Chinese investment in the U.S. drops to lowest level since global financial crisis
Chinese investment in the United States dropped to $5 billion in 2019, a slight decrease from a year earlier and the lowest level since the global financial crisis a decade ago, according to a new analysis by the U.S.-China Investment Project.
NBCUniversal, Sky expand ad-buying tool globally
Comcast Corp units NBCUniversal and Sky said Monday that advertising across both of the media companies can now be purchased through the same tool, as the firms look to attract more global advertisers and weather the coronavirus pandemic.
Oklahoma oil regulators hear arguments on output cuts
Oklahoma’s energy regulators on Monday began hearing arguments from producers seeking to win state-support for setting limits on oil production to help stabilize prices.
Starbucks to reopen 150 drive-thru locations in UK this week
Starbucks Corp said on Monday it would begin a phased reopening of 150 of its drive-thru locations and some takeaway-only stores in the United Kingdom as the country eases coronavirus-led restrictions on road travel.
Oil falls on fears of second coronavirus wave
Oil prices fell on Monday as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited price losses.
U.S. has no need to buy back debt, will take advantage of low interest rates: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Monday he sees no need for the country to buy back debt and that he plans to borrow money long-term to lock in low interest rates, as the coronavirus pandemic rocks the economy.
Exclusive: Toyota to cut North American output by 29% through October
Toyota Motor Corp plans to slash production in North America by nearly a third through October due to the coronavirus crisis and expects it will take some time for output to return to normal, a person familiar with the matter said.
S&P 500, Dow slip on fear of new infection wave
The S&P 500 and Dow Jones indexes retreated on Monday after last week’s rally, as investors worried about a second wave of coronavirus infections with the reopening of several economies.
Fritz Gerber, who steered Roche from infamy to biotech success, dies at 91
Fritz Gerber, the long-time head of Roche Holding who helped transform the Swiss company from an image-tarnished vitamins, drugs and chemicals conglomerate into a biotechnology and diagnostics giant, has died at the age of 91.
Wizz Air tells UK: we need more detail on quarantine
Wizz Air needs more details on British plans to quarantine travellers before it can assess their impact after seeing strong demand for the routes it has started operating during the coronavirus crisis, its chief executive told Reuters.
