Markets

Warren Buffett's Berkshire Hathaway Inc will hold a truncated virtual annual meeting on Saturday where its billionaire chairman will be present but his longtime Vice Chairman Charlie Munger will not.

Imperial Brands is withdrawing from the premium cigar business to focus on vaping, with a 1.23 billion euro (US$1.33 billion) sale of hand-rolled makes including Cohiba and Montecristo which will help it pay down debt.

U.S. President Donald Trump will meet with American textile industry representatives on Monday as clothiers seek to shift their production lines to face masks and other critical items amid the coronavirus outbreak, the White House said.

Brazil's Embraer SA has already begun an arbitration process against Boeing Co , its CEO said on Monday, after the U.S. planemaker canceled a US$4.2 billion deal overnight.

The Czech Republic's biggest exporter, Skoda Auto, restarted production on Monday but the auto sector faces a shaky relaunch with the coronavirus outbreak hammering demand for cars.

Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social distancing and mask-wearing.

General Motors Co said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks to save cash in the face of the coronavirus crisis.

U.S. chipmaker Broadcom has offered to scrap its exclusivity deals with TV and modem makers to end an EU antitrust investigation and stave off a possible hefty fine.

OSLO: Norwegian Air could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier warned on Monday. If bondholders, leasing companies and shareholders give a green light, the plan may help Norwegian survive the coronavirus ...

The Small Business Administration (SBA) on Monday will release US$310 billion in funds for the second round of its program that aims to help small businesses hurt by the novel coronavirus disruption to cover their payroll costs.