UAW seeks U.S. auto plant shutdown as COVID-19 crisis deepens
The head of the United Auto Workers on Tuesday turned up pressure on Detroit automakers to shutter U.S. factories for two weeks due to the...
Adidas joins Nike in announcing store closures over coronavirus
German sportswear maker Adidas on Tuesday joined rivals in announcing store closures in response to the coronavirus pandemic....
Airbus suspends production in France and Spain, shares slide
Airbus announced plans to halt operations at its plants in France and Spain for four days as the coronavirus crisis spread from battered airlines to...
HSBC appoints Noel Quinn as CEO
HSBC said on Tuesday it has appointed Noel Quinn as its chief executive officer, effective immediately....
Explainer: How your bank deposits are (and aren’t) protected
In the United States and many other countries, the government guarantees a certain amount of each customer’s deposits in the event of a bank failure,...
Fed’s short-term funding CP plan boosts stocks, dollar
A gauge of global equity markets and gold rose on Tuesday after the U.S. Federal Reserve said it would buy short-term corporate debt directly from...
Tiffany to temporarily close several stores, cuts hours at others
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce...
Wells Fargo implements work-from-home policy amid coronavirus outbreak
Wells Fargo & Co said on Tuesday it is implementing work-from-home policies for most of its employees who don’t interact with customers and can effectively...
‘Worse than 9/11’ for airlines: Mnuchin
U.S. Treasury Secretary Steven Mnuchin on Tuesday said the spread of coronavirus is “worse than 9/11” for the airline industry, which experts say in some...
New French Open dates create major clash
The organisers of the French Open on Tuesday postponed the claycourt Grand Slam tournament until Sept 20-Oct 4 from its May start amid the coronavirus...