Indian court quashes government’s call for ban on Deloitte, KPMG affiliate
An Indian court on Tuesday quashed efforts by the federal government to impose a ban on auditors Deloitte Haskins & Sells LLP and a KPMG affiliate for their alleged abetment of a financial fraud at a domestic firm.
In Versailles, king of online retail Amazon fights unions backlash
Amazon made its case on Tuesday in a French court of appeal to keep deliveries on track in the country, rejecting unions’ allegations that it was not doing its best to protect employees from COVID-19.
CPC oil producers eye boost to flows via Russia from May
Kazakh oil producers, which export crude via the Caspian pipeline consortium (CPC), are seeking to divert flows to Russia’s Transneft from May in an attempt to minimize losses as CPC Blend margins and demand fall, five market sources said.
Brent oil drops 25%, near two-decade lows on scant demand, storage
Brent crude futures plunged 25% on Tuesday to the lowest in nearly two decades, a day after panicked traders sent U.S. oil below minus $40 per barrel on fears of a historic glut due to the destruction of fuel demand by the coronavirus pandemic.
Trump calls for U.S. oil industry bailout as prices plunge
U.S. President Donald Trump said on Tuesday he has asked his cabinet to devise a plan to inject cash into the ailing U.S. oil-drilling industry to help it survive a historic collapse in crude prices.
Wall Street falls as U.S. crude crash adds to pandemic woes
Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual forecasts by companies foreshadowed the biggest economic slump since the Great Depression.
Lockheed Martin trims sales outlook as coronavirus hits supply chain
Lockheed Martin said on Tuesday the spread of coronavirus has delayed shipments of vital supplies to its numerous businesses and will likely hurt its sales this year.
JPMorgan Chase developing plan to return employees to work in phases: memo
JPMorgan Chase & Co , the largest U.S. lender, said on Tuesday it was working on a plan to bring thousands of employees currently working from home back onsite in phases, according to an internal memo seen by Reuters.
Amazon extends closure of French warehouses until April 25: statement
Amazon is extending the closure of its French warehouses until April 25 included, the online retail giant said in a written statement on Tuesday.
We can make more ventilators if government ups order, says UK business consortium
A group of firms, including Airbus and Ford, could build more than the current government order of 20,000 ventilators and continue once normal operations begin to resume, the head of the project told Reuters on Tuesday.
