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.
SINGAPORE: The agri-food industry will receive a S$30 million boost to speed up the production of commonly consumed food items like eggs, vegetables and fish. Called the 30x30 Express grant, it is aimed at further strengthening Singapore's food security, as part of its goal of meeting 30 per ...
BRUSSELS: The European Union will on Wednesday adopt a pan-European approach on the use of mobile applications to track the spread of the coronavirus, according to a European Commission document seen by Reuters. Calling it a toolbox, the EU executive said it would include a common scheme for using...
Zoom Video Communications Inc was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted.
German utility Uniper has signed a cooperation deal with Siemens to look at using hydrogen at its gas-fired power plants and producing the carbon-free gas with power from its wind turbines.
A figure of 6 billion euros (US$6.5 billion) in loans to help Air France KLM amid the coronavirus crisis is "not unrealistic", French junior transport minister Jean-Baptiste Djebbari said on Wednesday.
French carmaker and Peugeot owner PSA announced on Wednesday the creation of a solidarity fund to help staff affected by the closures of plants due to the COVID-19 outbreak, and new steps to protect the health of its workers.
REUTERS: Twitter Inc Chief Executive Officer Jack Dorsey on Tuesday pledged US$1 billion of his stake in Square Inc, the payments processor that he co-founded and heads, to help fund relief efforts related to the coronavirus pandemic. In a series of tweets, Dorsey said the amount, representing ...
The U.S. government's massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don't-sweat-the-details flood of cash to people and businesses in a US$22 trillion system that has ground to a halt.
