With the coronavirus ravaging supply chains, a group representing U.S. manufacturers have had a discussion with Mexican President Andres Manuel Lopez Obrador to maintain and strengthen North America’s existing supply chain so as to provide a sustained and a strong… Read More ›
On Wednesday, the French government hiked the expected cost of measures required to support the economy though the coronavirus crisis to $120.6 billion (110 billion euros), said French finance minister Bruno Le Maire. “We are going to go from 45… Read More ›
On Wednesday, China’s aviation regulator reported, Chinese airlines have reported a total loss of $4.8 billion (33.62 billion yuan) during the first quarter with the coronavirus pandemic having a deep impact on travel demand. In February，Chinese airlines suffered a record… Read More ›
On Tuesday, in a statement Japan’s Finance Minister Taro Aso stated, Tokyo has decided that it will allow companies to extend the deadline for submission of securities and financial reports until the end of September. The decision comes midst difficulties… Read More ›
In a statement on Monday, the Asian Development Bank announced that it is tripling the size of its rescue package to developing countries in Asia to $20 billion in order to help them cope with the severe macro-economic and health… Read More ›
According to a report from the Wall Street Journal, Boeing Co is weighing its options on a job cut, which could involve early retirements and involuntary layoffs and could also involve buyouts. Boeing’s aims to cut its workforce by 10%…. Read More ›
On Friday, China’s assistant commerce minister Ren Hongbin told reporters, Beijing is facing unprecedented challenges because of the coronavirus pandemic that has spread across the globe to more than 200 countries. At a news briefing, Ren Hongbin said, following a… Read More ›
In a statement, British online fashion retailer ASOS Plc said, it has raised $304 million (247 million pounds) via a placement as it attempts to shore up its finances in case of a prolonged business downturn from the coronavirus pandemic…. Read More ›
On Wednesday, in a statement Japanese automaker Nissan said, sales in China in March have dropped by 44.9% from a year earlier to 73,297 units. The coronavirus epidemic continues to ravage the global automotive industry. On a positive note, Nissan,… Read More ›
According to a report from the Financial Times, Rolls-Royce is slated to abandon its targets on deliveries, profits, cash and dividend, as airlines around the world ground their planes in the wake of the Wuhan Coronavirus outbreak. Rolls-Royce is also… Read More ›
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