Planemakers grapple with delivery delays as airline crisis grows
Boeing and Airbus face a drop in planned deliveries as airlines struggle to survive the coronavirus crisis, sending shares in planemakers plunging on Monday.
Volkswagen expects 4.1 billion euros more in diesel-related costs by 2021
Volkswagen said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects costs to rise by another 4.1 billion euros, Chief Financial Officer Frank Witter said on Tuesday.
Stocks shaky after worst Wall Street crash since 1987
World share markets and oil prices struggled on Tuesday after coronavirus panic caused Wall Street’s worst one-day rout since the Black Monday crash of 1987.
Oil prices fall below $30-per-barrel on recession fears, Saudi pump war
Oil prices fell below $30 per barrel on Tuesday, extending losses after shedding a tenth of their value on Monday, as the coronavirus pandemic hit demand while Saudi Arabia raised output to a record as it battles with Russia for market share.
Credit Suisse offers paid leave for workers needing to care for children, elderly
Credit Suisse will be giving employees needing to care for children and family members affected by the coronavirus outbreak a month of paid leave through mid-April, its chairman and CEO told staff in a memo late on Monday.
Uber suspends pooled rides in U.S., Canada to limit coronavirus spread
Uber Technologies Inc on Tuesday began suspending shared rides on its ride-hailing platform in the United States and Canada to limit the spread of the coronavirus.
Oil prices jump over $1 as sharp falls draw bargain buyers
Oil rose more than $1 on Tuesday as bargain hunters emerged after recent sharp falls due to the coronavirus pandemic and the price war between Saudi Arabia and Russia, but fears of a recession still dragged on the market.
Renault halts Spain operations after state of emergency declared
French carmaker Renault said on Tuesday that it was halting operations in Spain following the declaration of a state of emergency there in light of the coronavirus crisis.
Airbus to suspend production in France and Spain
Airbus is stopping production and assembly activities at its plants in France and Spain for the next four days as governments there implement new measures to restrict movements and fight the coronavirus outbreak, the planemaker said on Tuesday.
Tesla’s U.S. factory to stay open as coronavirus lockdown begins: report
U.S. electric vehicle maker Tesla Inc will be allowed to continue operating its Fremont factory as the San Francisco Bay Area on Tuesday begins a three-week lockdown to rein in the spread of coronavirus, the Los Angeles Times reported.
