Japan's Sony Corp on Wednesday reported a 57per cent drop in fourth-quarter operating profit and refrained from providing an outlook for the current year due to uncertainty related to the coronavirus outbreak.
CMA CGM has arranged a 1.05 billion euro (US$1.1 billion) syndicated loan to be 70per cent guaranteed by the French government, the shipping and logistics company announced on Wednesday.
Aston Martin posted a first-quarter pretax loss of 119 million pound (US$146 million) after sales dropped by nearly a third due to the impact of the coronavirus outbreak and the destocking of dealers, the carmaker said on Wednesday.
The idea of intentionally infecting people in the quest for a vaccine is not alien to medical research, says Anjana Ahuja.
Nissan Motor Co plans to cut US$2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it braces for a drop in sales that could complicate its recovery from years of poor profitability.
President Andres Manuel Lopez Obrador will lay out a roadmap on Wednesday for Mexico to re-open its economy, with a focus on the automotive sector whose supply chains are closely interwoven with U.S. carmakers.
SINGAPORE: The Government has provided more than S$16 billion worth of assistance to Singaporeans and Singaporean companies so far, as the country crosses the halfway point of its extended "circuit breaker" period, said Second Minister for Finance Indranee Rajah on Wednesday (May 13). This support ...
Intel Capital, the venture arm of chipmaker Intel Corp , has invested in two Chinese startups in the semiconductor sector, the company announced on Wednesday, as part of its latest batch of deals.
MONTREAL: Airlines and airports are recommending a layered approach to temporary safety measures as air travel restarts, warning that no single measure can mitigate all of the risks during the COVID-19 pandemic, according to a briefing document seen by Reuters. The plan laid out by the ...
SINGAPORE: Two Singapore-based executives of EY have been appointed interim judicial managers of Ocean Tankers, the accounting firm said on Tuesday (May 13), following a court hearing to consider the shipping company's request to appoint independent managers. Ocean Tankers is owned by the Lim ...
