February 26, 2020

U.S. crude drops below $50 as virus spreads in Middle East and Europe

U.S. crude dropped below $50 on Wednesday to its lowest since January 2019, as Asia, Europe and oil-producing countries in the Middle East reported hundreds of […]
February 26, 2020

Electrolux says implementing Italy travel ban until March 9 due to Coronavirus

Swedish home appliance maker Electrolux said on Wednesday it had decided on ban travel by its employees to and from Italy, where it has manufacturing facilities […]
February 26, 2020

BP to quit main U.S. refining lobby over carbon policy

BP will leave the main U.S. refining lobby and two other trade groups as new Chief Executive Bernard Looney spurs some of the oil sector’s most […]
February 26, 2020

Wall Street rises at open following four-day rout

Wall Street’s main indexes opened higher on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage […]
February 26, 2020

Google to invest over $10 billion in 2020 on U.S. data centers, offices

Alphabet Inc’s Google said on Wednesday it would invest more than $10 billion in offices and data centers across the United States this year. Powered by […]
February 26, 2020

Profit rise lifts Peugeot shares ahead of Fiat merger

Peugeot maker PSA Group said on Wednesday profitability reached a record high in 2019, results that contrasted with those of many rivals and boosted the group’s […]
February 26, 2020

Ford’s incoming COO focuses on cost cuts, launches, change

Ford Motor Co’s incoming chief operating officer outlined his priorities for the company’s turnaround on Wednesday, including cost cuts and more efficient new-vehicle launches in a […]
February 26, 2020

Toyota says Japan plants may be affected by virus-related supply issues

Toyota Motor Corp on Wednesday said that operations at its plants in Japan may be affected by supply chain issues linked to the new coronavirus outbreak […]
February 26, 2020

European Commission says too early to assess coronavirus impact on EU economy

It is still too early to assess the impact of the coronavirus outbreak on the European Union economy, the bloc’s economics commissioner Paolo Gentiloni said on […]
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