CORRECTED-UPDATE 1-Canada's Enbridge says 800 workers take voluntary buyouts

Enbridge Inc, Canada's largest pipeline operator, said on Wednesday about 800 employees have opted for voluntary buyouts, as the company tries to reduce costs to tackle the COVID-19 crisis and the global oil price shock.

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CORRECTED-Enbridge says 800 workers take voluntary buyouts

Enbridge Inc, Canada's largest pipeline operator, said on Wednesday about 800 employees have chosen to take voluntary buyouts, as the company tries to reduce costs amid dual challenges of COVID-19 and the global oil price shock.

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Transparency needed to restore trust after 737 MAX crashes -FAA chief

U.S. FAA chief Steve Dickson will tell a Senate committee at a hearing on Wednesday that transparency is key to restoring public trust in the agency and planemaker Boeing Co in the wake of fatal 737 MAX crashes, according to a copy of his written testimony seen by Reuters.

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Disney eyes July reopen for California theme parks

Walt Disney Co plans to reopen the Disneyland Park and Disney California Adventure park on July 17, pending approval from state and local authorities.

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UPDATE 1-Santander Brasil denies plans to lay off 20% of workforce as reported by paper

Banco Santander Brasil SA , one of Brazil's top lenders, has denied it plans to lay off 20% of its workforce in Brazil as reported by newspaper Folha de S. Paulo, the bank said in a statement sent to Reuters.

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UPDATE 2-AMC to reopen theaters globally in July, shares rise

AMC Entertainment Holdings Inc said on Tuesday it was expecting to reopen its theaters globally in July after shutting them down in mid-March due to the COVID-19 pandemic, sending its shares up about 4% in extended trading.

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UPDATE 1-Mexican regulator approves new power rates amid public dispute

Mexico's energy regulator has approved new rates that electricity providers must pay the national power utility for transmission, it said late on Thursday, as a dispute rumbles on between the private sector and government over industry rule changes.

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UPDATE 2-Peer-reviewed data shows Gilead's drug helps COVID-19 recovery time

The U.S. National Institutes of Health (NIH) said on Friday peer-reviewed data published in the New England Journal of Medicine show that Gilead Sciences Inc's remdesivir is effective at helping COVID-19 patients recover.

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U.S. grants tentative OK for 15 air carriers to suspend service to 75 airports

The U.S. Transportation Department said late Friday it had granted tentative approval to 15 airlines to temporarily halt service to 75 U.S. airports because of the coronavirus pandemic.

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UPDATE 3-UK plans cut in Huawei's 5G network involvement -newspaper report

Prime Minister Boris Johnson is planning to reduce Chinese telecoms equipment maker Huawei Technologies Co Ltd's involvement in Britain's 5G network in the wake of the coronavirus crisis, the Daily Telegraph newspaper reported https://bit.ly/2zmI2DE.

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GM starts to reopen plants in Mexico

General Motors Co said that it was on Thursday gradually restarting the transmissions and motors lines at its Mexican plants in Ramos Arizpe in the northern state of Coahuila and in the central city of Silao.

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PRESS DIGEST- British Business - May 11

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.

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Brazil's BRF cuts Q1 loss, says COVID-19 brings opportunities

Brazilian meat processor BRF SA reduced its net loss in the first quarter of 2020 to 38 million reais ($6.63 million), compared to a loss of 1 billion reais in the same period last year, thanks to a rise in sales volumes and value.

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