Zoom users top 300 million as ban list grows
Zoom video conferencing app’s user base grew by another 50% to 300 million in the last three weeks, as the company fought to quell a backlash around security and safety that has seen a number of governments and firms ban its applications.
Sweden’s Volvo hit by cancelled orders as pandemic creates ‘new normal’
Sweden’s AB Volvo on Thursday warned of stalling truck orders and a challenging adjustment to a “new normal” of feebler demand after reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales.
Stocks pause before key EU meeting on coronavirus aid
Caution gripped markets on Thursday, with stocks falling before a key Eurogroup meeting to discuss joint stimulus measures, offsetting optimism from a fresh round of U.S. coronavirus aid and a recovery in oil prices.
Volkswagen making masks in China for its staff at European plants
Volkswagen AG is making masks in China for distribution to Volkswagen plant employees in Europe, the German automaker said on Thursday as it prepares to restart European production.
Renault seeks state-backed loan to build cash buffer
Renault is in talks with the French government to secure a state-backed loan worth several billion euros to shore up its liquidity during the coronavirus pandemic, the French carmaker said on Thursday.
Dollar slips against commodity currencies as Brent surges
The dollar slipped against the currencies of oil-producing states on Thursday, giving up earlier gains as a bounce in crude prices gave succour to markets shaken by the massive coronavirus-induced drop in demand.
Oil surges as producers trim output to respond to demand loss
Oil surged on Thursday amid signs that producers are cutting production to weather a collapse in demand as the coronavirus outbreak ravages world economies, while the U.S. state of Oklahoma also moved to help oil firms pump less.
Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams China demand
South Korea’s Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade, as the coronavirus hit demand in China and due to losses at its financial business.
UK’s Aston Martin plans to restart St Athan unit, cuts executives’ pay
Aston Martin said on Thursday it plans to restart its St Athan factory in south Wales on May 5 and will also resume operations at Gaydon later, after the coronavirus-led shutdowns forced the luxury car maker to suspend production at both sites.
Volvo beats first-quarter forecasts but warns of truck order cancellations
Sweden’s AB Volvo on Thursday warned of weakening truck demand despite reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales.
