Kraft Heinz ask employees to work from home; provide travel restriction
Kraft Heinz Co said on Sunday it has asked office employees to work from home as the coronavirus continues to spread.
Oil giants set health checks for critical staff, work-from-home rules
Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread and threatened an industry reeling from falling demand and profits.
Ford to shut Spanish factory for one week due to coronavirus outbreak
Ford said on Sunday it would shut its Spanish plant in the eastern region of Valencia for one week starting on Monday after three employees tested positive for coronavirus.
Oil giants set work-at-home rules for offices, health checks for critical staff
Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread across the United States and threatened an industry reeling by falling demand and pro…
Germany tries to stop U.S. from luring away firm seeking coronavirus vaccine
Berlin is trying to stop Washington from persuading a German company seeking a coronavirus vaccine to move its research to the United States, prompting German politicians to insist no country should have a monopoly on any future vaccine.
Saudi Aramco’s 2019 profit down 21%, cuts spending
Saudi Arabia’s state oil giant Aramco said on Sunday its 2019 profit fell almost 21% due to lower crude oil prices and a drop in production volumes.
The plumbing behind world’s financial markets is creaking. Loudly
The coronavirus panic is jolting stock markets, with steep drops in major indexes grabbing the public’s attention. But behind the scenes, there is less understood and potentially more worrying evidence that stress is building to dangerous levels in crucial arteries of the financial system.
Nike to close all stores in U.S. and several other countries
U.S. sportswear giant Nike Inc said on Sunday it is closing all of its stores in the United States and several other countries to limit the spread of the coronavirus.
Germany tries to stop US from luring away firm seeking coronavirus vaccine
Berlin is trying to stop Washington from persuading a German company seeking a coronavirus vaccine to move its research to the United States, prompting German politicians to insist no country should have a monopoly on any future vaccine.
Haven assets losing their mojo in virus-stricken market
A rush to safety amid a massive drop in stocks has stretched prices for haven assets, leaving investors fewer places to hide in the wake of a freshly-minted bear market.
