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Oil producers scramble to find 'creative' storage options after historic price crash The global public health crisis caused by Covid-19 has created an extreme demand shock in energy markets, with storage space — both onshore and offshore — rapidly filling up. In the U.S., the country's main delivery point in Cushing, Oklahoma is expected ...
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UPDATE 1-Nigeria, Angola cut oil export programmes to meet OPEC deal (Adds more Nigerian cuts and Angolan schedules). By Julia Payne. LONDON, April 29 (Reuters) - African oil producers Nigeria and Angola have revised down their crude oil export programmes for May and June to align themselves with a global production ...
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Virgin Australia has 20 potential buyers, deal seen by June: administrators SYDNEY (Reuters) - Virgin Australia Holdings Ltd's (VAH.AX) administrators said on Thursday they had given eight potential buyers access to a data room and were negotiating with another 12 about doing so as they seek to sell the country's second-biggest ...
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WeWork Troubles Take Deeper Bite Out of SoftBank TOKYO— SoftBank Group Corp. said steeper-than-expected losses on office-share firm WeWork pushed its net loss for the latest fiscal year to around ¥900 billion ($8.4 billion)—$1.4 billion more than it announced just two weeks ago. The Japanese tech ...
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US economy faces hard slog back from pandemic, Fed chief says WASHINGTON (Reuters) - The head of the Federal Reserve on Wednesday dashed lingering hopes for a fast rebound from the coronavirus pandemic, saying the U.S. economy could feel the weight of consumer fear and social distancing for a year or more in ...
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Hologic Inc (HOLX) Q1 2020 Earnings Call Transcript Hologic Inc (NASDAQ:HOLX) Q1 2020 Earnings Call Apr 29, 2020, 4:30 p.m. ET. Contents: Prepared Remarks; Questions and Answers; Call Participants. Prepared Remarks: Operator. Good afternoon, and welcome to Hologic's Second Quarter Fiscal 2020 ...
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SocGen posts first-quarter loss on trading, bad loan provisions PARIS (Reuters) - Societe Generale (SOGN.PA) posted a first-quarter loss on Thursday and said it would make deeper cost cuts in 2020 as its provisions against bad loans increased threefold and it suffered from trading losses. The coronavirus pandemic has ...
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UPDATE 1-NZ central bank removes mortgage curbs to ease coronavirus impact (Adds details, background and comment from deputy governor). WELLINGTON, April 30 (Reuters) - The Reserve Bank of New Zealand (RBNZ) said on Thursday that it would remove mortgage lending restrictions for 12 months as a response to the economic ...
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US blacklists five Amazon foreign websites Five of online retail giant Amazon's foreign websites have been placed on a blacklist by the Trump administration. Its e-commerce platforms in the UK, Germany, France, India and Canada have been added to a "notorious markets" register. The US trade ...
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Gold hoarding investors avert coronavirus demand collapse: WGC LONDON (Reuters) - Massive stockpiling of gold by investors spooked by the coronavirus outbreak offset a collapse in jewellery production to keep global demand for the metal stable in the first three tumultuous months of 2020, the World Gold Council said on ...
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Meet EventBot, a new Android malware that steals banking passwords and two-factor codes Security researchers are sounding the alarm over a newly discovered Android malware that targets banking apps and cryptocurrency wallets. The malware, which researchers at security firm Cybereason recently discovered and called EventBot, masquerades ...
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Coronavirus slashes UK car output as industry warns of big hit LONDON (Reuters) - The British car industry faces losing output worth more than 8 billion pounds ($10 billion) due to the coronavirus outbreak, which cut production in March by a third, falling to its lowest level since 2009, an industry body said on Thursday.
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Google blocked, removed 2.7 billion bad ads last year Google says it's blocked and removed tens of millions of coronavirus-related ads in the past few months for policy violations. Angela Lang/CNET. Google blocked and removed 2.7 billion bad ads in 2019 and suspended around 1 million advertiser accounts ...
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Visualization shows how droplets from one cough can infect an entire airplane The coronavirus pandemic has brought air travel to an unprecedented standstill — wreaking all sorts of havoc and putting countless jobs at risk — but a new visualization is unlikely to make people eager to fly the friendly skies again soon. The motion graphic ...
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Paine Field Airport to test passengers for fever before boarding EVERETT, Wash. -- Paine Field has unveiled a fever detection system at its new passenger terminal, Propeller Airports announced Wednesday. "It's an effective, easy to implement tool that gets people comfortable," said Brett Smith, CEO of Propeller Airports.
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Pending home sales tank nearly 21% in March, but Realtors claim prices will hold up Signed contracts to buy existing homes, referred to as pending home sales, fell 20.8% compared with February and were 16.3% lower annually, according to the National Association of Realtors. "The housing market is temporarily grappling with the ...
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Microsoft now at 75 million daily active Teams users despite supply chain constraints affecting its cloud business Credit: ZDNet. Cloud. Top cloud providers in 2020: AWS, Microsoft Azure, and Google Cloud, hybrid, SaaS players · The best email hosting services: G Suite and Microsoft 365 are not your only options · Microsoft Teams: How to master remote work beyond ...
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China's April factory activity unexpectedly dips as export orders collapse - Caixin PMI BEIJING, April 30 (Reuters) - China's factory activity unexpectedly shrank in April, a private-sector survey showed on Thursday, as the coronavirus pandemic shattered global demand, causing a substantial drop in export orders and more layoffs.
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Hasbro's Play-Doh and Monopoly bright spots in challenging quarter Hasbro expects to ramp up production in China to meet demand for its Nerf blasters, Transformers figures and other toys in the vital end-of-year holiday season, even as it warned of a hit to overall sales from coronavirus lockdowns. The toymaker said on ...
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Wynn, Hilton CEOs talk deals, procedures for safe reopenings at White House Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. During a Business Roundtable event held at the White House on Wednesday, leaders from the hospitality industry laid out how they plan to ...
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Exclusive: Amazon Turns to Chinese Firm on US Blacklist to Meet Thermal Camera Needs NEW YORK/SAN FRANCISCO (Reuters) - Amazon.com Inc has bought cameras to take temperatures of workers during the coronavirus pandemic from a firm the United States blacklisted over allegations it helped China detain and monitor Uighurs and other ...
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Reliance Industries Q4 results today: 5 things to watch out for Reliance Industries (RIL) is likely to report soft earnings for March quarter, as Covid-19 pandemic cast its shadow on the refinery and retail businesses. However, the robust performance by its telecom arm may support bottom line on a consolidated basis.
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Smithfield workers ordered to call in to earn shutdown pay this week Smithfield Foods is instructing employees to call a phone number in order to be paid this week, according to multiple employees who told the Argus Leader they received the letter. The Virginia-based company closed its Sioux Falls meatpacking plant two ...
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YouTube Combats COVID-19 Conspiracies With Fact-Checking Panels In Search Results YouTube users in the U.S. will now see panels of fact-checked information pop up when they search for conspiracies or debunked claims, including those about COVID-19. "Over the past several years, we've seen more and more people coming to YouTube ...
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Gildan reports major Q1 loss as effects of COVID-19 downturn are seen on retail sales, production The combination of a significant global revenue hit from the COVID-19 pandemic and a major goodwill write-off contributed to a $99.3 million first-quarter loss for Gildan Activewear Inc. Gildan, based in Montreal, has yarn-spinning manufacturing and other ...
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Sensex rallies 900 points, Nifty tops 9800: Top factors behind market rally NEW DELHI: Buoyed by encouraging data from Covid drug trials in the US, domestic equity indices extended their rally to the fourth day during the week on Thursday. Expansion of Chinese factory data also helped the sentiments on Dalal Street. Gilead's ...
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Celebrate Cinco de Mayo at home with deals from these five Houston favorites HOUSTON – Remember at the beginning of 2020 when you were so psyched that Cinco de Mayo was going to be on Taco Tuesday? Don't fret! While you may not be able to get together with friends and family as in years past, you can still enjoy the spirit of ...
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Bitcoin takes flight as halving event approaches Excitement over bitcoin's upcoming halving and an overall risk-on environment are pushing up cryptocurrencies, with the largest token reaching its highest level since before the coronavirus-induced crash. Bitcoin leapt above $9 300 on Thursday.
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Enterprise rental company lays off more than 2000 employees Rental car company Enterprise Holdings has laid off more 2,000 employees after seeing a dramatic drop in business during the coronavirus pandemic, the state of Missouri reported on its website Wednesday. The company expected the coronavirus shutdown ...
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What Allegheny County officials say about reopening process Allegheny County officials said Wednesday it continues to be on track in one of the state's criteria to reopen but didn't provide a time line on when it could get the go-ahead from the Wolf administration. Gov. Tom Wolf will make an announcement Friday on the ...
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Walmart to close stores in Worcester, Abington for one day during coronavirus pandemic for deep cleaning UPDATE: The Worcester Walmart on Tobias Boland Way was shut down by the city and must be deep cleaned after 23 employees tested positive for coronavirus. The Walmart in Worcester will close on Thursday, April 30, for a deep cleaning during the ...
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Con artists take advantage of coronavirus pandemic to scam renters CALGARY -- There's a new twist to a common rental scheme, the Better Business Bureau says. This time, fraudsters are using the coronavirus, along with the restrictions associated with the illness, in order to convince victims to fall for their ploy. Advertisement.
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Fortescue hikes iron ore shipments outlook Fortescue Metals has hiked its annual iron ore shipments forecast after it reported a 10 per cent rise in third-quarter shipments and said it had managed to keep a lid on costs amid the coronavirus pandemic. The company, one of the big four global iron ore ...
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State public health officials update outbreak data for COVID-19 The weekly update for outbreaks of COVID-19 at non-hospital health care facilities, corrections facilities, and food-related facilities released Wednesday shows out of the 736 deaths from the virus, 60% are still taking place at those facilities. The largest ...
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