Business

FILE PHOTO: The corporate logo of Ford is seen at Brussels Motor Show, Belgium January 9, 2020. REUTERS/Francois Lenoir DETROIT (Reuters) – Ford Motor Co said on Monday it is producing face masks at a Michigan plant to protect its workers from the coronavirus pandemic and is seeking to have those masks certified for medical

TOKYO (Reuters) – Global shares fell on Monday as investors braced for more signs of economic damage from the coronavirus pandemic although a landmark deal by OPEC and its allies to slash output helped oil prices climbed in volatile trade. FILE PHOTO: A pedestrian wearing a face mask walks near an overpass with an electronic

BAKU/DUBAI/LONDON (Reuters) – OPEC, Russia and other oil producing nations were meeting on Sunday in a bid to clinch a deal on the biggest oil cut ever, amounting to 10 percent of global supply, after their initial efforts to support oil prices amid the coronavirus pandemic were blocked by Mexico. File Photo: The logo of

WASHINGTON (Reuters) – Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output. FILE PHOTO: An employee rides a bicycle next to oil tanks at

FILE PHOTO: Air France planes seen on the tarmac at Paris Charles de Gaulle airport, March 24, 2020. REUTERS/Charles Platiau/File Photo PARIS (Reuters) – Air France KLM (AIRF.PA) has requested several billion euros of emergency funds from the French state while it negotiates a loan package from banks, which would be guaranteed by France and

(Reuters) – Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) Google said on Friday that they will work together to create contact tracing technology that aims to slow the spread of the coronavirus by allowing users to opt into logging other phones they have been near. FILE PHOTO: The Apple Inc. logo is seen hanging at

WASHINGTON (Reuters) – The trillions of dollars in cash and loans unleashed by the Federal Reserve and U.S. political leaders in recent weeks is meant to build a financial bridge for the country to get beyond the coronavirus pandemic and restart the economy with little or no long-term damage. FILE PHOTO: People who lost their

DUBAI/MOSCOW/LONDON (Reuters) – OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis. But the group, known as OPEC+, said a final

FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren (Reuters) – Citigroup Inc (C.N) said on Thursday it is offering full-time positions to its interns, but delaying the new class of summer intern program

FILE PHOTO: The logos of Swiss banks UBS and Credit Suisse are seen at branch offices in Basel, Switzerland March 2, 2020. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – UBS (UBSG.S) and Credit Suisse (CSGN.S) have decided to pay out part of their dividend for 2019 later this year after financial markets watchdog FINMA criticised the

FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith WASHINGTON (Reuters) – The U.S. Federal Reserve said on Wednesday it would “temporarily and narrowly” modify the growth restriction on Wells Fargo & Co’s (WFC.N) asset cap so the bank can make more loans under government assistance

(Reuters) – Amazon.com Inc will suspend a delivery service that aims to compete with UPS and FedEx in the United States. FILE PHOTO: Signage is seen at an Amazon facility in Bethpage on Long Island in New York, U.S., March 17, 2020. REUTERS/Andrew Kelly The online retailer told customers that the service, Amazon Shipping, will

FRANKFURT (Reuters) – Lufthansa (LHAG.DE) said it will close down its Germanwings low-cost airline as part of a broader overhaul which includes cutting capacity across the group, warning it could take years for the industry to recover from the coronavirus crisis. FILE PHOTO: An Airbus A319 aircraft of German airline Germanwings is pictured at Cologne-Bonn

TOKYO (Reuters) – A Hong Kong-based activist investor in Toshiba Corp (6502.T) has asked the Japanese conglomerate to sell its entire stake in Kioxia Holdings when the flash memory chip firm is listed in an IPO that could raise up to $32 billion, according to a letter reviewed by Reuters. FILE PHOTO: The logo of

WASHINGTON (Reuters) – The United States entered what an official called the “peak death week” of the coronavirus on Monday while a watchdog report said hospitals were struggling to maintain and expand capacity to care for infected patients. The U.S. death toll, now at more than 9,600, was rapidly closing in on Italy and Spain,