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Governments, central banks must boost efforts to help economies cope with crisis: BIS chief

March 29, 2020 by  
Filed under News

Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis, the head of the Bank for International Settlements said on Sunday.


Source: Reuters Business News

Chanel turns its workshops to making face masks as coronavirus spreads

March 29, 2020 by  
Filed under News

Luxury fashion group Chanel said on Sunday it would launch production of face masks to help bolster supplies in France, as the coronavirus sweeps across the country.


Source: Reuters Business News

Worry, problems and strife: Investors fear markets not out of woods despite big rally

March 29, 2020 by  
Filed under News

After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict.


Source: Reuters Business News

Exclusive: Qatar Airways says it will need state support as cash runs out

March 29, 2020 by  
Filed under News

Qatar Airways will have to seek government support eventually, Chief Executive Akbar al-Baker told Reuters on Sunday, warning that the Middle East carrier could soon run out of the cash needed to continue flying.


Source: Reuters Business News

Mexico's President says will comply with public vote to halt brewery project

March 28, 2020 by  
Filed under News

Mexico’s President Andres Manuel Lopez Obrador on Saturday said his government will comply with a public consultation to halt the construction of U.S. brewer Constellation Brands Inc’s more than $1 billion brewery project in the border city of Mexicali.


Source: Reuters Business News

Exclusive: Amazon entices warehouse employees to grocery unit with higher pay

March 28, 2020 by  
Filed under News

Amazon.com Inc is offering higher pay to recruit its own warehouse employees to pick and pack Whole Foods groceries amid rising demand and a worker shortage, according to an internal document reviewed by Reuters.


Source: Reuters Business News

As virus threatens, U.S. embraces big government, for now

March 28, 2020 by  
Filed under News

It may, as House Majority Leader and Maryland Democrat Steny Hoyer said on Friday, be out of love that the United States agreed to shut down much of its economy to stop a viral epidemic and save lives.


Source: Reuters Business News

Condom shortage looms after coronavirus lockdown shuts world's top producer

March 27, 2020 by  
Filed under News

A global shortage of condoms is looming, the world’s biggest producer said, after a coronavirus lockdown forced it to shut down production.


Source: Reuters Business News

Trump tells GM: Stop 'wasting time', build ventilators to address coronavirus

March 27, 2020 by  
Filed under News

U.S. President Donald Trump on Friday invoked emergency powers to require General Motors Co to build much-needed ventilators for coronavirus patients after he accused the largest U.S. automaker of “wasting time” during negotiations.


Source: Reuters Business News

Wall Street falls as U.S. virus cases pass 85,000

March 27, 2020 by  
Filed under News

Wall Street fell on Friday, ending a massive three-day surge as doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed.


Source: Reuters Business News

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