid local governments and small businesses.
British Prime Minister Boris Johnson's health is improving and has been moved out of in intensive care, where he continues to be treated for COVID-19. On the government's plate in his absence - a review of lockdown measures, and a colossal overdraft.
Global automakers reeling from the COVID-19 pandemic are accelerating efforts to restart factories from Wuhan to Maranello to Michigan, using safety protocols developed for China and U.S. ventilator production operations launched in recent weeks. Cia
Global shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices. Ciara Lee report
Wall Street rallied back Wednesday with healthcare stocks leading the way after Bernie Sanders dropped out of the 2020 race and investors were encouraged by positive statements on the coronavirus outbreak. Conway G. Gittens has the day's wrap up.
Gerber Kawasaki's Ross Gerber recommends buying stocks of video conferencing startups like Slack and Zoom over tech titans Microsoft and Cisco as people stay at home amid the lockdown.
Zoom Video Communications was slapped with a class action suit by one of its shareholders Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted.
Britain's biggest retailer Tesco has estimated that the lockdown will cost the firm up to 925 million pounds, the equivalent of 1.1 billion U.S. dollars.
CEO of Twitter and payments company Square, Jack Dorsey, said he is moving $1 billion of his equity in Square to fund COVID-19 relief efforts and eventually other causes.
Tucked away in Colorado is a community of 8,000 that one U.S. biotech company is using as a prototype for coronavirus antibody testing, that could be crucial as the U.S. fights the spread of the contagion. Gavino Garay has more.
Stocks historically spend some time churning before they mark a bottom, notes DataTrek Research co-founder Nick Colas. The cavalry came early when policymakers approved stimulus measures, but the battle isn't over yet, he adds.