Remember the 1980s glut: Ex-BP boss Browne warns oil will stay low
The oil price will stay low for some time as supply exceeds demand and the current situation on global oil markets is reminiscent of the...
Nissan to close global headquarters, other Japan sites through May 10 due to virus
Nissan Motor Co said on Tuesday it will shut its global headquarters in Japan for 16 days through early May to contain the spread of...
Ferrari rolls out coronavirus testing to get staff ready for work
Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious...
Crude costs money again after shock crash, stocks stay in doldrums
U.S. crude oil bounced back into positive territory on Tuesday, but a historic plunge below zero rattled investors and triggered the steepest drop in Asian...
SAP reverts to sole CEO to handle coronavirus pandemic
The coronavirus pandemic brought a six-month experiment in dual leadership at SAP to an abrupt end as the German business software group named Christian Klein...
Virgin Australia falls to virus crisis, appoints administrator to find investor
Virgin Australia Holdings Ltd on Tuesday succumbed to third-party led restructuring that could lead to a sale, making Australia’s second-biggest airline the Asia-Pacific region’s biggest...
U.S. crude futures turn positive after historic slide, Brent dips
U.S. oil prices recovered on Tuesday to trade in positive territory after sinking below $0 for the first time ever, but international benchmark Brent dipped...
Starbucks brings Beyond Meat to China with new plant-based lunch menu
Starbucks Corp said on Monday it would roll out a new plant-based lunch menu in China this week, launching Beyond Meat Inc’s products in a...
Crude claws back into positive territory but historic crash spooks investors
U.S. crude oil bounced back into positive territory on Tuesday, after a historic plunge below zero that shocked investors and pushed down stock prices and...
Virgin Australia enters voluntary administration with aim to recapitalize
Virgin Australia Holdings Ltd said on Tuesday it has entered voluntary administration to recapitalize the business and emerge in a stronger financial position after being...