‘A disaster’: Roche CEO’s verdict on some COVID-19 antibody tests
Some blood tests being marketed to tell people if they have had the new coronavirus are a “disaster”, Roche Chief Executive Severin Schwan said on...
Fast Retailing CEO criticises Japan’s lack of virus tests: report
The head of Fast Retailing Co , owner of fashion chain Uniqlo, criticised Japan’s lack of coronavirus testing in a media interview, joining a chorus...
U.S. orders Chevron to ‘wind down’ Venezuela operations by December 1
The Trump administration on Tuesday gave Chevron Corp , the last major U.S. oil company still operating in Venezuela, until Dec. 1 to “wind down”...
Safe as houses? Trading from home tests bank defences during crisis
Trading worth billions of dollars has shifted to kitchen tables or bedrooms as traders work through the coronavirus crisis from home, testing patchy fixes to...
Toyota’s South African unit sees 15-20% hit to production due to virus
The South African unit of Toyota could see its production drop by around 15-20% in 2020, its president and CEO Andrew Kirby said on Wednesday....
Elevator maker Kone’s first-quarter profit beats forecasts
Finland’s Kone reported a 10% fall in first-quarter profit hurt by the coronavirus outbreak but beat forecasts and stuck with its recently adjusted 2020 outlook....
Equinor head of exploration Dodson to step down
Equinor’s head of exploration, Tim Dodson, will step down at the end of May in a planned leadership change, the Norwegian oil and gas company...
Brent slumps to 1999 lows, stocks clamber higher
Stormy oil markets sent Brent prices crashing to their lowest since 1999 on Wednesday, though a stabilisation of some petrocurrencies and a bounce in European...
Oil hits lowest this century as coronavirus crisis hammers demand
Oil slumped to less than $16 a barrel on Wednesday, hitting its lowest since 1999, with the market awash with excess supply as the economic...
Tyre industry pushes back against evidence of plastic pollution
A growing body of scientific research linking tyre wear to microplastic pollution, as well as increasing scrutiny from lawmakers in the European Union (EU), has...