Incoming Nokia CEO says too early to comment on strategic changes
Finnish telecom equipment maker Nokia’s incoming chief executive Pekka Lundmark told a news conference on Monday it was too soon to talk about any strategic changes.
More traffic, night lights show China’s factories restart as new virus cases drop
Nearly 300 million people have gone back to work in China since the Lunar New Year break as more companies restart business and coronavirus travel restrictions ease, although many small firms are still struggling to find enough workers to run plants.
Amazon’s fight against $277 million EU tax order kicks off in court on Thursday
Amazon will on Thursday seek to overturn an EU order to repay about 250 million euros ($277 million) in back taxes to Luxembourg at Europe’s second-highest court, one of a series of high-profile cases marking the bloc’s crackdown on unfair tax deals.
Goldman Sachs halts all non-essential business travel: memo
Goldman Sachs Group Inc has told its staff that all non-essential business travel should be postponed, according to a memo seen by Reuters.
Coronavirus hits global factories, policy easing prospects rise
Global factories took a beating in February from the coronavirus outbreak with activity in China shrinking at a record pace, surveys showed on Monday, raising the prospect of a coordinated policy response by central banks to prevent a global recession…
Airline body IATA calls on Mideast governments to help airlines handle coronavirus outbreak
Middle East governments should consider providing support to airlines to help them manage the impact of the coronavirus outbreak, which has led to a raft of flight cancellations, the industry’s largest global body said on Monday.
China Inc thinks outside the box as coronavirus keeps consumers at home
With Chinese consumers hit by quarantine and travel restrictions as well as just wary about venturing out to the shops due to the coronavirus epidemic, companies in the world’s most populous nation are experimenting with new tricks to make sales.
Think-tank report on Uighur labor in China lists global brands
Tens of thousands of ethnic Uighurs were moved to work in conditions suggestive of “forced labor” in factories across China supplying 83 global brands, an Australian think tank said in a report released on Sunday.
Lufthansa calls off flights to China until April 24 and Tehran until April 30
Lufthansa said on Monday that it was suspending flights to China until April 24 and to Tehran until April 30 due to the coronavirus outbreak.
Oil rebounds over 4% as hopes of OPEC cut, stimulus counter virus gloom
Oil prices jumped more than 4%, up from multi-year lows hit earlier on Monday, as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
