Uber Technologies Inc on Thursday said it plans to ship millions of face masks to its active drivers and food delivery people around the world to help prevent the spread of the novel coronavirus.
Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive US$2.3 trillion program to bolster local governments and businesses, while oil prices gained on expectations of a drastic cut in output.
U.S. House Speaker Nancy Pelosi said on Thursday the country's smallest businesses need to be protected against the ravages of the coronavirus outbreak and pushed for US$60 billion to be allocated to those enterprises in the next funding allocation.
Fiat Chrysler reached a deal with unions on Thursday over measures to adopt in its Italian plants once the government eases restrictions on business activity put in place to contain the coronavirus outbreak.
Excelso Sabulao delivers groceries for Amazon.com Inc in California so he can help provide his parents an income. Now, with endless interactions at stores and at homes during a pandemic, he worries his work will kill them.
Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns, sources said, even as the number of places available to stockpile oil is rapidly dwindling.
The U.S. Federal Reserve on Thursday announced a broad, US$2.3 trillion effort to bolster local governments and small and mid-sized businesses, the latest in an expanding suite of programs meant to keep the U.S. economy intact as the country battles the coronavirus pandemic.
U.S. Treasury Secretary Steven Mnuchin said on Thursday that the American economy could start to reopen for business in May, despite many medical experts saying that closures and social distancing measures will need to stay in place for longer to defeat the coronavirus.
British American Tobacco said on Thursday it had filed patent infringement challenges against Philip Morris International Inc in the United States, the UK and Germany over the heating technology used in its iQOS tobacco products.
French carmaker Renault's board has decided to cancel its dividend on 2019 earnings in light of the coronavirus crisis, a source close to the matter told Reuters on Thursday.
