Crude nears end of worst week in a decade, hit by coronavirus and price war eruption
Oil prices were on track for their worst week since the 2008 global financial crisis after the coronavirus outbreak rocked the world economy while top exporter Saudi Arabia and its allies stepped up plans to flood the market with record levels of suppl…
Several Renault-Nissan plants in Spain halted amid coronavirus outbreak
Several Renault-Nissan plants in Spain halted production temporarily on Friday or were planning stoppages next week due to a lack of parts amid the coronavirus epidemic, company officials said.
Exclusive: U.S. Fed, banks discuss possible leniency on liquidity threshold to aid lending, sources say
The U.S. Federal Reserve is talking with lenders about potentially going easy on them if they deplete their liquidity reserves while trying to support customers hurt by coronavirus disruption, according to three people with knowledge of the discussions…
Major U.S. internet firms agree not to cancel service over next 60 days: FCC
The Federal Communications Commission said Friday that major internet providers – including Comcast Corp, AT&T Inc and Verizon Communications Inc – agreed not to terminate service for subscribers for the next 60 days if they are unable to pay their bills due to disruptions caused by the coronavirus.
Tesla chief Elon Musk’s trial postponed due to coronavirus
Elon Musk’s expected defense of a $2.2 billion deal in court was postponed on Friday from its expected Monday start, due to the coronavirus outbreak.
Airlines seek cost cuts and aid to survive coronavirus
British Airways warned of job losses and Norwegian Air said it had “weeks not months” to avert collapse, as airlines look for cost cuts and government help in the face of a crippling travel slump brought on by the coronavirus.
Musk trial over Tesla-Solarcity deal postponed due to coronavirus outbreak
Monday’s trial over shareholder accusations that Telsa Inc Chief Executive Elon Musk pushed the electric vehicle maker to buy an allegedly worthless SolarCity for $2.2 billion to benefit himself has postponed without a new date being set, a spokesman a…
Major U.S. internet firms agree to not cancel service over next 60 days, FCC says
The Federal Communications Commission (FCC) said Friday that major internet providers — including Comcast Corp, AT&T Inc and Verizon Communications Inc — have agreed to not terminate service for the next 60 days if they are unable to pay their bills due to the disruptions caused by the coronavirus.
Wall Street rebound loses steam on report Trump to declare emergency
A rebound on Wall Street on Friday fizzled out following reports that President Donald Trump was set to declare a national emergency to tackle the rapidly spreading coronavirus outbreak.
GM, Ford to have white-collar employees work remotely starting Monday
U.S. automakers General Motors Co and Ford Motor Co said on Friday they will have most of their white-collar workforce working remotely as of Monday to protect against the spread of the coronavirus.
