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Wolfgang Porsche and Hans-Michel Piech, members of the family which controls German carmaker Volkswagen , fully support the shift towards electric cars being driven by Chief Executive Herbert Diess, they told the Bild newspaper.

The global spread of the novel coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding a third of the Fund's 189 member countries were now affected.

Campbell Soup said it is ordering more ingredients to ensure it can keep enough soups, sauces and snacks on hand to meet growing demand from retailers as U.S. consumers hoard food in preparation for potential coronavirus quarantines.

REUTERS: Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak. For many companies it will be a first-time experiment with home working on a wide scale ......

REUTERS: U.S. automaker General Motors Co on Wednesday launched Ultium, a battery with higher capacity and fast charging capabilities, to power its upcoming line of electric vehicles. The Detroit-based company said most of its new electric vehicles will have Ultium's 400-volt battery packs, while ...

WASHINGTON: IMF chief Kristalina Georgieva on Wednesday (Mar 4) called for an all-out, "no regrets" response to the new coronavirus epidemic which poses a "serious threat" to the global economy. "At a time of uncertainty ... it is better to do more than to do not enough," she said,...

SINGAPORE: Mr Daren Tang is set to be the new director general of the World Intellectual Property Organisation (WIPO) after winning a vote in Geneva on Wednesday (Mar 4). "This is the first time a Singaporean has been nominated for the leadership position of a UN Agency," said Prime Minister...

General Electric Co predicted on Wednesday that the coronavirus would wipe out a substantial chunk of industrial free cash flow in the first quarter, but stuck to full-year financial targets the company set in January.GE predicted that the outbreak would erase US$300 million to US$500 million from ...

WASHINGTON: The faster spread of the coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding that a third of the Fund's 189 member countries were now affected. Georgieva told a news conference after ...

Fiat Chrysler defied fears over Italy's coronavirus outbreak to showcase an electric version of its 500 city car on Wednesday, as it strives to catch up with rivals in low-emissions driving while heading into a merger with Peugeot maker PSA .