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Chinese maker of 'Amazon coat' weathers coronavirus impact with tax breaks, rent waivers

Orolay, the maker of the 'Amazon coat' that became a darling of U.S. fashion and social media a year ago, knows it is luckier than most Chinese small businesses trying to get back on their feet amid huge disruptions caused by the coronavirus epidemic.



4 years ago

ECB's Weidmann: No need for immediate monetary policy action due to coronavirus

There is no need to take immediate monetary policy action due to the coronavirus outbreak, the European Central Bank's Jens Weidmann said on Friday, adding that remaining alert was however warranted.



4 years ago

Investment advisers worry U.S. response to coronavirus is too little too late

Investment-advisers are increasingly worried that U.S. authorities are not be doing enough to prevent a widespread outbreak of coronavirus in the country, potentially adding further downside to already-battered markets. 



4 years ago

Main Street leans toward Sanders, but Wall Street says Trump

Vermont Senator Bernie Sanders may be surging in the polls ahead of Super Tuesday, but some on Wall Street have made their own conclusions on what November will bring: four more years of President Donald Trump.



4 years ago

Geneva car show axed as Swiss ban large events to fight virus

Switzerland on Friday banned large events expected to draw more than 1,000 people as an extraordinary measure to curb the new coronavirus epidemic, forcing cancellation of the Geneva car show next week.



4 years ago

Geneva car show canceled due to corona woes

The Geneva car show that was set to begin next week has been canceled, organizers Palexpo said on Friday, blaming Swiss government heath measures designed to contain coronavirus.



4 years ago

Kenya's high court orders suspension of flights from China over coronavirus

Kenya's High Court on Friday ordered flights from China to be temporarily suspended over the coronavirus outbreak, following a petition by the Law Society of Kenya.



4 years ago

Former Barclays executives cleared after Qatar fraud trial

Three former Barclays executives were acquitted in London on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.



4 years ago

Aramco secures unconditional EU okay for $69 billion SABIC deal

World No. 1 oil producer Saudi Aramco has gained unconditional EU antitrust approval for its $69 billion bid for a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC), according to an EU filing.



4 years ago

Revival gives Rolls-Royce confidence despite coronavirus

Rolls-Royce has got to grips with a long-running engine problem and enjoyed a strong end to 2019, leaving it well placed to cope with any disruption caused by the coronavirus outbreak, it said on Friday.



4 years ago

China's big airlines resume some global flights halted by coronavirus

China's three biggest airlines have restored a fraction of the international flights they halted in the wake of a coronavirus outbreak, heeding a call from the aviation regulator as business activity recovers slowly.



4 years ago

Volkswagen reaches deal with consumer group over diesel scandal: court

Volkswagen and a major German consumer group have reached an agreement in a class action lawsuit over the carmaker's rigging of diesel emissions tests, a court in the northern city of Brunswick said on Friday.



4 years ago

Ex-Barclays bankers cleared over Qatar fees in blow to UK fraud office

Three former Barclays executives were acquitted in London on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar during the credit crisis, in return for rescue funding.



4 years ago

Volkswagen reaches $900 million deal with consumers over diesel scandal

Volkswagen and a major German consumer group said on Friday that they had reached an 830 million euro ($902.04 million) agreement in a class action lawsuit over the carmaker's rigging of diesel emissions tests.



4 years ago

Axing of Geneva car show forces manufacturers to rethink car launches

Carmakers were scrambling to reorganise press conferences and vehicle presentations after Swiss authorities forced the cancellation of the Geneva car show on Friday in an effort to contain the coronavirus.



4 years ago