U.S. manufacturing output posts largest drop since 1946
U.S. manufacturing output dropped by the most in just over 74 years in March as the novel coronavirus pandemic fractured supply chains, suggesting business investment...
ADCB files criminal complaint against individuals over NMC Health
Abu Dhabi Commercial Bank said on Wednesday it had begun criminal proceedings in Abu Dhabi against an unspecified number of individuals in relation to hospital...
North Korea hacking threatens U.S., other countries, international financial system: U.S. State Department
The U.S. State Department, Treasury, and Department of Homeland Security Issues, along with the FBI, issued an advisory on Wednesday about North Korean cyber threats...
H&M starts protective apron production at supplier
H&M, the world’s second-biggest fashion retailer, said on Wednesday it had started producing protective aprons at a supplier and would deliver one million aprons to...
From wax jackets to medical gowns: Barbour joins coronavirus battle
British fashion brand Barbour has turned over its production line to making protective gowns for frontline healthcare workers battling the coronavirus outbreak, reviving memories of...
Deloitte UK says cutting partner pay to preserve jobs in pandemic
Global accounting and consulting company Deloitte said partners at its UK arm would have their pay cut by a fifth this year to protect jobs...
Coronavirus delivers record blow to U.S. retail sales in March
U.S. retail sales suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for...
UnitedHealth rises on ‘minimal’ COVID-19 impact on results, reiterated outlook
UnitedHealth Group Inc on Wednesday reported a better-than-expected quarterly profit due to strength in the pharmacy benefit business and maintained its forecast for the year,...
Global shares fall, weighed down by cheap oil and economic warnings
Global stocks fell on Wednesday as oil prices dropped and warnings of the worst global recession since the 1930s underscored the economic damage done by...
Goldman Sachs profit halves on higher loan loss provisions, investment hit
Goldman Sachs Group Inc reported a 49% drop in quarterly profit on Wednesday, as it set aside significantly higher provisions related to corporate loans due...