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Exclusive: Venezuela gasoline shortages worsen as US tells firms to avoid supply – sources

Gasoline shortages in Venezuela are worsening after U.S. officials have told foreign firms to refrain from supplying the fuel to the sanctioned South American nation and only provide diesel, according to five people familiar with the situation.

Markets

Hyflux applies to postpone scheme meetings, extend moratorium due to COVID-19 safe distancing rules

SINGAPORE: Embattled Hyflux said on Wednesday (Apr 8) that it has applied to the Singapore High Court to postpone its scheme meetings scheduled this month, due to the heightened safe distancing measures put in place by local authorities to combat COVID-19. It is also seeking a three-month ...

Markets

JetBlue seeks government permission to suspend flying at some airports as demand drops

JetBlue Airways Corp said on Wednesday it is consolidating flights in five U.S. metropolitan areas into just one or two airports and also asking the U.S. Department of Transportation to exempt it from flying at other airports where current demand does not support its service.

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GM to supply 30,000 ventilators in US$500 million US contract

The United States on Wednesday awarded automaker General Motors Co a contract worth US$489.4 million to make ventilators needed to treat severely sick coronavirus patients.

Markets

Corona beer maker Constellation to reduce production in Mexico during pandemic

Constellation Brands Inc , the U.S. distributor of Corona beer, said on Wednesday it would reduce production at its Mexican breweries, just days after it announced they were fully operational.

Markets

Constellation Brands cuts back Mexico operations to protect workers

U.S. brewer Constellation Brands has begun reducing operations at its breweries in Mexico to protect its workers in line with government directives to contain the spread of the coronavirus, the company said on Wednesday.

Markets

German foreign ministry restricts use of Zoom over security concerns: report

The German foreign ministry has restricted use of the video conferencing service Zoom, saying in an internal memo to employees that security and data protection weaknesses made it too risky to use, newspaper Handelsblatt reported on Wednesday.

Markets

Singapore banks pledge no job cuts due to Covid-19

SINGAPORE banks, which are major employers here, have pledged no retrenchments as a result of the novel coronavirus outbreak.

Markets

SoftBank-backed Oyo furloughs some US workers as coronavirus hits revenue

SoftBank-backed Oyo Hotels and Homes is furloughing some employees to cut costs, it said on Wednesday, as lower travel due to the coronavirus pandemic slams the hospitality industry.

Markets

H&M borrows 980 million euros to boost liquidity buffer amid pandemic

H&M , the world's second-biggest fashion retailer, said on Wednesday it had signed a 980 million euro (US$1.1 billion) revolving credit facility to strengthen its liquidity buffer in light of the novel coronavirus pandemic.

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