Toyota Motor Corp (7203.T) said on Monday that it would extend a suspension at all of its factories in Europe with the exception of Russia until further notice, with a restart expected no earlier than April 20. With the spread of the coronavirus epidemic, Toyota had suspended production from around mid-March in France, Britain, the…
Airbnb hosts will provide free rooms for workers in Britain’s National Health Service (NHS) to support their work during the coronavirus outbreak, the company said on Sunday. Nearly 1,500 places to stay have been made available under the scheme amid a slump in bookings on the home rental start-up as travel restrictions and curbs on…
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Luxury fashion group Chanel said on Sunday it would launch production of face masks to help bolster supplies in France, as the coronavirus sweeps across the country. Prototypes were being worked on and would roll off production lines once they received the approval of French authorities. “Today we are mobilizing our workforce and our partners…
Britain’s big telecoms providers have agreed to remove all data caps on fixed-line broadband services that have become a lifeline for people isolated at home during the coronavirus crisis, the government said on Sunday. The companies, which include BT (BT.L), Virgin Media (LBTYA.O), Sky (CMCSA.O) and TalkTalk (TALK.L), committed to support and protect vulnerable customers…
Amazon.com Inc is offering higher pay to recruit its own warehouse employees to pick and pack Whole Foods groceries amid rising demand and a worker shortage, according to an internal document reviewed by Reuters. This move, known as labor sharing, highlights how the ecommerce giant is reallocating some of its vast workforce to handle a…
China plans stronger steps to revive an economy hit by coronavirus, as the nation on Saturday reported no new locally transmitted infections for the previous day. The ruling Communist Party’s Politburo said on Friday it would step up macroeconomic policy adjustments and pursue more proactive fiscal policy, state media reported. With the world’s second-biggest economy…
Mainland China reported its first locally transmitted coronavirus case in three days and 54 new imported cases, as Beijing ordered airlines to sharply cut international flights, for fear travellers could reignite the coronavirus outbreak. Thursday’s 55 new cases were down from 67 a day earlier, the National Health Commission said in a statement on Friday,…
Singapore-based Vickers Venture Partners said on Friday it has received commitments totalling $200 million so far for its latest fund, which has a target to raise $500 million. Chairman Finian Tan told Reuters that it expects the fund, which hit its first close in October and has a portfolio of 11 companies, to perform as…
The head of the World Health Organisation (WHO) told the Group of 20 wealthy nations on Thursday that the coronavirus pandemic is “accelerating at an exponential rate” and urged them to ramp up production of protective gear for health workers. “We call on all of your nations to increase production, remove export bans and ensure…
Singapore Airlines (SIA) (SIAL.SI) is tapping existing investors for up to S$15 billion ($10.48 billion) through the sale of shares and convertible bonds to offset the shock to its business from the coronavirus outbreak. The fundraising is being underwritten by the airline’s biggest investor, state-owned Temasek Holdings [TEM.UL], which owns about 55% of the group. …
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