U.S. regulators are considering issuing guidance that would encourage lenders to offer loans to low-income individuals and to provide leniency on some repayments amid the coronavirus pandemic, an official within a banking agency told Reuters.
A tiny Indian consumer rights group which has been leading a campaign to make telecoms companies pay billions of dollars due to the state said on Wednesday it would oppose a government proposal to allow repayment over 20 years.
Mobile carriers are sharing data with the health authorities in Italy, Germany and Austria, helping to fight coronavirus by monitoring whether people are complying with curbs on movement while at the same time respecting Europe's privacy laws.
Thyssenkrupp , a major supplier to the automotive industry, on Wednesday said it was considering shortened working hours as carmarkers reduce or suspend production due to the coronavirus crisis.
AT&T Inc said Wednesday it will close 40per cent of its U.S-company owned retail stores nationwide as a result of the coronavirus outbreak.
UOB has projected for credit costs to reach 90 to 100 basis points (bps) as its worst-case scenario, as the lender braces for further downside amid the virus fallout.
Several hundred Amazon workers in France protested at one of its sites on Wednesday, calling on the online retailer to cease operations or make it easier for employees loath to work during the coronavirus outbreak to stay away.
Tesla Inc's U.S. vehicle factory in California on Wednesday appeared to operate normally despite an order by the county's sheriff's office to comply with a three-week lockdown in the San Francisco Bay Area to rein in the spread of coronavirus.
Apple Inc launched an updated version of its MacBook Air on Wednesday, modifying keyboards on its laptop line that have faced criticism for typing-related problems.
One of Noel Quinn's first jobs as chief executive of HSBC will be to review the radical revamp he unveiled last month as interim boss, a senior source at the bank said.
