François-Henri Pinault, the French billionaire chairman and CEO of luxury goods group Kering , has agreed to a pay cut in the latest example of top executives accepting lower salaries as a gesture of solidarity during the coronavirus crisis.
Renault Chairman Jean-Dominique Senard said on Friday that the carmaker could seek bank loans worth 4-5 billion euros (US$4.4-US$5.4 billion).
The huge cost of the coronavirus pandemic is upending Japan's seven-year experiment to rescue the economy from its debt timebomb, as recession fears prompt calls for "helicopter money" - unlimited spending bankrolled by the central bank.
U.S. electric vehicle maker Tesla Inc said on Friday it has started China sales of two lower-priced Model 3 variants built at its Shanghai plant, meaning all Model 3 sedans sold in the country are now locally made and not subject to import tax.
U.S. electric vehicle maker Tesla Inc said on Friday it has started selling two new locally made Model 3 sedan variants in China.
Chinese telecoms equipment maker ZTE Corp said it has received the resignation letter of independent non-executive director Bao Yuming.
Boeing Co is considering a plan to cut its workforce by about 10per cent, which could involve buyouts, early retirements and involuntary layoffs, the Wall Street Journal reported on Thursday.
Fans of popular group card games including Codenames, Spyfall and Cards Against Humanity have turned to playing unofficial online versions during video conferences with friends, as coronavirus restrictions prevent them from meeting up in person.
The makers of specialized cameras to quickly scan for fevers as people enter crowded workplaces are grappling with soaring demand while confronting supply disruptions, forcing some to prioritize customers such as hospitals, executives told Reuters.
Delta Air Lines Inc Chief Executive Ed Bastian said on Thursday that nearly 35,000 workers had volunteered so far for voluntary unpaid leaves of absence the company is offering in an attempt to stem costs because of the coronavirus crisis.
