ECB working on lending scheme for coronavirus-hit companies: sources
The European Central Bank is preparing possible measures to provide liquidity to businesses hit by the economic fallout of the coronavirus outbreak, three sources familiar with the discussion told Reuters.
Virus to dent Foxconn’s consumer electronics revenue in first-quarter
Apple supplier Foxconn warned revenue would drop 15% in businesses including consumer electronics and enterprise products in the first quarter, but that it would recover thereafter as production returns to normal in virus-hit China.
French carmaker PSA has enough supplies to keep European plants running
French carmaker PSA has managed for ensure that its European facilities have enough supplies to keep running for now during the coronavirus outbreak, chief executive officer Carlos Tavares said on Tuesday.
Olympics: Tokyo 2020 wheelchair rugby test event canceled over coronavirus
This month’s wheelchair rugby test event has been canceled due to the coronavirus outbreak, Tokyo 2020 organizers said on Tuesday.
BMW says coronavirus hit China sales but sticks to 2020 global target
BMW on Tuesday said its China sales have taken a hit this year because of the new coronavirus, but stuck to its target for growing passenger car sales for the year, and said its global supply chain has not been disrupted.
Toyota names new finance chief in executive shake-up
Toyota Motor Corp named Kenta Kon as its next chief financial officer on Tuesday and said it would scrap executive vice president (EVP) roles as part of a drive to streamline the company’s structure, improve production systems and cut costs.
Rebound rumbles on as G7 send support signal
Global stocks and commodity markets extended a tentative recovery from their coronavirus slump on Tuesday, as global policymakers signaled a united front to address the economic fallout from the spreading outbreak.
Tokyo 2020 Wheelchair rugby test event canceled over coronavirus concerns
The Japan Para Sports Association and Tokyo 2020 Olympic and Paralympic organizers moved to cancel this month’s wheelchair rugby test event on Tuesday due to the coronavirus outbreak.
Swiss Re lines up UBS CEO Ermotti to become chairman in 2021
Swiss Re plans to make UBS Group Chief Executive Sergio Ermotti its chairman from next year, the world’s second-biggest reinsurer said on Tuesday, turning to a financial industry veteran with scant insurance experience.
J&J ordered to pay $1.7 million to three Australian women in pelvic mesh class action
An Australian court on Tuesday ordered Johnson & Johnson to pay three women a total of A$2.6 million ($1.7 million) plus legal costs as compensation for misleading patients and surgeons about the risks of its pelvic mesh implants.
