Hailstorm devastates hundreds of hectares of Bordeaux vines in SW France
A violent hailstorm that hit the Bordeaux wine region last Friday has caused severe damage, with several hundred hectares of vines nearly destroyed, notably in the famous Saint-Emilion region, the local chamber of agriculture said on Tuesday.
U.S. home sales tumble as coronavirus keeps buyers indoors
U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought buyer traffic to a virtual standstill, with realtors and economists expecting a further deterioration in…
Oil crash pummels stocks and bond yields; dollar rises
Stock markets around the world fell on Tuesday, as a collapse in oil prices brought on by oversupply and a shortage of storage further exposed the depth of economic damage from the coronavirus outbreak and sent investors looking for shelter.
Air Canada to suspend flights to U.S. on coronavirus concerns
Air Canada said on Tuesday it would suspend flights between Canada and the United States after April 26 due to the coronavirus pandemic.
New York charges Mallinckrodt with insurance fraud related to opioids
New York state charged Mallinckrodt Plc on Tuesday with insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary prescriptions.
Exclusive: Facebook agreed to censor posts after Vietnam slowed traffic – sources
Facebook’s local servers in Vietnam were taken offline early this year, slowing local traffic to a crawl until it agreed to significantly increase the censorship of “anti-state” posts for local users, two sources at the company told Reuters on Tuesday….
Brent oil drops to near two-decade lows on falling demand, storage woes
Oil futures for June plunged to near two-decade lows on Tuesday, as the panic that sent U.S. May futures to below minus $40 per barrel on Monday bled further into the markets due to worries about the coronavirus pandemic’s effect on fuel demand in a ma…
Wall Street falls as U.S. crude collapse worsens 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 due to the coronavirus outbreak.
U.S. energy secretary to urge House lawmakers to buy oil for strategic reserve
The U.S. energy secretary said on Tuesday he would talk with leaders in the U.S. House of Representatives later in the day and urge them to fund the purchase of crude to fill the emergency oil reserve.
Telecom Italia and Open Fiber crank up war of words over single network
A war of words between Telecom Italia (TIM) and Open Fiber over the creation of a single broadband network in Italy escalated on Tuesday as Telecom Italia called its smaller rival’s business model a “failure”.
