Sportswear maker Puma proposes suspending dividend due to virus
German sportswear maker Puma proposed on Friday to suspend its 2019 dividend given the impact of the coronavirus pandemic....
British supermarket Sainsbury’s to remove most customer purchasing limits
British supermarket group Sainsbury’s said on Friday it would start to remove the customer purchasing limits it imposed as a response to increased demand during...
Sweden’s H&M sees second-quarter loss as pandemic slams March sales
H&M , the world’s second-biggest clothing retailer, reported on Friday a 46% plunge in March sales as the coronavirus pandemic took its toll and said...
Google releases location data to show if coronavirus lockdowns working in 131 countries
Alphabet Inc’s Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued...
Traton sees some order cancellations, can’t rule out job cuts: WiWo
Volkswagen’s Traton commercial truck unit has seen cancellations of orders due to the coronavirus outbreak but these are manageable, its chief told a German magazine...
Coronavirus likely ended record U.S. job growth in March
The U.S. economy likely shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the coronavirus...
Mexico stops brewing Corona beer, deemed non-essential in epidemic
Mexico’s Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were...
Dollar consolidates as hopes for quick recovery evaporate
The dollar edged toward a 2% weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the...
When will U.S. economy bottom? Economists hunt for the right view
The economic crisis spawned by the coronavirus pandemic has produced a wave of grim U.S. data, with likely more to come as millions lose jobs,...
Airline industry braces for lengthy recovery from coronavirus crisis
International seat capacity has dropped by almost 80% from a year ago and half the world’s airplanes are in storage, new data shows, suggesting the...