World-Business
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.
Virus outbreak delivers tech darlings a harsh reality check
Just as the coronavirus outbreak has boxed in society, it's also squeezed high-flying tech companies reliant on people's freedom to move around and get together.
Airbus asked to cancel contract; Japan offers stimulus
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Monday related to the global economy, the work place and the spread of the virus.
Vivo extends smartphone warranty until May 31
Smartphone company Vivo has extended warranty of its smartphones until May 31, amid the coronavirus or COVID-19 outbreak.
The warranties of smartphones were scheduled to expire on March 25.
Vivo will provide hotline service from 9am to 6pm while its service centers will remain closed, said a press release.
Hotline numbers are- 01318563993 and 01318563995.
Customers will be also able to contact Vivo by its facebook page, website and email.
Saudi Arabia sharply rebukes Russia over oil price collapse
Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the tensions ahead of an emergency meeting of OPEC and other oil producers.
Trade in medical products now in severe shortage during COVID-19 crisis totalled about US$ 597 b in 2019:WTO
Trade in medical products which have now been described as critical and in severe shortage during the COVID-19 crisis totalled about US$ 597 billion in 2019, accounting for 1.7 percent of total world merchandise trade, according to a new report.
Walmart limits store access; US airlines sign up for grants
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus.
Virus deaths, unemployment accelerating across Europe, US
Coronavirus deaths mounted with alarming speed in Spain, Italy and New York, the most lethal hot spot in the United States, while the outbreak has thrown 10 million Americans out of work in just two weeks and by Friday had sickened more than a million people.
COVID-19 fallout: ICC, WTO heads urge business dialogue
World Trade Organisation (WTO) Director General Roberto Azevêdo and International Chamber of Commerce (ICC) Secretary-General John Denton on Thursday called for more dialogue with business to maximise the effectiveness of public policies to mitigate the economic damage resulting from the COVID-19 pandemic, particularly with regards to trade.