(Reuters) – Ford Motor Co and General Motors Co, the top two U.S. automakers, have more than two dozen new battery electric vehicles (EVs) in the pipeline, according to their executives and suppliers familiar with the companies’ plans. Their combined production in North America is expected to total 325,000 in 2026, according to data from […]

SINGAPORE/NEW DELHI (Reuters) – Indian liquefied natural gas (LNG) importers have issued force majeure notices to suppliers as domestic gas demand and port operations are hit by a nationwide lockdown to curb the spread of coronavirus, industry sources told Reuters. Any reduction in purchases by India, Asia’s third largest economy and one of the top […]

WASHINGTON, March 24 (Reuters) – G7 finance ministers and central bank governors on Tuesday pledged to expand fiscal and monetary actions for as long as necessary to restore growth and confidence battered by the coronavirus. In a statement issued after a weekly call on Tuesday morning, the group said: “We will do whatever is necessary […]

MILAN/DUBAI (Reuters) – BlackRock Inc (BLK.N) has dropped out of the race to become an investor in Abu Dhabi National Oil Co’s (ADNOC) natural gas pipeline assets, two sources familiar with the matter said. That leaves Italian infrastructure firm Snam (SRG.MI) and Global Infrastructure Partners among at least six remaining bidders, they said. BlackRock, along […]

NEW DELHI (Reuters) – India’s cabinet has approved a 480 billion rupees ($6.37 billion) plan to boost electronics manufacturing and woo large investment to a country which, following Prime Minister Narendra Modi’s Make-in-India drive, has become the world’s second-biggest mobile phone manufacturer. New Delhi will provide companies a production-linked incentive of 4% to 6% on […]

WICHELEN (REUTERS) – A Belgian distillery has switched from producing gin to disinfectants after medical authorities sought additional supplies to cope with coronavirus spreading in the country. The Belgian government said on Friday it would provide 1 billion euros ($1.1 billion) urgently to help hospitals face the crisis, with 2,257 cases confirmed so far and […]

(Reuters) – U.S. stocks opened higher on Friday, in what is still the market’s worst month in three decades, as intervention by U.S. policymakers finally seemed to stem the bleeding on Wall Street. The Dow Jones Industrial Average rose 165.96 points, or 0.83%, at the open to 20,253.15. The S&P 500 opened higher by 22.55 […]

(Reuters) – General Electric’s healthcare unit said on Thursday it will hire more people and increase the number of shifts as it races to produce ventilators round-the-clock to meet the surge in demand caused by the coronavirus pandemic. The rapid spread of the illness, which has killed more than 8,900 people, has strained healthcare systems […]

BERLIN (Reuters) – The ILA Berlin Air Show, a major international gathering for the aerospace, air and defence industries scheduled to take place in the German capital from May 13-17 has been cancelled due to the coronavirus, Berlin Messe said on Wednesday. “We are looking with a heavy heart at ILA Berlin 2020 which it […]

LONDON (Reuters) – Swift government action is needed to help global airlines that are in a desperate situation and running out of cash, the International Air Transport Association warned on a media call on Tuesday. “If we want to maintain a strong airline sector able to cope with this difficult crisis and provide the resources […]