The standoff between oil majors Saudi Arabia and Russia could “last a while” as they wait for each other “blink first,” an…
Category: News
Coronavirus: Korean Air fighting for ‘survival’
Korean Air has warned the coronavirus outbreak could threaten its survival in a memo sent to…
British Steel: Takeover by Chinese firm completed
A Chinese firm completed its takeover of British Steel on Monday. Read more at https://www.bbc.com/news/business-51795414
Global shares plunge in worst day since financial crisis
Shares around the world had their worst day since the financial crisis with the dramatic falls…
Currencies in South Korea, Australia and New Zealand crumble as market volatility shoots up
Major Asia Pacific currencies dropped against the U.S. dollar on Monday morning, as investors took a…
US crude prices drop below $30 a barrel after OPEC deal failure sparks price war
Oil prices plunged after OPEC’s failure to strike a deal with its allies regarding production cuts…
Flight cuts, unpaid leave and hiring freezes: Airlines race to limit impact as coronavirus saps travel demand
WASHINGTON — Airline executives are racing to cut costs as coronavirus spreads, raising concern about lower…
Oil drops as OPEC agrees on massive oil supply cut to offset virus impact; awaits Russia’s approval
OPEC has agreed to impose a deeper round of production cuts in order to support oil…
Tesla delivered cars to customers in China with lower-performance Autopilot hardware than promised
Tesla customers in China are complaining the company delivered new Model 3s with a version of Autopilot…
Apple, Microsoft, Google look to move production away from China. That’s not going to be easy
With the U.S.-China trade war last year and the outbreak of the new coronavirus, American technology…
Facebook ‘rethinks’ plans for Libra cryptocurrency
Facebook is reportedly rethinking its plans for its own digital currency after resistance from regulators. Read…
Global supplier India curbs drug exports as coronavirus fears grow
India, the world’s main supplier of generic drugs, has restricted the export of 26 pharmaceutical ingredients…