Bayer chairman quits as Roundup settlement talks progress
Bayer Chairman Werner Wenning, one of the architects of a $63 billion takeover deal that has left the German crop protection company fighting costly lawsuits, will step down in April, it said on Wednesday.
European Commission says too early to assess coronavirus impact on EU economy
It is still too early to assess the impact of the coronavirus outbreak on the European Union economy, the bloc’s economics commissioner Paolo Gentiloni said on Wednesday, adding that the bloc’s fiscal rules allow for more spending in emergencies.
Britain’s Lloyds to cut 780 jobs: union
Britain’s biggest domestic bank Lloyds is planning to axe 780 jobs as part of ongoing cost-cutting at the lender, union Unite said on Wednesday.
U.S. crude drops below $50 as Washington warns of a global pandemic
U.S. crude dropped below $50 on Wednesday, the lowest level since January 2019, as Asia, Europe and oil producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of an inevitable pandemic.
Panasonic to exit solar production at Tesla’s New York plant as partnership frays
Panasonic Corp said it would exit solar cell production at Tesla Inc’s New York plant, the latest sign of strain in a partnership where Panasonic’s status as the U.S. electric vehicle (EV) maker’s exclusive battery supplier is ending.
Toyota says Japan plants may be affected by virus-related supply issues
Toyota Motor Corp on Wednesday said that operations at its plants in Japan may be affected by supply chain issues linked to the new coronavirus outbreak in the coming weeks, as the global outbreak gathers pace.
Bayer chairman quits after making progress to settle litigation
Bayer , which is fighting claims its weedkiller Roundup causes cancer, said its Chairman Werner Wenning was stepping down because the drugs and crop protection company was making good progress in settlement talks.
World shares slump for fifth day, bets grow on interest rate cuts to counter damage
World stocks tumbled for the fifth straight day on Wednesday, while safe-haven gold rose back towards seven-year highs and U.S. bond yields held near record lows after governments and health authorities warned of a possible coronavirus pandemic.
Toyota cancels non-urgent travel for Japan workers due to coronavirus
Toyota Motor Corp on Wednesday said it would cancel all non-essential travel for employees in Japan, becoming the latest global company to curb operations as the speed of the new coronavirus outbreak appears to gather pace.
Profits surge at Peugeot maker PSA ahead of Fiat merger
Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America.
