Category: Business

The coronavirus pandemic has dragged China’s economy into its worst three-month period in decades — and the road toward recovery will likely be long. But the country may still eke out some growth this year, unlike its Western counterparts. The world’s second largest economy shrank 6.8% in the first quarter of 2020 compared to a […]

Global stocks and US futures rocketed higher on Friday despite data showing an unprecedented economic slowdown in China caused by the coronavirus and a mounting death toll from the pandemic in the United States. Investors were focusing instead on signs that industrial giants are reviving production, along with a report of early success in the […]

The world’s biggest carmakers will gradually reopen plants in Europe starting next week, but with a focus on health and safety rather than production volume, as lockdown measures are eased in one of the regions hit hardest by the coronavirus pandemic. Volkswagen (VLKAF) said in a statement Wednesday that production of its passenger car brands […]

The Walt Disney (DIS) Company, unquestionably, deserves a lot of credit. It has built a lineup of entertainment properties like none other in the world, and it has a history even older than Mickey Mouse (he’s 92). So the storied brand has fully merited the huge store of credit it gets—from movie-goers, vacationers, Broadway audiences, […]

Facebook (FB) is canceling all of its planned physical events with 50 or more people through June 2021 due to concerns about the coronavirus pandemic. Some of those events will be held virtually instead, wrote CEO Mark Zuckerberg in a post on his Facebook page on Thursday. Zuckerberg also said the “vast majority” of Facebook […]

Starbucks is adopting a “monitor and adapt” strategy to reopen some cafes in the US following their closures in mid-March. CEO Kevin Johnson told employees in an open letter that the initiative means “every community will continue to monitor the Covid-19 situation “and decide when to fully reopen their cafes depending on local conditions. Johnson […]

Farmers in the United Kingdom, Germany and Canada are using charter flights to bring in thousands of seasonal migrant workers as coronavirus shutdowns threaten the supply of labor during spring and summer harvests. Air Charter Service, which bills itself the largest aircraft charter broker in the world, said its first flight from Romania into the […]