Booking Holdings CEO tests positive for coronavirus
Online travel agency Booking Holdings said on Wednesday Chief Executive Officer Glenn Fogel has tested positive for coronavirus.
Starbucks extends coronavirus provisions for two weeks, explores more changes
Starbucks Corp on Wednesday said it will extend special coronavirus provisions, including pay increases for U.S. workers and closed dining areas, for two weeks to May 3.
Nissan says U.S. auto plants will remain closed through late April
Nissan Motor Co said on Wednesday its U.S. auto plants will remain closed through late April to help reduce the spread of the coronavirus.
Fiat Chrysler, GM try discounts, online buying to lift plunging U.S. sales
With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler and General Motors Co moved to reboot demand with seven-year, no-interest loans and programs allowing customers to buy vehicles online.
Challengers rev their engines to fight Trump’s auto emissions weakening
Just two months after taking office, President Donald Trump in March 2017 traveled to Michigan to announce that he would undo ambitious vehicle emissions standards mandated under his predecessor Barack Obama, portraying the reversal as a boost to the U…
Multi-strategy hedge funds outperformed peers as market plunged
Multi-strategy hedge funds – those that bet on a broad array of markets using teams of traders, leverage and centralized risk management – have flourished as stocks ended their worst three months since the 2008 financial crisis.
EU industry chief sees no quid pro quo in Chinese firms’ ‘mask diplomacy’
EU industry chief Thierry Breton says he does not see any ulterior motive behind Huawei [HWT.UL] and other Chinese companies’ donations of face masks to the bloc and that solidarity is the best way to tackle the global coronavirus outbreak.
Volkswagen to extend U.S. production halt until April 12
Volkswagen AG said on Wednesday it is extending a production halt at its Chattanooga, Tennessee, assembly plant until April 12 because of the coronavirus pandemic.
Oil market shock to spill over into global supply chains: IEA
The global crisis caused by the coronavirus pandemic will be felt throughout oil’s global supply chains and ripple into other parts of the energy sector, the International Energy Agency (IEA) said in a report on Wednesday.
U.S. dollar gains as global recession looms
The dollar advanced on Wednesday, with markets bracing for what is shaping up to be one of the worst economic contractions in decades as the world confronts the coronavirus pandemic.
