The chief executive of Norway’s $1tn oil fund has admitted he “really screwed up” and damaged its reputation by accepting a paid flight by the hedge fund manager due to succeed him. Yngve Slyngstad, who is set to step down in September after …
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SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) said on Thursday it expects only a modest recovery in Chinese auto demand and weak sales elsewhere this year after the coronavirus pandemic caused first-quarter vehicle sales to tumble …
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ZURICH — Credit Suisse has bulked up on provisions for expected credit losses and cautioned over uncertainty during the coronavirus outbreak, even as it posted a 75% rise in first-quarter net profit on Thursday, far outpacing expectations. The first major …
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Business owners and CEOs are starting to plan for what business as normal will look like whenever there’s a new normal. They’re preparing for it to not look the same as before the virus took hold. DONNA ABBOTT-VLAHOS. By Chelsea Diana – Reporter …
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President Donald Trump is at the center of a fierce lobbying fight between insurers and businesses that are clashing over hundreds of billions of dollars in claims triggered by the Covid-19 outbreak. Trump has proven to be a wild card in the dispute over …
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