April 23, 2020

Zoom boosts encryption to quell safety concerns as users top 300 million

Zoom Video Communications Inc said on Wednesday it was upgrading the encryption features on its video conferencing app to quell safety concerns as its users surged […]
April 23, 2020

Truck maker Volvo first-quarter profit falls less than expected

Swedish truck maker AB Volvo reported a smaller-than-expected fall in first-quarter operating earnings on Thursday but warned its net order intake of trucks had been negative […]
April 23, 2020

Renault’s first-quarter sales fall, outlook still unclear

French carmaker Renault on Thursday posted a 19.2% drop in first-quarter revenue to 10.13 billion euros ($10.97 billion), and said it was still too early to […]
April 23, 2020

Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams car demand

South Korea’s Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade as the spreading […]
April 23, 2020

Bankruptcy looms over U.S. energy industry, from oil fields to pipelines

U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand […]
April 23, 2020

Record U.S. jobless claims wipe out post-Great Recession employment gains

A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment boom in […]
April 23, 2020

For SoftBank’s Son, coronavirus turns vision to illusion

SoftBank Group Corp founder Masayoshi Son’s dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at his $100 billion Vision Fund […]
April 23, 2020

Detroit automakers, UAW to continue talks over reopening U.S. plants

The United Auto Workers (UAW) said late Wednesday discussions are still underway with Detroit’s Big Three automakers to safely restart U.S. production halted by the coronavirus […]
April 23, 2020

Kia Motors to halt operations at two domestic factories on some days in April, May: union

South Korean automaker Kia Motors plans to suspend operations at two of its domestic factories from April 27 to May 10 and again between May 22 […]
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