World-Business
Japan's Mitsubishi Motors predicts losses over pandemic
Japanese automaker Mitsubishi Motors Corp. said Friday it expects 26 billion yen ($240 million) in losses for the fiscal year through next March, as sales plunge because of the coronavirus pandemic.
U.S. oil price turns negative for first time in history
U.S. oil prices crashed to the negative territory for the first time in history on Monday, fueled by pandemic-related demand shock and oversupply fears.
Walmart looks to hire 50K more; Boeing gets another setback
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus.
US crude oil price falls below $19
Friday saw Asian shares advancing while US benchmark crude plunged below $19 per barrel.
Chinese economy sees worst downturn in 7 decades
China’s economy suffered its biggest contraction since possibly the mid-1960s after it told millions of people to stay indoors as measure to fight the coronavirus pandemic.
Major airlines line up to split $25 billion in payroll aid
The nation's biggest airlines have tentatively agreed to terms for $25 billion in government aid to pay workers and avoid massive layoffs in an industry that has been slammed by the coronavirus pandemic.
Asian shares fall, Europe, Hong Kong closed after Easter
Shares were mostly lower Monday in Asia while crude prices lost earlier gains that had come after OPEC and other oil producing nations agreed to cut output to reflect the collapse of demand due to the pandemic.
Japan auto industry vows to protect jobs amid virus crisis
Toyota Chief Executive Akio Toyoda promised Friday that the Japanese auto industry would seek to protect jobs worldwide as it endures the coronavirus pandemic.
Mexican standoff imperils proposed 10M-barrel OPEC+ oil cut
A deal between OPEC and nations including Russia to boost oil prices involves a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year, though the cartel said Friday its approval hinges on Mexico's agreement.
Asian shares mostly higher, lockdown feud drags Tokyo lower
Shares were mostly higher in Asia on Thursday though Japan's benchmark fell as local leaders sparred with Prime Minister Shinzo Abe's government over measures to contain the coronavirus outbreak.