Emirates airline asks staff to take one month unpaid leave over coronavirus
Major international airline Emirates is asking staff to take unpaid leave for up to a month at a time due to the rapidly spreading coronavirus that has led to flight cancellations around the world.
Amazon adds warehouse network closer to cities to speed up same-day delivery
Amazon.com Inc has quietly opened a series of small warehouses closer to big U.S. cities in a move to shave hours off delivery times, the company told Reuters.
Oil extends gains amid optimism for coordinated effort to offset virus
Oil prices extended gains on Tuesday on expectations that central banks are likely to enact financial stimulus to offset the impacts of the coronavirus outbreak and growing optimism that OPEC will order deeper output cuts this week.
Foxconn to resume normal production in virus-hit China by end of March
Apple supplier Foxconn said it would resume normal production in China by the end of the month and that more than half its seasonal workforce in the country had restarted work following the coronavirus outbreak.
Global shares extend recovery on hopes of policy easing, eye G7 for cues
Global stocks and oil prices extended gains on Tuesday as policymakers indicated their willingness to help ease the economic fallout from the coronavirus, while worries about the outcome of a call by Group of Seven heads kept a lid on gains.
Lindt promises sweet dividend and further growth
Swiss chocolate maker Lindt & Spruengli on Tuesday proposed a sweeter payout to shareholders, increasing its dividend by 75% to mark its 175th anniversary.
Lindt posts higher profit, 75% jump in dividend
Switzerland’s Lindt & Spruengli proposed a sweeter payout to shareholders on Tuesday with a proposal to increase its divided by 75% to mark its 175th anniversary, the chocolate maker said on Tuesday.
UBS’s Ermotti nominated to become Swiss Re chairman in 2021
Swiss Re said it will nominate UBS Group Chief Executive Sergio Ermotti to be its next chairman, the Swiss reinsurer said on Tuesday.
Global shares extend rebound on policy easing hopes, eye G7 for cues
Global shares and oil prices extended their rebound on Tuesday as policymakers indicated their willingness to move to ease the economic fallout from the coronavirus, while investors waited for a conference call by Group of Seven heads for trading cues….
Xerox, HP blame each other as takeover battle heats up
U.S. printer maker Xerox Holdings Corp took its $35 billion bid for HP Inc to the U.S. personal computer maker’s shareholders on Monday, with a formal tender offer and a rebuttal to HP’s account of why they could not negotiate a deal.
