Trump signs deal with company in effort shift drug manufacturing to U.S.: New York Times
The United States will announce on Tuesday that it has signed a $354 million contract with a company to make generic medicines and pharmaceutical ingredients in the country needed to treat COVID-19, the New York Times reported late on Monday.
Long-lasting global recession likely due to COVID-19, says World Economic Forum report
Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday.
Powell, Mnuchin to face Senate grilling on U.S. coronavirus response
The U.S. government’s handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell testify before the Senate Banking Committee.
Tesla’s China car registrations plunge 64% month-on-month in April
U.S. electric vehicle maker Tesla Inc suffered a slump of 64% in car registrations in China in April on the month, data from auto consultancy LMC Automotive showed.
Oil prices mixed as Brent retreats on profit-taking after rally
Oil prices were mixed on Tuesday, with Brent pulling back from an early gain on profit-taking, while U.S. crude extended its rally amid signs that producers are cutting output as promised just as demand picks up on a resumption of economic activity.
White House panel: Build new tech infrastructure for future jobs
A White House advisory panel on Tuesday urged the government and private industry to work together on new technological infrastructure to support future jobs and underpin a solid economic recovery from the coronavirus pandemic.
Financial gain trumps espionage as top motivator in cyber attacks: report
Money trumped spying as the top motivator for data breaches last year, according to Verizon’s annual report on cyber crimes published on Tuesday.
Electric car sales to fall, but not as much as other vehicles: research
Worldwide electric car registrations are set to fall 18% this year, but those of combustion engine cars are set to drop even faster, analysts BloombergNEF (BNEF) said on Tuesday, as the automotive sector is hammered by the coronavirus crisis.
Factbox: New measures being put in place for air travel differ by country
Governments, airlines and airports around the world are putting in place new measures to help protect travellers and allow for a return to the air during the global coronavirus pandemic.
Empty middle seat? Depends on which country you are flying in
In Thailand, you cannot have food or water in flight and must wear a mask. In Malaysia and Indonesia, the plane needs to be half-empty. In the United States and Europe, it’s not mandatory for airlines to leave the middle seat open.
