FRANKFURT (Reuters) – German drugs and pesticides company Bayer said the economic downturn has prompted it to take a tougher stance in talks to settle claims its glyphosate-based weedkillers cause cancer, even as its earnings rose. The pandemic has significant... More »
LONDON (Reuters) – The European Central Bank meets on Thursday, the ink barely dry on its emergency bond-buying scheme, and markets are already asking what more it will do to help the euro zone economy through the coronavirus crisis. Its emergency stimulus, wh... More »
(Reuters) – More than 2.97 million people have been reported to be infected by the novel coronavirus globally and 205,948 have died, according to a Reuters tally, as of 0200 GMT on Monday. DEATHS AND INFECTIONS * For an interactive graphic tracking the global ... More »
BEIJING (Reuters) – Starbucks on Monday said it has entered a strategic partnership with investment firm Sequoia Capital China that will see the two companies make strategic co-investments in China’s technology sector. The U.S. coffee giant said in a statement... More »
(Reuters) – Amazon.com Inc (AMZN.O) is piloting the use of video conference calls to verify the identity of merchants who wish to sell goods on its websites, in a new plan to counter fraud without in-person meetings in the pandemic, the company said on Sunday.... More »
BERLIN (Reuters) – Germany changed course on Sunday over which type of smartphone technology it wanted to use to trace coronavirus infections, backing an approach supported by Apple and Google along with a growing number of other European countries. Countries ... More »
TEL AVIV (Reuters) – Israeli defense contractor Elbit Systems said on Sunday it won a contract worth about $103 million to supply electronic warfare (EW) suites for an air force of an Asian country. The contract will be carried out over three years and include... More »
FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) has declined a request by prominent U.S. senators to provide information about the German lender’s recent business dealings with U.S. President Donald Trump and his family, according to a letter this week seen by ... More »
(Reuters) – The United States Oil Fund LP, the largest oil-focused exchange-traded product (ETP) in the country, is moving to spread out its investments in oil futures in response to extreme market turbulence, it said in a filing on Wednesday. USO said it may ... More »
FRANKFURT (Reuters) – Daimler and Volvo Trucks have agreed to join forces to develop, produce and sell fuel cell systems for heavy-duty vehicles, in a sign that the coronavirus crisis is accelerating consolidation. Global car and truck makers are exploring way... More »
WASHINGTON (Reuters) – President Donald Trump said on Monday he will suspend all immigration into the United States temporarily through an executive order in response to the coronavirus outbreak and to protect American jobs. The move, which the Republican pres... More »
(Reuters) – A historic rout in oil markets sent U.S. crude prices plummeting to as much as minus $40 a barrel as traders rushed to get rid of unwanted stocks with storage capacity already overflowing amid a coronavirus-induced demand collapse. U.S. West Texas ... More »
TOKYO (Reuters) – Nissan Motor Co (7201.T) said on Tuesday it will shut its global headquarters in Japan for 16 days through early May to contain the spread of the coronavirus, even though the government has permitted keeping workplaces open to get the economy... More »
STOCKHOLM (Reuters) – Swedish truck maker Volvo (VOLVb.ST) said on Tuesday it had signed a deal with German rival Daimler (DAIGn.DE) to set up a joint venture to develop and produce fuel cell systems for heavy-duty vehicles. Daimler will consolidate all its cu... More »
MILAN (Reuters) – Workers at Ferrari (RACE.MI) are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume production. U... More »
WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi said on Monday Republican and Democratic negotiators have come to terms on the “principles” of the next coronavirus relief package, which is expected to focus on more aid for small businesses and be taken ... More »
WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he was working with state governors to make sure they had the resources needed to ramp up coronavirus testing and added that New York Governor Andrew Cuomo would visit the White House to discuss... More »
WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he hoped negotiators in Congress would reach a deal to provide more aid for small businesses hurt by the coronavirus pandemic, with a vote possible in the Senate on Tuesday. “We hope to have an ... More »
(Reuters) – International Business Machines Corp’s (IBM.N) clients have shifted priorities toward saving capital in recent weeks because of COVID-19, hitting software sales in particular, new Chief Executive Officer Arvind Krishna said as the company withdrew ... More »
(Reuters) – Facebook Inc (FB.O) said on Monday that it has removed events in Nebraska, New Jersey and California promoting protests against stay-at-home measures amid the COVID-19 pandemic caused by the new coronavirus. But the social media company, which has ... More »
(Reuters) – The coronavirus crisis has seen millions locked in their homes turn to videoconferencing apps, bringing with it question marks over security and privacy and a new verb – Zoombombing – the practice of uninvited users crashing into conversations. Fro... More »
WASHINGTON (Reuters) – The five-member Federal Communications Commission voted unanimously to approve an order to allow Ligado Networks[MOSAV.UL] to deploy a low-power nationwide 5G network despite objections from the U.S. Defense Department, other federal age... More »
(Reuters) – Shopify Inc said on Monday it would provide cash advances to small businesses in Canada that are struggling due to the impact of the coronavirus outbreak on the global economy. The Canadian e-commerce company launched a financing program, “Shopify ... More »
BENGALURU (Reuters) – India’s Infosys suspended its full-year 2021 revenue forecast on Monday, joining its software outsourcing rivals in flagging a hit to its business as the coronavirus pandemic freezes client activity in the United States and Europe. Infosy... More »
BERLIN (Reuters) – A rift has opened up over the design of smartphone apps to trace people in Europe at risk of coronavirus infection, potentially hindering efforts to curb the pandemic and ease crippling travel restrictions. Scientists and researchers from mo... More »
WASHINGTON (Reuters) – U.S. Democrats and Republicans are near agreement on extra money to help small businesses hurt by the coronavirus pandemic and could seal a deal as early as Monday, President Donald Trump said on Sunday. Trump told his daily White House ... More »
(Reuters) – AMC Entertainment Holdings Inc (AMC.N), the world’s largest movie theater operator, said on Friday it has enough cash to withstand a global suspension of operations until a possible partial reopening of its locations in July. The company said it wa... More »
MANILA (Reuters) – The Asian Development Bank [ADB.UL] announced on Monday it was tripling the size of its rescue package to $20 billion to help developing countries in Asia counter the severe macroeconomic and health effects of the coronavirus pandemic. It pr... More »
CHICAGO (Reuters) – Major meat companies in the United States and Canada have closed plants temporarily due to cases of the new coronavirus and concerns about its spread. Here are some facilities that have shut or reduced production: * JBS USA [JBS.UL] shut a ... More »
CHICAGO (Reuters) – Smithfield Foods, the world’s biggest pork processor, said on Sunday it will shut a U.S. plant indefinitely due to a rash of coronavirus cases among employees and warned the country was moving “perilously close to the edge” in supplies for ... More »
TOKYO (Reuters) – The agreement by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to cut output failed to reach the reduction levels expected by the market, leading to oil prices remaining stagnant, the head of the Japanese petrole... More »
SEOUL (Reuters) – Kia Motors Corp (000270.KS) told its labour union in South Korea that it wants to suspend operations at three of its domestic factories as the coronavirus outbreak weighs on exports to Europe and the United States, a union official said on Mo... More »
CAIRO (Reuters) – Iraq’s oil minister said late on Sunday that the big oil cut deal reached at an OPEC+ meeting would help stabilize the market. Thamer al-Ghadhban said in a statement that the “massive oil cut deal will help lower oil inventories and boost pri... More »
AMSTERDAM (Reuters) – Several Dutch cellular broadcasting towers have been damaged by arson or sabotage in the past week by opponents of a rollout of a new 5G telecommunications network, newspaper De Telegraaf reported on Saturday. The paper said there have be... More »
ZURICH (Reuters) – Siemens will not cut its workforce because of the economic downturn triggered by the new coronavirus, Chief Executive Joe Kaeser said, although short-time working measures could be extended in Germany. “No one at Siemens will leave because o... More »
SINGAPORE (Reuters) – Singapore has suspended the use of video-conferencing tool Zoom by teachers after “very serious incidents” in the first week of a coronavirus lockdown that has seen schools move to home-based learning. One incident involved obscene images... More »
SHENZHEN, China (Reuters) – A prominent Chinese lawyer who served on the board of telecoms equipment giant ZTE Corp has resigned after several news articles in state-backed media reported that he was under investigation for alleged sexual assault. ZTE said in ... More »
BEIJING (Reuters) – China’s foreign ministry said on Friday that Beijing is opposed to any action by the United States to revoke China Telecom Corp’s authorisation to provide international telecommunications to and from the United States. Chinese foreign minis... More »
JAKARTA (Reuters) – As coronavirus cases surge in Indonesia, doctors are working double-time treating patients both at hospitals and online through healthtech startups – an approach that is quickly becoming part of the national healthcare system. Doctor Mohamm... More »
(Reuters) – Uber Technologies Inc (UBER.N) on Thursday said it plans to ship millions of face masks to its active drivers and food delivery people around the world to help prevent the spread of the novel coronavirus. The ride-hailing company’s vice president o... More »
HELSINKI (Reuters) – A quick-thinking Helsinki bakery has saved itself from financial ruin due to the new coronavirus pandemic by creating a cake that looks like a toilet roll. The dismayed staff at the Ronttosrouva bakery found all their orders cancelled last... More »
WASHINGTON (Reuters) – The head of the examination office at the U.S. Securities and Exchange Commission (SEC) on Tuesday published details about the expected scope and content for compliance with a new rule requiring broker-dealers and investment advisers to ... More »
(Reuters) – Geico Corp, part of billionaire Warren Buffett’s Berkshire Hathaway Inc, said on Tuesday it will offer about $2.5 billion of credits to its 19 million auto and motorcycle policyholders, reflecting the decline in driving stemming from the coronaviru... More »
(Reuters) – Boeing Co said on Monday it would send its Starliner astronaut spacecraft on another unmanned mission to the International Space Station, months after its last flight was cut short because of a software bug. During the December test, a series of so... More »
BERLIN (Reuters) – ResearchGate, a social network site for scientists and researchers, has launched a new forum to facilitate collaboration between COVID-19 experts on research into beating the flu-like disease caused by the novel coronavirus. The site here de... More »
BERLIN (Reuters) – Investor morale in the euro zone fell to an all-time low in April and the bloc’s economy is in deep recession due to the coronavirus, which is “holding the world economy in a stranglehold”, a survey showed on Monday. Sentix’s index for the e... More »
FRANKFURT (Reuters) – As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will be able to weather the economic fallout of coronavirus wit... More »
LONDON (Reuters) – A group representing Britain’s car industry cut its sales forecast for this year by 23% to 1.73 million vehicles because of the impact of the coronavirus crisis. The figure represented a 25% fall from the number of new car registrations in 2... More »
DUBAI (Reuters) – United Arab Emirates agriculture technology start-up Pure Harvest Smart Farms has raised $20.6 million in fresh funding and secured commitments for a further $100 million, it said on Monday. Wafra International, an investment firm owned by th... More »
NEW YORK (Reuters) – Engineers at Tesla Inc (TSLA.O) showed a prototype for a ventilator on Sunday evening in a video published on the company’s YouTube channel, as hospitals around the country overwhelmed by coronavirus patients face device shortages. The des... More »
SEOUL (Reuters) – The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened con... More »
(Reuters) – British aero-engine maker Rolls-Royce (RR.L) will abandon its targets on profits, cash and deliveries, and suspend its dividend, as airlines around the world ground planes due to the coronavirus outbreak, the Financial Times reported late on Sunday... More »
(Reuters) – Stelios Haji-Ioannou, the founder of easyJet Plc (EZJ.L), has warned that he will not inject any fresh equity into the airline until it terminates a contract with Airbus SE (AIR.PA) for 4.5 billion pounds ($5.50 billion), according to a letter here... More »
(Reuters) – Private equity firm Silver Lake Partners is preparing to seek at least $16 billion from investors for its sixth flagship buyout fund, braving the economic uncertainty of the coronavirus outbreak, according to people familiar with the matter. Invest... More »
(Reuters) – Boeing Co (BA.N) said on Sunday it would extend the suspension of production operations at its Washington state facilities until further notice amid the coronavirus outbreak. The largest U.S. planemaker said on March 23 it would halt production at ... More »
NEW YORK (Reuters) – U.S. banks are expected to defend their dividend payments when they submit their annual capital plans to the Federal Reserve on Monday for the upcoming stress tests, the Financial Times reported on Sunday, citing people familiar with the s... More »
(Reuters) – Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses, according to internal meeting notes seen by Reuters. The chief executives of... More »
(Reuters) – Tesla Inc (TSLA.O) is cutting contractors from its U.S. car and battery plants, CNBC reported on Friday, citing workers and a contract staffing agency. The electric carmaker is axing contractors at both its vehicle assembly plant in Fremont, Califo... More »
(Reuters) – Amazon.com Inc (AMZN.O) is postponing its major summer shopping event, Prime Day, until at least August and expects a potential $100 million hit from excess devices it might now sell at a discount, according to internal meeting notes seen by Reuter... More »
(Reuters) – Country music stars will come together on Sunday with acoustic performances recorded from their homes for a televised special that will replace the annual Academy of Country Music Awards, which were canceled due to the global coronavirus outbreak. ... More »
LOS ANGELES (Reuters) – Walt Disney Co will release the live-action epic “Mulan” in movie theaters in July and Marvel’s “Black Widow” in November, the company said on Friday as it reshuffled a schedule disrupted by the global coronavirus outbreak. Among other ... More »
(Reuters) – At least two U.S. state attorneys have sought information from Zoom Video Communications Inc following multiple reports that questioned the privacy and security of the video-conferencing app. Zoom’s popularity has surged as employees at businesses,... More »
BOSTON (Reuters) – Glenview Capital Management, the hedge fund run by Larry Robbins, has lost roughly 30% in the first three months of 2020 as the spread of the new coronavirus hurt the healthcare facilities and hospital operators the firm has invested in. The... More »
PARIS (Reuters) – Airbus is studying a sharp cut in output of its top-selling A320 plane series amid an industry-wide slowdown triggered by the coronavirus crisis, sources familiar with the matter said. Europe’s leading planemaker is examining scenarios includ... More »
MUNICH/LONDON (Reuters) – Shares in Europe’s insurers fell sharply on Friday after the EU regulator said they should temporarily halt payouts to shareholders during the coronavirus epidemic, although Germany backed Allianz’s decision to go ahead with a dividen... More »
(Reuters) – FedEx Corp (FDX.N) said on Friday it would slash its chief executive officer’s pay and draw down $1.5 billion from a credit facility as delivery services take a hit from coronavirus-led lockdowns across the globe. The company, which also suspended ... More »
(Reuters) – 3M Co (MMM.N) said on Friday it would increase the production of respirators and import more masks into the United States, after President Donald Trump invoked a law to help ease a shortage in the items needed to protect health staff against the co... More »
LONDON (Reuters) – Britain’s car sector needs immediate cash and the government should introduce measures to support suppliers, some of which only have enough money to handle the coronavirus crisis for weeks not months, the head of the main trade body told Reu... More »
(Reuters) – Ford Motor Co (F.N) said on Friday Chief Executive Officer Jim Hackett’s total compensation fell to $17.4 million in 2019 from $17.8 million in 2018. The ratio of Hackett’s annual compensation to the median of the annual compensation of all employe... More »
BERLIN (Reuters) – Italy and Spain, the two European countries hardest hit by the new coronavirus, have enforced the most drastic lockdowns to curb the pandemic but one country, Sweden, stands out for allowing life to go on much as before, Google data show. An... More »
OAKLAND, California (Reuters) – Alphabet Inc’s (GOOGL.O) Google has published charts showing how the coronavirus has brought hard-hit Italy to a standstill, led to runs on grocery stores around the world and prompted a stark drop in going-out between Mardi Gra... More »
(Reuters) – Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein in the spread of COVID-19. Here is a list of countries in alphab... More »
TOKYO (Reuters) – SoftBank Group Corp founder and CEO Masayoshi Son on Friday began polling his Twitter followers over whether a state of emergency should be declared, as the number of people in Tokyo infected with the coronavirus continues to rise. Son also d... More »
SEOUL (Reuters) – South Korea is struggling to retain its lead in global next-generation 5G telecom services, as the coronavirus pandemic further cools sentiment of consumers whose interest in the technology has waned due to cost and quality concerns. The Asia... More »
PARIS (Reuters) – Healthcare companies Sanofi and Regeneron announced on Friday more encouraging results for their Dupixent product used to treat severe atopic dermatitis, often commonly known as eczema. The companies said that Dupixent Phase 3 data showed a s... More »
(Reuters) – Amazon.com Inc’s general counsel on Thursday said his emotions clouded his judgment when he wrote meeting notes in which he allegedly outlined a public relations strategy against a protest organizer and questioned the employee’s intelligence. Amazo... More »
WASHINGTON (Reuters) – The Federal Communications Commission on Thursday proposed to fine TracFone Wireless $6 million for allegedly violating its rules governing the subsidy program for telecommunications services for low income users. The FCC said TracFone a... More »
(Reuters) – Uber and Lyft drivers are hitting a wall in their efforts to apply for the coronavirus jobless benefits promised by Congress as state agencies say they are not ready to handle a class of workers who are totally new to the U.S. unemployment system. ... More »
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission said it needs more time to decide whether to allow a plan by the New York Stock Exchange to offer a new high-speed wireless connection to the exchange that some brokers have blasted as anti-compe... More »
SAN FRANCISCO (Reuters) – Infectious disease researchers are using Facebook Inc mobile location data to provide daily updates to U.S. cities and states evaluating the effectiveness of social distancing orders aimed at slowing the novel coronavirus. The COVID-1... More »
WASHINGTON (Reuters) – The White House is expected to issue guidance for people in areas hard hit by the coronavirus to wear face coverings to help stop the spread of the disease, an administration official said on Thursday. The announcement was not planned fo... More »
LOS ANGELES (Reuters) – Oprah Winfrey said on Thursday she was donating $10 million to coronavirus relief efforts, including a new venture to help get food to vulnerable Americans during the coronavirus epidemic. Winfrey, one of America’s richest and most infl... More »
WASHINGTON (Reuters) – The financial industry wants the U.S. Securities and Exchange Commission to hold off on parts of a new rule requiring brokers to disclose potential conflicts of interest, citing disruptions caused by the coronavirus, four people with kno... More »
LOS ANGELES (Reuters) – The release of the much anticipated movie sequel to “Top Gun” has been moved to December, Paramount Pictures said on Thursday, the latest disruption in the movie industry caused by the coronavirus epidemic. “Top Gun: Maverick,” starring... More »
(Reuters) – Netflix Inc led rivals YouTube, Amazon Prime and Disney+ with over 59 million installs in the first quarter of 2020, but more time was spent on YouTube’s Kids service as usage boomed following the shutdown of thousands of schools in March. YouTube,... More »
DUBAI (Reuters) – Walt Disney Co’s (DIS.N) Disney+ content will be available for the first time in the Middle East and North Africa on regional pay television and online streaming service provider OSN from April 9. Dubai-headquartered OSN has signed a “long-te... More »
(Reuters) – Bond investor and DoubleLine Capital Chief Executive Jeffrey Gundlach said on Tuesday he believes the coronavirus sell-off is not over yet and that the lows stocks hit in March will be surpassed in April due to uncertainty over the outbreak. “I thi... More »
STOCKHOLM (Reuters) – Airline SAS (SAS.ST) said on Monday it and Danish logistics firm Scan Global Logistics had established a direct cargo charter flight out of Scandinavia to Chicago in the United States, using regular passenger aircraft. The passenger trave... More »
PRAGUE (Reuters) – Czech billionaire Daniel Kretinsky, owner of the energy holding group EPH with assets around Europe, said he had contracted the new coronavirus and had been working in isolation. He was quoted on Monday by Blesk and E15 newspapers, both part... More »
LONDON (Reuters) – British low cost airline easyJet (EZJ.L) said it had grounded its entire fleet of over 330 aircraft and had no visibility on when it could restart flights, highlighting the heavy strain on airlines trying to survive to fly again after corona... More »
WUHAN, China (Reuters) – China reported a drop in new coronavirus infections for a fourth day as drastic curbs on international travellers reined in the number of imported cases, while policymakers turned their efforts to healing the world’s second-largest eco... More »
ZURICH (Reuters) – UBS Group (UBSG.S) intends to pay its 2019 dividend, the Swiss bank said on Monday, despite guidance from markets supervisor FINMA, the Swiss government and international banking groups to limit payouts as the coronavirus outbreak hits the g... More »
TOKYO (Reuters) – Japan’s Shionogi & Co (4507.T), creator of the blockbuster cholesterol treatment Crestor, said on Monday it would tie up with Ping An Insurance Group Co of China (601318.SS), selling a 2.05% voting stake for 33.53 billion yen ($311 million). ... More »
LONDON (Reuters) – Britain has ordered more than 10,000 ventilators from a consortium of leading aerospace, engineering and Formula One racing teams which have met an urgent government plea for help with production due to start this week. The group, including ... More »
JAKARTA (Reuters) – Indonesian President Joko Widodo said on Monday he plans to impose stricter limits on mobility between regions and also to implement a large-scale policy of social distancing to help curb the spread of coronavirus. “In implementing the poli... More »
BEIJING/SHANGHAI (Reuters) – China’s largest state banks said the impact of restrictions on movement imposed to slow the spread of the coronavirus could pull down asset quality as borrowers struggle to repay loans, though they are likely big enough to weather ... More »
(Reuters) – Troubled fashion retailer Ted Baker (TED.L) on Monday named Chief Financial Officer Rachel Osborne to the permanent role of chief executive officer, replacing Lindsay Page who stepped down last year. The British company said the search for a chairm... More »
MOSCOW (Reuters) – Twenty Gazprom workers, who were airlifted to hospital following a coronavirus scare last week, have been discharged after the tests came back negative, a Gazprom spokesman said on Monday. The workers were quarantined at Bovanenkovo gas fiel... More »
WASHINGTON (Reuters) – President Donald Trump, who excoriated General Motors Co on Friday and invoked emergency powers to compel the production of badly needed ventilators to tackle the coronavirus pandemic, has abruptly shifted gears to praise the automaker. ... More »
BEIJING (Reuters) – China’s Geely Automobile Holdings Ltd (0175.HK) on Monday said 2020 may be “amongst the most difficult years” in its history, as pressure stemming from the coronavirus pandemic on production and sales is likely to persist in the near future... More »
