Business News

Spanish PM to ask for State of Alarm extension for 4th time

If the senate accepts the Prime Minister's request, it would be the fourth extension imposed in the country

May 3, 2020

By IANS

End of flying? Warren Buffett sells off entire stake in Delta, American, Southwest and United airlines

The investment maven had 11 percent stake in Delta Air Lines, 10 percent in American Airlines, 10 percent in Southwest Airlines and 9 percent in United Airlines.

May 3, 2020

By Jacob J

Coronavirus

US airlines make masks mandatory, up safety measures to fight coronavirus

From using electrostatic fogging machines to virus testing to pre-boarding temperature checks, airlines are adopting different measures for flyers' safety

May 3, 2020

By R. Ghosh

Coronavirus

'No $, no rent' - protesters call for economic help at New York May Day demonstrations

The caravan of cars rolled through a largely empty Times Square, honking their horns and displaying banners

May 2, 2020

By Reuters

Coronavirus

Malaysia to impose tourism tax from July, not August: Minister

Malaysian economy might shrink more than previous forecasts due to Coronavirus: Finance minister

The deadly virus outbreak has created a major site around the world as a result of which most of the countries have imposed lockdowns

May 2, 2020

By IBTimes SG Desk

Coronavirus

Russian oil output jumped to 11.35 million bpd in April, ahead of cuts

Natural gas production in April reached 55.14 billion cubic metres, a decline of 14.3% from the same month a year earlier, as per reports

May 2, 2020

By Reuters

3M sues five companies for trying to sell fake N95 respirators at inflated price

3M Company said that one of the vendors besides price gouging made claims to officials in Florida that they have up to five billion N95 respirators

May 2, 2020

By R. Ghosh

Coronavirus

Moderna, Lonza tie up to ramp up Covid-19 vaccine development; could start production by July

Under the agreement, Lonza will manufacture up to a billion doses of the vaccine per year following the technology transfer from Moderna in June

May 1, 2020

By R. Ghosh

Coronavirus

Doctors say Chinese ventilators in UK hospitals are dangerous, may kill Coronavirus patients

NHS doctors said that the ventilators received from china were so badly made that they feared these could kill COVID-19 patients

May 1, 2020

By Bhaswati Guha Majumder

Coronavirus

Australian Prime Minister Scott Morrison

Australian PM's call for the Coronavirus inquiry can harm trade relations with China: Business leaders

The deadly virus outbreak has infected over 3 million people worldwide and has spread to more than 170 countries globally

May 1, 2020

By IBTimes APAC Desk

Coronavirus

Half of US states easing coronavirus restrictions as jobless numbers grow

The jobless toll amounts to over 18.4 percent of the US working-age population, a level not seen since the Great Depression of the 1930s

May 1, 2020

By Reuters

AstraZeneca, Oxford University tie up on Covid-19 vaccine; trial results could be out by July

Under the deal, AstraZeneca will manufacture and distribute the vaccine globally and during the duration of the pandemic will supply it at cost

May 1, 2020

By R. Ghosh

Coronavirus

Spain's ruined economy suffers worst contraction in a quarter on record due to Coronavirus crisis

The figure of the National Statistics Institute's was the worst from the time when the series began in 1970

Apr 30, 2020

By IBTimes APAC Desk

Coronavirus

Coronavirus Effect: World at risk of witnessing 1.6 Billion people loosing livelihood, says UN agency

About 436 million businesses are facing high risk of serious disruption, the International Labor Organization (ILO) said in its report

Apr 30, 2020

By Shubhangi Shah

Boeing to cut 10% workforce as coronavirus, 737 Max burns $4.3 billion in cash in first quarter

The airline will lower the output of 737 Dreamliners to 10 a month from 14 aircrafts a year and alter to seven every month by 2022

Apr 30, 2020

By R. Ghosh

Coronavirus

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