Big tech firms ask Seattle employees to work from home over coronavirus fears
Alphabet Inc’s Google on Thursday joined Amazon.com Inc, Facebook Inc and Microsoft Corp in recommending employees in the Seattle area to work from home, after many were infected with the coronavirus in the region.
Portugal’s TAP cancels 1,000 flights in March-April as coronavirus hits demand
Portugal’s flag carrier TAP canceled around 1,000 flights scheduled in March and April on Thursday after concerns about the coronavirus epidemic led to a fall in demand and said it envisaged an unspecified impact on revenues.
Walmart’s Flipkart faces further anti-trust probe in India
Walmart Inc’s Flipkart faces a further anti-trust probe in India after an appellate tribunal asked the competition watchdog to investigate whether the company had abused its dominant position in e-commerce.
Kroger’s quarterly profit, sales top estimates on private-label strength
U.S. supermarket chain Kroger Co topped fourth-quarter profit and sales estimates on Thursday, boosted by strong demand for its high-margin private-label brands, sending its shares up as much as 7.2%.
Portugal’s TAP cancels around 1,000 flights in March-April over coronavirus
Portugal’s flag carrier TAP cancelled a total of around 1,000 flights this month and next due to a fall in demand over concerns about the spreading coronavirus, the company said on Thursday, also envisaging an unspecified impact on revenues.
Low rates, warming housing market – is it deja vu for Bank of Canada’s Stephen Poloz?
Bank of Canada Governor Stephen Poloz looks ready to end his term where he began, setting interest rates near historic lows to support the broader economy at the risk of stoking higher prices in a housing market that is heating up.
Russia can cope with oil price drop if no OPEC cut agreed -Finance Minister
Russia is fiscally prepared to cope with a drop in oil prices, Finance Minister Anton Siluanov said on Thursday, as OPEC tries to convince Moscow to support the market with a deeper output cut in the wake of the coronavirus outbreak.
Oil eases as demand worries overshadow OPEC deal to deepen supply cuts
Oil prices edged lower on Thursday as the coronavirus epidemic showed no signs of slowing, with deaths mounting globally, but losses were limited as major producers agreed on deeper output cuts to bolster prices.
3M taps regional suppliers to meet soaring demand for masks
Diversified manufacturer 3M Co has avoided major supply chain disruptions from the coronavirus outbreak by sourcing materials for its protective face masks from regional suppliers instead of far-flung locations, a company official told Reuters.
Kazakhstan says OPEC+ countries yet to reach consensus on extension: TASS
Kazakhstan’s Energy Minister Nurlan Nogayev said on Thursday that OPEC and non-OPEC oil exporters have not yet reached consensus on the parameters of an extension on their oil output deal, the TASS news agency reported.
