U.S. insurers use lofty estimates to beat back coronavirus claims
U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover.
Scrub that: Pandemic forces ship owners to shelve anti-pollution gear
Ship owners are postponing or cancelling the installation of “scrubbers” that extract harmful sulphur emissions from their vessels as the coronavirus pandemic tightens finances.
Asia stocks slide as coronavirus fears return
Asian shares fell sharply on Friday and oil prices extended losses on growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery in economies reopening from lockdowns, or even lead to fresh restrictions.
Honda resumes production at plants hit by suspected cyber attack
Japan’s Honda Motor Co has resumed production at automobile and motorcycle plants in the United States and other countries after they were hit by a suspected cyber attack this week, a spokesman said on Friday.
U.S. lawmakers ask Zoom to clarify China ties after it suspends accounts
Three U.S. lawmakers asked Zoom Video Communications Inc to clarify its data-collection practices and relationship with the Chinese government after the firm said it had suspended user accounts to meet demands from Beijing.
Pandemic heightens chance Japan slides back into deflation: Reuters poll
The coronavirus pandemic has raised the chance Japan’s economy will slip back into deflation as social curbs to halt the spread of the disease hits businesses and consumers, a majority of analysts polled by Reuters said.
Oil extends slump as prospect of second viral wave in U.S. ends rally
Oil prices fell on Friday, extending heavy overnight losses as a surge in U.S. coronavirus cases this week raised the prospect of a second wave of the COVID-19 outbreak hitting demand in the world’s biggest consumer of crude and fuel.
Asian shares, oil slump as coronavirus fears take hold
Asian shares fell sharply on Friday after Wall Street and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery in economies reopening from lockdowns.
Oil prices extend slump as U.S. coronavirus cases climb
Oil prices slid early on Friday, extending heavy overnight losses on a surge in U.S. coronavirus cases this week that has raised the prospect of a second wave of the outbreak slamming demand in the world’s biggest consumer of crude and fuel.
Asian stocks set to fall sharply as Wall Street tumbles
Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies.
