(Reuters) – Novavax Inc said on Monday it has started the Phase 1 clinical trial of a novel coronavirus vaccine candidate and has enrolled the trial’s first participants, with preliminary results slated for July. The Maryland-based late-stage biotechnology company in April said it identified the candidate, NVX-CoV2373, with which it planned to use its Matrix-M […]

(Reuters) – Organizers said Friday they were canceling the 2020 New York auto show that had previously been pushed back until August, citing the ongoing coronavirus pandemic and the venue’s use as a field hospital. The show, which was initially set for early April and is typically used to unveil new vehicles, was set to […]

LONDON (Reuters) – Britain has extended its mortgage payment holiday scheme for homeowners in financial difficulty during the coronavirus pandemic for another three months. Britain’s finance ministry said more than 1.8 million mortgage payment holidays had been taken up since the scheme was launched in March. It had been due to end in June. Homeowners […]

SEOUL (Reuters) – South Korea’s Ssangyong Motor Co Ltd on Sunday said it has approved the use of a 40 billion won ($32.86 million) special fund raised by its biggest shareholder to help ease liquidity concern amid cooling demand due to the coronavirus. Ssangyong Motor in a statement said its board approved the use of […]

OSLO (Reuters) – Norway, Western Europe’s largest oil producer, said on Saturday the country was still considering cutting oil production if the OPEC+ group implemented its plan. “How any potential output cut will be carried out by Norway, and the size of it, we will have to come back to,” Minister of Petroleum and Energy […]

RABAT (Reuters) – Morocco has started manufacturing its own ventilators with oxygen masks, with 500 expected to be ready by mid-April to help meet demand caused by the COVID-19 pandemic, the Industry Ministry said. The North African kingdom has confirmed 1,431 cases of the novel coronavirus, including 105 deaths, and is seeking to raise the […]

MOSCOW/HAMBURG (Reuters) – A symbolic 60,000 tonne cargo of Russian wheat has set sail for Saudi Arabia from a Black Sea port seven months after conditions were set to allow the trade, three sources told Reuters on Thursday. Russia’s agriculture safety watchdog, Rosselkhoznadzor, confirmed the cargo had departed in a statement. The world’s largest wheat […]

(Reuters) – Tesla Inc told employees on Tuesday it would furlough all non-essential workers and implement salary cuts during a shut down of its U.S. production facilities because of the coronavirus outbreak. Tesla said it planned to resume normal operations on May 4, barring any significant changes, according to an email sent to U.S. employees […]

RIYADH (Reuters) – Saudi Arabia said it would convene a virtual meeting of energy ministers from the Group of 20 major economies on Friday “to foster global dialogue and cooperation to ensure stable energy markets and enable a stronger global economy”. A statement from the Saudi G20 secretariat said the energy ministers, speaking by video […]

NEW YORK (Reuters) – Oil prices slumped on Monday, pulling back from last week’s gains after Saudi Arabia and Russia delayed a meeting of oil producers aimed at resolving growing worldwide oversupply as the coronavirus pandemic pummels demand. The global oil market rebounded last week after sources at the Organization of the Petroleum Exporting Countries […]