Renault cancels dividends, cuts pay to financially help its staff amid coronavirus pandemic while informing its possible plan of seeking bank loans. Jean-Dominique Senard, the chairman of Renault, on Friday, 10 April 2020, said that the auto manufacturing company is exploring the options of seeking...

American McDonald's Corp., the world's largest chain of fast-food restaurants, reported a drop in comparable global sales in March by almost a quarter amid an outbreak of the coronavirus. According to the company’s press release, last month global comparable sales fell 22.2%. According to the...

A case has been filed against the Japanese investment conglomerate SoftBank by a WeWork board committee that had secured a $3 billion tender offer with the Japanese conglomerate over accusations that it had abandoned the deal and accused the company of succumbing to “buyer’s remorse” even as the...

The rampant spread of the deadly coronavirus in the United States has forced US president Donald Trump last week to urge the Indian government to allow the export of Hydroxychloroquine tablets to America in order to treat patients infected with the virus as well as to try and keep doctors and other...

Walmart-owned largest e-commerce company of India Flipkart has assured that it will now slash salaries of employees and will honour the job offers extended even in the face of business disruption because of the coronavirus pandemic spreading across the country.   More than 8,000 employees of...

Fitch Ratings downgraded the credit rating of Pemex, a Mexican oil corporation, from BB + to BB, explaining this by a deterioration in its credit profile amid a recession in the global oil and gas industry. “Fitch Ratings downgraded the long-term issuer default ratings of Petroleos Mexicanos...

Emirates Airlines received a personal permission from the UAE authorities to resume flights from next week. This was announced by the chairman of the company, Sheikh Ahmed bin Saeed Al Maktoum. The country's largest air carrier ceased to operate passenger flights on March 25, after authorities...

The lost revenue of the company of the President of the United States Trump Organization due to the coronavirus pandemic exceeds $ 1 million per day, writes The Wall Street Journal, citing industry data and information from sources. According to the newspaper, the company receives most of its...

Restaurants in countries that have been hit by the coronavirus pandemic will be supported by Delivery Hero, one of the top online food delivery marketplaces of the world, by ramping up deliveries to consumers who have been forced to stay at home because of the pandemic, the company said on...