Tyson Foods expects sales volume to fall in second half of 2020
Tyson Foods Inc said on Monday it expects meat sales volume to fall in the second half of this year, as restaurants are being forced to operate at a limited capacity due to the COVID-19 pandemic.
Ferrari cuts FY guidance due to coronavirus, sees slight drop in core profit
Ferrari said on Monday it had cut its core profit estimates for the year to reflect the impact of the coronavirus crisis, expected to mainly affect second quarter results.
Global stocks fall as U.S.-China tensions threaten rebound
European stock markets and oil prices fell on Monday as a spat between top U.S. officials and China over the origin of the coronavirus fuelled fears of a new trade war, derailing a rebound in global markets.
Discounts may help cure U.S. auto market’s coronavirus hangover
Texas auto dealer Hayden Elder says March was his worst month in 42 years selling cars thanks to the coronavirus, but April brought days that were “almost normal” and he expects bigger customer discounts to help him sell more Dodge Ram pickup trucks th…
Fasten seatbelts: Norwegian Air’s battle for survival
After growing rapidly to become Europe’s third-largest low-cost airline and one of the few to apply the budget model to transatlantic flights, Norwegian Air is fighting for its survival after racking up debts and liabilities of close to $8 billion by …
It’s okay to laugh again: Advertisers prepare for post-coronavirus economy
Sad piano chords, somber shots of empty streets and close-ups of people staring out their windows. So prevalent were coronavirus-themed ads that followed a similar template just a few weeks ago, they were parodied in a YouTube compilation video: “Every…
Futures slide on renewed U.S.-China tensions
U.S. stock index futures slid on Monday on growing tensions between Washington and Beijing over the origin of the novel coronavirus.
Oil prices fall on U.S.-China tensions, weak factory data
Oil prices fell on Monday on worries that a global oil glut may persist even as coronavirus pandemic lockdowns start to ease, amid a fresh spat between the United States and China over the origin of the virus.
Uber closes Eats operations in eight smaller markets
Uber said on Monday it was closing down its Uber Eats operations in eight markets because they did not offer a clear route to becoming the number one or number two online food delivery operator, its stated aim for its Eats business.
French carmaker PSA to re-start production gradually over this week
Peugeot carmaker PSA , one of many car companies around the world to have been hit hard by the coronavirus, said on Monday that it would gradually restart production at sites over the course of this week.
