The United States on Wednesday awarded automaker General Motors Co a contract worth US$489.4 million to make ventilators needed to treat severely sick coronavirus patients.
Constellation Brands Inc , the U.S. distributor of Corona beer, said on Wednesday it would reduce production at its Mexican breweries, just days after it announced they were fully operational.
U.S. brewer Constellation Brands has begun reducing operations at its breweries in Mexico to protect its workers in line with government directives to contain the spread of the coronavirus, the company said on Wednesday.
The German foreign ministry has restricted use of the video conferencing service Zoom, saying in an internal memo to employees that security and data protection weaknesses made it too risky to use, newspaper Handelsblatt reported on Wednesday.
SINGAPORE banks, which are major employers here, have pledged no retrenchments as a result of the novel coronavirus outbreak.
SoftBank-backed Oyo Hotels and Homes is furloughing some employees to cut costs, it said on Wednesday, as lower travel due to the coronavirus pandemic slams the hospitality industry.
H&M , the world's second-biggest fashion retailer, said on Wednesday it had signed a 980 million euro (US$1.1 billion) revolving credit facility to strengthen its liquidity buffer in light of the novel coronavirus pandemic.
The French government is working on a smartphone app that could warn users if they came into contact with a coronavirus carrier, ministers said on Wednesday, in a move likely to raise questions about the impact of tracing technology on civil liberties.
Major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no end is in sight without clarity about how long lockdowns will last, the Organisation for Economic Cooperation and Development said on Wednesday.
Fiat Chrysler (FCA) and unions are discussing plans for beefed-up health measures at Italian plants to pave the way for most profitable production to restart as soon as the government eases a national lockdown, unions said on Wednesday.
