Huawei to build first European 5G factory in France to soothe Western nerves
Huawei will build its first European manufacturing plant in France, the chairman said on Thursday, as the Chinese telecom giant seeks to ease worldwide concerns stoked by U.S. charges that Beijing could use its equipment for spying.
Coronavirus fear grips stocks, oil; Treasury yields at record low
Stocks across the globe and oil prices continued to tumble on Thursday and U.S. Treasury yields hit record lows as traders fretted over the economic impact of the spreading coronavirus.
Bayer cools prospect of imminent glyphosate settlement
German drugs and pesticides company Bayer was at pains on Thursday to quell expectations it was nearing an out-of-court settlement laying to rest claims its glyphosate-based weedkillers cause cancer.
Oil prices slide for fifth day to lowest in a year as virus fears grow
Oil prices plunged more than 4% on Thursday, down for a fifth day to their lowest since January 2019 as more new coronavirus cases outside China fed fears of a pandemic that could slow the global economy and dent demand for crude.
French carmaker PSA unveils mini electric Citroen car
Citroen, one of French carmaker PSA’s brands, unveiled a mini electric car on Thursday aimed at young city dwellers.
Traders betting Fed will slash rates amid coronavirus threat
The U.S. central bank will move aggressively to cut borrowing costs as soon as next month, trimming an extraordinary three-fourths of a percentage point by mid-year to cushion the world’s biggest economy from the impact of the coronavirus, traders of f…
South African unit of Philip Morris welcomes tax stance on cigarette alternatives
The South African unit of cigarette maker Philip Morris International Inc welcomed the government’s decision to introduce a lower excise tax on heated tobacco products than on regular cigarettes.
Microsoft shares fall 4% after warning of coronavirus hit to supply chain
Shares of Microsoft Corp fell more than 4% on Thursday after the company warned of weakness in PC business due to a hit to its supply chain from the coronavirus outbreak, echoing similar statements from Apple Inc and HP .
Telecom Italia board meets to discuss KKR’s proposals for Italian broadband
The board of Telecom Italia (TIM) met on Thursday to discuss proposals by U.S. investment firm KKR for a broadband investment in the country as the government pushes for a unified ultra-fast network.
Wall Street set for steep fall on alarm over fast-spreading virus
Futures indicated that the Dow Jones Industrials index would shed more than 300 points at the open on Thursday after the rapid spread of the coronavirus outside China deepened worries about growth and corporate earnings.
