Auto companies and suppliers around the world are ramping up production of critical healthcare products and machines - everything from cloth face masks to sophisticated ventilator systems - to meet a critical shortage of those items at hospitals and care facilities in North America, Europe and Asia.
UK-based airline Virgin Atlantic will ask the British government for a package of commercial loans and guarantees worth hundreds of millions of pounds, the Financial Times reported https://www.ft.com/content/c2d817d9-8a73-4bb8-89e7-e5ca67ed41d7 on Friday, citing people familiar with the matter.
Airbnb Inc has suspended all its marketing activities to save $800 million this year, and its founders will take no salary for the next six months while top executives will take a 50% cut, according to a person familiar with the matter.
Doubts about the fate of the U.S. economy in the face of the coronavirus hammered Wall Street again on Friday, halting its best three-day bounce in almost a century as the number of cases across the country skyrocketed.
Stocks across the globe fell on Friday after a historic three-day run-up, with indexes poised to close the month and quarter with starkly negative performances.
Apple Inc and the White House said on Friday that the iPhone maker worked with the Trump administration and federal agencies to release an app and website that will direct users to guidance from the Centers for Disease Control on the disease caused by the coronavirus.
The coronavirus relief act is giving employers, including sole proprietors, extra time to meet their share of Social Security payroll taxes, the 6.2% of wages they must pay. Deciding whether it's right for you won't be easy.
U.S. banking regulators announced Friday that banks would have the option of ignoring the capital implications of a new global accounting standard for two years in a bid to ensure banks continue lending through the pandemic.
As China reopens its economy after months of lockdown, Apple Inc's iPhone factories are largely up and running. But with the coronavirus pandemic spreading across the world, the urgent question for the company is how many buyers there will be both for current models and the new slate of phones expected in the fall.
General Motors Co has reached a $120 million settlement with owners who claimed that their vehicles lost value because of defective ignition switches, which have been linked to 124 deaths.
Walmart de Mexico said on Friday that foreign exchange fluctuations will make its providers increase some of their prices, pointing to the depreciation of the peso and other currencies during the coronavirus crisis.
Oil prices plunged more than 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
Africa is crying out for debt relief to weather a perfect storm of coronavirus, plummeting oil and commodity prices, mounting budget deficits and weaker currencies.
Equinor will leave industry the Independent Petroleum Association of America (IPAA) lobby group over a disagreement on climate policy, the energy producer said on Friday.
Toyota Motor Corp's North American unit said on Friday it would produce face shields, ventilators and respirators, as the death toll from the coronavirus exceeds 1,200 in the United States.