[ad_1] (Reuters) – Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several
Ireland unveils 6.5 billion euro coronavirus business package
[ad_1] DUBLIN (Reuters) – Ireland will allow firms impacted by the coronavirus crisis to warehouse tax liabilities for 12 months, offering a “lifeline” as part of an additional package of business supports that could reach
Canada hands reins of central bank to crisis-era specialist Macklem
[ad_1] OTTAWA (Reuters) – Canada on Friday tapped Tiff Macklem to take the helm of the Bank of Canada, confident the experienced central banker would help the country through a severe economic slump caused by
Buffett’s Berkshire posts record net loss on coronavirus, operating profit rises
[ad_1] FILE PHOTO: Warren Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune’s Most Powerful Women’s Summit in Washington October 13, 2015. REUTERS/Kevin Lamarque/File Photo (Reuters) – Warren Buffett’s
Tesla tumbles after Musk tweets stock too high
[ad_1] (Reuters) – Shares of Tesla Inc tumbled 9% on Friday after Chief Executive Officer Elon Musk tweeted that the electric carmaker’s high-flying stock was overly expensive. “Tesla stock price is too high,” Musk said
Fed officials worry about lasting economic scars from crisis
[ad_1] WASHINGTON (Reuters) – After rolling out trillions of dollars in support for the U.S. economy during the coronavirus pandemic, Federal Reserve officials have begun warning of potentially lasting scars to the workforce and productivity
Tesla to extend furlough for some employees by another week – internal email
[ad_1] FILE PHOTO: A view of Tesla Inc’s U.S. vehicle factory in Fremont, California, U.S., March 18, 2020. REUTERS/Shannon Stapleton/File Photo (Reuters) – Tesla Inc told furloughed employees on Friday that they will remain out
Russian oil output jumped to 11.35 million bpd in April, ahead of cuts
[ad_1] MOSCOW (Reuters) – Russia raised oil and gas condensate output in April to 46.45 million tonnes, or 11.35 million barrels per day (bpd), from 11.29 million bpd in March, Interfax reported on Saturday, before
India makes government tracing app mandatory for all workers
[ad_1] NEW DELHI (Reuters) – India has mandated that all public and private sector employees use a government-backed Bluetooth tracing app and maintain social distancing in offices as New Delhi begins easing some of its
Will U.S. exchange trading floors still be relevant post-coronavirus?
[ad_1] NEW YORK (Reuters) – The coronavirus pandemic has upended U.S. equities trading with unprecedented market volatility and forced bourses like the New York Stock Exchange to close their trading floors, raising questions about the