Business

Orlando (US) (AP) Walt Disney World says it plans to lay off more than 11,000 unionized workers because of the new coronavirus, bringing the total number of pandemic-related job casualties at the Florida resort to almost 18,000 positions. Disney World s...

Canada said on Friday that it would increase its immigration targets to bolster the economy and fill jobs in sectors experiencing shortages after the COVID19 pandemic led to closed borders and a sharp slowdown in new arrivals.

Business events and economic reports scheduled for the coming week.

The euro zone economy may shrink less this year than feared but its rebound is also likely to be more shallow, the European Central Bank's Survey of Professional Forecasters showed on Friday.

IKEA, the world's biggest furniture retailer, will on Monday open a pilot secondhand store for IKEA furniture in Sweden as part of its efforts to reach its 2030 climate targets.

American Express said on Thursday it was investing $1 billion to advance racial and gender equality, the latest in a line of U.S. companies pledging to promote social justice after a series of racerelated protests earlier in the year.

The pending sales of existing homes fell 2.2% in September, the National Association of Realtors said Thursday, the first monthly contraction of that figure in four months.

Airbus said on Thursday it expected to stop burning cash in the fourth quarter, giving investors the first glimpse of a path out of the coronavirus crisis after speeding up deliveries to cashstrapped airlines.

German unemployment fell much more than expected in October and demand for job protection schemes kept declining as the labour market in Europe's largest economy continued to recover from the first wave of the coronavirus pandemic.

European stocks and commodity markets struggled to stabilise on Thursday, after a return to national lockdowns in some of the region's biggest economies triggered the most brutal global selloff in months.

German dialysis specialist Fresenius Medical Care beat thirdquarter net income expectations on Thursday, as it was able to maintain operations and minimize risk for its patients during the COVID19 pandemic.

Standard Chartered booked a smallerthanexpected 40% slide in quarterly profit as the lender lowered its loan loss expectations linked to the coronavirus pandemic, also saying client demand was likely to increase next year.

A business partner of Lev Parnas, the former associate of U.S. President Donald Trump's personal lawyer Rudy Giuliani, is expected to enter a guilty plea on Thursday after being charged with defrauding investors in an insurance startup they founded.

The Golan Heights Winery, which grows its grapes on the plateau that Israel captured from Syria in a 1967 war, will display its bottles on shelves in Dubai this week, the Israeli company said.

Global stocks and the euro tumbled on Wednesday as coronavirus infections rose in Europe and the United States, igniting fears of strict lockdowns that would damage already fragile economic recoveries.

The German economy likely grew by around 6% in the third quarter but the recovery from the coronavirus crisis seen over the summer will probably slow as a second COVID19 outbreak hits Europe's biggest economy, the DIW institute said on Wednesday.