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Twitter withdraws first-quarter revenue forecast on virus fears

Twitter Inc said on Monday it is withdrawing revenue and operating income forecast for the first quarter of 2020, citing the growing impact of the coronavirus outbreak.

Markets

US prosecutors charge PDVSA contractor with money laundering

REUTERS: U.S. prosecutors have charged a Venezuelan oilfield contractor with money laundering for bribing officials at state oil company Petroleos de Venezuela to win overpriced contracts, and then seeking to hide the proceeds in the United States. The charges are the latest in a U.S ...

Markets

Airbus sees airlines seeking to defer or cancel orders

Airbus said in a stock market filing on Monday that customers could seek to cancel or postpone delivery of airliners and helicopters as the coronavirus crisis continues to escalate.

Markets

Auto industry urges US lawmakers to ensure ‘sufficient liquidity’

Major automakers, parts suppliers and auto dealers urged U.S. lawmakers on Monday to provide "robust credit facilities" to ensure "sufficient liquidity" in the auto industry despite the coronavirus outbreak.

Markets

US trade regulators approve tariff exemption for Apple Watches

U.S. trade regulators have approved Apple Inc's request to waive tariffs on China-made Apple Watches, the Office of the United States Trade Representative said in a letter dated Friday.

Markets

Alitalia to relaunch with much smaller fleet: sources

The Italian government plans to take control of loss-making carrier Alitalia in a month or so, creating a new company that will start off with a much smaller fleet, union sources said on Monday.

Markets

Citigroup to give some employees US$1000 as coronavirus spreads

Citigroup Inc will provide more than 75,000 employees globally with a special compensation award to help ease the financial burden of the coronavirus pandemic, Chief Executive Michael Corbat told staff in a memo seen by Reuters.

Markets

Boeing to halt Washington state production temporarily due to coronavirus risks

Boeing Co said on Monday it will halt production temporarily at its Washington state twin-aisle jetliner factory due to risks from coronavirus, confirming an earlier Reuters report.

Markets

GM eyes building ventilators to fight coronavirus outbreak at its Indiana plant

General Motors Co said on Monday it is studying the feasibility of building ventilators under its partnership with Ventec Life Systems at the No. 1 U.S. automaker's Kokomo, Indiana, plant to help combat the coronavirus outbreak.

Markets

Lockdown in France: coronavirus rewrites the teaching playbook

PARIS: English teacher Carole Detemple had three days to tear up the teaching playbook as she knew it and create a virtual classroom in which to educate pupils confined to their Paris apartments by the coronavirus. As she swaps the whiteboard for a webcam, the pandemic sweeping Europe is...

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