Markets

The U.S. electric industry may ask essential staff to live on site at power plants and control centers to keep operations running if the coronavirus outbreak worsens, and has been stockpiling beds, blankets, and food for them, according to industry trade groups and electric cooperatives.

Airlines hit hard by the travel restrictions imposed as a result of the coronavirus pandemic may soon present buying opportunities for investors, the co-founder of the buyout firm that owns budget carrier Frontier Airlines said in an interview.

Almost none of the British public surveyed by the Bank of England last month expected it would soon need to cut interest rates, a BoE report showed on Friday.

Deutsche Bank said on Friday that the impact of the coronavirus outbreak may affect the lender's ability to meet its financial targets as the fragile bank undergoes a major revamp after years of losses.

The Monetary Authority of Singapore (MAS) announced on Thursday (Mar 19) the establishment of a US$60 billion swap facility with the US Federal Reserve, as the global economy comes under strain from the coronavirus outbreak.

BRUSSELS: Alphabet Inc's YouTube said on Friday (Mar 20) it will reduce its streaming quality in the European Union to avoid straining the internet as thousands of Europeans, constrained by the coronavirus outbreak, switch to teleworking and watch videos at home. YouTube is the second company ...

Swedish carmaker Volvo is suspending production at its factories in Sweden, the United States and Belgium, to curb the spread of the coronavirus, it said on Friday, even as it resumes manufacturing in China where the infection rate has slowed.

British retailer Marks & Spencer said on Friday trading over the next 9-12 months in its clothing and homewares and international businesses was likely to be "severely impacted" by the coronavirus.

UNITED Overseas Bank (UOB) on Friday announced a slew of relief measures for its customers in Malaysia – both businesses and individuals – affected by Covid-19, as the virus outbreak situation in the country takes a turn for the worse.

Orange's networks should be able to withstand a surge in usage as people work from home during a lockdown in France to contain the coronavirus outbreak, CEO Stephane Richard said on Friday.