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Lockdown exits will need more open borders: EU jobs chief
By Philip Blenkinsop BRUSSELS (Reuters) – European Union (EU) countries will need to ease border restrictions to let in cross-border and seasonal workers as they gradually pull out of lockdowns and relaunch their economies, the commissioner for jobs said on Friday. The EU’s executive Commission issued guidelines to the 27 member states in March, urging […]
Mnuchin urges U.S. Congress to pass $2 trillion economic relief bill
By Doina Chiacu and David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Monday urged the Senate to quickly pass an economic relief bill that has grown to $2 trillion, saying it would keep small businesses, airlines and other firms from shedding workers as the coronavirus halts commerce. “This is a massive liquidity […]
North American oil companies slash spending to cope with $30/bbl crude
By Shariq Khan and Liz Hampton (Reuters) – Occidental Petroleum Corp <OXY.N> on Tuesday became the latest to join a growing list of hard-pressed North American oil producers slashing spending and drilling after crude prices slumped to their lowest levels in more than three years. Chevron Corp <CVX.N> became the first global oil major to […]