Poland works on smartphone app to help stop coronavirus outbreak
Poland is working on a smartphone application to help trace people who have come in contact with those infected with the coronavirus and warn them...
OPEC+ debates biggest-ever oil cut as virus destroys demand
OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply, an OPEC source...
Deep OPEC+ cuts won’t be enough to prevent oil inventory build: IEA head
Deep oil output cuts by OPEC and other producing nations would not be enough to prevent a huge build in global crude inventories in the...
Venezuela’s financial crisis exacerbated by oil price war, coronavirus
A price war between world oil producers has slashed Venezuela’s revenue for its top export and exacerbated the country’s financial crisis as it also faces...
Exclusive: Airline crisis forces Airbus to consider A320 output cuts
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...
Global stocks edge lower on economic toll from virus; oil rallies
Global stock markets sank Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued to...
Brent crude rises above $33 on hopes of oil output deal
Benchmark Brent crude oil futures climbed to as high as $34.91 a barrel on Friday on rising hopes of a new global deal to cut...
FedEx slashes CEO’s salary, draws $1.5 billion from credit line
FedEx Corp 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...
3M to make more face masks, ramp up imports to U.S. after Trump order
3M Co said on Friday it would increase the production of respirators and import more masks into the United States, after President Donald Trump invoked...
Ford CEO Hackett’s salary fell to $17.4 million in 2019
Ford Motor Co said on Friday Chief Executive Officer Jim Hackett’s total compensation fell to $17.4 million in 2019 from $17.8 million in 2018....
