Trump administration working to ease drilling industry cash crunch
The Trump administration is seeking to ease a severe cash crunch in the drilling industry by raising loan limits available under a coronavirus stimulus package and by barring lenders from discriminating against drillers, according to Energy Secretary D…
Volkswagen China boss sees sales in China on recovery course
Volkswagen Group said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period but was hopeful on Friday that the Chinese market would recover soon as it moves out of the coronavirus crisis.
Portugal’s car parts makers resume production as coronavirus spread slows
Portuguese car component manufacturers, among the country’s top exporters, are calling thousands of employees back to work even before a nationwide COVID-19 lockdown is lifted as Europe’s automotive sector resumes production.
UK to allow company meetings online or on the phone in pandemic
Companies will be able to hold their annual shareholders’ meeting over the phone or online during the coronavirus pandemic under a promised new law, Britain’s business ministry and accounting watchdog said on Friday.
Venture-backed startups line up for U.S. government stimulus loans after weighing risks
The COVID-19 pandemic arrived just as Respond Software CEO and co-founder Mike Armistead was trying to sell automated cyber security software to new clients. Most of them are no longer in a buying mood. So Respond Software, a 50-employee, venture-backe…
Oil mixed as Chinese economy overshadows Trump plan to ease lockdown
Oil prices were mixed on Friday as news of President Donald Trump’s plans to ease the U.S. coronavirus lockdown to get the American economy moving again were quickly overshadowed by China’s worst quarterly economic contraction on record.
Futures jump on Trump’s restart plan, coronavirus drug hopes
U.S. stock index futures bounced more than 2% on Friday as President Donald Trump laid out plans to re-open an economy shut down by the coronavirus outbreak and on reports of encouraging data on a drug to potentially treat COVID-19.
Super-charged stocks race toward second weekly gain
World stock markets made a super-charged sprint towards a second straight week of gains on Friday after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves elsewhere.
Volkswagen sales down 23% in Jan-March, March alone off 37.6%
Volkswagen Group on Friday said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period.
China parliament’s top body to meet from April 26 to April 29
The top body of China’s parliament will meet in the capital city of Beijing from April 26 to April 29, the official Xinhua news agency reported on Friday.
