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 ›
pandemic
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 ›
COVID-19 data from China, Russian, North Korea and Iran are hard to chart: U.S. Intelligence
According to sources familiar with an intelligence reporting, U.S. spy agencies are finding it hard to put together a precise picture of the world’s coronavirus outbreaks. There are serious gaps in their ability to assess the situation in China, North… Read More ›
U.S. working on executive order that expands ‘Buy America’ provisions: USTR
In a development pregnant with possibilities, U.S. Trade Representative Robert Lighthizer stated, the Wuhan Coronavirus pandemic shows that the United States is way too dependent on cheap foreign imports for key strategic medical supplies. The statement underscores the need for… Read More ›
Toyota extends factory shutdown in Europe till April 20
On Monday, Toyota Motor Corp said, it will be extending a suspension of production at its factories in Europe with the exception of Russia until further notice. A restart of operations could potentially start after April 20. Following the Wuhan… Read More ›
G20 to hold emergency video conference revolving around strengthening supply chains: Nikkei
On Monday, Japan’s Nikkei business daily said, the Group of 20 trade ministers will be holding an emergency video conference today wherein they will discuss cooperation related to supply chains. The group of ministers are likely to confirm cooperation to… Read More ›
Washington and Beijing to collaborate in G20 summit: South China Morning Post
In a report, the South China Morning Post said, the United States and China are expected to set aside their differences and focus on the challenges of controlling and stopping the pandemic when leaders of the G20 nations hold talks… Read More ›
Japan sets up COVID-19 HQ, preparatory steps to declare state of emergency: Kyodo news agency
On Thursday, the Japanese government said, it is setting up a special headquarters for the Wuhan coronavirus, which could be activated as early as this afternoon, as it preps up efforts to fight the virus which has gone pandemic. Japan’s… Read More ›
Large U.S. banks expresses gratitude towards frontline workers with special pay packages
According to an internal memo from Wells Fargo & Co, the U.S. bank is set to join its peers in paying out a special compensation package to front-line employees. San Francisco-based Wells Fargo said, it would provide all of its… Read More ›
Walmart to hire150,000 workers to help shoppers during Wuhan coronavirus outbreak
In a statement Walmart Inc said, it will hire more than 150,000 hourly workers in the United States to help shoppers during the Wuhan coronavirus pandemic. Walmart’s rival Amazon.com Inc has also announced a similar move saying it would hire… Read More ›
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