Markets

A U.S. Senate Republican and a Democrat proposed a US$500 billion rescue package for state and municipal governments on Monday, as it became increasingly clear that the next coronavirus relief bill will not include money for reeling local authorities.

U.S. solar panel maker SunPower Corp on Monday said it had temporarily stopped production at all of its factories in five countries as the coronavirus outbreak ravages demand for its products.

Volkswagen AG said on Monday it will keep its factories in Brazil, South America's top auto producer, shut through the end of the month, but that a decision has not been made on whether it will reopen them in May or later.

Britain's biggest listed companies have been urged to hold 'virtual' annual general meetings after two-thirds of the firms to announce meetings so far opted to hold them behind closed doors because of COVID-19.

WASHINGTON: Uber unveiled plans to expand delivery of groceries and other goods from retailers as part of its response to the global coronavirus lockdowns. The ridesharing giant said a new service called Uber Direct would focus on grocery and convenience store deliveries - where social distancing ...

Scientists have discovered that a comet called 2I/Borisov - only the second interstellar object ever detected passing through the solar system - is surprisingly different in its composition from comets hailing from our celestial neighborhood.

Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.

The U.S. Supreme Court on Monday threw out a lower court ruling that had allowed litigation by Montana landowners to proceed against BP Plc unit Atlantic Richfield Co seeking a more extensive cleanup of a hazardous waste site than the federal government had ordered.

U.S. restaurants are on track to lose US$50 billion in April, with losses mounting to an estimated US$240 billion by the end of 2020, as the coronvirus crisis ravages the industry, according to a National Restaurant Association survey released on Monday.

An extreme situation has developed in the U.S. crude oil futures markets, as the current front-month May contract, due to expire Tuesday, has dropped by a whopping 36per cent, opening up the widest gap between it and the next contract ever, at nearly US$11 a barrel.