Category: Bussiness

Trump tells GM: Stop 'wasting time', build ventilators to address coronavirus

WASHINGTON/DETROIT (Reuters) – U.S. President Donald Trump on Friday invoked emergency powers to require General Motors Co (GM.N) to build much-needed ventilators for coronavirus patients after he accused the largest U.S. automaker of “wasting time” during negotiations. Trump invoked the Defense Production Act, saying “negotiations with GM regarding its ability to supply ventilators have been […]

Read More

U.S. airlines cheer government relief but warn it is no ‘cure’ for deep industry crisis

CHICAGO (Reuters) – United Airlines Holdings Inc and Delta Air Lines welcomed on Friday a $50 billion relief package they said would protect jobs through September but warned that the continued challenges facing the industry will require more action. Airlines are weathering their largest ever downturn as the coronavirus has ground global travel to a […]

Read More