Toyota Motor Corp said on Thursday it expects to gradually resume North American production starting May 4 and will impose significant new safety procedures after it halted operations in March because of the coronavirus pandemic.
WASHINGTON: A stunning 26.5 million Americans have sought unemployment benefits since mid-March, confirming that all the jobs gained during the longest employment boom in US history have been wiped out as COVID-19 savages the economy. The deepening economic slump amid nationwide lockdowns to ...
General Motors Co on Thursday won preliminary U.S. court approval of a US$120 million settlement with owners who said defective ignition switches caused their vehicles to lose value.
The Federal Communications Commission voted unanimously on Thursday to adopt new rules to open a new chunk of spectrum for Wi-Fi use as the number of devices is expected to rapidly increase.
Dish Network Corp, which vowed to build a 5G network by 2023 to take on the big three U.S. telecommunications giants, said on Thursday it is working with software company Mavenir to build its next-generation wireless network.
Argentina plans to issue a decree setting a higher local oil barrel price to protect the domestic industry from being further decimated by crashing global prices and slumping fuel demand during the coronavirus pandemic, two industry sources told Reuters.
Honda Motor Co said Thursday it will extend a shutdown of all of its North American auto plants through May 8 and extend unpaid leaves for many salaried workers.
A highly valued public company will have a hard time getting a coronavirus relief loan, the U.S. Treasury said on Thursday, just as Congress was poised to approve a new round of funding for the loans known as the Paycheck Protection Program.
Lufthansa , which has grounded almost all its aircraft due to the coronavirus pandemic, said its operating loss increased to 1.2 billion euros (US$1.3 billion) during the first three months of the year and the loss would be considerably higher in the current quarter.
In just a week, Russia has to find ways to cut a fifth of its oil output under a deal to tackle the market glut and is looking at all options, including putting wells on repair and maintenance to abandoning them entirely and even burning oil, four oil industry...
