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Apple launches site to show how coronavirus lockdowns affect movement

Apple Inc on Tuesday said it would release data that could help inform public health authorities on whether people are driving less during lockdown orders to slow the spread of the new coronavirus.



4 years ago

Adidas gets 3 billion euro government backed loan, suspends dividend

German sports retailer Adidas on Tuesday said it received approval for a syndicated 3 billion-euro ($3.3 billion) government-backed loan to mitigate the financial impact on its business from the spread of the coronavirus.



4 years ago

Spirit expects quarterly loss as coronavirus hits plane output

Spirit AeroSystems Holdings Inc said on Tuesday it would swing to a first-quarter loss and warned of a bigger blow in the current quarter, as customers Boeing Co and Airbus SE whittle down production due to the coronavirus pandemic.



4 years ago

Oil producers pin hopes for massive cuts on unprecedented stockpile purchases

An unprecedented deal by oil producers to curb supply to match demand hollowed out by the coronavirus pandemic is set to depend partly on purchases by consumer countries for their strategic stockpiles on a scale not before seen.



4 years ago

NMC Health board replaced by administrators

The administrators of troubled hospital operator NMC Health said on Tuesday they had replaced the company's board and asked its main lender, Abu Dhabi Commercial Bank (ADCB), to lead a steering group to discuss cutting its debt pile.



4 years ago

Spain denies requisitioning coronavirus tests bound for workers

Spain's health minister denied on Tuesday that authorities had requisitioned 2,000 antibody tests which a workers union said Siemens Gamesa had expected to receive to check whether its staff have been infected with the coronavirus.



4 years ago

Global creditors agree debt relief for poor countries hit by pandemic

Major international creditors will suspend debt payments this year for the world's poorest countries, who will be hit hardest by the rapidly spreading coronavirus pandemic that has sparked the steepest downturn in the global economy since the 1930s.



4 years ago

Creditors can snatch your coronavirus stimulus check if you have outstanding debts

Millions of Americans are hoping for some financial relief from those one-time government payments that are just starting to be sent out. However, one loophole could prevent individuals with outstanding debts from getting that money. Some officials are calling for that to change.

4 years ago

What to do if you can't pay your credit card bills

Many banks are offering customers a break on their monthly obligation, and most consumers who ask for one are successful.

4 years ago

Two big U.S. banks offer glum outlook for coronavirus recession

The main things investors wanted to learn from first-quarter results by JPMorgan Chase & Co and Wells Fargo & Co on Tuesday was just how bad the coronavirus recession is going to get and how long it will take to get back to normal.



4 years ago

GM says it is ready to deliver first batch of critical care ventilators

General Motors Co said on Tuesday the first batch of ventilators needed to treat severely sick coronavirus patients were ready for delivery to the United States government.



4 years ago

J&J sees medical devices business recovery at end of year after taking coronavirus hit

Johnson & Johnson on Tuesday said it expects its medical device business to begin recovering in the fourth quarter as elective medical procedures delayed by the coronavirus pandemic start to resume.



4 years ago

Republicans warn coronavirus aid program running out of cash

Republicans in the U.S. Senate and the Trump administration on Tuesday warned that a key program to help small businesses survive the coronavirus pandemic was running out of money, pressuring Democrats to agree on an emergency infusion of aid.



4 years ago

Fiat Chrysler bolsters cash with $3.8 billion syndicated credit

Fiat Chrysler said on Tuesday it had successfully completed the syndication of a 3.5 billion euro ($3.8 billion)credit facility which it had agreed last month with two banks.



4 years ago

Oil slumps on worries that supply cuts are playing catch-up to falling demand

Oil prices dropped sharply on Tuesday, with U.S. prices sliding back toward $20 a barrel, as investors bet that fuel demand destruction caused by the coronavirus pandemic would be too much for producers embarking on record global output cuts to offset.



4 years ago