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McLaren says to cut 1,200 jobs due to pandemic

British Formula 1 team and supercar maker McLaren said Tuesday it plans to cut 1,200 jobs after the coronavirus crisis hit sales. "We deeply regret the impact that this restructure will have on all our people, but especially those whose jobs may be affected," the group's executive chairman...

Oil prices climb as faith in supply cuts grows

Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up as coronavirus lockdowns ease. Brent crude LCOc1 futures were up 1.4%, or 48 cents, at $36.01 a barrel by 1210 GMT. U.S. West Texas...

Global coronavirus cases cross 5.5M mark

The number of global coronavirus cases surpassed 5.5 million on Tuesday, according to a running tally by US-based Johns Hopkins University. The university's data showed worldwide deaths reached 346,300, while the number of people who recovered stands at 2.23 million. The US is the...

UK minister resigns over lockdown breach row

Douglas Ross, a junior minister for Scotland, resigned on Tuesday, becoming the British government’s first casualty of the brewing lockdown breach issue involving Prime Minister Boris Johnson’s top adviser. In his resignation letter, Ross, a member of the ruling Conservative Party, said...