Brent oil drops 25%, near two-decade lows on scant demand, storage
Brent crude futures plunged 25% on Tuesday to the lowest in nearly two decades, a day after panicked traders sent U.S. oil below minus $40...
We can make more ventilators if government ups order, says UK business consortium
A group of firms, including Airbus and Ford, could build more than the current government order of 20,000 ventilators and continue once normal operations begin...
Hailstorm devastates hundreds of hectares of Bordeaux vines in SW France
A violent hailstorm that hit the Bordeaux wine region last Friday has caused severe damage, with several hundred hectares of vines nearly destroyed, notably in...
U.S. home sales tumble as coronavirus keeps buyers indoors
U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought...
New York charges Mallinckrodt with insurance fraud related to opioids
New York state charged Mallinckrodt Plc on Tuesday with insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary...
Air Canada to suspend flights to U.S. on coronavirus concerns
Air Canada said on Tuesday it would suspend flights between Canada and the United States after April 26 due to the coronavirus pandemic....
Brent oil drops to near two-decade lows on falling demand, storage woes
Oil futures for June plunged to near two-decade lows on Tuesday, as the panic that sent U.S. May futures to below minus $40 per barrel...
U.S. energy secretary to urge House lawmakers to buy oil for strategic reserve
The U.S. energy secretary said on Tuesday he would talk with leaders in the U.S. House of Representatives later in the day and urge them...
Top House Republican McCarthy confirms deal reached on small business loan bill
The top Republican in the U.S. House of Representatives said on Tuesday that a deal had been reached to replenish funding for an emergency program...
Qatar Airways defers half of some employees’ wages for three months
Qatar Airways on Tuesday said mid-level employees and above will have their salaries halved for at least three months but that staff would be back...