In a statement, Warren Buffett’s Berkshire Hathaway Inc stated, it has sold around 18% of its stake in Delta Air Lines Inc as well as a 4% stake in Southwest Airlines Co earlier this week. The Wuhan Coronavirus pandemic is… Read More ›
Creativity
Trump invokes Defense Production Act to stop export of N95 masks
U.S. President Donald Trump has signed an order directing his administration to stop the export of N-95 face masks and other personal protective equipment which are essential in keeping the Wuhan Coronavirus at bay, from being exported to other countries…. Read More ›
Bank of Ireland received 15K applications for mortgage breaks in March
In a statement on Friday, the Chief Executive of the Bank of Ireland said, he has received 15,000 applications for payment breaks from mortgage customers in March and a further 5,000 businesses are seeking breaks from such payments as a… Read More ›
Volkswagen’s commercial truck unit seeing cancellation of orders, job cuts possible: German magazine
In an article that was published on Friday by German magazine WirtschaftsWoche, the chief of Volkswagen’s commercial truck unit, Traton, said, it has seen cancellations of orders due to the coronavirus outbreak; these are however manageable. WirtschaftsWoche also quoted Andreas… Read More ›
3M will pay big price over face masks: Trump
In a tweet, U.S. President Donald Trump has slammed 3M Co for its business practises. The tweet comes in the wake of Trump’s earlier announcement of invoking the Defense Production Act to get the company to produce face masks. “We… Read More ›
GM rolls out safety protocols for workers manufacturing ventilators
In a statement, General Motors Co said, it has begun rolling out a series of safety protocols for workers in Indiana who will be manufacturing ventilators. The development underscores a development that could potentially be a blueprint for re-opening U.S…. Read More ›
Uber to ship disinfecting car sprays to drivers free of cost
In a statement, Uber Technologies Inc said, it will begin shipping disinfecting car spray to drivers operating in areas that have been the most affected by the Wuhan coronavirus outbreak. The development comes in the wake of Uber promising in… Read More ›
Toshiba Corp applies for return to first section at Tokyo Stock Exchange
On Friday, Japan’s Toshiba Corp stated, it has filed an application to return to the Tokyo Stock Exchange’s first section. In 2017, Toshiba was relegated to the second section following a massive writedowns at its U.S. nuclear power business after… Read More ›
British Airways likely to suspend 36,0000 employees
In a news bulletin, BBC News said, IAG-owned British Airways is likely to announce the suspension of around 36,000 employees. The development comes in the wake of the airline reaching a broad deal with Unite union that will include “suspension… Read More ›
Saudi Arabia and Russia could sign oil production agreement in coming days: Trump
In a statement, U.S. President Donald Trump said, he expects Russia and Saudi Arabia to reach an agreement on crude oil production in the next few days, and end the price war between the two which has “ravaged” the oil… Read More ›
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