[ad_1] FILE PHOTO: A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India, August 13, 2018. REUTERS/Francis Mascarenhas MUMBAI (Reuters) – The coronavirus pandemic has sparked concerns about a
VW starts shutting down production in Europe in face of coronavirus
[ad_1] FRANKFURT (Reuters) – Volkswagen Group will suspend production this week at plants in Italy, Portugal, Slovakia and Spain and is preparing to shut down the rest of its factories across Europe due to the
UK to ramp up business support as coronavirus hammers economy
[ad_1] LONDON (Reuters) – Britain will unveil more help for businesses hurt by the coronavirus outbreak on Tuesday after the government told people to avoid pubs, clubs, restaurants, cinemas and theatres, raising the risk of
Goldman slashes China growth forecast; imported coronavirus cases rise
[ad_1] BEIJING/SHANGHAI (Reuters) – Goldman Sachs said on Tuesday that China’s economy will likely shrink 9% in the first quarter, underscoring how the coronavirus has disrupted normal business activities, even as China reported a rise
Indonesia’s Gojek closed $1.2 billion funding last week: internal memo
[ad_1] JAKARTA (Reuters) – Indonesian ride-hailing and payments firm Gojek closed an additional $1.2 billion of funding last week, according to an internal memo reviewed by Reuters. The memo said the company’s total funding stands
VW says coronavirus makes outlook impossible as 2019 profits rise
[ad_1] FILE PHOTO: A logo of VW is pictured at a Volkswagen dealership in Camas, near Seville, southern Spain November 5, 2015. REUTERS/Marcelo del Pozo/File Photo FRANKFURT (Reuters) – Volkswagen Group on Tuesday warned that
Asian stocks jittery after Wall Street plunge
[ad_1] TOKYO/HONG KONG (Reuters) – Asian shares held their ground on Tuesday in a volatile session following one of Wall Street’s biggest one-day routs in history as headlines about the coronavirus outbreak and its global
Oil plunge sets off search for tanks, revives dormant Cushing storage trade
[ad_1] NEW YORK (Reuters) – Rates to store oil at one of the world’s biggest trading hubs are surging, as traders globally scramble to secure space in tanks to cope with slumping demand from the
Amazon to hire 100,000 workers as online orders surge on coronavirus worries
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) on Monday said it would hire 100,000 warehouse and delivery workers in the United States to deal with a surge in online orders, as many consumers have turned to
New Zealand injects $7.3 billion stimulus in bid to save economy; promises more to come
[ad_1] WELLINGTON (Reuters) – New Zealand on Tuesday said it would pump NZ$12.1 billion ($7.31 billion), or 4% of gross domestic product, into the economy to slow a contraction expected from business disruptions caused by