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Tesla starts selling two new locally made Model 3 variants in China
U.S. electric vehicle maker Tesla Inc said on Friday it has started selling two new locally made Model 3 sedan variants in China.
Year: 2020
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Saudi energy minister says OPEC+ oil pact hinges on Mexico joining
Saudi Arabia’s energy minister said on Friday that a final OPEC+ oil supply pact to reduce 10 million barrels per day (bpd), which was agreed on Thursday, hinges on Mexico joining in the cuts. OPEC, Russia and other allies, a group known as OPEC+, outlined plans on Thursday to cut their oil output by more than a fifth, but said a final agreement was dependent on Mexico signing up to the pact after it balked at the production cuts it was asked to make. …read more […]
Business News
Saudi energy minister says OPEC+ oil pact ‘hinges on’ Mexico joining
Saudi Arabia’s energy minister said on Friday that a final OPEC+ oil supply pact to reduce 10 million barrels per day, which was agreed on Thursday, “hinges on” Mexico joining in the cuts.
Business News
High U.S. unemployment, 2.5 million jobs lost through 2021: survey
After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top business economists sees high joblessness persisting for more than a year in an outcome that would douse hopes for a quick, post-pandemic return to normal.
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Singapore stops teachers using Zoom app after 'very serious incidents'
Singapore has suspended the use of video-conferencing tool Zoom by teachers, its education ministry said on Friday, after “very serious incidents” occurred in the first week of a coronavirus lockdown that has seen schools move to home-based learning. One of the incidents involved obscene images appearing on screens and strange men making lewd comments during the streaming of a geography lesson with teenage girls, according to local media reports. Zoom Video Communications Inc ZM.O has been plagued with safety and privacy concerns about its conferencing app which has seen a surge in usage as offices and schools around …read more […]
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Boeing considers potential 10% cut to workforce: WSJ
Boeing Co is considering a plan to cut its workforce by about 10%, which could involve buyouts, early retirements and involuntary layoffs, the Wall Street Journal reported on Thursday.
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Boeing considers potential 10% cut to workforce: WSJ
The potential job cuts are expected to largely target Boeing’s commercial arm, which has been under strain due to the crisis in the global airline industry, the report https://www.wsj.com/articles/boeing-considers-potential-10-cut-to-workforce-11586485509?mod=e2tw said. Amid the coronavirus pandemic, Boeing has been suspending production at various plants, including the manufacturing of its 787 airplane at its facilities in South Carolina. Last week, the U.S. planemaker’s Chief Executive Officer Dave Calhoun outlined a plan of voluntary layoffs for employees, while warning that the pandemic would have a lasting impact on the aerospace industry. …read more […]
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Saudi king, Trump, Putin review importance of cooperation between oil producing countries
Saudi Arabia’s King Salman, U.S. President Donald Trump and Russian President Vladimir Putin reviewed, in a phone call, the importance of cooperation between oil producing countries, after Thursday’s OPEC+ meeting, Saudi state news agency SPA reported. The leaders stressed the importance of cooperation between oil producing nations to maintain stability of energy markets and support growth in global economy, SPA reported on Friday. …read more […]
Business News
Saudi king, Trump, Putin review importance of cooperation between oil producing countries
Saudi Arabia’s King Salman, U.S. President Donald Trump and Russian President Vladimir Putin reviewed, in a phone call, the importance of cooperation between oil producing countries, after Thursday’s OPEC+ meeting, Saudi state news agency SPA reported.
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Business News
Saudi, Russia outline record oil cut under U.S. pressure as demand crashes
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.
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Mexico proposes 100,000 bpd oil output cut at OPEC meeting
In a meeting with OPEC and its allies, Mexico proposed reducing its oil output by 100,000 barrels per day (bpd) in the next two months, Energy Minister Rocio Nahle said on Thursday.
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OPEC+ outlines oil cut deal, but Mexico holds up final agreement: sources
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.
Business News
Delta says 35,000 workers taking up voluntary unpaid leaves, still seeking more
Delta Air Lines Inc Chief Executive Ed Bastian said on Thursday that nearly 35,000 workers had volunteered so far for voluntary unpaid leaves of absence the company is offering in an attempt to stem costs because of the coronavirus crisis.
Business News
Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11
Volkswagen AG said Thursday it will furlough 1,500 workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic.