March 3, 2020

UPS and FedEx warn coronavirus outbreak could hurt operations

U.S. package delivery companies United Parcel Service Inc and FedEx Corp warned on Tuesday that the coronavirus outbreak could disrupt shipment of goods in affected countries […]
March 3, 2020

Nokia says will cut up to 148 jobs in Finland this year

Finnish network equipment maker Nokia will cut up to 148 jobs in Finland in 2020 excluding its 5G development operations, it said on Tuesday evening. Powered […]
March 3, 2020

Fed makes emergency rate cut as coronavirus spreads

The U.S. Federal Reserve cut interest rates on Tuesday in a bid to shield the world’s largest economy from the impact of the coronavirus, though Fed […]
March 3, 2020

Lufthansa CEO supports Boeing-Embraer tie-up

Germany’s Lufthansa threw its weight behind a proposed $4.2 billion takeover of Embraer’s commercial aircraft activities by Boeing , saying it would preserve a level playing […]
March 3, 2020

Oil falls on coronavirus fears despite Fed rate cut and hopes for OPEC+ output cut

Oil prices fell in a volatile session on Tuesday, succumbing to fears that the coronavirus would take a heavy toll on energy demand even after the […]
March 3, 2020

Impossible Foods cuts prices of plant-based meat sold to distributors

Impossible Foods on Tuesday announced an average 15% cut in prices of its vegan products sold to U.S. distributors as the plant-based meat maker tries to […]
March 3, 2020

Gold jumps, stocks trade erratically after Fed’s rate cut

Global equity markets seesawed erratically in volatile trade and gold prices rose more than 3% on Tuesday after the Federal Reserve cut interest rates in an […]
March 3, 2020

OPEC+ panel considered oil output cut of 600,000-1 mln bpd: sources

A technical committee of OPEC and its allies considered a cut in oil production of 600,000 to 1 million barrels per day (bpd), and recommended a […]
March 3, 2020

Airlines face worsening coronavirus impact, European bosses warn

The worst is still to come for the airline industry in terms of economic damage from the coronavirus outbreak, European bosses warned on Tuesday, but they […]
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