April 21, 2020

Remember the 1980s glut: Ex-BP boss Browne warns oil will stay low

The oil price will stay low for some time as supply exceeds demand and the current situation on global oil markets is reminiscent of the 1980s […]
April 21, 2020

Analyst View: After U.S. oil futures crash, what next?

A historic rout in oil markets sent U.S. crude prices plummeting to as much as minus $40 a barrel as traders rushed to get rid of […]
April 21, 2020

Huawei first-quarter revenue growth slows sharply amid U.S. ban, virus headwinds

Huawei Technologies’ revenue growth slowed sharply in the first quarter but the world’s top telecoms equipment supplier labeled the performance as “resilient” in light of pressure […]
April 21, 2020

California regulator wants changes in PG&E reorganization plan, proposes $2 billion fine

A California regulator has asked PG&E Corp for governance and oversight changes in its reorganization plan, while also proposing penalties of about $2 billion on the […]
April 21, 2020

Virgin Australia falls to virus crisis, appoints administrator to find investor

Virgin Australia Holdings Ltd on Tuesday succumbed to third-party led restructuring that could lead to a sale, making Australia’s second-biggest airline the Asia-Pacific region’s biggest victim […]
April 21, 2020

Nissan to close global headquarters, other Japan sites through May 10 due to virus

Nissan Motor Co said on Tuesday it will shut its global headquarters in Japan for 16 days through early May to contain the spread of the […]
April 21, 2020

SAP reverts to sole CEO to handle coronavirus pandemic

The coronavirus pandemic brought a six-month experiment in dual leadership at SAP to an abrupt end as the German business software group named Christian Klein as […]
April 21, 2020

Nissan to shut down global headquarters, other Japan facilities through mid-May due to virus

Nissan Motor Co on Tuesday said that it would temporarily shut down operations at its global headquarters and other facilities in Japan through early May to […]
April 21, 2020

Senate moves toward possible Tuesday coronavirus vote, Pelosi sees deal ‘on principles’

The U.S. Congress on Monday inched toward a $450 billion deal to help small businesses and hospitals hurt by the coronavirus pandemic, with House Speaker Nancy […]
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