Exclusive: Airbus signals government help needed if crisis lasts months – sources
Europe’s Airbus has signaled that some government support may be needed if the coronavirus crisis lasts for several months, three people familiar with the matter...
Wall Street set for slight bounce after ‘Black Monday’ carnage
Wall Street’s main indexes looked set for a bounce on Tuesday, a day after its biggest drop since the 1987 crash, as efforts to contain...
Facebook to award $100 million in grants, ad credits to small businesses
Facebook Inc said Tuesday it plans to award $100 million in cash grants and ad credits for up to 30,000 small businesses in over 30...
Factbox: Retailers close stores around globe to curb coronavirus spread
Retailers have been closing stores around the globe to reduce the risk of transmission of the coronavirus, which has killed over 6,500 people and infected...
Trump administration to seek $850 billion to stem virus’ economic fallout: report
The Trump administration plans is seeking a $850 billion stimulus package aimed at buffering the economy against fallout from coronavirus, the Washington Post reported on...
China’s JD.com to buy back $2 billion shares
China’s JD.com Inc said on Tuesday it would buy back up to $2 billion of its shares, after the e-commerce company estimated a growth in...
L Brands temporarily closes stores, draws down $950 million from existing credit line
L Brands Inc said on Tuesday it would temporarily close all its stores, including those of Bath & Body Works and Victoria’s Secret, in the...
Volkswagen suspends production as coronavirus hits sales
Volkswagen Group , the world’s biggest carmaker, is suspending production at factories across Europe as the coronavirus pandemic hits sales and disrupts supply chains, the...
Volkswagen says diesel scandal has cost it 31.3 billion euros
Volkswagen said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects cash outflows...
Oil near $30 as recession fears, pump war weigh
Oil traded near $30 a barrel on Tuesday, close to its lowest since 2016, and analysts said more declines may follow as the coronavirus pandemic...