April 3, 2020

OPEC+ debates biggest ever cut as virus destroys oil demand

OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC source said after U.S. […]
April 3, 2020

Exclusive: Air France-KLM in talks on multibillion euro state-backed loan package

Air France-KLM is in talks with banks to receive up to 6 billion euros ($6.5 billion) in loans guaranteed by the French and Dutch governments, as […]
April 3, 2020

Google data shines light on whether coronavirus lockdowns worldwide are working

Alphabet Inc’s Google has published charts showing how the coronavirus has brought hard-hit Italy to a standstill, led to runs on grocery stores around the world […]
April 3, 2020

Factbox: Google location data shows slump in trips to malls, offices

Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to […]
April 3, 2020

Ford says Europe manufacturing ops to remain suspended at least until May 4

Ford Motor Co on Friday extended the temporary suspension of vehicle and engine production at most of its European manufacturing sites to May 4. Powered by […]
April 3, 2020

Business booms for coffin-makers in coronavirus-hit France

Two hauliers load their lorries with what is fast becoming a precious commodity in France as the coronavirus pandemic takes its dreadful toll – coffins. Powered […]
April 3, 2020

BMW CEO: working to safeguard liquidity during coronavirus crisis

BMW Chief Executive Oliver Zipse said the carmaker is focussing on preserving the health of its balance sheet and workforce which have come under strain during […]
April 3, 2020

H&M sees second-quarter loss as pandemic slams sales in March

H&M , the world’s second-biggest clothing retailer, said on Friday it expected a loss in the second quarter after reporting a 46% plunge in March sales […]
April 3, 2020

Sportswear maker Puma proposes suspending dividend due to virus

German sportswear maker Puma proposed on Friday to suspend its 2019 dividend given the impact of the coronavirus pandemic. Powered by WPeMatico
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