French sports companies are expecting a loss of $3.3 billion in turnover for the first half of 2020 due to the coronavirus pandemic, a study by the French Sport and Cycling Union suggested on Wednesday.
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President Donald Trump on Friday used the decades-old Defense Production Act to order General Motors to begin mass production of ventilators needed at hospitals across the U.S. to treat patients infected with the novel coronavirus.
Read moreBosch microwaves are prone to catch fire, a class action claims in federal court.
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The rapid spread of the coronavirus since it was reported in China in December has dealt an unprecedented shock to the global economy.
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Chinese-owned Swedish auto maker Volvo Cars said Friday it would temporarily halt production at its European and U.S. plants to mitigate the impact of the coronavirus outbreak.
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The Big Three Detroit automakers agreed Wednesday to close all their U.S. production plants through March 30 in an effort to curb the rapidly spreading coronavirus.
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Restaurants are reopening, traffic and factories are stirring, and in one of the clearest signs yet that China is awakening from its coronavirus coma, the country’s “dancing aunties” are once again gathering in parks and squares.
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German auto giant Volkswagen said Tuesday it was preparing to shutter most of its European plants, joining a slew of other carmakers as the coronavirus pandemic disrupts supply chains and sends demand plummeting.
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Economic upheaval caused by the fast-spreading coronavirus threatens to plunge Germany’s crucial industrial sector into “the longest recession since reunification,” a powerful industry body said Thursday.
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In the first analysis of its kind of prescription drug pricing in the United States, researchers found that the net cost of drugs – the price consumers paid, minus manufacturer discounts – grew three times faster than inflation over a decade.
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The Supreme Court agreed Monday to review whether draft documents that preceded new regulations on power plants and manufacturing facilities are subject to public disclosure.
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China is transferring tens of thousands of Uighur detainees out of internment camps and into factories that supply some of the world’s leading brands, an Australian think tank said Monday.
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Apple is warning investors it won’t meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones.
Read moreShouting and crying, workers in an Indian denim factory struggled to claw their way up a ladder to a door, their only exit as a fire blazed through fabric and machinery, officials say. Seven people died in the weekend blaze, and families were still waiting Wednesday to recover loved ones’ bodies.
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Near the hometown of the late Ayatollah Ruhollah Khomeini, workers at a small Iranian factory diligently add all 50 stars and 13 red-and-white bars to what are supposed to be U.S. flags, and carefully imprint the blue Star of David on Israeli ones.
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The manufacturer of a commonly used pesticide that has been linked to brain damage in children will stop making the chemical this year.
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Commerce Secretary Wilbur Ross suggested Thursday that the viral outbreak in China might offer an unexpected benefit for the U.S. economy: It could encourage American manufacturers in China to return to the United States.
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3M has been subpoenaed by a federal grand jury in connection to discharges from a chemical plant in northern Alabama that may not have complied with permit requirements.
Read moreThe United States sued ZF Friedrichshafen, of Germany, and Wabco Holdings, of Michigan, in federal court, saying their proposed $7 billion merger would violate antitrust law by combining “two of the leading global suppliers of components used in the manufacture of large commercial vehicles,” including trucks and buses.
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