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US stocks fall following new wave of jobless claims

European equities slip after ECB launches fresh push to bolster region’s banking system




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US stocks close out best month since 1987

Central bank support and rising hopes for economic reopening spark April rally




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How Big Tech got even bigger in the Covid-19 era

Lockdowns have elevated the sector that some analysts thought would fall furthest in a recession




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Stock market slide pushes Berkshire Hathaway to $50bn loss

Sell-off dents investment holdings despite uptick in operating profit




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Energy group EN+ to buy back stake from Russia’s VTB

Recently sanctioned London-listed company seeks to simplify ownership structure




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ArcelorMittal: metal polish

Destocking is at an end and global consumption is expected to rise this year




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Rio weighs closure of Icelandic smelter as it struggles with power costs

ISAL facility remains unprofitable as aluminium producers face weaker demand and prices




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Gupta completes acquisition of bankrupt Indian steelmaker

Business tycoon’s GFG Alliance makes first foray into fast-growing market after long court battle




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Sanjeev Gupta pledges to invest €2bn as part of emissions fight

Liberty Steel to modernise European plants in effort to become carbon neutral




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England bans sale of coal and wet wood to improve air quality

Homeowners must use ‘cleaner alternatives’ for coal fires and wood-burning stoves from 2021




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British Steel’s Chinese rescuer to complete purchase next week

Hundreds will lose jobs in £1.2bn turnround plan even as Jingye says 3,000 will be saved




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Four groups swoop for British Steel’s French factory

Bids complicate Chinese investor’s efforts to buy out whole of troubled company




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Tata Steel Europe chief lays out challenges

Henrik Adam outlines ‘urgent priority’ to boost performance as he cuts 1,250 jobs




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Iron ore market is putting a lot of faith in stimulus from China

Price of key steelmaking ingredient has held up, despite big drop in economic activity




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Europe steelmakers cut production after shutdown of car plants

Move illustrates how coronavirus impact is rippling through manufacturing supply chains




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Vedanta presses on with plan to double oil production

Group’s founder Anil Agarwal undeterred by price crash and debt levels




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Aluminium industry faces huge supply glut

Thousands of jobs at risk as coronavirus pandemic leads to a fall-off in demand




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Vedanta chief executive resigns 

Departure comes just weeks after Moody’s cut miner’s rating to junk




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Uranium bucks weak commodity trend

Radioactive material at risk of supply shocks given small number of dominant mines




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Uranium enters bull market after Covid-19 hits supply

Prices rebound from March lows after miner Kazatomprom slashes production




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Tianqi looks to sell stake in world’s largest lithium mine 

Chinese producer moves to offload some of its majority holding in Australia’s Greenbushes project




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Barrick Gold buys 800,000 antibody test kits

Chief executive Mark Bristow says miner has taken lessons on tackling coronavirus from experience of Ebola outbreak




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Rio Tinto expects rising commodity demand from China

Anglo-Australian mining group benefits from resilient iron ore price




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BHP and Rio see solid rebound in China’s steel sector

Country’s production this year expected to top 2019 if coronavirus kept at bay




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Tata Steel calls on UK to lift £50m cap on coronavirus aid

Steelmaker says more funding needed given scale and length of lockdown disruption




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Tata Steel may face obstacles in securing Covid loan

Chunk of assets already pledged as collateral could complicate efforts to secure fresh debt




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Lufthansa considers filing for creditor protection as aid talks stall

German airline looks at procedure similar to Chapter 11 bankruptcy amid dispute over bailout conditions




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Airbus signals further production cut with job losses set to follow

Plane maker’s chief warns aerospace industry in ‘gravest crisis’ as group swings to quarterly loss amid aviation collapse




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BA to cut up to 12,000 jobs as aviation outlook darkens

Parent company IAG warns it will take ‘several years’ to return to 2019 passenger levels




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BA job cuts: peanut analogy

One year saving for airline would be just 5 per cent of ex-fuel operating costs




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Wizz Air chief bullish over recovery in air travel

Váradi echoes Ryanair’s O’Leary in upbeat outlook as low-cost airline restarts flights from Luton on Friday




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BA warns Gatwick staff it may not resume flights there

Airline’s operations at London’s second biggest airport face brunt of 12,000 job cuts




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BA job cuts signal depth of crisis for airline sector

Post-Brexit Britain will need a viable industry to support global role




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Ryanair to axe up to 3,000 jobs as it warns over slow recovery

Europe’s largest low-cost airline expects return to 2019 passenger levels to take 2 years




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Heathrow’s third runway plan faces further delay of at least two years

UK airport reports slump in passenger demand as calls resurface for expansion to be axed




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Alex Cruz, BA boss suffering from altitude sickness

The four years since his promotion to CEO have been beset by crises




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United Airlines prepares to cut workforce to reduce cash burn

Incoming CEO tells investors and carrier’s 96,000 staff that he will not duck hard decisions




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Norwegian Air: taking a flyer

Lenders and lessors had little alternative but to accept the debt-for equity swap




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‘Too hard to tell’ if US travel ban will be lifted this year, says Mnuchin

Treasury secretary’s comments compound woes for airline sector hit by Buffett’s share sale




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Frequent flyer: goodbye gold card, so long silver

Grounded travellers are facing downgrades but some airlines are rewarding loyalty




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Virgin Atlantic to cut third of staff to survive Covid-19 crisis

Airline to axe up to 3,150 jobs and close London Gatwick operations as it scales back to save business




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London Gatwick under a cloud as carriers threaten to quit airport

Virgin Atlantic could be followed by British Airways in abandoning UK’s second-biggest gateway




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Heathrow’s third runway project now ‘impossible’, says IAG chief

Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact




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Space or bust: Richard Branson’s Virgin dilemma

How Virgin Galactic might help the rest of the group escape the gravitational pull of coronavirus




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Why the oil market is even weaker than you think

Producers’ realised prices are lower than they appear, while traders are braced for more turmoil




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Norway to cut oil production by 13%

Move in response to drop in prices and demand and honours unofficial pact with Opec




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Coronavirus leads to ‘staggering’ drop in global energy demand

Fall could be the equivalent of India’s total annual consumption, IEA says




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Shell cuts dividend for first time since second world war

Oil price collapse triggered by coronavirus pandemic almost halves Anglo-Dutch group’s earnings




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Royal Dutch Shell: payout cut ends value era

Oil group’s share price has lost its moorings




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ConocoPhillips takes axe to production after $1.7bn loss

US oil producer pledges to reduce output by more than a third in June