Total among companies seeking force majeure on EDF contracts: sources
Energy major Total is among several power suppliers that tried to declare force majeure on buying nuclear power from EDF, sources said, as the coronavirus outbreak has pushed prices in the French electricity market far below existing contracts.
CVS ramps up drive-through coronavirus testing sites with faster kits
CVS Health Corp , called on by the Trump administration last month to help test Americans for infections from the new coronavirus, said it was launching two offsite testing locations with Abbott Laboratories’ faster diagnostic kit and would be able to…
Allstate to return $600 million in auto premiums to customers as pandemic cuts driving
U.S. insurer Allstate Corp said on Monday that it would return more than $600 million in auto insurance premiums to customers as many Americans stay home and drive less due to “shelter-in-place” orders to curb the coronavirus outbreak.
JPMorgan CEO Dimon calls ‘bad recession’, mulls suspending 2020 dividend
JPMorgan Chase & Co’s top boss, Jamie Dimon , on Monday said he sees a “bad recession” in 2020, and that the largest U.S. bank could suspend its dividend if the coronavirus crisis deepens.
U.S. officials brace for ‘peak death week’ in coronavirus
U.S. officials on Monday girded the country for a “peak death week” from the coronavirus pandemic as the accelerating American death toll closed the gap with Italy and Spain, the countries with the most fatalities to date.
ILO annual gathering of labour ministers postponed for a year
An annual gathering of the world’s labour ministers will not take place this year because of the coronavirus pandemic, but will convene in June 2021, the International Labour Organization (ILO) said on Monday.
As infections balloon, coronavirus squeezes Europe’s armed forces
Military forces across Europe have scaled back operations and imposed stricter rules on personnel to try to stem the spread of the coronavirus among staff who often live and work in close quarters, making them more vulnerable to infection.
Tiger at New York’s Bronx Zoo tests positive for coronavirus
A tiger at the Bronx Zoo in New York City has tested positive for the respiratory disease caused by the novel coronavirus, in the first known case of a human infecting an animal and making it sick, the zoo’s chief veterinarian said on Sunday.
Uber connects out-of-work U.S. ride-hail drivers to delivery, production jobs
Uber Technologies Inc said on Monday its app will list job openings in the delivery, food production and grocery industry that its U.S. drivers can access during a slump in ride-hailing demand due to the coronavirus.
GSK to partner with Vir for potential COVID-19 treatments, invest $250 million
British drugmaker GlaxoSmithKline will invest $250 million in Vir Biotechnology Inc and collaborate to develop potential antibody treatments for COVID-19, the disease caused by the new coronavirus, the companies said on Monday.
