Business News

HSBC is resuming a massive redundancy plan it had put on ice following the outbreak of coronavirus, and will cut 35,000 jobs over the medium term, a memo seen by Reuters on Wednesday showed.

South Africa's Massmart expects its half-year loss to increase at least 50% because of a substantial hit from a nationwide lockdown on sales, the retailer said on Wednesday.

Asian share markets took a cautious turn on Wednesday as a resurgence of global coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records.

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

United Airlines sweetened a voluntary exit package for flight attendants and extended the application deadline, saying that while "thousands of employees" signed up, "we're finding that's not enough," according to a document seen by Reuters.

United Airlines sweetened a voluntary exit package for flight attendants and extended the application deadline, saying that while "thousands of employees" signed up, "we're finding that's not enough," according to a document seen by Reuters.

The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May,

Oil prices fell on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second wave of the coronavirus pandemic threatened to halt any recovery of demand.

* Trade deficit at 833.4 bln yen vs forecast 1.07 trln yen deficit

Japanese shares fell on Wednesday as automakers dragged on weak export data, while escalating tensions between North Korea and South Korea also doused the market sentiment.

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Asian share markets took a breather on Wednesday as a resurgence of coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records.

Asian share markets took a breather on Wednesday as a resurgence of coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records.

Facebook Inc said on Tuesday it would affix labels to political ads shared by users on their own feeds, closing what critics have said for years was a glaring loophole in the company's election transparency measures.

Qualcomm Inc on Tuesday said it is putting 5G technology into chips for smartphones that will sell for as little as $300 and that will come to market in the second half of this year.

Television series, movies and documentaries about the experience of black people in the United States have seen a surge in viewership as public demonstrations have focused new attention on racial discrimination, according to industry data.

June 17 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

U.S. senators introduced legislation on Tuesday that would strengthen FAA oversight of aircraft certification following fatal Boeing Co 737 MAX crashes, though a victim's father said the bill, while a positive step, "still lacks teeth."