Tag Archives: Company News

Ban on European travel to U.S. will batter airlines, already roiled by coronavirus

Ban on European travel to U.S. will batter airlines, already roiled by coronavirus

LOS ANGELES/WASHINGTON (Reuters) – The new U.S. ban on foreign citizens entering the country if they have traveled to Europe in recent weeks will heap more pressure on airlines already reeling from the coronavirus pandemic, hitting European carriers the hardest, analysts said. FILE PHOTO: Airplanes of German airline Lufthansa and …

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China’s new coronavirus cases rise on infections from abroad

China's new coronavirus cases rise on infections from abroad

BEIJING (Reuters) – China reported an uptick in new confirmed cases of coronavirus infections, reversing four straight days of fewer new cases, driven by infected individuals arriving from abroad. People wearing protective face masks are seen on a crossroads as the country is hit by an outbreak of the novel …

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Oil prices rise 4% after biggest one-day fall since 1991

Oil prices rise 4% after biggest one-day fall since 1991

SINGAPORE (Reuters) – Oil prices rose by more than $1 on Tuesday after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery as the coronavirus cuts demand. FILE PHOTO: …

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Oil crashes after Saudi Arabia starts price war amid slumping demand

Oil crashes after Saudi Arabia starts price war amid slumping demand

TOKYO (Reuters) – Oil prices plummeted around 30% on Monday after Saudi Arabia slashed its official selling prices and set plans for a dramatic increase in crude production next month, starting a price war even as spread of the coronavirus erodes global demand growth. Prices fell by as much as …

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As one of China’s ‘Detroits’ reopens, world’s automakers worry about disruptions

As one of China's 'Detroits' reopens, world's automakers worry about disruptions

BEIJING (Reuters) – Automakers across the world face the possibility of extended supply chain disruptions as factories in China stutter back to life after closures due to the coronavirus outbreak. FILE PHOTO: An employee wearing a face mask works on a car seat assembly line at Yanfeng Adient factory in …

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U.S. judge says Amazon likely to succeed on key argument in contract challenge

U.S. judge says Amazon likely to succeed on key argument in contract challenge

WASHINGTON (Reuters) – A U.S. judge said Amazon.com Inc (AMZN.O) is likely to succeed on a key argument of its challenge to the U.S. Department of Defense’s decision to award cloud computing deal worth up to $10 billion to Microsoft Corp. (MSFT.O) FILE PHOTO: The logo of Amazon is seen …

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Breakingviews – Breakdown: Coronavirus goes global

Breakingviews - Breakdown: Coronavirus goes global

NEW YORK (Reuters Breakingviews) – It’s not time to panic, but it is time to face reality. The coronavirus is spreading around the world. China’s unprecedented efforts slowed the spread of the new disease officially known as Covid-19, but that’s merely won some time. Infected people have now been detected …

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Washington pledges $1 billion for coronavirus vaccine as pandemic risks grow

Washington pledges $1 billion for coronavirus vaccine as pandemic risks grow

BEIJING/WASHINGTON (Reuters) – U.S. President Donald Trump will seek $2.5 billion from Congress to fight the coronavirus epidemic and U.S. and South Korean militaries are considering scaling back joint training as the virus spreads in Europe and the Middle East. A man wearing a face mask rides a bicycle in …

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Cargill to challenge Beyond Meat, Impossible Foods with new plant-based burger

Cargill to challenge Beyond Meat, Impossible Foods with new plant-based burger

CHICAGO (Reuters) – Cargill Inc will launch plant-based hamburger patties and ground “fake meat” products in April, the company said on Monday, challenging Beyond Meat and Impossible Foods for sales in grocery stores, cafeterias and restaurants. FILE PHOTO: A burger made with black beans and canola protein powder at Burcon’s …

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Trump administration backs off sending coronavirus patients to Alabama -governor

Trump administration backs off sending coronavirus patients to Alabama -governor

(Reuters) – The Trump administration has backed off plans to quarantine patients from the Diamond Princess cruise ship stricken with coronavirus at a federal facility in Alabama, the state’s governor and a U.S. senator said on Sunday. FILE PHOTO: Senator Richard Shelby (R-AL) speaks to reporters after a vote attempting …

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