As Americans hoard food, Campbell Soup speeds up ingredients orders
Campbell Soup said it is ordering more ingredients to ensure it can keep enough soups, sauces and snacks on hand to meet growing demand from retailers as U.S. consumers hoard food in preparation for potential coronavirus quarantines.
Keep calm and work from home during coronavirus, European banks tell workers
Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak.
GM challenges Tesla with ‘Ultium’ batteries and fleet of EVs
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.
GM CEO: North American plants secure ‘quite far into this month’
General Motors Co Chief Executive Mary Barra said on Wednesday the automaker’s North American vehicle production should be secure from parts shortages caused by the coronavirus outbreak “quite far into this month.”
GM launches advanced electric batteries to power its EVs
U.S. automaker General Motors Co on Wednesday launched Ultium, a battery with higher capacity and fast charging capabilities, to power its upcoming line of electric vehicles.
Next BoE governor Bailey sees coronavirus help for UK firms
Andrew Bailey, set to become Bank of England governor just as Britain is facing an economic hit from coronavirus, said financial support would probably have to be rushed out for companies struggling with disruption caused by the outbreak.
Next BoE boss Bailey wants clearer view on coronavirus hit before rate decision
Andrew Bailey, the next governor of the Bank of England, said on Wednesday that he wanted to see more evidence about the economic impact of the coronavirus outbreak before deciding whether to cut interest rates.
Wall Street surges after Biden’s surprise Super Tuesday lead
Wall Street surged on Wednesday, with healthcare stocks providing the biggest boost after Joe Biden overtook Bernie Sanders to become the new front-runner in the race for the Democratic presidential nomination.
Shortage of Chinese parts caused $50 billion fall in February’s global exports: U.N.
(This corrects paragraph eight of March 4 story to quote UNCTAD report saying Honda’s output will be reduced in March, rather than plants closed, and deletes reference to Hyundai.)
Oil gives up gains even as OPEC works on big output cut
Crude oil prices ended lower, giving up early gains as major oil producers, including Saudi Arabia, struggled to bring Russia on board for deeper supply cuts to try to offset a slump in demand caused by the coronavirus outbreak.
