South Korean e-commerce firm Coupang stretched by order surge as coronavirus cases jump
As South Korea’s coronavirus cases leapt above 5,000 this week, mask-wearing workers at a logistics center run by e-commerce firm Coupang Corp raced to disinfect trucks and load thousands of boxes of microwavable rice, disposable diapers and kitchen to…
Canopy Growth to close two greenhouses, cut about 500 positions
Pot producer Canopy Growth Corp said on Wednesday it plans to close two of its greenhouses in Aldergrove and Delta, British Columbia, cutting about 500 positions.
Stocks rally as Biden surge offsets coronavirus fears
The dollar and global equities rose on Wednesday as a strong showing by Joe Biden in the U.S. Democratic presidential primaries cheered the markets, though the economy-slowing coronavirus outbreak kept investors on tenterhooks.
Fed adopts new ‘stress capital buffer’ for large U.S. banks
The U.S. Federal Reserve unveiled new rules on Wednesday that create a “stress capital buffer” to determine how much banks must hold in reserve to guard against downturns.
EU executive seeks to crack down on gender pay gap
The European Union’s executive aims to introduce laws to combat gender pay gap across the bloc for the first time ever in a bid to fight inequality and boost the economy, according to a document seen by Reuters ahead of official publication.
Factbox: Airlines suspend flights due to coronavirus outbreak
Airlines have been suspending flights or modifying services in response to the coronavirus outbreak.
United Airlines cuts flights, freezes hiring on coronavirus-hit demand
United Airlines Holdings Inc is slashing its flying schedule and implementing a series of cost-cutting measures in some of the most drastic actions by a U.S. airline to date as the spreading coronavirus has depressed air travel demand.
GM takes aim at Tesla with ‘Ultium’ batteries and fleet of electric vehicles
General Motors Co Chief Executive Mary Barra said Wednesday the Detroit automaker will invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk’s Tesla Inc as vehicles go electric.
Global stocks rally as Biden surge offsets coronavirus fears
The dollar and world equity markets rose on Wednesday as investors were cheered by a strong showing by Joe Biden in the U.S. Democratic presidential primaries, although the economy-slowing coronavirus outbreak kept investors on tenterhooks.
Uber open to using self-driving tech from competition: CEO
Uber Technologies Inc’s self-driving unit is open to using technology from competitors in the industry, the company’s chief executive said on Wednesday.
