[ad_1] DUBAI/LONDON/MOSCOW/NEW YORK (Reuters) – OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of worldwide supply in what they expect will be a global
Saudi energy minister rejects Russian comments about kingdom’s withdrawal from OPEC+ deal
[ad_1] CAIRO (Reuters) – The Saudi energy minister on Saturday rejected Russia’s remarks that the kingdom withdrew last month from a deal to cut output. Prince Abdulaziz bin Salman was responding to comments made by
Coronavirus upends global food supply chains in latest economic shock
[ad_1] SATARA, India, SINGAPORE, LONDON (Reuters) – In the fertile Satara district in western India, farmers are putting their cattle on an unorthodox diet: Some feed iceberg lettuce to buffalo. Others feed strawberries to cows.
U.S. airlines apply for U.S. payroll help but terms still unclear
[ad_1] CHICAGO/WASHINGTON (Reuters) – Major U.S. airlines applied on Friday for payroll grants from the U.S. Treasury meant to keep workers employed during a sharp downturn from the coronavirus, though the terms of any aid
U.S. businesses swarm coronavirus bailout fund after days of confusion
[ad_1] (Reuters) – Like many small business owners, New York City restaurateur Dan Kluger spent his Friday scrambling to apply for a loan under the U.S. government’s $349 billion small business bailout fund, which officially
Fiat Chrysler postpones shareholders’ meeting and resolution on dividend to late June
[ad_1] FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S., May 25, 2018. REUTERS/Rebecca Cook MILAN (Reuters) – Fiat Chrysler (FCHA.MI) said on Friday it
Trump hosts Big Oil executives at White House to discuss market slump
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump met with oil company executives at the White House on Friday afternoon to discuss a historic oil-price slump threatening their businesses, brought on by the coronavirus outbreak
New York state’s COVID-19 death toll nears 9/11 level
[ad_1] NEW YORK (Reuters) – New York state braced for an onslaught of new COVID-19 cases next week after recording more than 500 deaths in a single day, bringing the total to nearly 3,000, or
ArcelorMittal South Africa issues force majeure, cuts salaries
[ad_1] JOHANNESBURG (Reuters) – ArcelorMittal South Africa (ACLJ.J) has issued force majeure notices to customers and suppliers “where appropriate” as a nationwide three-week lockdown impacts Africa’s biggest steel producer. Triggering a force majeure clause in
U.S. airlines face deadline to apply for federal payroll grants
[ad_1] CHICAGO/WASHINGTON (Reuters) – U.S. airlines and airport contractors faced a deadline of 5 p.m. EDT (2100 GMT) on Friday to tap the federal government for up to $32 billion in payroll grants to keep