Emirates stops flights to New York and other cities as virus crushes demand
Emirates is suspending flights to cities including New York, Delhi and Melbourne due to the coronavirus outbreak that has severely hit travel demand.
Exclusive: Agitating bondholders press Argentina to step up efforts
Agitating bondholders have written to Argentina’s government, accusing it of not doing enough to allow the country’s crucial debt restructuring negotiations to make progress, according to bondholder sources involved in the process.
Exclusive: Amazon raises overtime pay for warehouse workers
Amazon.com Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses, as the world’s largest online retailer tries to meet the rapidly growing demand for online shopping from consumers stuck at home during the corona…
Best Buy withdraws fiscal 2021 financial guidance
Best Buy Co Inc said on Saturday that the company withdrew all financial guidance for fiscal 2021, for both the first quarter and full year, due to increased uncertainty related to the potential impacts of the coronavirus.
Shame on you, Britain tells coronavirus panic-buyers
Britain on Saturday told people who were panic-buying and hoarding food due to the coronavirus outbreak to calm down, pointing to a video on social media showing an exhausted nurse driven to tears by finding shelves bare after her shift.
LVMH orders 40 million masks from China for France
LVMH , the world’s biggest luxury goods group, is ordering 40 million health masks from a Chinese supplier to help France cope with the coronavirus outbreak.
Volkswagen to shut some factories for more than two weeks: CEO
German carmaker Volkswagen AG said on Saturday its factories will be closing for two weeks and in some regions three, amid growing concerns over the spread of the coronavirus.
Wells Fargo asks Fed to lift cap on growth to support customers: FT
Wells Fargo & Co has asked the U.S. Federal Reserve to remove an asset cap introduced during its accounts scandal in order to allow it to support businesses and customers hit by the coronavirus economic fallout, the Financial Times reported.
Panasonic to suspend battery production at Tesla joint venture in Nevada due to coronavirus
(This story was refiled to say news was earlier reported by the Reno Gazette Journal)
Google launches coronavirus website in the United States
Alphabet Inc’s Google said on Saturday it launched a United States-focused website with information about coronavirus guidance and testing, as the country works on slowing the spread of the highly contagious virus.
