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Petrobras CEO forecasts 2020 profit hit over multi-year low oil price, coronavirus

17-03-2020

Late on Sunday, in an interview with CNN Brazil, the Chief Executive of Brazil’s state-backed oil giant Petrobras, Roberto Castello Branco said that the 2020 operating profit of Petrobras would unlikely to reach its target

Reserve Bank of New Zealand axes interest rate by 75bps to 0.25% on coronavirus frets

16-03-2020

Earlier in the Asia-Pacific trading hours on Monday, the 16th of March 2020, the Reserve Bank of New Zealand (New Zealand’s Central Bank) had axed its benchmark interest rate by 75 basis percentage point to 0.25 per cent

Louis Vuitton owner LVMH offers free disinfectants to aid French coronavirus fight

16-03-2020

Late on Sunday, the 15th of March 2020, LVMH had issued a statement saying that the Paris-based luxury goods’ manufacturer would begin to manufacture a large quantity of hand disinfectant gels aimed at helping the ailing French economy

Jack Ma donates 2 million masks for Covid-19 to Brussels,Alibaba’s next financial hub

16-03-2020

Late on Friday, the co-founder of Alibaba Group Holdings, Jack Ma, an ordinary salesman turned to in a Chinese billionaire, had pledged to donate as much as two million protective masks for distribution across the EU nations

IMF, World Bank staffs to work from home after coronavirus found at headquarters

16-03-2020

Late on Friday, the 13th of March 2020, World Bank alongside IMF advised their employees Washington HQ staffs to work from home after an IMF employee had been diagnosed with the coronavirus

Aramco to cut capital spending over coronavirus, reports 21% plunge in annual profit

16-03-2020

On Sunday, Aramco, Saudi’s government-backed world’s largest oil exporter and the most profitable company across the globe on an unaudited basis, had released its first earnings’ report as a publicly listed company

Tourism industry under siege as coronavirus contagion spreads

16-03-2020

On Friday, the 13th of March 2020, the consequential repercussions of the coronavirus spread had spanned across the Pacific from the pathogen’s present epicentre in Europe

Tesla Chief Elon Musk’s trial on SolarCity purchase postponed due to coronavirus

16-03-2020

On Friday, the 13th of March 2020, a US District court had postponed a trial of Tesla boss Elon Musk on coronavirus concerns which has been set to begin on Monday (March 16th)

Berlin trying to stop US from luring away German CureVac seeking Covid-19 vaccine

16-03-2020

On Sunday, Government sources in Berlin said that the Trump Administration had been on the lookout of a potential takeover of German firm, CureVac, which the sources claimed had made tremendous progress on developing coronavirus vaccines

Nike Inc. to shut down all stores in US & several other countries

15-03-2020

On Sunday, Nike Inc. had issued a statement saying that the American footwear manufacturer would shut down all of its stores in the United States alongside some other coronavirus-hit countries across the globe to slow down the spread of the pathogen

Bill Gates to step down from Microsoft Board to focus on philanthropy

15-03-2020

Late on Friday, American business magnate, William Henry Gates III or simply the Bill Gates, the co-founder of Microsoft Corp. who made the company world’s one of the most valuable tech firms, had stepped down from the management board of Microsoft Corp.

Apple to close retail stores worldwide except greater China until March 27th

15-03-2020

Late on Friday, the Cupertino, CA-based iPhone manufacturer Apple Inc., the largest tax-payer in the United States, said in a statement that the iPhone maker would shut down all of its retail outlets across the world except those in the Greater China

Major US internet firms agree not to suspend services over next two months

15-03-2020

Late on Friday, the US telecommunication regulator had issued a statement saying that the major US wireless data providers had reached an accord not to cancel or terminate subscription for the next 60 days

India hikes fuel taxes by 4 cents/litre to raise $5.42 billion in annual revenues

15-03-2020

On Saturday, the 14th of March 2020, India, the fifth-largest economy of the world by nominal GDP, had raised the nation’s fuel tax to shore up annual revenues

AP closes Washington office after journalist shows coronavirus symptom

15-03-2020

Associated Press, the NY-based 174-year-old not-for-profit news agency said in a statement late on Friday, the 13th of March 2020, that the American press agency was going to shut down its Washington DC office temporarily

As Covid-19 spread globally, Trump opens up $50bn vault in aid, declares US emergency

15-03-2020

Late on Friday, the 13th of March 2020, the US President Donald Trump had declared a US National Emergency which in effect would make a whopping $50 billion in federal aid available to the US nationals

Trump signs off laws to prevent US rural telecom carriers from using Huawei equipment

14-03-2020

Late on Thursday, the 12th of March 2020, the US President Donald Trump had signed off a legislation aimed at preventing United States’ rural telecom carriers from purchasing networking equipment from China’s Huawei

France to allow some Huawei gear in its fifth-generation network

14-03-2020

The French Government of President Emmanuel Macron had been mulling an option to authorize some of Huawei’s fifth-generation equipment aimed at kickstarting a 5G networking service in France

Austrian Energy Group OMV to sell $2.3 billions of assets to fund Borealis purchase

14-03-2020

Later this week, the Chief Executive of Austrian oil and gas Group, OMV, headquartered in Vienna, said in a statement that the company had been exploring an option to sell $2.3 billion worth of assets by the end of 2021

Nestle hires JPMorgan to oversee Chinese peanut milk business Yinlu sales

14-03-2020

Vevey-based Swiss multinational food and drink processing conglomerate, Nestle SA, the largest food company across the globe, had been exploring an option of a potential sale of its struggling Chinese peanut milk business Yinlu

Trump in contact with contagions as EU’s Hogan cancels trip to US over coronavirus

13-03-2020

Brazilian Government said in a statement that one of Bolsonaro’s acquaintances in his recent visit to the United States who had also posted Instagram photos with the US President Donald Trump was infected with the coronavirus

McDonald’s hourly paid workers in the US seek sick leaves as virus spreads

12-03-2020

Late on Tuesday, the 10th of March 2020, hourly paid workers in the CA-based 80-year-old American multinational fast-food chain, McDonald’s Corp. had urged for paid sick leaves aimed at avoiding US restaurants

WHO says Coronavirus outbreak turns Pandemic; UK, US & Italy unveil big war chests

11-03-2020

On Wednesday, the 11th of March 2020, WHO acknowledged for the first time that the rapidly spreading coronavirus which had killed nearly 3,800 people and infected 120,000, has turned out to be a pandemic

PepsiCo buys Las Vegas-based Rockstar Energy for $3.9 billion

11-03-2020

On Wednesday, PepsiCo Inc. had agreed to a $3.85 billion acquisition of the Las Vegas-based energy drink maker Rockstar Energy Beverages, a deal which industry analysts had branded as the biggest gamble any beverage company had ever made

US senator calls for action on forced labour in China’s Xinjiang

11-03-2020

Late on Tuesday, a senior US Senator had busted a number of US firms operating in China, which the Senator said had willingly been supporting a horrendous working atmosphere including forced labour in a so-called civilized and modern-day China

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