Starbucks brings Beyond Meat to China with new plant-based lunch menu
Starbucks Corp said on Monday it would roll out a new plant-based lunch menu in China this week, launching Beyond Meat Inc’s products in a country where it is trying to recover from the novel coronavirus pandemic-led shutdown.
Crude claws back into positive territory but historic crash spooks investors
U.S. crude oil bounced back into positive territory on Tuesday, after a historic plunge below zero that shocked investors and pushed down stock prices and Asian currencies.
Virgin Australia enters voluntary administration with aim to recapitalize
Virgin Australia Holdings Ltd said on Tuesday it has entered voluntary administration to recapitalize the business and emerge in a stronger financial position after being battered by the coronavirus crisis and a high debt load.
Nissan to shut down global headquarters, other Japan facilities through mid-May due to virus
Nissan Motor Co on Tuesday said that it would temporarily shut down operations at its global headquarters and other facilities in Japan through early May to contain the spread of the coronavirus at its sites.
Senate moves toward possible Tuesday coronavirus vote, Pelosi sees deal ‘on principles’
The U.S. Congress on Monday inched toward a $450 billion deal to help small businesses and hospitals hurt by the coronavirus pandemic, with House Speaker Nancy Pelosi saying negotiators had come to terms on the ‘principles’ of the package as the Senate…
Oil prices bounce back, U.S. crude futures trade above zero
Oil prices rebounded on Tuesday, with U.S. crude turning positive after trading below $0 for the first time ever, but gains were capped amid unresolved concerns about how the market can cope with fuel demand decimated by the coronavirus pandemic.
U.S.’ Pelosi: negotiators agreed ‘principles’ of next coronavirus aid package
U.S. House Speaker Nancy Pelosi said on Monday Republican and Democratic negotiators have come to terms on the “principles” of the next coronavirus relief package, which is expected to focus on more aid for small businesses and be taken up in the U.S. …
Explainer: What is a negative crude future and does it mean anything for consumers?
The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut as the coronavirus pandemic halts travel and curbs economic activity.
U.S. Treasury releases $2.9 billion in airline support, finalizes payroll agreements
The U.S. Treasury Department said on Monday it had disbursed $2.9 billion in initial payroll assistance to 54 smaller passenger carrier and two major passenger airlines, while it finalized grant agreements with six major airlines.
Exclusive: Lord & Taylor explores bankruptcy as stores remain shut in coronavirus pandemic
Lord & Taylor is exploring filing for bankruptcy protection after it was forced to temporarily shut all of its 38 U.S. department stores in the wake of the coronavirus outbreak, people familiar with the matter said on Monday.
