Factbox: Britain’s 2035 ban on new combustion car sales puts jobs at risk
Britain will ban the sale of new petrol and diesel cars from 2035 in an attempt to reduce air pollution, a step which accelerates a shift toward electric vehicles. Following are some of the possible challenges and consequences related to the decision:
Futures surge as China liquidity measures calm investor fears
U.S. stock index futures jumped 1% on Tuesday, signaling a recovery for Wall Street from a sharp coronavirus-led pullback last week, with fresh intervention by China’s central bank calming investor nerves.
Exclusive: Fund giant Vanguard bypasses banks with forex algos
Vanguard, the $5.6 trillion asset manager, plans to start using computer-run algorithms this year to trade FX directly with other funds, depriving banks of some of the fees they earn as the middlemen in currency deals.
Vodacom to launch 5G services in South Africa in 2020
Vodacom Group expects to offer 5G mobile services to its South African customers this year by using a network being built by another African operator Liquid Telecom, Vodacom Chief Executive Shameel Joosub said on Tuesday.
Factbox: Airlines suspend China flights because of coronavirus outbreak
Airlines are suspending flights to China in the wake of the new coronavirus outbreak.
ConocoPhillips misses profit estimates, boosts share buyback
U.S. oil and gas producer ConocoPhillips reported a lower-than-expected quarterly adjusted profit on Tuesday and boosted its share buyback program by $10 billion.
Cathay Pacific to cut global capacity by 30% amid coronavirus epidemic
Hong Kong’s Cathay Pacific Airways Ltd plans to cut 30% of its global capacity over the short-term, including 90% of capacity to mainland China as it grapples with a sharp fall in demand due to the coronavirus epidemic, its CEO said on Tuesday.
Airlines suspend China flights because of coronavirus outbreak
Airlines are suspending flights to China in the wake of the new coronavirus outbreak.
Exclusive: Venezuelan banks begin storing dollars amid Maduro’s liberalization – sources
At least half a dozen Venezuelan banks have begun storing in vaults millions of dollars and euros accumulated in cash by businesses during an unexpected economic liberalization by President Nicolas Maduro, according to sources.
Hong Kong to ease reporting rules for companies’ results due to virus
Hong Kong’s markets regulator and stock exchange will relax rules on how companies must publish their annual results in response to challenges caused by the newly identified coronavirus, they said in a joint statement on Tuesday.
