Category: Business

Volkswagen CEO warns factory closures may drag on for weeks

Volkswagen CEO warns factory closures may drag on for weeks

Volkswagen AG (VOWG_p.DE) CEO Herbert Diess on Saturday warned that the coronavirus crisis may force the company to keep its factories shut for longer ...
Virus hit UK companies told to delay financial statements

Virus hit UK companies told to delay financial statements

Companies should not publish preliminary financial statements for at least two weeks to better assess how the coronavirus epidemic is affecting their ...
Musk, Medtronic discuss ventilators amid coronavirus outbreak

Musk, Medtronic discuss ventilators amid coronavirus outbreak

As the United States is combating a shortage of ventilators and respirators amid the coronavirus outbreak, Tesla Chief Executive Officer Elon Musk sai ...
U.S. Senate races to agree on massive coronavirus relief package

U.S. Senate races to agree on massive coronavirus relief package

Republicans and Democrats in the U.S. Senate on Saturday scrambled to complete a deal on a $1 trillion-plus bill aimed at stemming the coronavirus pan ...
Airlines appear to come up short in bid to win cash grants in rescue package

Airlines appear to come up short in bid to win cash grants in rescue package

A last-ditch effort by the chief executives of major U.S. airlines to try to win cash grants to weather the coronavirus crisis looked to be unsuccessf ...
Netflix to slash traffic across Europe to relieve virus strain on internet providers

Netflix to slash traffic across Europe to relieve virus strain on internet providers

Netflix Inc (NFLX.O) said it will cut traffic by 25% on networks across Europe in a relief measure for internet service providers (ISPs) experiencing ...
Explainer: Hobbled IRS tax agency may need months to put cash into Americans’ hands

Explainer: Hobbled IRS tax agency may need months to put cash into Americans’ hands

In order to put recession-fighting checks into the hands of millions of Americans, President Donald Trump will rely on a tax agency that has fewer wor ...