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Updated: 4 years 23 weeks ago
How grab-and-go food chains are adjusting to coronavirus reality
Restaurants devoted
mainly to quick bites and drinks are reconfiguring their
businesses to limit traffic in tight quarters and maintain
coronavirus social distancing.
Categories: Business News
Canada's Suncor CEO sees electric vehicles disrupting oil demand as much as coronavirus
The shift to electric vehicles
and other low-carbon technologies could disrupt crude oil demand
on a similar scale to the coronavirus pandemic, Suncor Energy
Inc's chief executive said on Monday.
Categories: Business News
Trump's social media regulation push faces key hurdle at the FCC
U.S. President Donald Trump's
effort to regulate social media companies' content decisions may
face an uphill battle from regulators who have previously said
they cannot oversee the conduct of internet firms.
Categories: Business News
UPDATE 9-Fires burn near White House in violent U.S. protests
Fires burned near the White
House, stores were looted in New York City and Southern
California, and a tanker truck drove into marchers in
Minneapolis as the United States struggled to contain chaotic
protests over race and policing.
Categories: Business News
86 American Seafoods crew members test positive for coronavirus
Eighty-six crew members in one of
American Seafoods' fish processing vessels have tested positive
for COVID-19, the fishing company said on Sunday.
Categories: Business News
UPDATE 1-Truckmaker Scania signals lay-offs, has 5,000 more staff than needed
Categories: Business News
UPDATE 1-Emirates could take four years to resume flying to entire network
Emirates' outgoing President Tim
Clark on Monday said it could take the state carrier up to four
years to resume flying to its entire network that has been
decimated by the coronavirus pandemic.
Categories: Business News
Buffett-backed BYD to supply EV batteries to Ford
Chinese electric vehicle (EV)
maker BYD Co Ltd, will supply EV batteries
to U.S. automaker Ford Motor Co, a document on the website
of the Ministry of Industry and Information Technology showed on
Monday.
Categories: Business News
UPDATE 1-South Africa loosens lockdown in economic recovery effort
* School opening delayed while teachers get PPE
(Adds President Ramaphosa, rand, Standard Bank forecast)
Categories: Business News
MORNING BID-Buy in May -- and in June
(A look at the day ahead from EMEA deputy markets editor Sujata
Rao. The views expressed are her own.)
It's nowhere in the league of the mega-RJR Nabisco leveraged
buyout immortalized in the 1989 book (and subsequent film)
"Barbarians at the Gate", but a Reuters report that a consortium
of buyout funds is looking to make a takeover bid for Spanish
telco MasMovil shows private equity may still be able to do its
thing. It's oddly reassuring in these troubled times to see the
barbarians still have
Categories: Business News
GLOBAL MARKETS-Stocks scale 3-month peak, dollar sags on reopening joy
World stocks were just shy of
three-month highs and the dollar weakened further on Monday as
optimism on economies opening up boosted risk appetite,
shrugging off worries over riots in the U.S. and unease over
Washington's power struggle with Beijing.
Categories: Business News
Emirates president says could take four years to rebuild network from virus hit
Emirates President Tim Clark said
on Monday it could take the airline four years to rebuild its
network that has been decimated by the coronavirus pandemic.
Categories: Business News
Virus-hit cruise liner leaves Japan after a month's quarantine
The Costa Atlantica cruise ship,
which docked in southern Japan with over 100 crew members
testing positive for COVID-19, has left the country and is en
route to the Philippines, local government officials said on
Monday.
Categories: Business News
Jaws returns, as Universal Studios Japan to reopen this month
Jaws is back. So are the herd of
Hippogriffs from Hogwarts, and the T.Rex from Jurassic Park as
Universal Studios Japan said on Monday its theme park in Osaka
would open later this month for the first time since closing in
March due to the coronavirus.
Categories: Business News
On quarantine, UK minister says we need to protect the nation's health
British Business Secretary Alok
Sharma said on Monday that the quarantine for international
travellers that has so angered some airlines was important to
take care of the health of the country.
Categories: Business News
UPDATE 1-Climate activists stage protest at oilfield in southern England
Extinction Rebellion activists
staged a protest on Monday at an oilfield in southern England
part owned by British energy company UK Oil & Gas Plc,
according to a spokeswoman for the group and photos on social
media.
Categories: Business News
European shares rise in relief over Trump's China response
European shares edged closer to a
three-month high on Monday on hopes of a post-coronavirus global
recovery, with investors relieved that the U.S. response to
China's national security law on Hong Kong was not as bad as
feared.
Categories: Business News
GLOBAL MARKETS-Asia stocks scale 3-month peak, resilient to U.S. rioting
Asian shares advanced
to three-month highs on Monday as progress on re-opening
economies helped offset jitters over riots in U.S. cities and
unease over Washington's power struggle with Beijing.
Categories: Business News
Oxford Biomedica hires French pharma veteran after signing vaccine deal
Gene and cell therapy firm Oxford
Biomedica plc said on Monday it had appointed French
pharmaceutical industry veteran Roch Doliveux as its
non-executive chairman, as it eyes a potentially major role in
producing coronavirus vaccine.
Categories: Business News